Analysis of the Automotive MCU Market: Assessment of Market Size, Trends, Statistics, and Competitors
Global Automotive MCU Market by Type (8-bit, 16-bit, and 32-bit), by Vehicle Type (Internal Combustion Engines and EVs), by Application (Powertrain & Chassis, Safety & Security, Body Electronics, and Telematics & Infotainment), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Size, Share, COVID-19 Impact, Regional Analysis & Forecast Till 2030
Category - Semiconductor & Electronics
Report Code - OMR-SE-162
Format: PDF, PPT, and Excel
Automotive MCU Market Overview
Automotive MCUs, also known as automotive microcontrollers, are optimized for vehicle use. These microcontrollers control vehicle functions such as the engine, gearbox, braking system, and other safety systems. Automotive MCUs coordinate the data flow between a vehicle's many sensors, actuators, and displays. High temperatures, high humidity, high vibration, and electromagnetic interference are just some challenges that automotive MCUs are built to overcome. The automotive microcontroller market is predicted to expand during the forecast period due to rising electrification and a slew of laws and regulations aimed at improving vehicle safety and security that governments worldwide have approved. Due to an increase in the number of road accidents worldwide, there has been a surge in the need for safety technologies, including parking aids, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tire pressure monitors, airbags, and telematics. In addition, there appears to be a dramatic increase in the number of people losing their lives in traffic accidents. If the microcontroller in an automobile experiences problems, the entire car will stop working. The microcontroller is prone to melting under high temperatures, causing resistance to be broken and signals to weaken, leading to failure. During COVID-19's early stages, the microcontroller market was hit particularly hard. Companies reported a scarcity of workers, which disrupted the production of semiconductor chips and devices and suspended exports due to the COVID-19 impact.
Automotive MCU Market Growth Factors
Rising Sales of Electric Vehicles and Increasing Demand for Operational Safety to Fulfil Sustainable Growth
Electric and hybrid vehicles are becoming increasingly popular around the world. The primary aspect expected to build a mass automotive microcontroller market for electric vehicles is the lowering cost of components like lithium-ion batteries, sensors, and microcontrollers. Because of their significant role in reducing carbon emissions and combating air pollution, governments worldwide are also actively supporting the spread of electric vehicles. Although just 1% of newly purchased automobiles are electric, that percentage is expected to rise as component costs decrease and more people opt for environmentally friendly vehicles. When something goes wrong with the car, the driver will be notified by the car's fault-tolerant system (accelerator, anti-lock brake interface, and damaged lights) or by the microcontroller that manages electrical control unit operations. Losing control of a vehicle on ice roads, for instance, would call attention to its fault tolerance. If this happens when the driver is applying the brakes, the sensor microcontroller will recognize the situation and activate the anti-lock braking system. As a result, microcontrollers play a crucial role in the automobile industry, and the sector's rapid advancement fuels the expansion of the microcontroller market. Vehicles equipped with ADAS can identify and sort out various road hazards, letting the driver know what to expect. These systems can also automatically apply the brakes or slow vehicles down if necessary due to road conditions. In addition, there has been an alarming rise in the number of people losing their lives in car crashes. The World Health Organization estimates that approximately 1.25 million people die in traffic-related incidents annually. These factors contribute to the expanding importance of automotive safety features. Manufacturers are developing and launching new safety features in response to customer demand. As a result of this increasing need for safety features, the market for automotive microcontrollers is growing.
Rising Integration of Connected Vehicles and Rapid Industrial Development to Augment Vehicle Industry
The user and the car can better communicate thanks to connected technology. A connected vehicle's in-car systems can connect to the internet thanks to the car's connectivity. Internet connectivity, remote control of various car functions, and high-tech safety systems are just some of the smart features it provides. The connectedness of current cars is a trend reshaping the automobile industry. The automotive industry is trending toward autonomous driving capabilities thanks to the proliferation of technologies like artificial intelligence, ADAS (Advanced Driver Assist Systems), park assist systems, V2I (Vehicle to Infrastructure), V2V (Vehicle to Vehicle), and V2X (Vehicle to Everything). Several systems rely on the automobile industry's standard microcontroller, including electric control units, automotive fault-tolerant systems, and fail-safe systems. The fault-tolerant system detects malfunctions or impending incidents with the aid of a sensor microcontroller, activating the appropriate response in each case. One person loses their life every 45 minutes due to a drunk driving accident, as reported by the United States Department of Transportation. This amounts to roughly 32 deaths each day. Nearly 38,824 people died in automobile accidents in the United States in 2020, according to data from the Department of Transportation's National Highway Automobile Safety Administration. Microcontrollers are commonly employed in powertrain applications to reduce exhaust emissions and maximize engine efficiency. In addition, this help cut down on gasoline costs. To curb carbon dioxide (CO2) emissions from cars and light trucks across Europe, the European Union passed regulation 2019/631 in April 2019. The next decade's worth of emission criteria for fleets is laid out in this rule. This rule establishes requirements for automobiles and commercial vans for 2020–2024.
