Automotive-grade MCU Producers and Automotive-grade MCU Market Trend
The global market for automotive-grade microcontroller units (MCUs) has experienced substantial growth over the past few years and is expected to continue its upward trajectory. With an increasing demand for advanced electronic systems in vehicles, the market is poised to expand significantly. This article presents an overview of the automotive-grade MCU market, its definition, applications, key suppliers, and projected growth figures.
Automotive-grade MCUs are specialized microcontroller units designed specifically for use in vehicles. These advanced electronic components serve as the brain of various automotive systems, enabling functions such as engine control, safety features, infotainment systems, and more. Automotive-grade MCUs are built to withstand the harsh operating conditions of the automotive environment, including temperature variations, vibrations, and electromagnetic interference.
In 2018, the global market for automotive-grade MCUs was valued at $5.8 billion. By 2023, it is projected to reach $9.2 billion, representing a compound annual growth rate (CAGR) of 9.7% during the period. The increasing integration of electronics in vehicles and the rising demand for advanced driver assistance systems (ADAS) are driving the market's growth. Looking ahead, the market is expected to expand further, reaching $12.7 billion by 2028, with a CAGR of 6.7% from 2023 to 2028.
The global automotive-grade MCU market is dominated by several key suppliers, each playing a significant role in driving innovation and meeting the growing demand. The major suppliers and their market shares in 2022 are as follows:
Renesas (30.3%)
NXP Semiconductors (26.2%)
Infineon Technologies (22.8%)
Texas Instruments (7.1%)
Microchip Technology (6.9%)
STMicroelectronics (4.8%)
These suppliers have established their presence in the market by offering a wide range of automotive-grade MCUs that meet the stringent requirements of the automotive industry. They continually invest in research and development to introduce advanced features and improve performance, enhancing their competitive edge.
The demand for automotive-grade MCUs is spread across various regions worldwide, reflecting the global nature of the automotive industry. Major sales regions include North America, Europe, Asia Pacific, and Latin America. These regions are witnessing a significant rise in vehicle production, coupled with the growing adoption of electric and autonomous vehicles. Additionally, emerging economies in Asia Pacific and Latin America are experiencing rapid industrialization and urbanization, further driving the demand for automotive-grade MCUs.