Automotive Electronic Throttle Control System

Automotive Electronic Throttle Control System Market Outlook

The global Automotive Electronic Throttle Control System market is projected to reach approximately USD 13 billion by 2033, exhibiting a robust compound annual growth rate (CAGR) of around 8% from 2025 to 2033. This growth is driven by the increasing adoption of advanced automotive technologies, the rise in vehicle electrification, and stringent government regulations aimed at improving fuel efficiency and reducing emissions. Additionally, the demand for enhanced vehicle performance, safety, and comfort features has led to the widespread integration of electronic throttle control systems across various vehicle types. The growing trend towards autonomous driving and connected vehicles further stimulates market growth, as these technologies rely on sophisticated electronic control systems to ensure optimal performance and safety.

Growth Factor of the Market

The growth factors for the Automotive Electronic Throttle Control System market are multifaceted, encompassing technological advancements, regulatory pressures, and evolving consumer preferences. One of the primary drivers is the shift towards electric and hybrid vehicles, which necessitate efficient throttle control systems to optimize power output and energy consumption. Additionally, the rising awareness regarding vehicle emissions and fuel efficiency has prompted manufacturers to innovate and integrate advanced electronic throttle systems in their designs, aligning with stringent environmental regulations. The increasing demand for enhanced driving experiences, including smoother acceleration and improved handling, also fuels the need for sophisticated throttle control technologies. Furthermore, the expansion of the automotive sector in emerging markets presents new opportunities for growth and innovation in throttle control systems. As the automotive landscape continues to evolve, manufacturers are expected to invest in research and development, thus driving the market forward.

Key Highlights of the Market

• The market is expected to grow significantly due to rising electric vehicle adoption.
• Technological advancements in electronic throttle systems are enhancing performance and efficiency.
• Stringent regulations on emissions are driving manufacturers to innovate.
• North America holds a substantial share of the market, driven by OEM investments.
• The competitive landscape is increasingly focused on collaboration and partnerships among key players.

By Product Type

Drive-by-Wire System:

The Drive-by-Wire System is a pivotal component in the Automotive Electronic Throttle Control System market, offering a transition from traditional mechanical linkages to electronic controls. This system utilizes sensors to detect the driver's intention through pedal movements and transmits these signals electronically to the throttle actuator. This enhances precision and responsiveness in throttle control, resulting in improved fuel efficiency and driving comfort. The growth in demand for advanced driver assistance systems (ADAS) and autonomous vehicles is propelling the adoption of Drive-by-Wire technology, as it allows for seamless integration with multiple electronic systems in the vehicle. Moreover, manufacturers are increasingly focusing on developing more reliable and fail-safe drive-by-wire systems to address safety concerns, thereby further driving market growth.

Electronic Throttle Body:

The Electronic Throttle Body (ETB) is crucial for regulating air intake in internal combustion engines. It enhances engine performance, improves fuel efficiency, and minimizes emissions by precisely controlling the airflow. The increasing trend of downsizing engines to improve fuel economy has spurred the demand for ETBs, as they allow for greater control over engine parameters. Additionally, advancements in ETB design, such as integrating sensors and control algorithms, are enhancing the responsiveness and reliability of these systems. As OEMs seek to meet stringent emission regulations and consumer demand for higher performance, the market for Electronic Throttle Bodies is expected to witness significant growth in the coming years.

Throttle Position Sensor:

The Throttle Position Sensor (TPS) plays a vital role in monitoring the position of the throttle plate in the engine. By providing critical feedback to the engine control unit (ECU), the TPS ensures optimal air-fuel mixture and enhances overall engine performance. As the automotive industry moves towards more complex engine management systems, the importance of accurate and reliable throttle position sensing has grown. This trend is further accelerated by the rising demand for fuel-efficient engines and the integration of advanced technologies, such as turbocharging and direct fuel injection. Consequently, the TPS segment is poised for growth as manufacturers continue to innovate and improve sensor technologies.

