At A CAGR of over 13%, Automotive Microcontrollers Market is projected to reach USD 1,889.11 Million by 2024
Global Automotive Microcontrollers Market is projected to reach USD 1,889.11 Million by 2024, at a CAGR of over 13%. The automatic automobile devices make use of the automotive microcontrollers which includes the remote-control system, automobile air bag system, operating system and automobile audio system. Based on application, the market has been categorised into Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security. The Safety and security system is estimated to hold the largest market share of this market during the forecast period due to mandates related to safety and security features. Based on bit size, the market has been segmented into 8-Bit, 16-Bit and 32-Bit. The 32-bit microcontrollers are projected to experience the highest growth during the forecast period since these are widely used in all major advanced applications of electric as well as conventional vehicles. The global automotive microcontrollers market is dominated by ...