Imposition of Legal Safety Mandates in the Automotive Industry is Driving the Microcontrollers Market
With the modernization of vehicles, the number of microcontrollers employed in a vehicle has increased. The microcontrollers driven operations include advanced driver assistance system, airbags, anti-lock brake system, and others, which constitute the major components of safety and security application. The automotive microcontrollers market for safety and security system is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing installation of safety features and ongoing legal mandates pertaining to this application.
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