Automotive Microcontrollers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
There is growing demand for convenience, advanced safety and comfort systems which is responsible for growth of automotive microcontrollers. Automotive microcontrollers are used for designing large, complex electronic systems or smaller independent applications. Microcontrollers are being used by automobile manufacturers for different requirements such as engine control, power steering, antilock brakes, and seating. An automotive microcontroller enables automatic control sensing and also helps in increasing speed of execution. It enhances safety features such as high temperature control and air bag control. Currently, they are being used in safety features, such as surround view cameras, automated braking & lighting, lane change warning advanced driver assistance systems (ADAS) and blind spot detection. Microcontrollers are also being installed in infotainment systems providing connectivity to vehicle network. Due to the enhancement in energy efficiency, adoption of hybrid electric vehicles are rising. Hybrid electric vehicles require relatively large number of microcontrollers as compared to conventional vehicles. Number of microcontrollers required for vehicles has increased due to modernization of vehicles. There is rapid increase in rate of deployment of advanced applications in mid-range and luxury vehicles.
Rising popularity for infotainment in automobiles is contributing to the increasing demand of automotive microcontrollers. Furthermore, strict automotive security and safety norms introduced by the government are supporting the utilization of automotive microcontrollers. There is rapid rise in installations of advanced driver assistance systems (ADAS), and rising preference of vehicle electrification among OEMs and Tier I suppliers. Thus, growing innovation of the vehicle accelerates the installation rate of microcontrollers, shift toward electric vehicles and reducing fuel consumption and emissions are the major factors which are anticipated to drive the market during the forecast period.
There are certain challenges related to cost and quality trade-off for manufacturing microcontrollers. Moreover, automobile microcontrollers of different specifications have complex designs. Furthermore, there are chances of operation failure in extreme conditions. Thus, rising demand for economic automobiles and increasing security threats are expected to restrain the market growth during the forecast period.
Global automotive microcontrollers market can be segmented on the basis of application, bit size connectivity, technology type, electric vehicle type, vehicle type and geography. Based on the application, the market is segmented into powertrain & chassis, safety & security, body electronics, telematics & infotainment. On the basis of bit size, the market is segmented into 8-bit microcontrollers, 16-bit microcontrollers, 32-bit microcontrollers and 32-bit microcontroller fusion box. In terms of connectivity, the global automotive microcontrollers market is segmented into vehicle to vehicle (v2v) connectivity, vehicle to infrastructure (v2i) connectivity and vehicle to cloud (v2c) connectivity. On the basis of technology type, the global market is segmented into park assist system, blind spot detection system, adaptive cruise control (ACC) and tyre pressure monitoring system (TPMS). In terms of electric vehicle type, the market is segmented into hybrid electric vehicles (HEV), battery electric vehicles (BEV), fuel cell electric vehicles (FCEV) and plug-in hybrid electric vehicles (PHEV). While, on the basis of vehicles, the market is segmented into passenger car and commercial vehicle. Moreover, geographical segmentation for automotive microcontrollers market includes North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The Asia-Pacific region has witnessed a growing demand for technologically advanced cars with the convergence of automotive, ICT, and transportation sectors.
Some of the key players operating in automotive microcontrollers market include Analog Devices, Inc., Atmel Corporation, Cypress Semiconductor Corporation, Infineon Technologies AG, Maxim Integrated, Microchip Technology Inc., NXP Semiconductors, on Semiconductor, Renesas Electronics Corporation, Rohm Semiconductor, STM microelectronics, Texas Instruments Incorporated and Toshiba Corporation. Players are adopting various strategies such as acquisitions & mergers, production innovation and others to gain competitive advantage in the market.
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