The automotive microcontroller market is experiencing significant growth, driven by the increasing integration of electronics in vehicles. Key drivers include the rise of electric vehicles (EVs) and hybrid electric vehicles (HEVs), which require advanced microcontrollers for battery management, motor control, and other critical functions. Additionally, the increasing demand for advanced driver-assistance systems (ADAS) and autonomous vehicles necessitates powerful microcontrollers for sensor processing, decision-making, and control systems. However, the market faces challenges such as high development costs, stringent quality standards, and supply chain complexities.
The Power Tiller and Weeder Market size was valued at USD 2.95 Billion in 2023 and the total Power Tiller and Weeder Market revenue is expected to grow at a CAGR of 4.07% from 2024 to 2030, reaching nearly USD 3.90 Billion.
EV Onboard Battery Charger Market size was valued at USD 4.4 Bn in 2023 and is expected to reach USD 13.44 Bn by 2030, at a CAGR of 17.3%.
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