USD 29.37 billion
Automotive Microcontroller Units (MCUs) Market Size, Share, Growth Analysis, By Product Type(8-Bit, 16-Bit, and 32-Bit), By Application(Automotive, Consumer Electronics & Telecom, Industrial, Medical Devices), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2160 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
66
|Figures:
75
Automotive Microcontroller Units (MCUs) Market Insights
Global Automotive Microcontroller Units (MCUs) Market size was valued at USD 29.37 billion in 2022 and is poised to grow from USD 32.92 billion in 2023 to USD 82.10 billion by 2031, at a CAGR of 12.1% during the forecast period (2024-2031).
Automotive microcontrollers help in improving vehicle performance, enhancing safety features, and reducing emissions. The growing demand for advanced features in automobiles, such as advanced driver assistance systems, is a major driving factor for the automotive MCU market. In addition, the increasing adoption of electric and hybrid vehicles that require sophisticated control systems is also driving market growth. The main restraining factor for the automotive MCU market is the high cost of these components, which can make vehicles more expensive for consumers. In addition, the complexity of these systems can make it difficult for manufacturers to integrate them into their vehicles. The biggest challenges in the automotive MCU market are the need for constant innovation in order to keep up with rapidly evolving automotive technology. In addition, manufacturers must ensure that their microcontrollers are compatible with a wide range of automotive systems and components. There are several opportunities in the automotive MCU market, such as the development of microcontrollers specifically designed for electric and hybrid vehicles. In addition, the growing trend of connected cars and the increasing use of advanced driver assistance systems present opportunities for the development of new and innovative microcontrollers.
US Automotive Microcontroller Units (MCUs) Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
32-Bit
Fastest Growth
16-Bit
Growth Rate
12.1% CAGR
Global Automotive Microcontroller Units (MCUs) Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Microcontroller Units (MCUs) Market Segmental Analysis
The global automotive microcontroller units (MCUs) market is segmented on the product, application, and region. Based on product, the market is segmented into 8-Bit, 16-Bit, and 32-Bit. In terms of application, the market is segmented into automotive, consumer electronics & telecom, industrial, medical devices, aerospace & defense, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Microcontroller Units (MCUs) Market Analysis by Product
In 2022, the 32-bit segment dominated the market, accounting for 48.6% of the revenue share, and is projected to have the fastest growth rate during the forecast period. A 32-bit microcontroller is an embedded SoC with a CPU that can handle 32 bits of data at once and features a high memory capacity and advanced peripherals such as fast ADCs, DSPs, and high-speed communication interfaces like Gigabit Ethernet, USB 3.0, and CAN bus. 32-bit microcontrollers are well-suited for applications that require high-performance computing, real-time data processing, and sophisticated control systems due to their powerful processor and memory capacity. They are commonly used in demanding fields like aerospace, robotics, automotive systems, and other areas that require precision, reliability, and scalability. A 16-bit microcontroller is an embedded SoC with a CPU that processes 16 bits of data at a time and features additional peripherals like ADCs, DACs, and communication interfaces such as USB, Ethernet, and Wi-Fi. Compared to 8-bit microcontrollers, 16-bit microcontrollers offer greater processing capability and memory (up to several hundred kilobytes), making them suitable for applications that require more advanced algorithms and higher performance. They are commonly used in industries such as automotive systems, consumer electronics, industrial automation, and medical equipment.
Automotive Microcontroller Units (MCUs) Market Analysis by Application
In 2022, the consumer electronics & telecom segment dominated the overall market, gaining a market share of 33.6% and witnessing a CAGR of 11.7% during the forecast period. Microcontrollers are employed in consumer electronics and telecom applications owing to their capability to process data, regulate functions, and interact with other devices. They are used to handle user inputs, interact with other devices, and control a variety of operations in smart home appliances such as smart locks, smart thermostats, and smart lighting systems. In wearable gadgets such as smartwatches and fitness trackers, microcontrollers are employed to keep track of sensors, process data, and interact with smartphones and other gadgets. Moreover, in telecom infrastructure such as cell towers and base stations, microcontrollers are used to process and manage network traffic, regulate power usage, and carry out real-time monitoring and diagnostics.
