Automotive Microcontroller Market Share to Record Steady Growth by 2024

Automotive Microcontroller Market: Overview

The automotive microcontroller is an integrated chip that controls the functioning of the automobiles. In a single chip, the microcontroller consists of ROM, timer, RAM, serial and parallel interface, and interrupt schedule circuitry. In order to perform the activities that require the functionality of controlling and monitoring, the automotive microcontroller is used in the systems that are small and that have least component designs. The automatic automobile devices make use of the automotive microcontrollers which includes the remote control system, operating system, automobile air bag system, and automobile audio system.

Automotive Microcontroller Market: Facts

The market players are investing more in the development of the software that is required for the proper functioning of the automobiles. As a solution, the Freescale Semiconductor launched the first automotive microcontroller in order to increase the speed and simplify the process of the software development. In the ARM Cortex architecture, the S32K was adopted.

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Automotive Microcontroller Market: Segmentation

The global market for the automotive microcontroller is fragmented into its applications and the materials used. Based on the application, the global market is segregated into parking assist system, electric control suspension, functional safety technology, start-stop system, electronic power steering system, advanced driver assistance system, brake control system, airbags, transmission control, pump control, and power slide door. Based on the materials used, the market is categorized into nickel-cobalt ferrous alloy, tinned steel, and copper alloy.

Automotive Microcontroller Market: Growth Factors

The key factor that is driving the automotive microcontroller market is the latest advancements that are made in the transportation systems which include the roadways and the railways. The automotive microcontroller is used for the automatic control sensing. The automotive microcontroller is used to enhance the safety features in the vehicles such as air bag control and high-temperature control. Use of the automotive microcontrollers increase the speed of the execution, hence owing to all these factors the demand for the automotive controllers are increasing in the market. The fact that is limiting the growth of the market is the complex architecture of the system.

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Automotive Microcontroller Market: Regional Analysis

The major share of the automotive microcontroller market is held by the regions such as Eastern Europe and North America. These regions lead the market in terms of revenue and production. The regions that are following these regions are Western Europe and Asia Pacific regions. It is expected that these regions will experience a good market growth in the coming years owing to the fact that the use of automotive microcontroller makes the transportation easy and enhances the safety measures. The automotive microcontroller market is witnessing a sluggish market growth in the Latin America and the Middle East and Africa regions.

Automotive Microcontroller Market: Competitive Players

The key market players that are involved in the automotive microcontroller market include Microchip Company, Renesas Technology Corp., Dallas Semiconductor, ST Microel-Electronics, Freescale Semiconductor Company, Texas Instruments, Silicon Labs, Intel Corporation, Fujitsu Semiconductor Europe, and ZiLog Company.

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Automotive Microcontroller Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.