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Global Automotive Microcontrollers Market size is estimated to be USD 8.89 billion in 2018 and is projected to grow to USD 13.23 billion by 2023, at a CAGR of 8.29%.
Automated electronic control technologies for automotive systems such as advanced driver assistance systems (ADAS), electronic stability control (ESC), and electronic control unit (ECU) have been evolving year after year. The new trend in the automotive industry is to manufacture vehicles that feature advanced technologies with the optimized weight-cost ratio.
Safety and security system is estimated to hold the largest market share of the automotive microcontrollers market, by application, due to increased adoption of advanced single and multi-core microcontrollers in an automobile. Factors contributing to the growth of this segment include the mandates related to safety and security features. These include the mandatory installation of ABS in passenger cars from 2018 in India and the regulation regarding the installation of TPMS in commercial vehicles in many countries of the world.
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By electric vehicle type, HEV is estimated to hold the largest share of the automotive microcontrollers market during the forecast period. The market growth can be attributed to the high level of production of HEVs during the forecast period. Also, the installation of 32-bit multi core/fusion box microcontrollers is higher in this segment, as compared to IC engine vehicles, because of the complexed power distribution of the vehicle.
Asia-Pacific is estimated to lead the automotive microcontrollers market during the forecast period, followed by North America and Europe. The European market is growing at a steady pace as most of the vehicles are equipped with high-end electronics and safety features. The North American market is experiencing a balanced growth, in terms of value and volume, as the microcontrollers market has gained popularity in the region. The existing vehicles in North America are already equipped with advanced safety features and body electronics, which serve the majority of the market.
Leading Players Of automotive microcontrollers market Are:
Leading Players Of automotive microcontrollers market Are:
The market presents an interesting picture of a large number of big and small players that have become a force to reckon. The key players in this market are Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corp. (Japan), and Toshiba Corp. (Japan).
Global automotive microcontrollers market Segmentation:
Global automotive microcontrollers market Segmentation:
The automotive microcontrollers market, in terms of value, is projected to grow at a CAGR of 8.29% from 2018 to 2023. The market was estimated to be USD 8.41 billion in 2017. In this study, 2017 has been considered the base year, and 2018 to 2023 the forecast period, for estimating the market size of the automotive microcontrollers market. The market report analyzes and forecasts the market size, in terms of volume (million units) and value (USD million), for passenger cars and commercial vehicles. It also forecasts the market size, in terms of volume (thousand units) and value (USD thousand), for electric vehicles. The report segments the automotive microcontrollers market and forecasts its size, by volume and value, based on application type, vehicle type, electric vehicle type, bit size, connectivity, technology, and region. The report provides a detailed analysis of various forces acting in the market including drivers, restraints, opportunities, and challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
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The research methodology used in the report involves various secondary sources such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive microcontrollers market. Both, bottom-up and top-down approaches have been used to estimate and validate the size of the global automotive microcontrollers market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends. The market size, by value, is derived by multiplying the average selling price of automotive microcontrollers by the number of microcontrollers installed in the automobiles of that region.
The scope of the Report:
The scope of the Report:
Automotive Microcontrollers Market, By Application Type
- Powertrain and Chassis
- Body Electronics
- Safety and Security Systems
- Infotainment and Telematics
Automotive Microcontrollers Market, By Electric vehicle type
- BEV
- HEV
- PHEV
- FCEV
Automotive Microcontrollers Market, By Vehicle Type
- Passenger Cars (PC)
- Commercial Vehicles (CV)
Automotive Microcontrollers Market, By Bit Size
- 8-bit Microcontrollers
- 16-Bit Microcontrollers
- 32-Bit Microcontrollers
Automotive Microcontrollers Market, By Technology
- Adaptive Cruise Control
- Park Assist System
- Blind Spot Detection
- Tire Pressure Monitoring System
Automotive Microcontrollers Market, By Connectivity
- Vehicle to Vehicle (V2V) Connectivity
- Vehicle to Infrastructure (V2I) Connectivity
- Vehicle to Cloud (V2C) Connectivity
Automotive Microcontrollers Market, By Region
- Asia-Pacific
- Europe
- North America
- Rest of the World
The regional scope of Automotive Microcontrollers Market:
The regional scope of Automotive Microcontrollers Market:
Asia-Pacific: Rapid vehicle electrification in Chinese market is propelling the growth of Asia-Pacific market
With the convergence of ICT, automotive, and transportation sectors, the Asia-Pacific region has witnessed a growing demand for technologically advanced cars. This has resulted in the emergence of the advanced vehicle ecosystem. Further, the upcoming safety regulations would increase the installation of automotive safety technologies in passenger cars. The emergence of driving assistance technologies have incentivized the OEMs to opt for efficient microcontrollers to meet the ongoing market requirement. Thus, the increasing use of technology is expected to push the demand for microcontrollers in cars in the Asia-Pacific market.
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