Automotive MCU Industry Segmentation
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
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
Type Insights
32-bit Automotive Microcontrollers to Contain Huge Market Share Due to Energy-Efficient and High-Performance Operability
Based on type, the global market can be split into 8-bit, 16-bit, and 32-bit.
In 2022, the 32-bit market was by far the largest. These microcontrollers shine in situations calling for extensive data processing. High-performance, precise, and energy-efficient 32-bit microcontrollers are becoming increasingly in demand. Injection control gearboxes and combustion engine central control units are major consumers of these devices, driving market expansion.
In 2022, 8-bit held a sizable portion of the market share. 8-bit microcontrollers are more space-efficient and less expensive. High-temperature microcontrollers are essential for many electronic systems found beneath the hood of cars. The demand for these controllers stems from their widespread use in various fields, such as lighting, comfort & information, security body electronics & telematics, entrance control, powertrain, and safety & chassis.
Application Insights
Powertrain & Chassis to Support Incredible Growth Owing to Rising Demand for Improved Engine Efficiency
The global market can be segmented across powertrain & chassis, safety & security, body electronics, and telematics & infotainment based on application.
In 2022, the powertrain and chassis market sector was the most lucrative. The desire for better engine efficiency and management is on the rise, which will propel the market forward. In diagnostics for the engine control unit (ECU), microcontrollers are commonly employed. The fact that these gadgets help increase the vehicle's efficiency and power is another factor driving the market forward.
The infotainment and telematics market was sizable in 2022. Microcontroller demand in the automotive market is expected to soar with the introduction of advanced technologies and increased connectivity. Future expansion will be spurred by the widespread adoption of telematics systems in the automotive industry.
Regional Insights
Asia Pacific to be Considered Highly Potent in Terms of Revenue due to the Presence of Major Automobile Manufacturers
Based on location, the global market can be differentiated into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa regarding geographical expansion.
The automotive microcontroller market in Asia-Pacific is expected to increase at a rapid CAGR over the next few years. In recent years, the auto sector in the Asia-Pacific area has flourished. The region is a major contributor to worldwide auto sales and a lucrative investment opportunity. Major automakers have established regional headquarters or large production sites in China, Japan, and India, three of the region's most important markets. When car companies take these steps, it leads to more high-tech auto parts that rely on microcontrollers. The automotive microcontroller market is projected to expand in the Asia Pacific region due to the region's improving economic climate and. Better fuel efficiency, improved performance, and a reasonable price are just a few of the elements increasing the market share of hybrid electric vehicles in the Asia-Pacific area. For instance, in 2021, the Asia-Pacific area had sales of about 672.9 thousand plug-in hybrid electric cars (PHEVs), as reported by EV-Volumes.com. In 2020, only over 264,26,000 plug-in hybrid electric vehicles were sold, which was a huge rise. Maker growth of automotive MCUs in the region is expected to be supported by the rising demand for these automobiles.
The European market for automobile microcontrollers is second only to the United States. Germany, France, the United Kingdom, Italy, and the rest of Europe all makeup Europe. Europe's high demand for automobile comfort and the widespread adoption of Euro-NCAP car ratings make the region the world's most lucrative market for automotive microcontrollers. Increased demand for ADAS systems is good news for the automotive microcontroller market. The expansion of the automotive sector can be attributed to the development of new technologies that make it possible to effectively enforce safety features and improve the quality of the drive. With the rise of autonomous vehicles, more and more people are installing ADAS to increase vehicle safety. The widespread installation of safety devices in cars has been made possible by permissive legislation and reasonably priced automobiles.
The third largest market for automotive microcontrollers is found in North America. The United States, Canada, and Mexico comprise the North American region. Constant technological advancements and the widespread implementation of ADAS in automobiles are expected to propel this region's global automotive microcontroller market. North American automakers have gone after industry heavyweights like Ford and GM by providing cutting-edge sensor technology. They are also serving the North American aftermarket with ADAS products. All passenger vehicles must have TPMS sensors installed to monitor the tire pressure remotely. Recent developments in auditory and tactile warning systems outperform dual-modal systems (auditory-visual and tactile-visual) in terms of improving drivers' performance.
