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Global Automotive Microcontrollers Market Size was valued at USD 12.5 Billion in 2022. The Automotive Microcontrollers market industry is projected to grow from USD 13.7 Billion in 2023 to USD 24.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.30% during the forecast period (2023 - 2032). Automotive technology is evolving quickly, and there is a big demand for safety features, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
According to the World Health Organization (WHO), road accidents claim the lives of 1.3 million people annually and cost the GDP of the majority of countries by roughly 3%. Furthermore, Safe International Road Travel estimates that over 46,000 people die on American roadways each year. In the United States, there are 12.4 traffic fatalities for every 100,000 persons. Another 4.4 million people experience wounds serious enough to require medical care. The leading cause of death in America for those aged 1 to 54 is motor vehicle accidents. Additionally, the United States has the greatest rate of fatal road accidents of any high-income country—about 50% higher—when compared to comparable countries in Western Europe, Canada, Australia, and Japan.
According to the National Safety Council, ADAS technologies might prevent 20,841 fatalities per year, or nearly 62% of all traffic fatalities. The evolution of advanced driver assistance systems (ADAS) has changed how designers utilize, specify, and produce microcontrollers (MCUs). It is projected that the market under research would offer a variety of opportunities for technological improvements, partnerships, and innovation due to the complex and growing nature of ADAS. Thus, driving the Automotive Microcontrollers market revenue.
The global Automotive Microcontrollers market segmentation, based on Application includes powertrain & chassis, safety & security, body electronics, and telematics & infotainment. The powertrain & chassis segment was the highest contributor to the market. Microcontrollers are employed in more applications to enhance the performance of the vehicle's powertrain and chassis. Automotive microcontrollers are being employed more and more in automobiles' powertrains and chassis as a result of their potential to reduce fuel consumption. They also enable the use of several additional auto features, such as an enhanced driving system, which helps the market grow.
The global Automotive Microcontrollers market segmentation, based on Technology, includes park assist system, blind spot detection system, adaptive cruise control, and tire pressure monitoring system. Adaptive cruise control held the majority of the market share. A car with adaptive cruise control may adjust its speed on its own based on how the car in front of it is driving. With regard to highways in particular, it helps maintain speed or traction. Many nations have mandated the inclusion of such technologies in cars as standard equipment in an effort to reduce crashes. These systems use radar or laser sensor technology to detect obstructions, allowing vehicles to adjust their speed in response to their surroundings.
The global Automotive Microcontrollers market segmentation, based on Vehicle Type, includes passenger ICE vehicle, commercial IVE vehicle, and electric vehicle. The market's largest contributor was the passenger ICE car sector. The maximum number of passengers that can fit in an ICE vehicle for passenger transportation is nine (including the driver). The largest segment of any kind of vehicle is a passenger automobile. Due to its high passenger sales compared to other automobiles, it contributes significantly financially to the global automotive industry. The passenger vehicle category is predicted to expand the fastest in the market due to its critical position in the transportation industry and the growing demand for better, more efficient vehicles equipped with cutting-edge components.
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Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. North America held a significant automotive microcontroller market share in 2022 (45.8%). Major players are primarily focused on the advancement of technology that will be implemented into future automobiles. For instance, in July 2021 Texas Instruments unveiled a new range of high-performance microcontrollers that support real-time networking, analytics, and control applications and energize the local market. Further, In the North American area, the U.S. Automotive Microcontrollers market had the biggest market share, while the Canada Automotive Microcontrollers market had the quickest rate of expansion.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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In 2022, a considerable market share belonged to Europe. The adoption of legislation and regulations for autonomous vehicle use is being prioritized by several European countries, which is accelerating the market's growth. The growth of the local market, according to European companies, is largely due to the development of new microcontrollers. Further, In the European region, the German Automotive Microcontrollers market had the biggest market share, and the U.K. Automotive Microcontrollers market had the quickest rate of growth.
The industry's fastest-growing region is Asia Pacific, which will hold the highest market share in 2022. Top market players in the area are focusing on developing and implementing body electronics with cutting-edge technologies and solutions that require the integration of microcontrollers. Renesas Electronics Corporation unveiled its newest line of microcontrollers, using a 28nm process technology, to be utilized in autos. These MCUs offer a 16MB internal flash memory as well as improved security and functional safety measures. Moreover, In the Asia-Pacific region, the Indian Automotive Microcontrollers market had the quickest rate of growth while China's Automotive Microcontrollers market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Automotive Microcontrollers market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Automotive Microcontrollers sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Aerospace Foam industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Automotive Microcontrollers sector. Major players in the Automotive Microcontrollers market, including Cypress Semiconductor Corporation, Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductor N.V., On Semiconductor, Renesas Electronic Corporation, STMicroelectronics, Texas Instrument Incorporated, Toshiba Corporation, and ROHM Semiconductors, are attempting to increase market demand by investing in research and development operations.
