The Automotive Microcontroller Market is expected to be worth US$ 14.32 billion in 2024. The market is expected to expand at a CAGR of 8.27% during the projected period. The industry share is expected to be worth roughly US$ 31.7 billion by 2034.
The Automotive Microcontroller Market is witnessing significant growth driven by several factors, including increasing vehicle electrification, rising adoption of advanced driver assistance systems (ADAS) and in-vehicle infotainment (IVI) systems, and the growing demand for connected and autonomous vehicles. Microcontrollers play a critical role in automotive electronics by providing the computing power and functionality required for various applications such as engine control, powertrain management, chassis systems, safety features, and vehicle connectivity.
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One of the primary drivers of this market is the increasing vehicle electrification and the integration of electronic control units (ECUs) to manage electric powertrains, battery systems, and energy management functions. As automakers transition towards electric vehicles (EVs) and hybrid electric vehicles (HEVs), there is a growing need for microcontrollers capable of processing high-speed data, executing complex algorithms, and controlling electric motors, inverters, and battery systems. Automotive microcontrollers enable efficient and reliable operation of electric powertrains, contributing to the performance, efficiency, and range of electric vehicles.
Moreover, the rising adoption of advanced driver assistance systems (ADAS) and in-vehicle infotainment (IVI) systems is driving demand for microcontrollers with enhanced processing capabilities and connectivity features. ADAS systems such as adaptive cruise control, lane-keeping assist, and automatic emergency braking rely on microcontrollers to process sensor data, analyze driving conditions, and execute control algorithms in real-time to enhance vehicle safety and convenience. Similarly, IVI systems require microcontrollers to support multimedia processing, touchscreen interfaces, voice recognition, and wireless connectivity for seamless integration with smartphones and other devices.
Key Research Findings from FMI’s Report on Global Automotive Microcontrollers Market
- In terms of revenues, although North America is expected to remain largest market for microcontrollers in 2017, Asia-Pacific excluding Japan (APEJ) will be the most lucrative region for automotive microcontrollers market by 2022-end. The convergence of transportation, automotive, and ICT sectors has increased demand for technologically advanced vehicles in APEJ, further resulting into advent of advanced vehicle ecosystem. The already imposed and impending safety regulations are expected to spur installation of the automotive safety technologies in vehicles across APEJ. In addition, introduction of driving assistance technologies has incentivised OEMs for opting efficient microcontrollers.
- In terms of revenues, heavy commercial vehicles are expected to remain the most attractive in the market, based on vehicle type. In addition, premium passenger cars will also remain a lucrative vehicle type segment in the market over the forecast period. This is primarily attributed to rise in installation of advanced safety features in premium passenger cars, particularly across developed economies. Moreover, safety regulations and mandates have compelled OEMs to produce premium passenger cars featuring advanced technologies, thereby propelling demand for microcontrollers.
- On the basis of application, sales of automotive microcontrollers in ADAS and functional safety technology are expected to register similar CAGRs through 2022. ADAS application of automotive microcontrollers will remain comparatively more lucrative than functional safety technology. Brake control system will continue to be the most lucrative application of automotive microcontrollers.
- By material type, sales of copper alloy for automotive microcontrollers are expected to exhibit the highest CAGR through 2022. Tinned steel will remain sought-after among materials in the global automotive microcontrollers market, with sales estimated to reach approximately US$ 600 Mn by 2022-end.
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Market Taxonomy
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Material Type
- Tinned Steel
- Nickel-Cobalt Ferrous Alloy
- Copper Alloy
Vehicle Type
- Compact Passenger Cars
- Mid-sized Passenger Cars
- Premium Passenger Cars
- Luxury Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric vehicle
Application
- Advanced Driver Assistance System
- Parking Assist System
- Brake control system
- Electric Control Suspension
- Airbags
- Functional Safety Technology
- Transmission Control
- Start-Stop System
- Electronic Power Steering System
- Others
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