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Imposition of Legal Safety Mandates in the Automotive Industry is Driving the Microcontrollers Marke

Imposition of Legal Safety Mandates in the Automotive Industry is Driving the Microcontrollers Marke

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.

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Imposition of Legal Safety Mandates in the Automotive Industry is Driving the Microcontrollers Market

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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32-Bit Microcontrollers Segment to Lead Automotive Microcontrollers Market

32-Bit Microcontrollers Segment to Lead Automotive 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.

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