Microcontrollers are processors embedded on a large integrated chip containing memory, processor, input/output devices and peripheral. They are installed in electronic devices like remote controls, machines, etc. The technology used in microcontrollers is to ensure smooth running of various advanced components in vehicles which provides better driving experience to drivers.
The increased automation has created a huge demand for microcontrollers which are responsible for automatic operation of features in vehicles. Better and efficient microcontrollers designed for vehicles are responsible to carry out tasks such as efficient operations of vehicles and also controlling advanced functions of vehicles. Development across the globe is carried out for better and efficient microcontrollers supplement the automotive industry and also is a major growth driver for the microcontroller market. However, factors such as operational failure in climatic conditions and high initial cost and complex structure of microcontrollers is a major restraint in the development of the market.
The report outlines various characteristics of the global Automotive Microcontroller market by assessing the market from Value Chain Analysis. Moreover, the Automotive Microcontroller market report comprises various qualitative parts of the Automotive Microcontroller industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
The Automotive Microcontroller market has solid competition amongst the already well-known and new market players. Also, the Automotive Microcontroller industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
Geographically global Automotive Microcontroller Market is divided into North America, Europe, Asia Pacific, Middle East & Africa and South America. Globally, Asia Pacific has the highest share in the Automotive Microcontrollers market followed by North America and Europe. The majority of the market is South Korea and Japan region and is fuelled by vehicles which are equipped with advanced body electronics and safety features. Upcoming safety legislations in Asia Pacific region will further drive the growth of the market. The European market is also growing as most of the vehicles are equipped with high end electronics and safety measures. The North American market is undergoing a stable growth as the Microcontrollers have gained a lot of popularity in the market.
The major players in the Automotive Microcontroller Market are Infineon Technologies, Toshiba Corporation, Fujitsu Limited, Maxim Integrated Products Inc., Microchip Technology Inc., Silicon Labs Private Limited and others.
Key Segments of the Global Automotive Microcontroller Market
Technology Overview, 2018-2028 (USD Billion)
- Park Assist System
- Blind Spot Detection System
- Adaptive Cruise Control
Application Market Overview, 2018-2028 (USD Billion)
- Powertrain and Chassis
- Safety & Security
- Body Electronics and Management
- Telematics and Infotainment
Vehicle Type Market Overview, 2018-2028 (USD Billion)
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicle
Regional Overview, 2018-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East and Africa
- South America
- Rest of South America