What are the latest figures on the automotive microcontrollers market’s size and projected CAGR?
The automotive microcontrollers market size has grown strongly in recent years. It will grow from $15.77 billion in 2024 to $17.25 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rise in disposable income, a rise in merger and acquisition activity, emerging markets growth, and increasing population growth.
The automotive microcontrollers market size is expected to see strong growth in the next few years. It will grow to $24.49 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to growing demand for driverless vehicles, increasing demand for commercial vehicles, increasing automotive sector and supportive government regulations and rising demand for electric vehicles. Major trends in the forecast period include focus on technological advancement, focus on strategic partnerships, focus on product innovations, focus on use of microcontrollers in electric vehicles and focus on adoption of microchips that improve flexibility of vehicles in crucial situations.
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Which Market drivers have played a significant role in driving the automotive microcontrollers market?
Growing demand for driverless vehicles is contributing to the growth of the automotive microcontrollers market. An autonomous vehicle can operate itself and perform necessary functions without human intervention. An autonomous vehicle utilizes a fully automated driving system to allow the vehicle to respond to external conditions. Multicore microcontroller families support autonomous driving applications. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, there were projected to be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025. Additionally, 4.5 million autonomous vehicles are expected to be on the road by 2030. Growing demand for driverless vehicles will drive the automotive microcontrollers market.
What are the key segments within the automotive microcontrollers market?
The automotive microcontrollers market covered in this report is segmented –
1) By Type: 8 Bit, 16 Bit, 32 Bit
2) By Vehicle Type: Passenger ICE Vehicle, Commercial ICE Vehicle, Electric Vehicle
3) By Connectivity: Vehicle To Vehicle (V2V) Connectivity, Vehicle To Infrastructure (V2I) Connectivity, Vehicle To Cloud (V2C) Connectivity
4) By Technology: Adaptive Cruise Control, Park Assist System, Blind Spot Detection, Tire Pressure Monitoring System
5) By Application Type: Powertrain and Chassis, Body Electronics, Safety And Security Systems, Infotainment And Telematics
Subsegments:
1) By 8 Bit: Standard 8-Bit Microcontrollers, Low-Power 8-Bit Microcontrollers
2) By 16 Bit: General-Purpose 16-Bit Microcontrollers, Enhanced 16-Bit Microcontrollers
3) By 32 Bit: High-Performance 32-Bit Microcontrollers, Real-Time 32-Bit Microcontrollers
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Which key players are shaping the automotive microcontrollers market?
Major companies operating in the automotive microcontrollers market include STMicroelectronics N.V., Infineon Technologies AG, Renesas Electronics Corporation, Microchip Technology Inc., NXP Semiconductors N.V., Texas Instruments Incorporated, Toshiba Corporation, ROHM Semiconductor, Analog Devices Inc., ON Semiconductor, Cypress Semiconductor Corp, ARM LTD, Fujitsu Limited, Panasonic Corporation, Saankhya Labs, ASM Technologies, Broadcom Inc, CDIL, GigaDevice, CR Micro, Silan, Dialog Semiconductor Plc, Elmos Semiconductor and Arm, Maxim Integrated, Nuvoton Technology Corporation, Mitscholl electronics co. llc
Which transformative trends will shape the automotive microcontrollers market landscape?
Product innovation is a key trend gaining popularity in the automotive microcontrollers market. Major companies operating in the automotive microcontrollers market are focused on developing new technological solutions to strengthen their position in the market. For instance, in February 2022, STMicroelectronics, a Geneva-based Franco-Italian multinational electronics and semiconductor manufacturer launched new automotive microcontrollers (MCUs) designed for centralized (domain and zonal) electronic architectures and electric vehicles (EVs). They make EVs more accessible and allow for a longer range and quick charging.
How do regional factors impact the automotive microcontrollers market, and which region is the largest contributor?
The countries covered in the automotive microcontrollers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Automotive Microcontrollers Market Report 2025 Offer?
The automotive microcontrollers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Automotive microcontrollers refer to self-contained systems consisting of processors, memory, and peripherals, and are used as embedded systems. The system uses an integrated chip that is used to control the functions in automobiles. Microcontrollers are used in a system that is small and consists of the least number of components and it is used in automobiles are remote control systems, operating systems, and automobile audio systems.
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