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Automotive Microcontrollers Market Size, Share - Global Industry Trend and Forecast 2017 - 2025
The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.Acute Renal Failure Market: Industry Size, Share, Growth, Forecasts.
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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.
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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.
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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.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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