The automotive segment is anticipated to witness the fastest growth, growing at a CAGR of 12.6% throughout the forecast period. Microcontrollers are electronic components that are often used in the automotive sector to manage and control several systems in automobiles. They are compact, low-power integrated circuits made for real-time data processing and control in embedded systems. Microcontrollers can process sensor data, interface with other electronic systems inside the car, and control a variety of actuators, thereby enhancing the performance, safety, and comfort of the vehicle.
Global Automotive Microcontroller Units (MCUs) Market By Product
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Automotive Microcontroller Units (MCUs) Market Regional Insights
In 2022, Asia Pacific dominated the market by gaining a market share of 59.1%. The demand for microcontrollers in this industry is being driven by the rising demand for safety features, ADAS, and electric automobiles. In the Asia Pacific region, the industrial segment is also a prominent end user of microcontrollers, particularly in countries such as China and India, which have substantial and expanding manufacturing industries.
North America is anticipated to grow at a considerable CAGR of 11.7% throughout the forecast period. The rising need for smart and connected devices is one of the key factors influencing the microcontroller market growth in North America. The region is at the forefront of the development of Internet of Things (IoT) technologies, which connect commonplace gadgets to the internet and allow them to communicate and exchange data. The demand for microcontrollers with cutting-edge features such as connectivity, sensing, and low power consumption is driving regional market growth.
Global Automotive Microcontroller Units (MCUs) Market By Region
- Largest
- Fastest
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Automotive Microcontroller Units (MCUs) Market Dynamics
Automotive Microcontroller Units (MCUs) Market Drivers
Rapid Developments in Automotive Industry
- A microcontroller is used in the automotive sector to handle electrical control unit operations, control fail-safe systems, and automotive fault-tolerant systems, which alert the driver to errors that occur in the vehicle (accelerator, anti-lock brake interface, and broken lights). Fault tolerance would be highlighted if a car loses control on icy roads. In these circumstances, the sensor microcontroller detects the occurrence and triggers the anti-lock braking upon the car operator using the brakes. Therefore, microcontrollers are an essential component of the automotive sector, and the industry's rapid development supports the market's growth.
High Demand for Safety Features
- There is a growing demand for safety technologies, including parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tire pressure monitors, airbags, and telematics. Objects on the road can be detected and classified by vehicles with fitted ADAS, which can then alert the driver to the road conditions. According to the state of the road, these systems can also automatically slow down or stop cars. It has been noted that the death rate from traffic accidents has significantly increased. For instance, a report from the World Health Organization states that over 1.25 million people every year pass away in traffic accidents. These elements add to the rising need for safety measures in automobiles. To satisfy consumer demand, automakers are creating and releasing safety measures. Therefore, the market for automotive microcontrollers is expanding due to the rising demand for safety features.
Automotive Microcontroller Units (MCUs) Market Restraints
Operational Failures in Extreme Climatic Conditions
- Microcontrollers tend to melt down or malfunction in scorching environments, and this causes the signal to become too weak and fail. On the other hand, resistance is decreased, and it becomes stable when it is brought to an ideal temperature. High cold is not suitable for microcontrollers since it causes them to stop functioning. It can operate at temperatures as low as -25°C and as high as +150°C on average.
High Cost
- The automotive industry is known for its tight profit margins, which can make it difficult for companies to justify the high cost of MCUs. A good example of the use of MCUs in vehicles is in the implementation of advanced safety features such as ESC and ABS. These systems use sensors to detect when a vehicle is losing control and then use MCUs to apply the brakes or adjust the engine power to help the driver regain control. Without MCUs, these safety features would not be possible, and vehicles would be less safe for drivers and passengers.
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Automotive Microcontroller Units (MCUs) Market Competitive Landscape
The global automotive microcontroller units (MCUs) market is highly competitive, with a large number of players operating in the market. Technologies is a leading player in the automotive MCU market, offering a wide range of products for various applications such as engine control, safety systems, and infotainment systems. The company has a strong presence in the market due to its high-quality products and innovative solutions. These players offer a wide range of products for various applications and are known for their high-quality and innovative solutions. The market is expected to continue to grow in the coming years, driven by the increasing demand for advanced safety features and the growing popularity of electric and hybrid vehicles.
