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Market Overview:
The Automotive Microcontrollers Market
size is estimated to reach $22.9 billion by 2030, growing at a CAGR of 8.2%
during the forecast period 2024-2030, according
to a recent report published by IndustryARC, titled, “Automotive
Microcontrollers Market – By Bit Size (8-Bit Microcontrollers,
16-Bit Microcontrollers, 32-Bit Microcontrollers, 32-Bit Microcontrollers
Fusion Box), By Connectivity (V2V Connectivity, V2I Connectivity, V2C
Connectivity), By Technology (Park Assist System, Blind Spot Detection System,
ACC, TPMS), By EV (BEV, HEV, PHEV, FCEV), By Vehicle (Passenger Car, Commercial
Vehicle), By Application (Powertrain & Chassis, Safety & Security, Body
Electronics, Telematics & Infotainment), By Geography - Global Opportunity
Analysis & Industry Forecast, 2024-2030”
Advancements in autonomous vehicles and
Electrification of vehicles are expected to create growth opportunities in the
market during forecast period.
APAC
Dominated the Market in 2023:
APAC accounted for the largest
share of 37% of the Automotive Microcontrollers Market in 2023 followed by
North America and Europe.
In March 2024, Toshiba
introduced SmartMCD™ Series gate driver ICs with built-in microcontroller for
sensorless control of automotive three-phase brushless DC motors, reducing
system sizes and enhancing motor control capabilities. The debut product, TB9M003FG,
streamlines component counts and integrates power MOSFET control, flash memory,
and communication interfaces, catering to the growing demand for compact,
efficient automotive motor solutions.
Automotive Microcontrollers Market: Key Takeaways
Advanced
Driver Assistance Systems (ADAS):
The integration of advanced driver assistance systems (ADAS) is a
significant trend in the automotive microcontroller industry. These systems
rely on microcontrollers to process data from sensors and cameras, enabling
features like automatic braking, lane-keeping assistance, and adaptive cruise
control. The growing demand for safety and convenience in vehicles drives the
development and implementation of more sophisticated ADAS technologies,
enhancing overall driving experience and vehicle safety.
Electric
and Autonomous Vehicles:
According to the Government of the UK, self-driving cars could
constitute 40% of the UK automotive market, potentially reaching a market value
of $45.4 billion by 2035. The shift towards autonomous vehicles is transforming
the automotive microcontroller landscape. As autonomous vehicles rely on a
multitude of sensors for real-time data collection, there's a growing necessity
for microcontrollers capable of complex sensor fusion. As a result, there's a
heightened demand for microcontroller solutions that can meet these complex
requirements, driving innovation and development in the Automotive
Microcontrollers Market.
For More Queries About "Automotive Microcontrollers Market " @ https://www.industryarc.com/pdfdownload.php?id=501191
Scope
of the Report:
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
8.2% |
|
Market Size in 2030 |
$22.9 billion |
|
Segments Covered |
By Bit Size, By
Connectivity, By Technology, By EV, By Vehicle, By Application |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany,
France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific
(China, Japan, South Korea, India, Australia & New Zealand and the Rest
of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest
of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. Analog
Devices, Inc. 2. Infineon
Technologies AG 3. Microchip
Technology Inc. 4. NXP
Semiconductors 5. STMicroelectronics
6. Renesas
Electronics Corporation 7. Rohm
Semiconductor 8. Texas
Instruments Incorporated 9. Toshiba
Corporation 10. Silicon
Laboratories |
Recent Developments:
- In May 2024, Infineon Technologies launched the PSoC 4 HVPA 144K microcontroller, targeting automotive battery management, featuring high-precision analog integration. It complies with ISO 26262, offering precise measurement of battery parameters and ASIL-C functional safety standards compliance for LINbus communication.
- In June 2023, Cortus introduced its ULYSS family of secure, low-power RISC-V automotive microcontrollers, catering to diverse vehicle functions like body control, safety, networking, and ADAS.
- In October 2023, Artery Technology launched its automotive-grade microcontroller, the AT32A403A, marks its entry into the automotive MCU market, meeting stringent automotive standards.
Automotive
Microcontrollers Market: Competitive Landscape
Key companies profiled in the Automotive Microcontrollers Market
are Analog Devices, Inc., Infineon Technologies AG, Microchip
Technology Inc., NXPSemiconductors, STMicroelectronics, Renesas Electronics
Corporation, Rohm Semiconductor, Texas Instruments Incorporated, Toshiba
Corporation, Silicon Laboratories, and others.