Automotive Microcontrollers (MCU) Market Size to Grow USD 11620 Million by 2029 at a CAGR of 7% | Valuates Reports

BANGALORE, India, April 15, 2024 /PRNewswire/ --  Automotive Microcontrollers (MCU) Market is Segmented by Type (8-Bit Microcontrollers, 16-Bit Microcontrollers, 32-Bit Microcontrollers), by Application (Body Electronics, Chassis and Powertrain, Infotainment and Telematics).

Automotive Microcontrollers (MCU) Market Revenue was USD 7194 Million in 2022 and is forecast to a readjusted size of USD 11620 Million by 2029 with a CAGR of 7.0% during the forecast period (2023-2029).

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-12E16161/Global_and_India_Automotive_Microcontrollers_MCU_Market

Major Factors Driving the Growth of Automotive Microcontrollers (MCU) Market:

The expanding breadth and complexity of automotive electronics, fueled by trends like vehicle electrification, connected car technologies, advanced driver assistance systems (ADAS), and the merging of infotainment and telematics systems, is driving the growth of the automotive microcontrollers (MCU) market. The market is growing as a result of the increasing demand for high-performance microcontroller solutions that can handle a wide range of functions from automakers looking to improve vehicle performance, safety, and user experience.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-12E16161/global-and-india-automotive-microcontrollers-mcu

TRENDS INFLUENCING THE GROWTH OF AUTOMOTIVE MICROCONTROLLERS MARKET

The market for automotive microcontrollers (MCUs) is expanding significantly due to the increased use of advanced driver assistance systems (ADAS) in automobiles. Microcontrollers play a major role in processing sensor data and carrying out control operations for advanced driver assistance systems (ADAS), including adaptive cruise control, lane departure warning, and automated emergency braking. Great-performance microcontrollers with sophisticated processing capabilities are in great demand as automakers work to improve automation and safety features. Another key factor driving the Automotive MCU market is the trend towards electric and hybrid cars. Powertrain components, battery systems, and energy efficiency algorithms are managed by complex electronic control units (ECUs) driven by microcontrollers in electric and hybrid cars.

The need for automotive microcontrollers is being driven by the spread of connected automobile technology. Numerous connection features found in modern cars, such as telematics, infotainment systems, and vehicle-to-everything (V2X) communication, depend on reliable microcontroller solutions to provide smooth data processing and transfer. Microcontrollers with increased processing power and communication capabilities are becoming more and more popular as a result of customer demand for in-car connectivity, navigation, and entertainment systems.

One of the main factors fueling the growth of the automotive MCU market is the development of autonomous driving systems. Microcontrollers are the brains behind real-time processing of sophisticated algorithms, sensor fusion, and decision-making in autonomous vehicle technology.

The use of Automotive Microcontrollers with improved sensor interfaces, real-time processing capabilities, and safety-critical functions is being driven by consumer demand for increased car safety features. In order to increase road safety and minimize accidents, microcontrollers are essential for allowing features like collision detection, pedestrian identification, and driver monitoring systems. Automotive manufacturers are incorporating advanced microcontroller-based safety systems into their vehicles to comply with worldwide safety rules and improve their brand's image.

The automobile industry's focus on sustainability and energy efficiency is having an impact on the development of microcontrollers that are optimized for low power consumption, temperature control, and environmentally friendly production methods. Advanced power-saving microcontrollers allow automakers to minimize their environmental effect, increase battery longevity, and improve energy efficiency. The market is predicted to rise as demand for energy-efficient microcontroller solutions increases and sustainability becomes a top concern for both regulators and customers.

Buy Now: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-12E16161&lic=single-user

AUTOMOTIVE MICROCONTROLLERS MARKET SHARE ANALYSIS

NXP Semiconductors, Renesas Electronics, and Microchip Technology are three of the industry's leading manufacturers; in 2019, their respective revenue shares were 23.04%, 22.13%, and 14.96%.

The automotive microcontroller (MCU) market in North America is supported by the region's robust automotive sector, technological advancements, and growing uptake of advanced driver assistance systems (ADAS) and electric cars. North America is a center for technical developments in microcontroller-based automotive applications since it is home to a sizable number of important semiconductor manufacturers and automakers. Furthermore, the incorporation of modern MCU solutions is driven by strict safety and pollution standards, especially in the electric vehicle and ADAS industries.

Purchase Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-12E16161/Global_and_India_Automotive_Microcontrollers_MCU_Market

Key Companies:

• Renesas Electronics
• Microchip Technology
• NXP Semiconductors
• Infineon Technologies
• STMicroelectronics
• Texas Instruments
• Cypress Semiconductors
• Analog Devices
• Silicon Laboratories
• Toshiba

Purchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-12E16161/Global_and_India_Automotive_Microcontrollers_MCU_Market

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

-  Microcontroller market was valued at USD 26960 Million in 2023 and is anticipated to reach USD 39230 Million by 2030, witnessing a CAGR of 4.8% during the forecast period 2024-2030.

-  Flash ARM Microcontroller Market

-  Single Chip Microcontroller Market

-  32 Bit Microcontrollers market was valued at USD 15100 Million in 2023 and is anticipated to reach USD 16730 Million by 2030, witnessing a CAGR of 1.5% during the forecast period 2024-2030.

-  Global and Europe Automotive Microcontrollers (MCU) Market

-  Secure Microcontrollers market is projected to reach USD 2948.9 Million in 2029, increasing from USD 2150 Million in 2022, with a CAGR of 6.5% during the period of 2023 to 2029.

-  High Voltage Microcontrollers Market

-  USB-C High Voltage Microcontrollers Market

-  8051 Microcontrollers Market

-  Automotive Grade Microcontroller Market

-  MCU Market revenue was USD 19040 Million in 2022 and is forecast to a readjusted size of USD 26540 Million by 2029 with a CAGR of 4.8% during the forecast period (2023-2029).

-  IoT Microcontroller (MCU) market was valued at USD 3461 Million in 2023 and is anticipated to reach USD 7385.8 Million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.

-  ARM Microcontrollers Market was estimated to be worth USD 11240 Million in 2023 and is forecast to a readjusted size of USD 19010 Million by 2030 with a CAGR of 7.7% during the forecast period 2024-2030.

-  Semiconductor Materials market size is projected to reach USD 52410 Million by 2028, from USD 40420 Million in 2021, at a CAGR of 3.3% during 2022-2028.

-  Microcontrollers for Consumer Electronics Market

-  Medical Devices Microcontrollers (MCU) market is projected to reach USD 675 Million in 2029, increasing from USD 415 Million in 2022, with a CAGR of 8.1% during the period of 2023 to 2029.

-  4 Bit Microcontroller Unit(MCU) Market

-  ARM Based Microcontroller Market

-  32-bit Automotive Microcontrollers (MCU) market was valued at USD 3000 Million in 2022 and is anticipated to reach USD 5893.1 Million by 2029, witnessing a CAGR of 9.6% during the forecast period 2023-2029.

-  ARM Flash Microcontrollers Market

-  4 Bit Microcontroller Unit(MCU) Market

DISCOVER OUR VISION: VISIT ABOUT US!

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

YOUR FEEDBACK MATTERS: REACH OUT TO US!

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/
Twitter: https://twitter.com/valuatesreports
Facebook: https://www.facebook.com/valuatesreports/
https://www.facebook.com/valuateskorean
https://www.facebook.com/valuatesspanish
https://www.facebook.com/valuatesjapanese
https://valuatesreportspanish.blogspot.com/
https://valuateskorean.blogspot.com/
https://valuatesgerman.blogspot.com/
https://valuatesreportjapanese.blogspot.com/

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg