Automotive Microcontrollers Market – Industry Analysis and Forecast (2017-2024)_by bits size (8-bit microcontrollers, 16-bit microcontrollers, 32-bit microcontrollers and 32-bit microcontrollers Fusion Box), technology (ACC, TPMD, Park Assist system and other), connectivity(V2V, V2I, V2C),Electrical Vehicle(BEV, HEV, PHEV and FCEV), Vehicle(Passenger car and Commercial Vehicle), Application (Safety and Security Systems, Power train and Chassis, Infotainment and Telemetric and Body Electronics), and Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)

Automotive Microcontrollers Market is expected to grow from USD 79.73 Billion in 2016 to USD 169.64 Billion by 2024, at a CAGR of 11.39% between 2017 and 2024.

Automotive microcontroller stands for integrated chip, which controls functioning of automobiles. Factors expected to drive the Market growth are microcontrollers enhances safety features in vehicles including high temperature control and air bag control, and increases speed of execution in vehicles. Furthermore, microcontrollers 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 this is expected to fuel the Automotive Microcontrollers Market growth.

Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the on bit size, technology, application, connectivity, EV type, vehicle type, and geography to assist in strategic business planning.

Increasing modernization of the vehicle accelerates the installation rate of the microcontrollers and are trending the overall Global Automotive Microcontrollers market. However, increasing rate of cyber threats and demand for low-cost vehicle in the developing economies are estimated to restrain the market growth.

Safety and Security Application sub segment is expected to witness the significant growth

Safety and Security segment is expected to lead the market growth in forecast period, Use of safety and security system microcontrollers market has increased with the increment in adopting the advanced single and multi-core microcontrollers in an automobile sector are expected to drive Safety and Security segment growth.

APAC is expected to register the highest growth rate in Market during forecast period

APAC is expected to lead the Automotive Microcontrollers Market during the forecast period. The majority of the market in the South Korea’s and Japan region is fuelled by the vehicles which are already equipped with advanced body electronics and safety features.

Scope of the Report:

Automotive Microcontrollers Market, By Bit Size: 8-bit Microcontrollers, 16-Bit Microcontrollers and 32-Bit Microcontrollers

Global Automotive Microcontrollers Market, By Technology: Park Assist System, Adaptive Cruise Control, Blind Spot Detection and Tire Pressure Monitoring System

Automotive Microcontrollers Market, By Connectivity: Vehicle to Vehicle (V2V) Connectivity, Vehicle to Infrastructure (V2I) Connectivity and Vehicle to Cloud (V2C) Connectivity

Automotive Microcontrollers Market, By EV Type: BEV, HEV, PHEV and FCEV

Automotive Microcontrollers Market, By Vehicle Type: Passenger Cars (PC) and Commercial Vehicles (CV)

Automotive Microcontrollers Market, By Application: Safety and Security Systems, Power train and Chassis, Infotainment and Telemetric and Body Electronics

Automotive Microcontrollers Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America