Throttle Control Module:

The Throttle Control Module (TCM) is essential for the effective functioning of electronic throttle control systems. It processes signals from various sensors, including the accelerator pedal position sensor and throttle position sensor, to adjust the throttle opening accordingly. With the increasing complexity of vehicle electronic systems, the demand for high-performance TCMs is on the rise. Additionally, the move towards electric and hybrid vehicles necessitates advanced throttle control modules to optimize performance and energy efficiency. As automotive manufacturers strive to enhance vehicle responsiveness and reduce emissions, the TCM segment is expected to see considerable growth as part of the broader push towards more sophisticated electronic control systems.

Throttle Control Unit:

The Throttle Control Unit (TCU) is an integral part of the electronic throttle control system, responsible for executing commands from the engine control unit (ECU) to the throttle body. It is designed to ensure precise control over the air intake, contributing to better fuel efficiency and lower emissions. The rising demand for improved engine performance and the increasing focus on reducing vehicular emissions are driving the demand for advanced TCU technologies. Moreover, manufacturers are investing in innovative designs and materials to enhance the durability and reliability of throttle control units. As the automotive industry continues to evolve towards greater electrification and automation, the TCU segment is expected to witness significant advancements and market growth.

By Application

Passenger Cars:

The application of electronic throttle control systems in passenger cars represents a substantial portion of the market. As consumer preferences shift towards vehicles that offer advanced features, enhanced performance, and greater fuel efficiency, automakers are increasingly incorporating electronic throttle systems into their designs. This technology not only improves driving dynamics but also contributes to meeting stringent emissions standards. Additionally, as the trend towards electric and hybrid vehicles accelerates, the demand for sophisticated throttle control systems in passenger cars is expected to grow, driven by the need for optimal performance and energy management.

Commercial Vehicles:

The commercial vehicles segment is increasingly adopting electronic throttle control systems to improve operational efficiency and reduce emissions. These vehicles, which often operate under varied load conditions, benefit from the enhanced responsiveness and precision that electronic throttle systems provide. The growing focus on fuel economy and environmental regulations is pushing fleet operators to invest in modernized vehicles equipped with advanced throttle control technology. Furthermore, the trend towards telematics and connectivity in commercial vehicles is expected to boost the demand for electronic throttle systems, as these technologies enable better monitoring and management of vehicle performance.

Electric Vehicles:

The electric vehicle (EV) market is rapidly expanding, and electronic throttle control systems are a critical component in optimizing the performance of these vehicles. EVs require precise control over their electric motors, and electronic throttle systems facilitate this by managing the power delivery based on driver inputs. The increasing adoption of electric vehicles is driving innovation in throttle control technologies, with manufacturers focusing on developing systems that enhance acceleration response and energy efficiency. As consumer interest in sustainable transportation continues to rise, the demand for electronic throttle control systems in electric vehicles is expected to witness significant growth in the coming years.

Off-Highway Vehicles:

Off-highway vehicles, including agricultural and construction machinery, are increasingly incorporating electronic throttle control systems to improve performance and compliance with emissions regulations. These vehicles often operate in demanding environments where precise control over power output is essential. By utilizing electronic throttle systems, manufacturers can enhance the efficiency and responsiveness of off-highway equipment, leading to improved productivity and reduced operational costs. As the market for off-highway vehicles grows, driven by infrastructure development and agricultural advancements, the adoption of electronic throttle control systems is anticipated to rise significantly.

Two-Wheelers:

The electronic throttle control system segment for two-wheelers is gaining momentum, particularly with the rise of high-performance bikes and electric scooters. As consumers seek better fuel efficiency, performance, and safety features, manufacturers are increasingly integrating electronic throttle systems into their designs. This technology allows for smoother acceleration and improved handling, which are critical factors for riders. Moreover, the growing popularity of electric scooters and motorcycles, driven by urbanization and a shift towards zero-emission transportation, is expected to further boost the demand for electronic throttle control systems in the two-wheeler segment.

