Automotive Microcontrollers Market Boost Growth 2033
According to the Market Statsville Group (MSG), the Global Automotive Microcontrollers Market size was valued at USD 13185.21 million in 2023 and is expected to grow from USD 14154.32 million by 2024 to USD 26798.32 million by 2033, at a CAGR of 7.35% during the forecast period (2024 – 2033).
The Automotive Microcontrollers Market is one of the burgeoning sectors in the semiconductor market forecasting growth with the emerging car electronics, electric vehicles, self-driving and automatic driving assist systems. Microcontrollers that are the fundamental building blocks of auto systems, are essential in providing safety, optimizing performance, and facilitating interconnectivity. The directional movement towards more smart and connected vehicles has called for microcontrollers capable of real time processing with additional features. Moreover, increased regulatory measures in automotive safety and exhaust emission norms driving high usage of microcontrollers in safety features like air bag, ABS and ECUs. Manufacturers are aiming at creating Energy Efficient and High Performance microcontrollers to support the increasing demand in EV, hybrid vehicles. This is boosted by technology enhancements such as 32 bit microcontrollers and bundled connectivity systems, which places the global automotive microcontroller market in an important niche within vehicle design trends.
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Scope of the Global Automotive Microcontrollers Market
The study categorizes the Automotive Microcontrollers market based on Vehicle Type, Microcontroller Type, Technology, End-Users Industries at the regional and global levels.
By Vehicle Type Outlook (Sales, USD Million, 2019-2033)
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Passenger Vehicles
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Commercial Vehicles
By Microcontroller Type Outlook (Sales, USD Million, 2019-2033)
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8-bit Microcontrollers
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16-bit Microcontrollers
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32-bit Microcontrollers
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64-bit Microcontrollers
By Technology Outlook (Sales, USD Million, 2019-2033)
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Analog Microcontrollers
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Digital Microcontrollers
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Mixed-Signal Microcontrollers
By Application Outlook (Sales, USD Million, 2019-2033)
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Powertrain Control
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Safety and Security Systems
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Infotainment and Connectivity
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Body Electronics
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Others
By Region Outlook (Sales, USD Million, 2019-2033)
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North America USCanadaMexico
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Europe GermanyItalyFranceUKSpainPolandRussiaThe NetherlandsNorwayCzech RepublicRest of Europe
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Asia Pacific ChinaJapanIndiaSouth KoreaIndonesiaMalaysiaThailandSingaporeAustralia & New ZealandRest of Asia Pacific
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South AmericaBrazilArgentinaColombiaRest of South America
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The Middle East & AfricaSaudi ArabiaUAESouth AfricaNorthern AfricaRest of MEA
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Digital Microcontrollers segment accounts for the largest market share by Technology
Based on the Technology, the market is divided into Analog Microcontrollers, Digital Microcontrollers, Mixed-Signal Microcontrollers. Digital Microcontrollers are the dominant segment of the Automotive Microcontrollers Market. This is because of enhanced capability in computing with higher complicated results and large data processing rates. High end features like ADAS, in-home entertainment systems, power train and, EV battery management demand for sophisticated digital micro controllers. These microcontrollers provide better accuracy, more functionality, and better connectivity functionality than the analog and mixed signal types. This feature and the fact that they can be connected to various sensors, communication protocols and software platforms makes them ideal for the increasing smart, connected and autonomous vehicles needs in the market. Furthermore, digital microcontrollers are used to control the operation of vehicle control systems effectively, thus enhancing their integration in current automobiles. Since the industry is moving toward even higher levels of development such as autonomous driving, the demand for effective, reliable, and easily scalable digital solutions is still the primary factor that determines the market share in this segment.
Asia-Pacific accounted for the largest market share by Region
Based on the regions, the global market of Automotive Microcontrollers has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. The Asia-Pacific dominates the Automotive Microcontrollers market. This is due to strong automotive manufacturing foundation and enhancement of technology in the automotive industry. Most auto and semiconductor makers are based in the APAC region in countries such as China, Japan, and South Korea, which are consequential producers of vehicles in the world. China has been one of the early adopters of the electric vehicle supported by government impetus and stringent emission standards creating the need for superior microcontrollers in batteries and power trains. Further, Japan holds the largest share in developing self-driving cars and necessary systems including ADAS to advance microcontrollers, which will also propel the market. The region is also cost effective when it comes to automobile production as well as availability of raw materials and this makes many big foreign automobile manufacturers and those that manufacture car chips to invest in the region. Also, the increasing disposable income and urbanization in developing nations including India and Asean makes people demand more technologically advanced cars and thus placing the Asia Pacific on a vantageous position in this market.
Competitive Landscape: Global Automotive Microcontrollers Market
Highly competitive is the global automotive microcontrollers market. Key companies, focusing on innovation, strategic partnerships, and product development, have tried to and are thus strengthening their market presence in the highly competitive market. Dominant players in the market are NXP Semiconductors, Renesas Electronics, Infineon Technologies, and Texas Instruments. The intense competition drives the development of energy-efficient, high-performance microcontrollers to keep pace with emerging requirements in the automotive sector.
Major players in the global Automotive Microcontrollers market are:
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Infineon Technologies
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NXP Semiconductors
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Microchip Technology
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STMicroelectronics
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Texas Instruments
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Renesas Electronics
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Analog Devices
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Silicon Laboratories
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Toshiba
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Other Major Players
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Recent Development
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In November 2023, STMicroelectronics announced a new MCU that integrates the Company's expertise in the design of wireless devices with its high-performing and efficient STM32 architecture. Building on the latest innovation in ST's integrated wireless chips, the STM32WL3 incorporates an advanced, power-efficient multi-protocol radio, suitable for long-range communication using license-free frequency bands reserved globally for industrial, scientific, and medical (ISM) applications.
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In January 2022, Infineon Technologies has announced the AURIX microcontroller family has been extended, as well as the availability of the first samples of its new AURIX TC4x family of 28nm microcontrollers, which will be adopted in next-generation eMobility, ADAS, automotive E/E architectures, and affordable AI applications.