Automotive Microcontrollers Market

Automotive Microcontrollers Market: APEJ will be Most Lucrative Market for Automotive Microcontrollers by 2022-end: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2022)

Introduction

An automotive microcontroller refers to an integrated chip, which controls functioning of automobiles. The automotive microcontroller comprises an interrupt schedule circuitry, series & parallel interface, RAM, timer, and ROM in one single chip. For performing activities that need monitoring and controlling, an automotive microcontroller is utilised in systems, which are compact and have least component designs.

Microcontrollers are Now Being Employed in Sophisticated Safety Features

An automotive microcontroller enables automatic control sensing, enhances safety features in vehicles including high temperature control and air bag control, and increases speed of execution in vehicles. Automobile manufacturers have used microcontrollers over a long time, for the purpose of engine control, power steering, seating, and antilock brakes.

However, they are now being employed in sophisticated safety features such as advanced driver assistance systems (ADAS), lane change warning, surround view cameras, automated braking & lighting, and blind spot detection. Microcontrollers are also being used in infotainment systems, and offer connectivity to vehicle network.

Hybrid electric vehicles are gaining traction globally on the back of their energy efficiency, and these vehicles require a relatively large number of microcontrollers than regular vehicles.

Tags for Microcontrollers to Witness a Rise in the Near Future

The cost of microcontrollers has witnessed a decline over the past few years. However, tags for microcontrollers will increase in the upcoming years, thereby spurring their costs. This will further contribute to cost of vehicles. In addition, implementation of microcontrollers remains a challenging task for vehicle manufacturers owing to their complex designs.

A key trend being observed in the global automotive microcontrollers market is adoption of microchips that improve flexibility of vehicles in crucial situations, and enhance connectivity of a vehicle with its moving system.

Future Market Insights (FMI), in its new study, has projected the global market for automotive microcontrollers to register a double-digit CAGR during the forecast period (2017-2022). Revenues from the global automotive microcontrollers market are estimated to exceed US$ 1,500 Mn by 2022-end.

Tinned Steel to Account for Largest Revenue Share of the Market

Tinned steel will continue to be preferred material for automotive microcontrollers. Revenues from sales of tinned steel are projected to account for the largest share of the market during 2017 to 2022. Copper alloy is anticipated to remain the second most attractive material for automotive microcontrollers over the forecast period. Revenues from sales of copper alloy will account for over 30% share of the market through 2022.

In terms of revenues, North America is expected to lead the global automotive microcontrollers market in 2017. However, by 2022-end, Asia-Pacific excluding Japan (APEJ) is anticipated to be the largest market for automotive microcontrollers. In addition, the market in APEJ is projected to register the fastest expansion through 2022, followed by Middle East & Africa (MEA).

Heavy Commercial Vehicles Segment of Vehicle Type to Dominate the Market

On the basis of vehicle type, heavy commercial vehicles are expected to dominate the global automotive microcontrollers market in terms of revenues, followed by premium passenger cars and electric vehicles. However, sales of automotive microcontrollers in light commercial vehicles are projected to register a relatively higher CAGR through 2022.  

Brake control systems, and airbags are expected to remain the largest applications of automotive microcontrollers. Revenues from sales of automotive microcontrollers for application in brake control systems and airbags will collectively reach approximately US$ 460 Mn by 2022-end.

Company Profiles

Key players included in FMI’s report on automotive microcontrollers market are Texas Instruments Incorporated, NXP Semiconductors NV, STMicroelectronics NV, Microchip Technology Inc., Renesas Electronics Corporation, Silicon Labs Private Limited, Fujitsu Limited, Maxim Integrated Products, Inc., Infineon Technologies, and Toshiba Corporation.

Market Taxonomy

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Material Type

  • Tinned Steel
  • Nickel-Cobalt Ferrous Alloy
  • Copper Alloy

Vehicle Type

  • Compact Passenger Cars
  • Mid-sized Passenger Cars
  • Premium Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric vehicle

Application

  • Advanced Driver Assistance System
  • Parking Assist System
  • Brake control system
  • Electric Control Suspension
  • Airbags
  • Functional Safety Technology
  • Transmission Control
  • Start-Stop System
  • Electronic Power Steering System
  • Others

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Automotive Microcontrollers Market