By Distribution Channel

OEMs:

The OEM (Original Equipment Manufacturer) distribution channel plays a significant role in the Automotive Electronic Throttle Control System market, as it encompasses the manufacturers that produce vehicles equipped with electronic throttle systems. OEMs are at the forefront of technological innovations and are continuously working to enhance engine performance and fuel efficiency through electronic throttle control. As the automotive industry increasingly focuses on sustainability and emissions reduction, OEMs are investing in advanced electronic throttle systems to meet regulatory demands and consumer expectations. This segment is expected to see substantial growth as more vehicles are designed with integrated electronic throttle control capabilities.

Aftermarket:

The aftermarket segment of the Automotive Electronic Throttle Control System market is also experiencing growth, driven by the increasing need for vehicle upgrades and maintenance. As vehicle owners seek to enhance performance and efficiency, the demand for aftermarket throttle control systems is rising. This segment includes replacement components, performance upgrades, and retrofitting of existing vehicles with advanced throttle control technologies. Moreover, the growing trend of vehicle customization and the rise of online sales channels are further boosting the aftermarket segment. As consumers become more aware of the benefits of electronic throttle systems, the aftermarket is expected to expand significantly in the coming years.

By Technology

Single Sensor:

The single sensor technology in electronic throttle control systems is prevalent due to its simplicity and cost-effectiveness. This technology employs one sensor to monitor the position of the throttle plate and relay information to the engine control unit (ECU). While single sensor systems are widely adopted, they come with certain limitations in terms of redundancy and reliability. However, advancements in sensor technology are improving the performance and durability of single sensor systems, making them an attractive option for various vehicle types. As manufacturers look for cost-efficient solutions, the single sensor segment is expected to hold a significant share of the market.

Dual Sensor:

Dual sensor technology in electronic throttle control systems provides enhanced reliability and safety by using two sensors to monitor throttle position. This redundancy ensures that if one sensor fails, the other can still provide accurate feedback to the ECU, enhancing overall system safety. The increasing focus on vehicle safety and performance is driving the adoption of dual sensor systems, particularly in high-end and performance vehicles. As automakers continue to prioritize safety features and comply with strict regulations, the dual sensor segment is expected to witness significant growth in the electronic throttle control market.

Drive-by-Wire:

The drive-by-wire technology has revolutionized electronic throttle control systems by eliminating mechanical linkages and utilizing electronic signals to control throttle position. This technology enhances responsiveness and precision in throttle control, leading to improved vehicle performance and driver experience. The growing demand for advanced driver assistance systems (ADAS) and increased vehicle automation is propelling the adoption of drive-by-wire systems. As automakers seek to develop more sophisticated vehicles that offer seamless integration with electronic control systems, the drive-by-wire segment is poised for substantial growth in the coming years.

By Vehicle Type

Internal Combustion Engine Vehicles:

Internal Combustion Engine (ICE) vehicles remain a significant segment of the Automotive Electronic Throttle Control System market. As traditional vehicles continue to dominate the automotive landscape, manufacturers are focusing on enhancing engine performance and efficiency through advanced electronic throttle control systems. The integration of electronic throttle systems allows for better control of air-fuel mixtures, leading to improved fuel efficiency and reduced emissions. With the increasing implementation of regulatory standards for emissions and fuel economy, the demand for electronic throttle control systems in ICE vehicles is expected to remain strong.

Electric Vehicles:

The electric vehicle segment is rapidly gaining traction, driven by the global shift towards sustainable transportation solutions. Electronic throttle control systems are crucial in EVs, as they facilitate precise control over electric motors, ensuring optimal performance and energy management. As battery technology advances and charging infrastructure improves, more consumers are opting for electric vehicles, thereby driving the demand for sophisticated throttle control systems. The growing focus on enhancing the driving experience in EVs, coupled with government initiatives promoting electric mobility, is expected to propel the electronic throttle control system market within this segment significantly.