Offering semiconductor solutions is Infineon Technologies AG (Infineon). The business creates, develops, produces, and markets application-specific integrated circuits (ICs), automotive system ICs, diodes, evaluation boards, and products that guard against electrostatic discharge and electromagnetic interference through its subsidiaries. It offers transistor devices, security ICs, smart card ICs, radio frequency and wireless controls, sensors, interfaces, and micro controllers. Products from the firm are utilized in IoT applications for sensing, industrial power control, power management, consumer electronics, computing, and data storage, as well as switches and routers. Asia Pacific, Europe, the Middle East, Africa, and the Americas are all areas where it conducts business. The headquarters of Infineon are in Neubiberg, Bayern, Germany. The launch of the first samples of the new AURIX TC4x family of 28nm microcontrollers for next-generation eMobility, ADAS, automotive E/E architectures, and reasonably priced artificial intelligence (AI) applications was announced by Infineon Technologies in January 2022.
Integrated circuit (IC) and wafer product research, development, design, manufacturing, and distribution are the main activities of Taiwan-based Nuvoton Technology Corporation. The company offers standard integrated circuits (ICs), such as micro controllers (MCUs), which are used in touch screens, home security, air conditioning, motor control, instruments, universal serial bus (USB) devices, wireless audio transmission, information electronics, industrial electronics, and automobile electronics, among other things. It also offers audio ICs, which are used in toys, automobile audio products, medical products, and industrial broadcasting devices, among other things. The company also offers logic, mixed mode, flat cell, flash, and high voltage wafer processes as part of its wafer foundry services. A new line of Arm Cortex-M0 NUC131U 32-bit microcontrollers for automotive applications was introduced by Nuvoton Technology Corporation in April 2021. These devices run at up to 50 MHz, are AEC-Q100 Grade 2 certified, and include a built-in Controller Area Network (CAN) 2.0 B interface.
· Cypress Semiconductor Corporation
· Infineon Technologies AG
· Microchip Technology Inc.
· NXP Semiconductor N.V.
· On Semiconductor
· Renesas Electronic Corporation
· STMicroelectronics
· Texas Instrument Incorporated
· Toshiba Corporation
· ROHM Semiconductors
April 2022 - BYD Semiconductor, a car manufacturer that also makes batteries and chips, has introduced its new BS9000AMXX line of 8-bit MCU processors for automobiles. It employs a S8051 core with a primary frequency of up to 24MHZ and is a general-purpose MCU. The chip offers up to 24 channels of 12-bit resolution ADC, 26 I/O, and BLDC motor control. It incorporates a TSSOP28 and QFN20 package-based high-reliability capacitive detecting keypad module.
May 2021 - The first MCU for automobiles in Korea was released by Samsung Foundry. A Korean semiconductor design company called Telechips created the 32nm MCU, and Samsung Electronics started pilot manufacturing of the device in April 2021.
· Powertrain & Chassis
· Safety & Security
· Body Electronics
· Telematics & Infotainment
· Park Assist System
· Blind Spot Detection System
· Adaptive Cruise Control
· Tire Pressure Monitoring System
· Passenger ICE Vehicle
· Commercial IVE Vehicle
· Electric Vehicle
· North America
- U.S.
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 12.5 Billion |
|
Market Size 2023 |
USD 13.7 Billion |
|
Market Size 2032 |
USD 24.5 Billion |
|
Compound Annual Growth Rate (CAGR) |
8.30% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Application, Technology, Vehicle Type, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Cypress Semiconductor Corporation, Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductor N.V., On Semiconductor, Renesas Electronic Corporation, STMicroelectronics, Texas Instrument Incorporated, Toshiba Corporation, and ROHM Semiconductors |
|
Key Market Opportunities |
Surging demand for hybrid and electric vehicles |
|
Key Market Dynamics |
Rapid developments in the automotive industry and high demand for safety features |
The global Automotive Microcontrollers Market was valued at USD 12.5 billion in 2022, and it is estimated to reach USD 24.5 billion by 2032.
The global market is projected to grow at a CAGR of 8.30% during the forecast period, 2023-2032.
North America had the largest share in the global market,
The key players in the market are Cypress Semiconductor Corporation, Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductor N.V., On Semiconductor, Renesas Electronic Corporation, STMicroelectronics, Texas Instrument Incorporated, Toshiba Corporation, and ROHM Semiconductors
The Powertrain & Chassis Automotive Microcontrollers category dominated the market in 2022.
The Adaptive Cruise Control Technology had the largest share in the global market.
Report Code :
RL65110
Published on :
Aug 2023
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