The 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 bit-size segmentation, the market for 32-bit microcontrollers is estimated to experience the highest growth during the forecast period. With the advent of the era of electric vehicles, the use of advanced power electronics components has increased. The 32-bit microcontrollers are widely used in all the major advanced applications of electric as well as conventional vehicles.
Browse 97 Market Data Tables and 77 Figures spread through 201 Pages and in-depth TOC on "Automotive Microcontrollers Market by Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), Technology (ACC, Blind Spot Detection, Park Assist, TPMS), Vehicle, EV, Bit Size, Connectivity, and Region – Global Forecast to 2022"
Restraints of the automotive microcontrollers market:
Despite the high demand for advanced automotive electrical systems, the automotive microcontrollers market still experiences certain obstacles. The restraints for the market include providing integrated and lightweight components along with optimizing cost and quality trade-off.
The global automotive microcontrollers market is dominated by a few players such as NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Toshiba Corp. (Japan), and Texas Instruments Inc. (U.S.) along with other tier I and II suppliers.
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Research Methodology:
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.
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Leading players of automotive microcontrollers market are:
The ecosystem of the automotive microcontrollers market consists of manufacturers such as Toshiba Corp (Japan), Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), ON Semiconductor (U.S.), and Analog Devices Inc. (U.S) and research institutes such as the Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).
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Short StoryAbout MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80%...
