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Automotive Microcontrollers Market Trends

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

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Automotive Microcontrollers Market Trends

The automotive industry has witnessed a growing integration of ADAS. Microcontrollers are at the forefront of this trend, enabling the processing of data from various sensors and cameras to implement features such as adaptive cruise control, automatic emergency braking & lane-keeping assistance. To meet the escalating processing demands of advanced applications, there is a notable shift toward employing multicore microcontrollers. These architectures facilitate parallel processing, enabling microcontrollers to handle multiple tasks simultaneously and improve the overall system performance.

The trend toward connected vehicles and V2X communication is driving the demand for microcontrollers with robust communication capabilities. These controllers enable vehicles to exchange information with each other and the surrounding infrastructure, contributing to enhanced safety & efficiency.

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.