Opportunities for the global automotive microcontroller market to grow with a CAGR of 9% from 2021 to 2026


   April 29, 2021
According to a new market report published by Lucintel, the future of the global automotive microcontroller market looks promising with opportunities in the body electronics, chassis & powertrain, infotainment & telematics, safety & security segments. The global automotive microcontroller market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow 9% from 2021 to 2026. The major drivers for this market are high demand for safety features and increase in demand for capacitive touch sensing button sliders and wheels.

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In this market, 8-bit, 16-bit, and 32-bit are the major microcontrollers used in passenger cars and commercial vehicles. On the basis of comprehensive research, Lucintel forecasts that 32-bit microcontrollers will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because 32-bit microcontrollers are mostly used in all the major advanced applications of electric as well as conventional vehicles.

Within the global automotive microcontrollers market, the hybrid electric vehicle segment is expected to witness the highest growth over the forecast period due to huge demand for HEV.

APAC is expected to remain the largest market and witness the highest growth over the forecast period because countries, such as South Korea and Japan, in this region  are fueled by vehicles which are already equipped with advanced body electronics and safety features.

Emerging trends, which have a direct impact on the dynamics of the industry, include new applications of microcontrollers and technological advancements. Toshiba Corp, Infineon Technologies AG, NXP Semiconductors, ON Semiconductor, and Analog Devices Inc. are among the major suppliers of the automotive microcontroller market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive microcontroller market by application, electric vehicle, bit size, technology, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Microcontroller Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and  forecast for the global microcontroller market by application, electric vehicle, bit size, technology, and region as follows:

By Application [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:



  • Powertrain and Chassis


  • Body Electronics


  • Safety and Security Systems


  • Infotainment and Telematics


 By Electric Vehicle [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:



  • Battery Electric Vehicles


  • Plug-in Hybrid Electric Vehicles


  • Hybrid Electric Vehicles


By Bit Size [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:



  • 8-bit Microcontrollers


  • 16-Bit Microcontrollers


  • 32-Bit Microcontrollers


By Technology [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:



  • Adaptive Cruise Control


  • Park Assist System


  • Blind Spot Detection


  • Tire Pressure Monitoring System


By Region [Value ($ Million) and Volume (Thousand Tons) from 2015 to 2026]:



  • North America


    • United States


    • Canada


    • Mexico




  • Europe


    • Germany


    • United Kingdom




  • APAC


    • China


    • India


    • Japan




  • ROW


    • Middle East


    • Brazil




 

This 150page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.


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