By Region

The Automotive Electronic Throttle Control System market exhibits a diverse landscape across various regions, with North America holding a prominent share due to its advanced automotive manufacturing sector and high demand for innovative technologies. The region is projected to reach USD 4 billion by 2033, representing a CAGR of approximately 7.5% during the forecast period. The presence of major automotive manufacturers and increasing investments in research and development are driving the market growth in North America. Meanwhile, the Asia Pacific region is also experiencing significant expansion driven by rapid industrialization, rising disposable incomes, and a growing middle-class population. With an estimated market share of around 35% in 2025, Asia Pacific's demand for electronic throttle control systems is expected to surge as more consumers opt for modern vehicles equipped with advanced features.

Europe is another key region contributing to the growth of the Automotive Electronic Throttle Control System market, attributed to stringent emission regulations and a strong push for vehicle electrification. The European market is projected to grow steadily, with a focus on sustainable automotive solutions and enhanced vehicle performance. Additionally, Latin America and the Middle East & Africa are emerging markets where increasing vehicle production and a growing awareness of advanced vehicle technologies are anticipated to drive demand for electronic throttle control systems. Collectively, these regions are expected to present lucrative opportunities for manufacturers and suppliers in the coming years.

Opportunities

The Automotive Electronic Throttle Control System market presents numerous opportunities, particularly in the realm of technological advancements and the shift towards sustainable transportation. As manufacturers focus on enhancing vehicle performance through electronic systems, there is significant potential for innovation in throttle control technologies. Companies can explore opportunities to develop intelligent throttle control systems that are integrated with advanced driver assistance systems (ADAS) and connected vehicle technologies. This integration can enhance overall vehicle safety and performance while providing real-time data analytics for improved driving experiences. Moreover, the growing demand for electric and hybrid vehicles opens avenues for manufacturers to create specialized electronic throttle systems tailored to the unique requirements of these vehicles.

Additionally, the expansion of emerging markets offers promising prospects for growth in the Automotive Electronic Throttle Control System market. As countries in Asia Pacific, Latin America, and Africa continue to develop their automotive sectors, the demand for modern vehicles equipped with advanced technologies is expected to rise. Manufacturers can capitalize on this opportunity by establishing partnerships and collaborations with local automotive companies to enhance their market presence. Furthermore, investing in research and development initiatives to create cost-effective and innovative electronic throttle solutions can help companies gain a competitive edge in these burgeoning markets.

Threats

While the Automotive Electronic Throttle Control System market is poised for significant growth, it also faces several threats that could impact its trajectory. One of the primary threats is the rapid pace of technological change in the automotive industry. As new technologies emerge, existing electronic throttle control systems may quickly become obsolete, leading to increased competition and pressure on manufacturers to continually innovate. Additionally, the evolving regulatory landscape, particularly concerning emissions and fuel economy, poses challenges for manufacturers to meet compliance standards while balancing cost concerns and performance requirements. Such pressures could lead to supply chain disruptions and increased production costs, affecting profit margins and market competitiveness.

Another threat to the market is the growing concern regarding cybersecurity in interconnected vehicles. As cars become more connected and reliant on electronic systems, the risk of cyberattacks increases, potentially compromising vehicle safety and performance. Manufacturers must invest in robust security measures to protect their electronic throttle control systems from potential threats, which could result in additional costs and resource allocation. Furthermore, the volatility of raw material prices and supply chain vulnerabilities could pose risks to the production and availability of electronic components, impacting the overall growth of the Automotive Electronic Throttle Control System market.

Competitor Outlook

• Continental AG
• Bosch Group
• Denso Corporation
• Delphi Technologies
• Hitachi, Ltd.
• Magneti Marelli S.p.A.
• Thyssenkrupp AG
• Valeo SA
• Wabco Holdings Inc.
• Texas Instruments Inc.
• Infineon Technologies AG
• Johnson Controls International plc
• Microchip Technology Inc.
• Aptiv PLC
• STMicroelectronics N.V.

