Global Automotive Microcontroller Units (MCUs) Market

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 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 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).

The 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. '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)'

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.

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.

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.

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Global Automotive Microcontroller Units (MCUs) Market

Report ID: SQMIG20D2160

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