Automotive Microcontroller Market Is Expected To Reach $9.9 Billion By 2028- An Exclusive Market Research Report By Lucintel

By Author: Lucintel LLC
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Lucintel's latest market report analyzed that automotive microcontroller provides attractive opportunities in the body electronic, chassis & powertrain, infotainment & telematic, and safety & security segment applications. The automotive microcontroller market is expected to reach $9.9 billion by 2028 with a CAGR of 7.2%. In this market, 32-bit microcontroller is the largest segment by bit size, whereas hybrid electric vehicles (HEV) is largest by electric vehicle.
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Based on bit size, the automotive microcontroller market is segmented into 8-bit microcontrollers, 16-bit microcontrollers, and 32-bit microcontrollers. The 32-bit microcontrollers segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing usage of this microcontroller in all the major applications of vehicles, like gearbox and central control units.
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The Automotive Microcontroller Market is marked by the presence of several big and small players. Some of the prominent players offering automotive microcontroller include Toshiba, Infineon, NXP Semiconductors, ON Semiconductor, and Analog Devices.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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