Lucintel’s latest market report analyzed that automotive microcontroller provides attractive opportunities in the body electronic, chassis & powertrain, infotainment & telematic, and safety & security segment applications. The automotive microcontroller market is expected to reach $9.9 billion by 2028 with a CAGR of 7.2%. In this market, 32-bit microcontroller is the largest segment by bit size, whereas hybrid electric vehicles (HEV) is largest by electric vehicle.
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Based on bit size, the automotive microcontroller market is segmented into 8-bit microcontrollers, 16-bit microcontrollers, and 32-bit microcontrollers. The 32-bit microcontrollers segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing usage of this microcontroller in all the major applications of vehicles, like gearbox and central control units.
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The Automotive Microcontroller Market is marked by the presence of several big and small players. Some of the prominent players offering automotive microcontroller include Toshiba, Infineon, NXP Semiconductors, ON Semiconductor, and Analog Devices.
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