The Automotive Microcontrollers Market Is Expected To Grow At An 8% Rate, Driven By Rising Demand For Electric Vehicles

LONDON, Sept. 7, 2022 /PRNewswire/ -- Rising demand for electric vehicles (EV) is driving the growth of the automotive microcontrollers market during the forecast period. The use of different types of microcontrollers to handle different operations like processing needs, automobiles, electrical systems, and applications has increased rapidly. Automotive microcontrollers are integrated with smart-power and battery-management devices in EVs for efficient vehicle electrification. For example, in August 2022, according to ZD NET, a UK-based business technology news website, China has the largest and fastest-growing EV market in the world. 2.4 million EVs were delivered to customers in mainland China in H1 2022, equating to 26% of all car sales in China. In the first half of 2021, electric cars made up only 10% of China's car sales. The demand doubled in one year.