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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.<br><br>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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Imposition of Legal Safety Mandates in the Automotive Industry is Driving the Microcontrollers Market

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  1. Automotive Microcontrollers Market by Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), Technology (ACC, Blind Spot Detection, Park Assist, TPMS), Vehicle, EV, Bit Size, Connectivity, and Region - Global Forecast to 2022 www.MarketsandMarkets.com

  2. The major factors driving the growth of the automotive microcontrollers market are the increasing installations of advanced driver assistance systems, stringent automotive safety and security norms introduced by the government, and rising preference of vehicle electrification among OEMs and Tier I suppliers. Safety and Security application holds the largest market share in 2017 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. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=162948952

  3. Passenger Cars– Largest share of automotive microcontrollers market in 2017 Growing complexity in vehicle electronics, coupled with increasingly stringent emission norms have contributed to the growth of the global automotive microcontrollers market for passenger cars during the forecast period. The passenger car segment is estimated to hold the largest share of the automotive microcontrollers market due to the increasing installation of safety features. Also, safety mandates and regulations across developed nations have incentivized the OEMs to manufacture passenger cars that feature advanced technologies. These factors have boosted the microcontrollers market for passenger cars across the globe. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=162948952

  4. Safety and security system is estimated to hold the largest market share of this market, by application, due to increased adoption of advanced single and multi-core microcontrollers in an automobile. Factors contributing to the growth of this segment include the mandates related to safety and security features. These include the mandatory installation of ABS in passenger cars from 2018 in India and the regulation regarding the installation of TPMS in commercial vehicles in many countries of the world. By bit-size segmentation, the market for 32-bit microcontrollers is estimated to experience the highest growth during the forecast period. With the advent of the era of electric vehicles, the use of advanced power electronics components has increased. The 32-bit microcontrollers are widely used in all the major advanced applications of electric as well as conventional vehicles. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=162948952

  5. Asia-Pacific: Rapid vehicle electrification in Chinese market is propelling the growth of Asia-Pacific market With the convergence of ICT, automotive, and transportation sectors, the Asia-Pacific region has witnessed a growing demand for technologically advanced cars. This has resulted in the emergence of the advanced vehicle ecosystem. Further, the upcoming safety regulations would increase the installation of automotive safety technologies in passenger cars. The emergence of driving assistance technologies have incentivized the OEMs to opt for efficient microcontrollers to meet the ongoing market requirement. Thus, the increasing use of technology is expected to push the demand for microcontrollers in cars in the Asia-Pacific market. The key players in this market are Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corp. (Japan), and Toshiba Corp. (Japan). Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=162948952

  6. Market Ecosystem: The ecosystem of the automotive microcontrollers market consists of manufacturers such as Toshiba Corp (Japan), Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), ON Semiconductor (U.S.), and Analog Devices Inc. (U.S) and research institutes such as the Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=162948952

  7. Browse >> 97market data tables 77figures 201pagesand in-depth TOC "Automotive Microcontrollers Market by Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), Technology (ACC, Blind Spot Detection, Park Assist, TPMS), Vehicle, EV, Bit Size, Connectivity, and Region - Global Forecast to 2022“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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