Automotive Microcontrollers Market - By Bit Size (8-bit Microcontrollers, 16-bit Microcontrollers, 32-bit Microcontrollers), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Propulsion Type, By Application, By End User & Forecast, 2024 - 2032

Automotive Microcontrollers Market - By Bit Size (8-bit Microcontrollers, 16-bit Microcontrollers, 32-bit Microcontrollers), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Propulsion Type, By Application, By End User & Forecast, 2024 - 2032

The global automotive microcontrollers market is anticipated to expand at a CAGR of 8% during 2024-2032, driven by the integration of advanced driver assistance systems (ADAS), along with electric and hybrid vehicle revolution.

According to a report by The International Energy Agency in 2022, in just three years, electric car sales soared from 4% in 2020 to an impressive 14% in 2022, reflecting a significant shift toward sustainable mobility. The rise of electric and hybrid vehicles has amplified the demand for automotive microcontrollers. As automakers worldwide shift towards electrification, microcontrollers play a pivotal role in managing battery systems, power electronics, and other critical components. Moreover, the integration of advanced driver assistance systems (ADAS) and in-vehicle infotainment systems has been a major catalyst for industry growth.

The overall automotive microcontrollers industry is classified based on bit size, vehicle type, propulsion type, application and region.

The safety & security application segment is expected to grow rapidly till 2032, driven by increased demand for vehicle safety, rising consumer awareness, and strict government regulations. The security aspect is crucial, with microcontrollers playing a pivotal role in safeguarding vehicles from cyber threats. As modern vehicles become increasingly connected, the risk of cyber-attacks has grown, making robust security systems imperative.

The 8-bit microcontrollers segment is set for decent growth during the forecast period, owing to their simplicity and efficiency which makes them ideal for automotive functions like basic engine control. Moreover, their cost-effectiveness and versatility contribute to the overall efficiency of vehicle electronic systems.

Asia Pacific automotive microcontrollers market share is poised to witness swift growth by 2032, owing to the dynamic automotive landscape and rapid technological advancements. Countries such as China, Japan, and South Korea, with a huge population base, laying a strong emphasis on electric and autonomous vehicles. This will create a lucrative growth landscape for the market players in the APAC region.