The global automotive microcontroller market is projected to reach $9.9 billion by 2028, at a CAGR of 7.2% during 2023-2028. The growth of automotive microcontroller market is driven by high demand for safety features in vehicles and an increase in demand for capacitive touch sensing button sliders and wheels.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the automotive microcontroller market by electric vehicle (battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles), bit size (8-bit microcontrollers, 16-bit microcontrollers, and 32-bit microcontrollers), technology (adaptive cruise control, park assist system, blind spot detection, and tire pressure monitoring system), application (body electronics, chassis & powertrain, infotainment & telematics, and safety & security segments), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the automotive microcontroller market?
Q.4 What are some changing demands of customers in the automotive microcontroller market?
Q.5 What are the new developments in the automotive microcontroller market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive microcontroller area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this automotive microcontroller market?
Market Segmentation:
Based on bit size, the automotive microcontroller market is segmented into 8-bit microcontrollers, 16-bit microcontrollers, and 32-bit microcontrollers. The 32-bit microcontrollers segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing usage of this microcontroller in all the major applications of vehicles, like gearbox and central control units.
APAC will remain the largest region due to significant growth in automotive production and increasing demand for vehicles equipped with advanced body electronics and safety features in countries, like South Korea and Japan.
Key Players in the automotive microcontroller market are Toshiba, Infineon, NXP Semiconductors, ON Semiconductor, and Analog Devices.
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Roy AlmaguerLucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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