Report Feature
Automotive Microcontroller Market Trends and Forecast
The future of the global automotive microcontroller market looks promising with opportunities in the body electronic, chassis & powertrain, infotainment & telematic, and safety & security segment applications. The global automotive microcontroller market is expected to reach an estimated $9.9 billion by 2028 with a CAGR of 7.2% from 2023 to 2028. The major drivers for this market are high demand for safety features in vehicles and an increase in demand for capacitive touch sensing button sliders and wheels.
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Automotive Microcontroller Market by Segment
The study includes trends and forecast for the global automotive microcontroller market by electric vehicle, bit size, technology, application, and region, as follows:
Automotive Microcontroller Market by Electric Vehicle [Value ($B) Shipment Analysis from 2017 to 2028]:
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicles
- Hybrid Electric Vehicles
Automotive Microcontroller Market by Bit Size [Value ($B) Shipment Analysis from 2017 to 2028]:
- 8-Bit Microcontrollers
- 16-Bit Microcontrollers
- 32-Bit Microcontrollers
Automotive Microcontroller Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
- Adaptive Cruise Control
- Park Assist System
- Blind Spot Detection
- Tire Pressure Monitoring System
Automotive Microcontroller Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Body Electronics
- Chassis and Powertrain
- Infotainment and Telematics
- Safety and Security Systems
Automotive Microcontroller Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Microcontroller Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, automotive microcontroller companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive microcontroller companies profiled in this report include-
Automotive Microcontroller Market Insights
- Lucintel forecasts that 32-bit microcontrollers will remain the largest bit size segment over the forecast period due to the increasing usage of this microcontroller in all the major applications of vehicles, like gearbox and central control units.
- Hybrid electric vehicles (HEV) are expected to remain the largest electric vehicle segment due to the increasing production of HEVs across the globe.
- APAC will remain the largest region due to significant growth in automotive production and increasing demand for vehicles equipped with advanced body electronics and safety features in countries, like South Korea and Japan.
Features of the Automotive Microcontroller Market
- Market Size Estimates: Automotive microcontroller market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Automotive microcontroller market size by various segments, such as by electric vehicle, bit size, technology, application, and region
- Regional Analysis: Automotive microcontroller market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different electric vehicles, bit sizes, technology, applications, and regions for the automotive microcontroller market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive microcontroller market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive microcontroller market size?
Answer: The global automotive microcontroller market is expected to reach an estimated $9.9 billion by 2028.
Q2. What is the growth forecast for automotive microcontroller market?
Answer: The global automotive microcontroller market is expected to grow with a CAGR of 7.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive microcontroller market?
Answer: The major drivers for this market are high demand for safety features in vehicles and an increase in demand for capacitive touch sensing button sliders and wheels.
Q4. What are the major segments for automotive microcontroller market?
Answer: The future of the automotive microcontroller market looks promising with opportunities in body electronic, chassis & powertrain, infotainment & telematic, and safety & security segment applications.
Q5. Who are the key automotive microcontroller companies?
Answer: Some of the key automotive microcontroller companies are as follows:
Answer: The global automotive microcontroller market is expected to reach an estimated $9.9 billion by 2028.
Q2. What is the growth forecast for automotive microcontroller market?
Answer: The global automotive microcontroller market is expected to grow with a CAGR of 7.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive microcontroller market?
Answer: The major drivers for this market are high demand for safety features in vehicles and an increase in demand for capacitive touch sensing button sliders and wheels.
Q4. What are the major segments for automotive microcontroller market?
Answer: The future of the automotive microcontroller market looks promising with opportunities in body electronic, chassis & powertrain, infotainment & telematic, and safety & security segment applications.
Q5. Who are the key automotive microcontroller companies?
Answer: Some of the key automotive microcontroller companies are as follows:
- Toshiba
- Infineon
- NXP Semiconductors
- ON Semiconductor
- Analog Devices
Q6. Which automotive microcontroller segment will be the largest in future?
Answer: Lucintel forecasts that 32-bit microcontroller will remain the largest bit size segment over the forecast period due to the increasing usage of this microcontroller in all the major applications of vehicles, like gearbox and central control units.
Q7. In automotive microcontroller market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to significant growth in the automotive production and increasing demand for vehicles equipped with advanced body electronics and safety features in countries, like South Korea and Japan.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that 32-bit microcontroller will remain the largest bit size segment over the forecast period due to the increasing usage of this microcontroller in all the major applications of vehicles, like gearbox and central control units.
Q7. In automotive microcontroller market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to significant growth in the automotive production and increasing demand for vehicles equipped with advanced body electronics and safety features in countries, like South Korea and Japan.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
