Press release
Global Automotive Microcontrollers Market Share to Reach $24.49 Billion by 2029, Growing at 9.2% CAGR
Automotive Microcontrollers Market Share
The growth of the automotive microcontrollers sector is being bolstered by an increasing interest in autonomous vehicles. These driverless vehicles can function and execute necessary actions without the need for human interference. The ability to respond to external conditions is made possible through a fully automated driving system embedded in the vehicle. Support for applications related to autonomous driving is offered by multicore microcontroller families. As an example, a report in December 2022 stated that the Insurance Institute for Highway Safety, a non-profit based in the US, projected a number of 3.5 million autonomous cars to be present in the US by 2025. Furthermore, there is an expectation of 4.5 million autonomous vehicles on the roads by 2030. Hence, it's clear that the escalating demand for autonomous vehicles will propel the automotive microcontrollers market forward.
Get Your Automotive Microcontrollers Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-microcontrollers-global-market-report
How will the growth rate of the automotive microcontrollers market shape industry trends by 2034?
In recent times, there has been a significant expansion in the automotive microcontrollers market. This market is projected to augment from a value of $15.77 billion in 2024 to around $17.25 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.3%. The notable growth recorded in the past period can be linked to several factors such as an increase in disposable income, heightened merger and acquisition activities, the rise of emerging markets, and a surge in global population.
In the coming years, the automotive microcontrollers market is anticipated to witness robust growth, propelling it to a value of $24.49 billion by 2029, corresponding to a compound annual growth rate (CAGR) of 9.2%. This surge during the forecast period is likely influenced by factors such as the escalating demand for autonomous vehicles, increased commercial vehicles, burgeoning automotive industry, favourable government policies, and the growing attractiveness of electric vehicles. Key trends projected to manifest during this period include an emphasis on technologically advanced solutions, strategic collaborations, product innovation, concentration on the role of microcontrollers in electric vehicles, and the adoption of microchips that enhance a vehicle's adaptability in critical situations.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5781&type=smp
What trends are poised to drive the future success of the automotive microcontrollers market?
Innovating new products has become an essential trend in the auto microcontrollers industry. Major entities in this marketplace are centering their efforts on crafting new tech solutions to solidify their standing. For instance, STMicroelectronics, a Franco-Italian multinational based in Geneva that manufactures electronics and semiconductors, unveiled their new automotive microcontrollers (MCUs) in February 2022. These are tailored for centralized (domain and zonal) electronic structures and electric vehicles (EVs). These MCUs make EVs more user-friendly and boost their range, in addition to enhancing their charging speed.
Which primary segments of the automotive microcontrollers market are driving growth and industry transformations?
The automotive microcontrollers market covered in this report is segmented -
1) By Type: 8 Bit, 16 Bit, 32 Bit
2) By Vehicle Type: Passenger ICE Vehicle, Commercial ICE Vehicle, Electric Vehicle
3) By Connectivity: Vehicle To Vehicle (V2V) Connectivity, Vehicle To Infrastructure (V2I) Connectivity, Vehicle To Cloud (V2C) Connectivity
4) By Technology: Adaptive Cruise Control, Park Assist System, Blind Spot Detection, Tire Pressure Monitoring System
5) By Application Type: Powertrain and Chassis, Body Electronics, Safety And Security Systems, Infotainment And Telematics
Subsegments:
1) By 8 Bit: Standard 8-Bit Microcontrollers, Low-Power 8-Bit Microcontrollers
2) By 16 Bit: General-Purpose 16-Bit Microcontrollers, Enhanced 16-Bit Microcontrollers
3) By 32 Bit: High-Performance 32-Bit Microcontrollers, Real-Time 32-Bit Microcontrollers
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5781
Which geographical regions are pioneering growth in the automotive microcontrollers market?
Asia-Pacific was the largest region in the automotive microcontrollers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive microcontrollers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the automotive microcontrollers market landscape?
Major companies operating in the automotive microcontrollers market include STMicroelectronics N.V., Infineon Technologies AG, Renesas Electronics Corporation, Microchip Technology Inc., NXP Semiconductors N.V., Texas Instruments Incorporated, Toshiba Corporation, ROHM Semiconductor, Analog Devices Inc., ON Semiconductor, Cypress Semiconductor Corp, ARM LTD, Fujitsu Limited, Panasonic Corporation, Saankhya Labs, ASM Technologies, Broadcom Inc, CDIL, GigaDevice, CR Micro, Silan, Dialog Semiconductor Plc, Elmos Semiconductor and Arm, Maxim Integrated, Nuvoton Technology Corporation, Mitscholl electronics co. llc
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=5781&type=smp
What Is Covered In The Automotive Microcontrollers Global Market Report?
