Image

Global Microcontroller for Electronic Power Steering Market – Industry Trends and Forecast to 2031

Semiconductors and Electronics

Image

Global Microcontroller for Electronic Power Steering Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Microcontroller for Electronic Power Steering Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 26.51 USD Billion
Diagram Market Size (Forecast Year) USD 39.76 USD Billion
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Microcontroller for Electronic Power Steering Market, By Component (Microcontroller Unit (MCU), Power Management Integrated Circuit (PMIC), Sensors), Application (Passenger Cars, Commercial Vehicles), Technology (CAN Bus, LIN Bus), Vehicle Type (Conventional EPS, Electric EPS), Sales Channel (OEMs, Aftermarket) - Industry Trends and Forecast to 2031.

Microcontroller for Electronic Power Steering Market

Microcontroller for Electronic Power Steering Market Analysis and Size

Microcontrollers for electronic power steering (EPS) systems are essential components in modern automotive vehicles, providing control and precision in steering mechanisms. The market for microcontrollers for EPS is driven by the increasing adoption of EPS systems in vehicles due to their efficiency, reliability, and safety features. As automotive technology advances, the demand for microcontrollers tailored for EPS applications is expected to rise significantly.

Data Bridge Market Research analyses that the global microcontroller for electronic power steering market which was USD 26.51 billion in 2023, expected to reach USD 39.76 billion by 2031, and is expected to undergo a CAGR of 5.20% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customized 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Component (Microcontroller Unit (MCU), Power Management Integrated Circuit (PMIC), Sensors), Application (Passenger Cars, Commercial Vehicles), Technology (CAN Bus, LIN Bus), Vehicle Type (Conventional EPS, Electric EPS), Sales Channel (OEMs, Aftermarket)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Texas Instruments Incorporated (U.S.), Renesas Electronics Corporation (Japan), NXP Semiconductors (Netherlands), Cypress Semiconductor Corporation (U.S.), Microchip Technology Inc. (U.S.), Semiconductor Components Industries, LLC (U.S.), ROHM CO., LTD. (Japan), Mitsubishi Electric Corporation (Japan), Maxim Integrated (U.S.), Analog Devices, Inc. (U.S.), TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan), Silicon Laboratories (U.S.)

Market Opportunities

  • Rising demand for ergonomic keyboards
  • Increasing popularity of gaming keyboards
  • Advancements in wireless keyboard technology

Market Definition

Microcontrollers for EPS systems are specialized components designed to control and regulate the operation of EPS systems in automotive vehicles. These microcontrollers play a crucial role in ensuring smooth and responsive steering performance while enhancing vehicle safety and driving comfort.

Global Microcontroller for Electronic Power Steering Market Dynamics

Drivers

  • Rapid Growth in Automotive Electronics Adoption

The automotive industry is experiencing a rapid increase in the adoption of electronic components and systems to enhance vehicle performance, safety, and comfort. Microcontrollers for EPS are integral to this trend, as they provide the necessary control and regulation for modern EPS systems. With advancements in automotive technology, including the rise of electric vehicles (EVs) and the integration of advanced driver assistance systems (ADAS), the demand for microcontrollers tailored for EPS applications is expected to grow significantly. This driver is fueled by consumers' preferences for vehicles equipped with advanced electronic features, driving manufacturers to incorporate EPS systems into their vehicle designs.

  • Increasing Emphasis on Vehicle Safety and Comfort Features

Safety and comfort features have become key differentiators in the automotive market, influencing consumer purchasing decisions and regulatory standards. Microcontrollers play a crucial role in enhancing vehicle safety and comfort, particularly in EPS systems, where they ensure precise and responsive steering control. As automakers strive to meet stringent safety regulations and cater to consumer demands for enhanced driving experiences, the demand for microcontrollers for EPS applications is poised to rise. This driver is further bolstered by the growing focus on autonomous driving technologies, which require robust and reliable EPS systems to enable safe and smooth vehicle operation.

Opportunity

  • Rapid Growth in Electric Vehicle Adoption

The global automotive industry is undergoing a significant transformation with the increasing adoption of electric vehicles (EVs) driven by environmental concerns, government incentives, and technological advancements. Microcontrollers EPS are essential components in both conventional and electric vehicles, facilitating precise steering control and responsiveness. As the EV market continues to expand, there is a growing need for microcontrollers optimized for EPS applications in electric vehicles. This presents a lucrative opportunity for manufacturers to develop innovative solutions tailored to the specific requirements of electric power steering systems, thereby capitalizing on the growing demand for EVs and associated automotive electronics.