The competitive landscape of the Automotive Electronic Throttle Control System market is characterized by the presence of several key players who are actively engaged in developing advanced throttle control technologies. These companies are investing heavily in research and development to innovate and enhance their product offerings while simultaneously seeking strategic partnerships and collaborations to expand their market reach. The emphasis on safety, performance, and connectivity is driving competition among these players, as they strive to meet the evolving demands of consumers and regulatory standards. Moreover, the trend towards electric and connected vehicles is prompting many manufacturers to diversify their portfolios and invest in new technologies, further intensifying competition in the industry.

Among the leading competitors, Continental AG stands out as a prominent player, renowned for its advanced automotive technologies and extensive portfolio of electronic throttle systems. The company is committed to delivering innovative solutions that enhance vehicle safety and performance while focusing on sustainability and efficiency. Bosch Group, another major player, is recognized for its cutting-edge technologies and comprehensive approach to electronic throttle control systems, catering to a diverse range of applications in both conventional and electric vehicles. Denso Corporation also plays a crucial role in the market, leveraging its expertise in automotive components to develop high-performance throttle control solutions that meet the increasing demands of the automotive industry.

In addition to these leading companies, emerging players such as Infineon Technologies and Texas Instruments are gaining traction in the Automotive Electronic Throttle Control System market. These companies are leveraging their advanced semiconductor technologies to develop innovative electronic components that enhance the performance and reliability of throttle control systems. As the automotive landscape continues to evolve, the competitive dynamics of the market will undoubtedly change, with established players and new entrants vying for leadership positions and market share in this rapidly growing industry.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Valeo SA
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Aptiv PLC
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Bosch Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Hitachi, Ltd.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Continental AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Thyssenkrupp AG
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Denso Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Delphi Technologies
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Wabco Holdings Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Magneti Marelli S.p.A.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Texas Instruments Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 STMicroelectronics N.V.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Infineon Technologies AG
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Microchip Technology Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Johnson Controls International plc
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive Electronic Throttle Control System Market, By Technology
    • 6.1.1 Single Sensor
    • 6.1.2 Dual Sensor
    • 6.1.3 Drive-by-Wire
  • 6.2 Automotive Electronic Throttle Control System Market, By Application
    • 6.2.1 Passenger Cars
    • 6.2.2 Commercial Vehicles
    • 6.2.3 Electric Vehicles
    • 6.2.4 Off-Highway Vehicles
    • 6.2.5 Two-Wheelers
  • 6.3 Automotive Electronic Throttle Control System Market, By Product Type
    • 6.3.1 Drive-by-Wire System
    • 6.3.2 Electronic Throttle Body
    • 6.3.3 Throttle Position Sensor
    • 6.3.4 Throttle Control Module
    • 6.3.5 Throttle Control Unit
  • 6.4 Automotive Electronic Throttle Control System Market, By Vehicle Type
    • 6.4.1 Internal Combustion Engine Vehicles
    • 6.4.2 Electric Vehicles

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Automotive Electronic Throttle Control System Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automotive Electronic Throttle Control System market is categorized based on

By Product Type

• Drive-by-Wire System
• Electronic Throttle Body
• Throttle Position Sensor
• Throttle Control Module
• Throttle Control Unit

By Application

• Passenger Cars
• Commercial Vehicles
• Electric Vehicles
• Off-Highway Vehicles
• Two-Wheelers

By Technology

• Single Sensor
• Dual Sensor
• Drive-by-Wire

By Vehicle Type

• Internal Combustion Engine Vehicles
• Electric Vehicles

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Continental AG
• Bosch Group
• Denso Corporation
• Delphi Technologies
• Hitachi, Ltd.
• Magneti Marelli S.p.A.
• Thyssenkrupp AG
• Valeo SA
• Wabco Holdings Inc.
• Texas Instruments Inc.
• Infineon Technologies AG
• Johnson Controls International plc
• Microchip Technology Inc.
• Aptiv PLC
• STMicroelectronics N.V.