•Market Size Forecast: Examine the automotive microcontrollers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive microcontrollers market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive microcontrollers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive microcontrollers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive microcontrollers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive microcontrollers market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive microcontrollers market.
•Competitive Landscape: Review strategic developments in the automotive microcontrollers market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Microcontrollers Market Share to Reach $24.49 Billion by 2029, Growing at 9.2% CAGR here
News-ID: 3898100 • Views: …
More Releases from The Business Research Company
Comprehensive 2025 Biological Treatment Technologies Market Overview: Trends, Fo …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Biological Treatment Technologies Market Through 2025?
The market size for biological treatment technologies has seen a solid expansion in the last few years. It is projected to increase from $2.74 billion in 2024 to around $2.96 billion in 2025, with a compound…
Key Trends Influencing the Growth of the Before The Event (BTE) Insurance Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Before The Event (BTE) Insurance Market Through 2025?
In recent years, the "before the event" (BTE) insurance market has been expanding at a robust rate. Its size is projected to increase from $2.42 billion in 2024 to $2.66 billion in 2025, with…
Increasing Adoption Of Contactless Payment Solutions Fuelling The Growth Of The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Banking And Financial Smart Cards Market Through 2025?
The market size for banking and financial smart cards has seen fast-paced growth in the recent past. Forecasts predict the market to rise from $13.63 billion in 2024 to $15.29 billion by 2025, an…
Rising Geopolitical Tensions Fueling The Growth Of The Market Due To Increasing …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Automatic Grenade Launcher Market Through 2025?
The market for automatic grenade launchers has experienced substantial growth over the recent years. It is projected to surge from $1.18 billion in 2024 to $1.26 billion in 2025, recording a compound annual growth rate (CAGR)…
More Releases for Micro
Micro and Ultra-Micro Balances Market Size Report 2025
"Global Micro and Ultra-Micro Balances Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031" is published by Global Info Research. It covers the key influencing factors of the Micro and Ultra-Micro Balances market, including Micro and Ultra-Micro Balances market share, price analysis, competitive landscape, market dynamics, consumer behavior, and technological impact, etc.At the same time, comprehensive data analysis is conducted by national and regional sales, corporate competition rankings,…
Micro Mobility Revolution: Exploring the Growing Micro Cars Market
The term micro car is used for small-sized and lightweight cars, with an engine small than 700 cc. Bubble cars, cycle cars and quadricycles are defined as micro cars. This is usually three-wheeled and four-wheeled vehicle, available for personal and commercial usage. It is often used as a second or commuter car due to its low cost and fuel efficiency. This car is suitable for urban and suburban environment, as…
Micro Injection Molded Plastic Market worth $1,692 million by 2026 | Key players …
According to recent market research the "Micro Injection Molded Plastic Market by Material Type (Liquid-Crystal Polymer (LCP), Polyether Ether (PEEK), Polycarbonate (PC), Polyethylene (PE), Polyoxymethylene (POM)), Application and Region - Global Forecast to 2026", published by MarketsandMarkets, the micro injection molded plastic market is projected to reach USD 1,692 million by 2026, at a CAGR of 11.2% from USD 995 million in 2021.
Micro injection molded plastics are made of micro…
Micro Combined Heat & Power (Micro CHP) Market 2022 | Detailed Report
The Micro Combined Heat & Power (Micro CHP) research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Micro Combined Heat & Power (Micro CHP) research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope,…
Micro-Invasive Glaucoma Implants Micro-Invasive Glaucoma Implants
Global Micro-Invasive Glaucoma Implants Market Definition: Micro-invasive glaucoma implants is performed for the treatment of the open- angle glaucoma and is done through an ab- interno approach. It is very safe and provides faster recovery as compared to the traditional methods. They usually lower the intraocular by increasing the flow or reducing the production of the aqueous humor. Increasing cases of the glaucoma worldwide is the major factor fueling the…
Comprehensive Analysis On Micro Welding Equipment Market 2019 : Pro-Fusion, OR L …
Up Market Research added a new Micro Welding Equipment Market research report for the period of 2019 – 2026. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Get Sample Copy Of This Report @
https://www.upmarketresearch.com/home/requested_sample/108038
The report contains 112 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing…
