The global Microcontroller for Automotive market size is projected to reach USD 12.03 billion by 2029

The use of various microcontrollers is increasing in automobile's electronics along with the rest of the electronic control units. Basically, different types of microcontrollers used in automobiles are AVR microcontroller, 8051 microcontroller, PIC microcontroller, etc.

Automotive microcontrollers are integrated chips, which enable control over the automobile functioning. Compact microcontrollers comprising least component designs are integrated into automobiles for performing activities that need functionalities such as monitoring and controlling.

According to the new market research report “Global Microcontroller for Automotive Market Report 2023-2029”, published by GlobalInfoResearch, the global Microcontroller for Automotive market size is projected to reach USD 12.03 billion by 2029, at a CAGR of 7.3% during the forecast period.

• Global Microcontroller for Automotive MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Microcontroller for Automotive Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029.

• Global Microcontroller for Automotive Top10Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Microcontroller for Automotive Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029.

The global key manufacturers of Microcontroller for Automotive include NXP Semiconductors, Renesas Electronics, Microchip Technology, Infineon Technologies, STMicroelectronics, Texas Instruments, Cypress Semiconductors, Analog Devices, Silicon Laboratories, Toshiba, etc. In 2021, the global top five players had a share approximately 84.0% in terms of revenue.

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