Automotive Microcontroller Units (MCUs) Market Top Player’s Company Profiles
- Infineon Technologies (Germany)
- NXP Semiconductors (Netherlands)
- Renesas Electronics Corporation (Japan)
- STMicroelectronics (Switzerland)
- Texas Instruments (US)
- Cypress Semiconductor Corporation (US)
- Microchip Technology Inc. (US)
- Analog Devices, Inc. (US)
- Maxim Integrated Products, Inc. (US)
- ON Semiconductor Corporation (US)
- Rohm Semiconductor (Japan)
- Toshiba Corporation (Japan)
- Silicon Labs (US)
- Melexis (Belgium)
- Nuvoton Technology Corporation (Taiwan)
- Spansion (US)
- Fujitsu Limited (Japan)
- Aptiv (Ireland)
- Continental AG (Germany)
- ZF Friedrichshafen AG (Germany)
Automotive Microcontroller Units (MCUs) Market Recent Developments
- In March 2024, MediaTek expanded its automotive product line by introducing four new chipsets for auto cockpits. These chipsets, under the Dimensity Auto brand, cater to a range of vehicles from entry-level to premium. Additionally, MediaTek has collaborated with NVIDIA for ADAS/ADS GPUs, enhancing its competitive position against Qualcomm through a strategic go-to-market approach.
- In March 2024, Toshiba Electronic Devices & Storage Corporation commenced mass production of the SmartMCD™ Series gate driver ICs featuring embedded microcontroller (MCU). The initial offering, "TB9M003FG," is designed for sensorless control of three-phase brushless DC motors commonly found in automotive components like water and oil pumps, as well as fans and blowers.
- In March 2024, Toshiba Electronic Devices & Storage Corporation expanded its M4K Group of the TXZ+™ Family Advanced Class 32-bit microcontrollers, equipped with Cortex®-M4 core with FPU, by introducing eight new products featuring 512KB/1MB flash memory capacity and available in four types of packages.
Automotive Microcontroller Units (MCUs) Key Market Trends
- Growing use of advanced driver assistance systems (ADAS): ADAS systems are becoming increasingly common in modern vehicles, and these systems require MCUs to function properly. With the growing demand for safety features such as collision warning, lane departure warning, and adaptive cruise control, the demand for MCUs in ADAS systems is also increasing.
- Rising demand for connected cars: Connected cars are becoming more popular, with features such as in-vehicle infotainment systems, navigation systems, and remote diagnostics becoming standard in modern vehicles. MCUs are critical components of these systems, as they are used to manage the communication between various components of the car and the external world.
Automotive Microcontroller Units (MCUs) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The global automotive microcontroller units (MCUs) market is expected to experience significant growth during the forecast period from 2023 to 2030. The market refers to the market for semiconductor chips that are used in automotive applications to control various systems and components such as the powertrain, safety systems, infotainment systems, and more. The market for automotive MCUs is being driven by several factors, including the increasing demand for electric vehicles, the growing use of advanced driver assistance systems (ADAS), the rising demand for connected cars, the increasing focus on cybersecurity, and the growing demand for artificial intelligence (AI) and machine learning (ML) in automotive applications. The global automotive MCU market is expected to grow at a significant rate in the coming years, driven by these key market trends. The market is also highly fragmented, with several smaller players operating. The global automotive MCU market is expected to continue to grow in the coming years, driven by the increasing demand for advanced automotive technologies and the growing importance of semiconductor chips in automotive applications.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 29.37 billion |
| Market size value in 2031 | USD 82.10 billion |
| Growth Rate | 12.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Microcontroller Units (MCUs) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Microcontroller Units (MCUs) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Microcontroller Units (MCUs) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Microcontroller Units (MCUs) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Microcontroller Units (MCUs) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Microcontroller Units (MCUs) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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