Automotive MCU Industry Analysis
Several large corporations dominate the global market for automotive semiconductor chipsets. It has been seen that leading companies in the industry offer a broader range of products and services than their competitors. Most market participants are well-known market leaders with decades of experience in the field. Most regional players are concentrating on dealerships and production expansion and acquisitions. With rising R&D expenditures, the major firms are concentrating on building goods that work with cutting-edge technologies.
Automotive MCU Market Recent Developments
• In 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 a main frequency of up to 24 MHz. 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.
• In April 2022, under the TXZ+TM Family Advanced Class, Toshiba International Corporation has released the M3H Group of ARM Cortex-M3 Microcontrollers. Microcontrollers like this can be found in everything from motors to home gadgets to industrial machinery. Options for motor control and connectivity included an encoder and programmable motor driver.
• In September 2022, with features like Functional Safety, Cyber-security Protection, and AUTOSAR Compatibility, Microchip Technology has unveiled a 32-bit MCU based on the Arm CortexM0+ Core. Microchip Technology's 32-bit chip protects against cyber threats and ensures functional safety. The PIC32CM JH MCU's driver shield, which allows for operation in noisy and wet environments, is a nice finishing touch.
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)
Frequently Asked Questions (FAQs)
At what rate will the Automotive MCU Market Expand?
Objective Market Research predicts that the automotive MCU market will expand at a CAGR of 8.4% during the forecast period.
What are the factors driving the global Automotive MCU Market?
The global automotive MCU market will grow during the forecast period due to the rise of data-intensive applications, stricter government laws around emissions, and the prevalence of connected car technologies.
Which segment accounted for the largest Automotive MCU Market share by Application?
In 2022, the most lucrative market segment was powertrain and chassis. The rising demand for improved engine efficiency and administration will propel the market forward. Microcontrollers are often used to diagnose the engine control unit (ECU).
What region holds the major share in the global market scape?
In the coming years, the Asian-Pacific automotive microcontrollers market will expand at a rapid CAGR. The automobile industry in the Asia-Pacific region has flourished in recent years. The region is a significant contributor to global automobile sales and an attractive investment opportunity.
Which are the dominating players in the market during the forecast period?
Some of the major global Automotive MCU market leaders are Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), Microchip Technology Inc. (U.S.), GigaDevice (China), Silicon Laboratories (U.S.), and Analog Devices (U.S.), among others.
