Automotive MCU Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Semiconductor & Electronics
Report Code - OMR-SE-162
Format: PDF, PPT, and Excel
Automotive MCU Market to Propel at a Growth Rate of 8.4% CAGR; Factors such as the Rising Need for Automation in Automobiles, Increasing Demand for Providing Real-Time and Higher Reliability Functions, and Increasing Automotive Accidents to Increment Growth
Automotive microcontrollers, or automotive MCUs, are optimized for vehicle use. These microcontrollers regulate vehicle functions like the engine, transmission, braking system, and other safety systems. Automotive MCUs coordinate the data flow between the various sensors, actuators, and displays of a vehicle. Automotive MCUs are designed to surmount numerous obstacles, including extreme temperatures, high humidity, high tremors, and electromagnetic interference.
During the early phases of COVID-19, the microcontroller market was particularly affected. Due to the impact of COVID-19, companies reported a shortage of employees, which interrupted the production of electronic chips and devices and halted exports. Microcontrollers, an integral component of the electronic control devices integrated into vehicle systems, were in short supply, necessitating a slowdown in production. The automotive industry's bottom line suffered as a consequence.
Key Takeaways of the Automotive MCU Market
By Type
The 32-bit market was by far the greatest in 2022. These microcontrollers excel in circumstances requiring intensive data processing. 32-bit, energy-efficient, precise, and high-performing microcontrollers are in increasing demand.
By Application
In 2022, the most lucrative market segment was powertrain and chassis. The rising demand for improved engine efficiency and administration will push the market forward. Microcontrollers are commonly employed in diagnostics for the engine control unit (ECU).
By Region
The Asian-Pacific automotive microcontrollers market will expand at a significant CAGR. In recent years, the automobile industry in the Asia-Pacific region has flourished. The region is a tempting investment opportunity and an important contributor to worldwide automobile sales.
Increased Electric Vehicle Sales and Operational Safety for Future Growth
Electric and hybrid vehicles are gaining popularity around the globe. The decreasing cost of components such as lithium-ion batteries, sensors, and microcontrollers is anticipated to be the driving force behind the microcontroller market growth for electric vehicles. Due to their crucial role in decreasing carbon emissions and combating air pollution, governments around the globe are also actively promoting the proliferation of electric vehicles.
In addition, there has been an alarming increase in the number of individuals killed in automobile accidents. According to the World Health Organization, approximately 1.25 million individuals die annually in traffic-related incidents. These factors contribute to the growing significance of vehicle safety features. Manufacturers are creating and introducing new safety features in response to consumer demand. Due to the growing demand for security equipment, the market for automotive microcontrollers is expanding.
Connected Vehicles and Rapid Industrial Development to Boost the Vehicle Industry
Owing to connected technology, the user and car can communicate more effectively. The in-car systems of a connected vehicle can communicate to the internet due to the vehicle's connectivity. It provides Internet connectivity, remote control of various vehicle functions, and high-tech safety systems, among other intelligent features. Current vehicle connectivity is a trend that is altering the automobile industry. Thanks to the proliferation of technologies such as artificial intelligence, ADAS (Advanced Driver Assist Systems), park assist systems, V2I (Vehicle to Infrastructure), V2V (Vehicle to Vehicle), and V2X (Vehicle to Everything), the automotive industry is trending toward autonomous driving capabilities. Several systems, such as electric controlling units, automotive fault-tolerant systems, and fail-safe systems, rely on the standard microcontroller of the automotive industry.
In April 2019, the European Union adopted regulation 2019/631 to reduce carbon dioxide (CO2) emissions from automobiles and light trucks across Europe. This rule outlines the emission criteria for fleets for the next decade. This rule specifies automobile and commercial van requirements for 2020–2024.
Global Automotive MCU Market Prominent Players
• Texas Instruments (U.S.)
• Renesas Electronics Corporation (Japan)
• Toshiba International Corporation (Japan)
• Infineon Technologies AG (Germany)
• NXP Semiconductors (Netherlands)
• Microchip Technology Inc. (U.S.)
• GigaDevice (China)
• Silicon Laboratories (U.S.)
• Analog Devices (U.S.)
• STMicroelectronics (Switzerland)
• Toshiba Corp (Japan)
Report Scope for Automotive MCU Market
Type
• 8-bit
• 16-bit
• 32-bit
Vehicle Type
• Internal Combustion Engines
o Passenger Vehicles
o Commercial Vehicles
o Trucks & Buses
o Others
• EVs
o BHEVs
o HEVs
o PHEVs
o Others
Application
• Powertrain & Chassis
• Safety & Security
• Body Electronics
• Telematics & Infotainment
Automotive MCU Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Latin America
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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