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Automotive Microcontrollers Market Size

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

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Automotive Microcontrollers Market Size

Automotive Microcontrollers Market was valued at over USD 13.2 billion in 2023 and is anticipated to grow at a CAGR of around 8% between 2024 and 2032. The increasing shift toward Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) is driving the demand for microcontrollers in battery management systems, electric powertrain control, and other related applications. According to an IEA report, the share of electric cars in total sales increased to over 14% in 2022 with over 10 million sales compared to over 4% in 2020. The transition to electric powertrains requires sophisticated power electronics including inverters and converters. Microcontrollers are essential for controlling these power electronics and managing the flow of electrical energy between the battery & the electric motor.

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Automotive microcontrollers are Integrated Circuits (ICs) embedded in vehicles, managing Electronic Control Units (ECUs) to control functions including engine performance, safety systems, and infotainment. These compact devices process real-time data from sensors, enabling precise control over vehicle components. They play a vital role in enhancing automotive performance, efficiency, and connectivity.

Automotive Microcontrollers Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive Microcontrollers Market Size in 2023:	USD 13.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8%
2032 Value Projection:	USD 25 Billion
Historical Data for:	2018 - 2023
No. of Pages:	220
Tables, Charts & Figures:	790
Segments covered:	Bit size, Vehicle Type, Propulsion Type, Application, End User & Region
Growth Drivers:	Rising trend of infotainment and in-car connectivity Growing consumer demand for safety and convenience Increasing vehicle electrification Rising demand for Advanced Driver Assistance Systems (ADAS)
Pitfalls & Challenges:	High development costs Rising complexity and integration challenges

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The design and development of advanced automotive microcontrollers involve substantial research, development & testing costs. The complexity of meeting stringent safety and quality standards adds to these expenses, potentially limiting market entry for some companies.

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.