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China Automotive Microcontroller Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The technology is shifting toward V2X, which stands for 'vehicle to everything,' where information from sensors travels via high-bandwidth, low-latency, and high-reliability links. China is one of the leading supporters of cellular V2X, and with LTE-based solutions, the government currently plans for intelligent transportation systems (ITS), with spectrum in the 5.9GHz band allocation for C-V2X. By 2025, the strategy initiates that most new vehicles sold will be intelligent vehicles known as the "person-vehicle-road-cloud" model, which will achieve a new generation wireless communication network for vehicles (5G-V2X). This is expected to drive the demand for microcontrollers.

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