Analog Devices Inc. (U.S.) and Cypress Semiconductor Corporation (U.S.) are the Key Players in the Automotive Microcontrollers Market
The automotive microcontrollers market is estimated to grow at a CAGR of 8.29% during the forecast period, to reach USD 13.23 billion by 2023. The most significant factor driving the automotive microcontrollers market is the increasing vehicle production, which, in turn, is leading to the rise in demand for advanced microcontrollers in the automobile. Rising trend of vehicle electrification and growing demand for advanced safety, convenience, and comfort systems are the other factors driving the growth of the automotive microcontrollers market.
Increased demand for high-end vehicles and growing stringency of emission regulations have changed the market dynamics for automotive microcontroller manufacturers. Along with this, the leading OEMs are also adopting collaboration strategies with local players to expand their product base and customers. For example, in April 2017, Analog Devices, Inc. and Renesas Electronics Corporation (Japan) announced a collaboration for the development of a system level 77/79-GHZ RADAR sensor that will improve ADAS applications and enable autonomous driving vehicles. This sensor includes Renesas’s RH850/V1R-M Microcontroller. The above-mentioned factors are driving innovations in automotive technologies and products. One such innovation is the light weight microcontroller, which is used in various applications of the automotive industry.
To know about the assumptions considered for the study download the pdf brochure
The automotive microcontrollers market is dominated by a few global players and many regional players. The ecosystem of automotive microcontrollers market includes research & development, raw material supply, assembly and manufacturing, system integration, marketing and sales, automotive manufacturing, end-users, and post sales service. The report also profiles the most promising players in the automotive microcontrollers market. The competitive leadership mapping of this market presents an interesting picture of many big and small players that have become a force to reckon. A few of the profiled key players include Analog Devices Inc. (U.S.), Cypress Semiconductor Corporation (U.S.), Infineon Technologies AG (Germany), Maxim Integrated (U.S.), NXP Semiconductors (Netherlands), and ON Semiconductor (U.S.).
Cypress Semiconductor Corporation is a global supplier of automotive components with a major focus on microcontrollers. The company has a wide range of product offerings for microcontrollers and memory product solutions. The company has been focusing on the Internet of Things, connected appliances, and autonomous cars. It has an advanced product offering as it actively launches new products pertaining to the microcontroller market. For example, in 2017, Cypress Semiconductor Corporation launched a new S6J342xxx series microcontroller which supports the Controller Area Network Flexible Data-Rate (CAN FD) standard for high-speed, in-vehicle networking. The new microcontroller enables secure, high-speed networking for automotive body electronics.
Another major market player is ON Semiconductor Corp. (U.S.), which is one of the largest suppliers of automotive microcontrollers across the globe. ON Semiconductor Corporation completed the acquisition of Fairchild Semiconductors for USD 2.4 billion in 2016. The objective of this acquisition was to improve the cost structure and expand the profitability of the company.
Other major players in the microcontrollers manufacturing market for automotive are focusing on expanding their regional presence to achieve continuous and sustainable development. This is evident from several collaborations and joint venture projects these companies have undertaken in recent years.
Related Reports:
Automotive Microcontrollers Market by Application (Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security), Technology (ACC, Blind Spot Detection, Park Assist, TPMS), Vehicle, EV, Bit Size, Connectivity, and Region - Global Forecast to 2022
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
