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Global Automotive Microcontrollers Market size is predicted to reach $22.9 Billion by 2030, growing at a CAGR of 8.2% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The integration of advanced driver assistance systems (ADAS) and The push towards electric and autonomous vehicles are poised to propel the market growth, finds IndustryARC in its recent report, titled “Automotive Microcontrollers Market – By Bit Size (8-Bit Microcontrollers, 16-Bit Microcontrollers, 32-Bit Microcontrollers, 32-Bit Microcontrollers Fusion Box), By Connectivity (V2V Connectivity, V2I Connectivity, V2C Connectivity), By Technology (Park Assist System, Blind Spot Detection System, ACC, TPMS), By EV (BEV, HEV, PHEV, FCEV), By Vehicle (Passenger Car, Commercial Vehicle), By Application (Powertrain & Chassis, Safety & Security, Body Electronics, Telematics & Infotainment), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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APAC to Register Highest Growth:
APAC to register highest growth in the Automotive Microcontrollers market held with a significant market share of 37% in 2023, driven by increasing vehicle production and technological advancements. Additionally, stringent government regulations regarding vehicle safety and emissions encourage the adoption of advanced microcontroller technologies for efficient vehicle management systems.
Automotive Microcontrollers Market 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
8.2% |
|
Market Size in 2030 |
$22.9 billion |
|
Segments Covered |
By Bit Size, By Connectivity, By Technology, By EV, By Vehicle, By Application |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. Analog Devices, Inc. 2. Infineon Technologies AG 3. Microchip Technology Inc. 4. NXP Semiconductors 5. STMicroelectronics 6. Renesas Electronics Corporation 7. Rohm Semiconductor 8. Texas Instruments Incorporated 9. Toshiba Corporation 10. Silicon Laboratories |
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Automotive Microcontrollers Market Report – Key Takeaways:
By EV, HEV segment is analyzed to grow at a CAGR of 8.5% over the forecast period 2024-2030. According to the International Energy Agency, new electric car registrations in the US reached 1.4 million in 2023, marking a growth of over 40% from 2022. The rise of electric vehicles (EVs) is influencing the HEV market, with consumers increasingly gravitating towards electrified transportation options. HEVs serve as a bridge between conventional gasoline-powered vehicles and fully electric cars, offering a familiar driving experience with the added benefits of electric propulsion. This transition towards electrification is driving the integration of sophisticated microcontrollers in HEVs to manage hybrid powertrains seamlessly and enhance overall vehicle performance and efficiency. As the automotive industry continues to evolve towards electrification, HEVs are poised to play a significant role, driving further innovation and advancements in automotive microcontroller technology.
By Application, Powertrain & Microcontrollers segment dominated the Automotive Microcontrollers market with a market share of 36% in 2023. The United States consumed approximately 8.94 million barrels per day or roughly 376 million gallons per day of finished motor gasoline in 2023, as per U.S. Energy Information Administration. The increasing demand for fuel efficiency and emissions reduction drives the adoption of advanced microcontrollers in powertrain systems. These microcontrollers optimize engine performance, manage fuel injection, and control transmission systems to enhance fuel economy and meet stringent emission standards. Additionally, the growing trend towards electrification in vehicles, including hybrid and electric powertrains, fuels the need for specialized microcontrollers. These microcontrollers play a crucial role in managing battery systems, electric motors, and power distribution in electric vehicles, contributing to improved efficiency and performance.
With the increasing demand for advanced features such as connectivity, security, and autonomous driving capabilities, microcontroller units need to accommodate a wide range of functions while ensuring seamless operation and compatibility. However, integrating these functionalities into a single unit requires meticulous planning, careful allocation of resources, and effective management of power consumption and heat dissipation. Moreover, ensuring reliability, safety, and compliance with industry standards adds another layer of complexity to the design process. Meeting these challenges necessitates robust engineering solutions, innovative design techniques, and thorough testing procedures to deliver high-performance microcontroller units that meet the stringent requirements of the automotive industry.
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Key Opportunity Analysis:
The push towards autonomous vehicles presents a significant opportunity for the automotive microcontrollers market. Autonomous driving technology relies heavily on microcontrollers to manage the various sensors, control systems, and communication modules that facilitate safe and efficient driving. As the industry moves towards higher levels of automation, including fully self-driving cars, the demand for advanced microcontrollers with enhanced processing capabilities and real-time performance will grow. This demand will drive market expansion as manufacturers develop more sophisticated MCUs to support the complex requirements of autonomous systems.
The trend towards electrification, including electric vehicles (EVs) and hybrid vehicles, is creating a substantial growth opportunity for the automotive microcontrollers market. MCUs play a crucial role in managing electric powertrains, battery management systems, and energy efficiency. As automakers invest in EV technologies and work to improve battery life and performance, the need for robust and efficient microcontrollers increases. This shift towards electrification not only expands the market for MCUs but also drives innovation as manufacturers develop new solutions to meet the evolving needs of electric and hybrid vehicles.
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The report also covers the following areas:
Automotive Microcontrollers Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in the Automotive Microcontrollers Market:
The Global Automotive Microcontrollers Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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Automotive LIDAR Market: For the future generation of automated vehicles, LIDAR will be employed as the part of ADAS sensor suite. LIDAR will be integral part of the automakers from full automated i.e. Level 5 to partially automated i.e. Level 1 vehicle.
Automotive Chassis Market: Automakers are introducing hybrid powertrains across various vehicle segments to improve fuel efficiency, reduce emissions, and meet regulatory requirements.
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