Automotive is Expected to Hold a Significant Share
In the automotive sector, a digital potentiometer is used in the engine control unit, actuator control, actuator controls, instrumentation controls, and navigation/entertainment display adjustments. The automotive industry has grown significantly in the past years, aided by the growth in unit volumes and the emergence of high innovation companies. According to Scotiabank, the automotive sector expects to sell around 77 million automobiles by the end of 2019. Owing to the increasing purchase of cars across the world, the demand for digital potentiometer is likely to increase over the forecast period.
Along with the factors above, increasing adoption of electric vehicles is also favoring the market growth. An electric car comprises of a motor that needs a controller and battery pack to run. The controller shifts electrical power in pulses from the batteries to the motor. The amount of power to transfer is directed to the controller b