The automotive microcontroller market is anticipated to reach a valuation of USD 14.32 billion in 2024, with an expected compound annual growth rate (CAGR) of 8.27% from 2024 to 2034. By 2034, the market is projected to achieve a value of USD 31.7 billion. The need for automotive control microcontrollers has surged due to the implementation of mandatory safety standards across various countries’ automotive sectors. Additionally, the growth of the market is fueled by the increasing reliance of vehicle electric control units on advanced microcontrollers for precise fuel injection, ignition timing, and overall enhancement of engine performance.
Key Takeaways from the Automotive Microcontroller Market Report:
- The market is expected to witness an absolute growth of USD 17.5 billion over the next decade.
- The United States currently leads in automotive microcontroller production, projected to register a CAGR of 6.4% from 2024 to 2034.
- In Europe, Germany stands as the primary supplier of automotive microcontrollers, with a forecasted growth rate of 5.1% during the projected years.
- China is expected to dominate the automotive microcontroller market with a remarkable CAGR of 12.1% through 2034.
- India is emerging as a rapidly growing market for automotive microcontrollers, expected to thrive at a CAGR of 11.1% over the forecast period.
- The automotive microcontroller industry in Australia is likely to expand at a rate of 8.7% annually until 2034.
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Competitive Landscape:
The overall market is turning competitive gradually with the emergence of new market players in emerging economies like China and India. However, top automotive microcontroller manufacturers still hold a significant share of the global owing to their long-term collaborations with automotive manufacturers.
Leading Key Players:
- Texas Instruments Incorporated
- NXP Semiconductors NV
- STMicroelectronics NV
- Microchip Technology Inc.
- Renesas Electronics Corporation
- Silicon Labs Private Limited
- Fujitsu Limited
- Maxim Integrated Products, Inc.
- Infineon Technologies
- Toshiba Corporation
Recent Developments:
- In August 2023, ARTERY Technology entered the automotive MCU market with the debut of its first automotive-grade microcontroller, the AT32A403A. This new series of automotive control chips completed qualification tests such as the accelerated environmental stress test and the accelerated lifespan simulation test in accordance with the AEC specification. Moreover, the package assembly integrity test and the electrical verification test were also certified in accordance with the automotive standard AEC-Q100 Grade 2.
- In June 2023, Cortus’s Safe, a fabless semiconductor manufacturing company based in France, introduced low-power RISC-V automotive microcontrollers (MCUs) and announced today by forward-thinking. Cortus ULYSS series satisfies all technological requirements for the various classes of automotive electronic systems by utilizing process technologies. The process technology ranges from 130nm to 12nm, single to eight-core designs, all with floating points and CAN, and clock rates from 240MHz to 1.5GHz. The safety certifications and standards it adheres to include ISO 26262 ASIL-B, ASIL-D, IEC 61508/62061, AEC-Q100/1, AUTOSAR, ISO/SAE 21434, and others.
Automotive Microcontroller Market Segmentation:
By Material Type:
- Tinned Steel
- Nickel-Cobalt Ferrous Alloy
- Copper Alloy
By Vehicle Type:
- Compact Passenger Cars
- Mid-sized Passenger Cars
- Premium Passenger Cars
- Luxury Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric vehicle
By 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
- Other Applications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa (MEA)
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