Automotive

The automotive industry is set to witness a surge in the demand for microcontrollers, with industry analysts predicting an expansion to reach a whopping $21.21 billion by 2029. This growth will be driven by technological advancements and the booming electric vehicle market. The compounded annual growth rate (CAGR) is estimated to be 8.2%, reflecting the dynamic nature of the industry.

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The impact of COVID-19 lockdowns has had a substantial effect on market leaders, followers, and disruptors across various regions and segments. Insights from the report […]