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(USGovernment-News.Com, November 27, 2018 ) According to recent research “Automotive Microcontrollers Market by Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), Technology (ACC, Blind Spot Detection, Park Assist, TPMS), Vehicle, EV, Bit Size, Connectivity, and Region - Global Forecast to 2022" The global automotive microcontrollers market size is estimated to be USD 989.2 Million in 2017 and is projected to grow to USD 1,886.4 Million by 2022, at a CAGR of 13.78%.
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Automated electronic control technologies for automotive systems such as advanced driver assistance systems (ADAS), electronic stability control (ESC), and electronic control unit (ECU) have been evolving year after year. The new trend in the automotive industry is to manufacture vehicles that feature advanced technologies with the optimized weight-cost ratio.
Safety and security system is estimated to hold the largest market share of this market, by application, due to increased adoption of advanced single and multi-core microcontrollers in an automobile. Factors contributing to the growth of this segment include the mandates related to safety and security features. These include the mandatory installation of ABS in passenger cars from 2018 in India and the regulation regarding the installation of TPMS in commercial vehicles in many countries of the world.
By bit-size segmentation, the market for 32-bit microcontrollers is estimated to experience the highest growth during the forecast period. With the advent of the era of electric vehicles, the use of advanced power electronics components has increased. The 32-bit microcontrollers are widely used in all the major advanced applications of electric as well as conventional vehicles.
By electric vehicle type, HEV is estimated to hold the largest share of the automotive microcontrollers market during the forecast period. The market growth can be attributed to the high level of production of HEVs during the forecast period. Also, the installation of 32-bit multi-core/fusion box microcontrollers is higher in this segment, as compared to IC engine vehicles, because of the complexed power distribution of the vehicle.
Asia-Pacific is estimated to lead the automotive microcontrollers market during the forecast period, followed by North America and Europe. The European market is growing at a steady pace as most of the vehicles are equipped with high-end electronics and safety features. The North American market is experiencing a balanced growth, in terms of value and volume, as the microcontrollers market has gained popularity in the region. The existing vehicles in North America are already equipped with advanced safety features and body electronics, which serve the majority of the market.
The global automotive microcontrollers market is dominated by a few players such as NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Toshiba Corp. (Japan), and Texas Instruments Inc. (U.S.) along with another tier I and II suppliers.
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