Restraint/Challenge

  • Complexity of Automotive Electronics Integration

The integration of advanced electronic systems, including microcontrollers for EPS, into modern vehicles poses challenges related to complexity, compatibility, and reliability. Automotive manufacturers must navigate intricate supply chains, stringent quality standards, and evolving industry regulations to ensure seamless integration of electronic components while maintaining vehicle performance and safety. The complexity of automotive electronics integration can lead to development delays, increased production costs, and potential reliability issues, posing a restraint to the widespread adoption of microcontrollers for EPS applications.

This global microcontroller for electronic power steering market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global microcontroller for electronic power steering market contact the Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.

Recent developments

  • In 2023, Infineon Technologies AG introduced a new family of microcontrollers optimized for electronic power steering applications, offering enhanced performance and reliability for next-generation automotive systems
  • In 2023, STMicroelectronics announced the development of a new power management integrated circuit (PMIC) specifically designed for use in electric power steering systems, providing efficient power delivery and thermal management capabilities

Global Microcontroller For Electronic Power Steering Market Scope

The global microcontroller for electronic power steering market is segmented on the basis of components, application, technology, vehicle type, and sales channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Microcontroller Unit (MCU)
  • Power Management Integrated Circuit (PMIC)
  • Sensors

Application

  • Passenger Cars
  • Commercial Vehicles

Technology

  • CAN Bus
  • LIN Bus

Vehicle Type

  • Conventional EPS
  • Electric EPS

Sales Channel

  • OEMs
  • Aftermarket
  • Others

Global Microcontroller For Electronic Power Steering Market Region Analysis/Insights

The global microcontroller for electronic power steering market is analyzed and market size insights and trends are provided by region, components, application, technology, vehicle type, and sales channel, as referenced above.

The regions covered in the global microcontroller for electronic power steering market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global microcontroller for electronic power steering market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa.

North America region is currently dominates the global microcontroller for electronic power steering market due to the presence of key automotive manufacturers and the early adoption of advanced electronic power steering systems in the region.

Asia-Pacific region is the fastest-growing region in the global microcontroller for electronic power steering market. The growth is attributed to the increasing demand for automobiles, particularly in countries such as China and India, coupled with the rising adoption of electronic power steering systems to enhance vehicle performance and fuel efficiency. In addition, technological advancements and government initiatives promoting electric vehicles further boost the market growth in this region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Microcontroller For Electronic Power Steering Market Share Analysis

The global microcontroller for electronic power steering market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global microcontroller for electronic power steering market.

Some of the major players operating in the global microcontroller for electronic power steering market are:

  • Infineon Technologies AG (Germany)
  • STMicroelectronics (Switzerland)
  • Texas Instruments Incorporated (U.S.)
  • Renesas Electronics Corporation (Japan)
  • NXP Semiconductors (Netherlands)
  • Cypress Semiconductor Corporation (U.S.)
  • Microchip Technology Inc. (U.S.)
  • Semiconductor Componants Industries, LLC (U.S.)
  • ROHM CO., LTD. (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Maxim Integrated (U.S.)
  • Analog Devices, Inc. (U.S.)
  • TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan)
  • Silicon Laboratories (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Microcontroller for Electronic Power Steering Market size will be worth USD 39.76 billion by 2031 during the forecast period.
The Microcontroller for Electronic Power Steering Market growth rate is 5.20% during the forecast period.
The Rapid Growth in Automotive Electronics Adoption, Increasing Emphasis on Vehicle Safety and Comfort Features are the growth drivers of the Microcontroller for Electronic Power Steering Market.
The components, application, technology, vehicle type, and sales channel are the factors on which the Microcontroller for Electronic Power Steering Market research is based.
The major companies in the Microcontroller for Electronic Power Steering Market are Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Texas Instruments Incorporated (U.S.), Renesas Electronics Corporation (Japan), NXP Semiconductors (Netherlands), Cypress Semiconductor Corporation (U.S.), Microchip Technology Inc. (U.S.), Semiconductor Components Industries, LLC (U.S.), ROHM CO., LTD. (Japan), Mitsubishi Electric Corporation (Japan), Maxim Integrated (U.S.), Analog Devices, Inc. (U.S.), TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan), Silicon Laboratories (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials