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The automotive microcontrollers market is going through significant changes because of administrative tensions, innovative turns of events, and industry patterns. The raising requirement for these basic parts is pushed by the joining of electronic frameworks and the multifaceted nature of car applications, explicitly in electric and independent vehicles. This change requires progressed microcontrollers to play out various capabilities. The advancement desire of the car business is expanding interest for capable and strong microcontrollers. The rising joining of telematics, infotainment frameworks, and in-vehicle correspondence into vehicles has created an elevated interest for elite execution microcontrollers. Subsequently, regular models of these processors are being supplanted with further developed cycles that have improved functionalities. Microcontroller market elements are impacted by the worldwide auto industry, as makers change their procedures to suit the necessities of both laid out and developing business sectors. The foundation of refined highlights and financially savvy arrangements is dependent upon reasonableness. For wellbeing and outflow consistence, administrative structures and industry norms are convincing makers to incorporate electronic parts like microcontrollers, while the interest for cutting edge answers for independent driving advances stays prevailing. With an end goal to streamline applications, foster altered arrangements, and facilitate microcontroller incorporation into vehicle plans, car producers and microcontroller providers are laying out additional incessant organizations. This pattern is supposed to add to the development of the auto microcontrollers market. As vehicles become progressively interconnected, the automotive microcontrollers market is being affected by the extending online protection climate, which raises worries about framework weakness. Producers are presently committed to major areas of strength for coordinate highlights to defend vehicle capabilities and information, which has incited an accentuation on secure arrangements. The Automotive Microcontrollers Market displays many-sided and multi-layered elements, which are moulded by a juncture of innovative headways, industry-explicit patterns, administrative impacts, and cooperative drives. The development of independent and electric vehicles, the interest for upgraded proficiency and execution, adherence to guidelines, arrangement of key unions, and network protection concerns all in all add to the advancing space of automotive microcontrollers. The car business' continuous quest for development will definitely bring about a dynamic and versatile microcontroller market that stays receptive to the changing necessities of the auto environment.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Application, Technology, Vehicle Type, and Region |
Automotive Microcontrollers Market Highlights:
Automotive Microcontrollers Market Overview
Automotive Microcontrollers Market Size was valued at USD 12.2 Billion in 2022. The Global Automotive Microcontrollers market is projected to grow from USD 13.2 Billion in 2023 to USD 24.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). Rapid developments in the automotive industry and high demand for safety features are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Microcontrollers Market Trends
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Surging demand for ADAS is driving the market growth
The World Health Organization (WHO) estimates that 1.3 million people die each year as a result of traffic accidents, which cost the majority of nations about 3% of their GDP. Furthermore, over 46,000 people perish on American roads each year, according to Safe International Road Travel. There are 12.4 road fatalities for every 100,000 people in the United States. Another 4.4 million people suffer injuries severe enough to need medical attention. For Americans aged 1 to 54, traffic accidents are the number one killer. Additionally, compared to comparable nations in Western Europe, Canada, Australia, and Japan, the U.S. has the highest rate of fatal traffic accidents of any high-income nation—about 50% higher.
The National Safety Council estimates that ADAS technologies might avert 20,841 fatalities annually, or almost 62% of all traffic fatalities. Microcontrollers (MCUs) are being used, specified, and manufactured differently by designers as a result of the development of advanced driver assistance systems (ADAS). The complex and developing nature of ADAS is anticipated to present numerous chances for technological advancements, partnerships, and innovation in the market under study. Thus, driving the Automotive Microcontrollers market revenue.
Automotive Microcontrollers Market Segment Insights
Automotive Microcontrollers Application Insights
The Automotive Microcontrollers Market segmentation, based on application includes powertrain & chassis, safety & security, body electronics, telematics & infotainment and others. The powertrain & chassis segment was the highest contributor to the market. To improve the performance of the vehicle's powertrain and chassis, microcontrollers are used in a wider range of applications. Due to their ability to lower fuel consumption, automotive microcontrollers are becoming more used in the powertrain and chassis of automobiles. Additionally, they support the operation of numerous other car features like an advanced driving system, which supports market expansion.
Automotive Microcontrollers Technology Insights
The Automotive Microcontrollers Market segmentation, based on technology, includes park assist system, blind spot detection system, adaptive cruise control, and tire pressure monitoring system. The market contributor with the largest share was adaptive cruise control. A car with adaptive cruise control can automatically change its speed in response to the behavior of the vehicle in front of it. It aids in maintaining speed or traction, particularly on highways. Similar technology have been made standard equipment in cars by a number of countries in an effort to lower the number of collisions. These systems identify obstacles using radar or laser sensor technology, which enables cars to change their speed in response to the environment.
Automotive Microcontrollers Vehicle Type Insights
The 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 vehicle category. A passenger ICE vehicle is used to transport passengers and has a maximum seating capacity of nine people (including the driver). The greatest section of all vehicle types is a passenger car. Due to its high sales of passengers relative to other cars, it makes a large financial contribution to the worldwide automotive industry. Due to its crucial role in the transportation sector and the rising desire for better, more efficient vehicles fitted with cutting-edge components, the passenger vehicle category is anticipated to experience the quickest growth in the market.
Figure 1: Automotive Microcontrollers Market, by Vehicle Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Microcontrollers Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America automotive microcontroller market held a significant share in 2022 (45.8%). The development of technology that will be incorporated into future vehicles is the main focus of major players. For instance, Texas Instruments introduced a new line of high-performance microcontrollers in July 2021, which promote real-time control, networking, and analytics applications and stimulate the regional market. Further, the U.S. Automotive Microcontrollers market held the largest market share, and the Canada Automotive Microcontrollers market was the fastest growing market in the North America region.
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.
Figure 2: Automotive Microcontrollers Market Share By Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In 2022, the European Automotive Microcontrollers market had a respectable market share. Many European nations are concentrating on enacting laws and regulations for adopting autonomous vehicles, which is boosting the market's expansion. The European firms emphasize the development of fresh microcontrollers as a key factor in the expansion of the local market. Further, the German Automotive Microcontrollers market held the largest market share, and the UK Automotive Microcontrollers market was the fastest growing market in the European region.
The Asia Pacific Automotive Microcontrollers market region is the fastest-growing region for the market, accounting for the largest market share in 2022. The region's top market participants are concentrating on creating and implementing body electronics with cutting-edge technologies and solutions that call for microcontroller integration. In order to be used in automobiles, Renesas Electronics Corporation introduced its next generation of microcontrollers employing a 28nm process technology. These MCUs have better security and functional safety features as well as a 16MB built-in flash memory. Moreover, China’s Automotive Microcontrollers market held the largest market share, and the Indian Automotive Microcontrollers market was the fastest growing market in the Asia-Pacific region.
Automotive Microcontrollers Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Microcontrollers market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Microcontrollers industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Microcontrollers industry to benefit clients and increase the market sector. In recent years, the Automotive Microcontrollers industry has offered some of the most significant advantages to medicine. 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.
Key Companies in the Automotive Microcontrollers market include
- 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
Automotive Microcontrollers Industry Developments
April 2022 BYD Semiconductor, a car company producing chips in addition to batteries, launched its new BS9000AMXX series of 8-bit MCU chips for vehicles. It is a general-purpose MCU and uses an S8051 core with the main frequency of up to 24MHZ. The chip supports BLDC motor control, up to 24 channels of 12-bit resolution ADC, and up to 26 I/O. It integrates a high-reliability capacitive detection keypad module, including TSSOP28 and QFN20 package forms.
May 2021 Samsung Foundry Rolled out Korea's First MCU for Vehicles. The 32nm MCU was developed by Telechips, a Korean semiconductor design company, and Samsung Electronics began a pilot production of the chip in April 2021.
Automotive Microcontrollers Market Segmentation
Automotive Microcontrollers Application Outlook
- Powertrain & Chassis
- Safety & Security
- Body Electronics
- Telematics & Infotainment
- Others
Automotive Microcontrollers Technology Outlook
- Park Assist System
- Blind Spot Detection System
- Adaptive Cruise Control
- Tire Pressure Monitoring System
Automotive Microcontrollers Vehicle Type Outlook
- Passenger ICE Vehicle
- Commercial IVE Vehicle
- Electric Vehicle
Automotive Microcontrollers Regional Outlook
North America
- US
- 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
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Middle East
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Africa
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Latin America
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