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Automotive Microcontrollers Market Share

Report ID: GMI7604
Published Date: Dec 2023
Report Format: PDF

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Automotive Microcontrollers Market Share

Players operating in the automotive microcontrollers industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in R&D to introduce innovative products in the market.

Automotive Microcontrollers Market Companies

Major players operating in the automotive microcontrollers industry are:

Infineon Technologies AG
Renesas Electronics Corporation
STMicroelectronics NV
NXP Semiconductors NV
Texas Instruments Incorporated
Microchip Technology Inc.
Rohm Semiconductor Co., Ltd.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for automotive microcontrollers surpassed USD 13.2 billion in 2023 and is projected to expand at 8% CAGR from 2024-2032 driven by the ongoing shift towards EVs and HEVs along with the higher demand for microcontrollers in battery management systems.

32-bit automotive microcontrollers industry is anticipated to witness over 10% CAGR from 2024 to 2032 due to the ongoing modernization of vehicles.

North America market for automotive microcontrollers accounted over 35% revenue share in 2023 and is estimated to record robust growth through 2032 attributed to the strong presence of leading automotive manufacturers across the region.

Some of the leading automotive microcontroller companies are Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics NV, NXP Semiconductors NV, Texas Instruments Incorporated, Microchip Technology Inc., and Rohm Semiconductor Co., Ltd.