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Table of Content
1. Introduction
1.1 Market Definition
1.2 Objective of the Study
1.3 Market Scope
1.4 Years Considered in the Study
1.4.1 Historic Year: 2019-2021
1.4.2 Base Year: 2022
1.4.3 Forecast Period: 2023-2030
1.5 Currency Used in the Study
1.6 Boundaries for the Study
1.7 Collaborators/Stakeholders/Benefactors
2. Research Methodology
2.1 Research Outline
2.2 Data Collection Methods
2.3 Data Sources
2.3.1 Secondary Sources
2.3.1.1 Paid Sources
2.3.1.2 Unpaid Sources
2.3.2 Primary Sources
2.4 Market Estimation Methodology
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Data Triangulation
2.6 Assumptions of the Study
2.7 Limitations of the Study
3. Executive Summary
3.1 Market Outlook
3.2 Analysts Perspective
4. Market Overview
4.1 Market Dynamics
4.1.1 Drivers
4.1.1.1. Integration within Automotive Applications
4.1.1.2. Rising Adoption of Advanced Solutions
4.1.2. Restrain
4.1.2.1. Export Restrictions
4.1.3. Opportunities
4.1.3.1. Rapid Industrialization and Urbanization
4.1.4. Impact of Market Dynamics
4.2. Impact of COVID-19 pandemic
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitution
4.4.4. Threat of New Entrants
4.4.5. Competitive Rivalry
5. Global Automotive MCU Market Analysis & Forecast, by Type from 2019-2030 (in USD million) (Units)
5.1. 8-bit
5.2. 16-bit
5.3. 32-bit
6. Global Automotive MCU Market Analysis & Forecast, by Vehicle Type from 2019-2030 (in USD million) (Units)
6.1. Internal Combustion Engines
6.1.1. Passenger Vehicles
6.1.2. Commercial Vehicles
6.1.3. Trucks & Buses
6.1.4. Others
6.2. EVs
6.2.1. BHEVs
6.2.2. HEVs
6.2.3. PHEVs
6.2.4. Others
7. Global Automotive MCU Market Analysis & Forecast, by Application from 2019-2030 (in USD million) (Units)
7.1. Powertrain & Chassis
7.2. Safety & Security
7.3. Body Electronics
7.4. Telematics & Infotainment
8. Global Automotive MCU Market Analysis & Forecast, by Region from 2019-2030 (in USD million) (Units)
8.1. North America
8.1.1. North America Automotive MCU Market Analysis & Forecast, By Country
8.1.1.1. U.S.
8.1.1.2. Canada
8.1.1.3. Mexico
8.1.2. North America Automotive MCU Market Analysis & Forecast, By Type
8.1.3. North America Automotive MCU Market Analysis & Forecast, By Vehicle Type
8.1.4. North America Automotive MCU Market Analysis & Forecast, By Application
8.2. Europe
8.1.5. Europe Automotive MCU Market Analysis & Forecast, By Country
8.2.1.1. Germany
8.2.1.2. UK
8.2.1.3. France
8.2.1.4. Spain
8.2.1.5. Italy
8.2.1.6. Rest of Europe (RoE)
8.1.6. Europe Automotive MCU Market Analysis & Forecast, By Type
8.1.7. Europe Automotive MCU Market Analysis & Forecast, By Vehicle Type
8.1.8. Europe Automotive MCU Market Analysis & Forecast, By Application
8.3. Asia-Pacific (APAC)
8.1.9. Asia-Pacific Automotive MCU Market Analysis & Forecast, By Country
8.3.1.1. Japan
8.3.1.2. China
8.3.1.3. India
8.3.1.4. South Korea
8.3.1.5. Rest of the APAC
8.1.10. Asia-Pacific Automotive MCU Market Analysis & Forecast, By Type
8.1.11. Asia-Pacific Automotive MCU Market Analysis & Forecast, By Vehicle Type
8.1.12. Asia-Pacific Automotive MCU Market Analysis & Forecast, By Application
8.4. Latin America
8.2.1. Latin America Automotive MCU Market Analysis & Forecast, By Country/Region
8.4.1.1. Argentina
8.4.1.2. Brazil
8.4.1.3. Rest of Latin America
8.2.2. Latin America Automotive MCU Market Analysis & Forecast, By Type
8.2.3. Latin America Automotive MCU Market Analysis & Forecast, By Vehicle Type
8.2.4. Latin America Automotive MCU Market Analysis & Forecast, By Application
8.5. Middle East & Africa
8.3.1. Middle East & Africa Automotive MCU Market Analysis & Forecast, By Country/Region
8.5.1.1. South Africa
8.5.1.2. UAE
8.5.1.3. Saudi Arabia
8.5.1.4. Rest of Middle East & Africa
8.3.2. Middle East & Africa Automotive MCU Market Analysis & Forecast, By Type
8.3.3. Middle East & Africa Automotive MCU Market Analysis & Forecast, By Vehicle Type
8.3.4. Middle East & Africa Automotive MCU Market Analysis & Forecast, By Application
9. Competitive Landscape
9.1. Market Share Analysis (2022)
9.2. Market Positioning of Top Players (2022)
9.3. Key Developments & Growth Strategies (2020-2022)
9.3.1. Product Launches
9.3.2. Merges, Collaborations & Agreements
9.3.3. Expansion
9.4. SWOT Analysis
10. Company Profiles (Business Overview, Products Offered, Financial Details*, Recent Developments)
10.1. Texas Instruments (U.S.)
10.1.1. Company Snapshot
10.1.2. Business Overview
10.1.3. Financial Data
10.1.4. Key Products Offered
10.1.5. Recent Developments
10.2. Renesas Electronics Corporation (Japan)
10.3. Toshiba International Corporation (Japan)
10.4. Infineon Technologies AG (Germany)
10.5. NXP Semiconductors (Netherlands)
10.6. Microchip Technology Inc. (U.S.)
10.7. GigaDevice (China)
10.8. Silicon Laboratories (U.S.)
10.9. Analog Devices (U.S.)
10.10. STMicroelectronics (Switzerland)
10.11. Toshiba Corp (Japan)
10.12. Others
11. Appendix
11.1. Currency Exchange Rate to USD
11.2. Abbreviations
* Financial details captured might be subjected to information available and not be given for privately-held companies or for companies that do not report it in the public domain