Automotive Microcontroller Unit (MCU) Market Driving Intelligence in Vehicles 2023 to 2030 | STMicroelectronics, Infineon, NXP, Renesas

“Automotive Microcontroller Unit (MCU) Market” Report provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.

By 2030, the automotive MCU market is expected to have grown from its 2021 valuation of USD 26.20 billion to USD 73.24 billion. From 2023 to 2030, the automotive MCU market is anticipated to expand at a compound annual growth rate (CAGR) of 9.4%. A number of reasons are likely to propel this growth, including the growing trend of electric and hybrid cars, the growing need for connected and sophisticated vehicles, and the growing emphasis on vehicle safety.  A particular kind of microcontroller created especially for use in automotive applications is known as an automobile microcontroller unit (MCU). Various electronic systems in cars, including entertainment, safety, body electronics, and engine management, are managed by MCUs, which are tiny embedded computers.

The Global Automotive Microcontroller Unit (MCU) Market is projected to grow at a CAGR of % from 2023 to 2030.

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Since microprocessors were originally incorporated into automobiles in the early 1970s, the automotive microcontroller unit (MCU) market has grown significantly. Since then, MCUs have grown to be vital parts of contemporary cars, handling a variety of tasks including entertainment, safety systems, body electronics, engine management, and powertrain control.

Top Key Players in this Automotive Microcontroller Unit (MCU) Market:
STMicroelectronics, Infineon, NXP, Renesas, Texas Instruments, Microchip Technology, Cypress Semiconductors, Analog Devices, Silicon Laboratories, Toshiba, AutoChips, ChipON, Sine Microelectronics, Chipways, BYD, NationalChip, AMEC, Allystar, C Core Technolog

Global Automotive Microcontroller Unit (MCU) Market Split by Product Type and Applications

This report segments the Automotive Microcontroller Unit (MCU) Market on the basis of Types:
8 Bit Microcontroller Unit
16 Bit Microcontroller Unit
32 Bit Microcontroller Unit
Others

On the basis of Application, the Automotive Microcontroller Unit (MCU) Market is segmented into:
Body Electronics
Chassis and Powertrain
Infotainment and Telematics

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The growing demand for connected and sophisticated cars is causing a fast shift of the automotive MCU industry. Numerous factors are driving this need, such as the growing acceptance of advanced driver-assistance systems (ADAS), the expanding popularity of electric cars (EVs), and the growing need for in-vehicle connection. These developments are causing MCU producers to create ever-more complex MCUs that are safer, more powerful, more energy-efficient than in the past. The strict global vehicle safety regulations are also being taken into consideration while designing these MCUs.

The biggest Automotive Microcontroller Unit (MCU) Market  is in Asia Pacific, which is followed by North America and Europe. The fast-paced growth of the automobile sector in nations like China and India is the main driver of the Asia Pacific region’s expansion. The biggest market for automotive MCUs is in Asia Pacific, which is followed by North America and Europe. Due in major part to the area’s robust automotive sector expansion, the Asia Pacific region is anticipated to maintain its position as the largest market during the projection period.

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