Electric Vehicle Motor Micro Controller Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 15.58 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Electric Vehicle Motor Micro Controller Market Analysis
Currently, the Electric Vehicle Motor Micro Controller Market is valued at USD 3.36 Billion and is expected to reach USD 6.93 Billion over the next five years at a CAGR of 15.58%.
The global coronavirus pandemic has had a negative impact on the market for Electric Vehicle Motor (EVM) controllers due to severe lockdowns, decreased sales, and a halt in automobile production. The market for Electric Vehicle Motor (EVM) controllers has suffered due to the widespread implementation of lockdowns and the rapid global spread of the coronavirus. Manufacturers in the automotive industry are making up for losses caused by the disruption of the ecosystem and the decline in sales of electric vehicles.
On the other hand, while the global automotive industry is recovering from the COVID-19 sales drop, another crisis is preventing its revival. Production of automobiles around the world is disrupted by a worldwide shortage of semiconductors, which may delay the sales of new vehicles. The scarcity of microcontrollers, which are an essential component of the electronic control units that are utilized in contemporary infotainment systems, Advanced Driver Assist Systems (ADAS), Anti-lock Braking Systems (ABS), and other electronic stability systems, has forced automobile manufacturers to reduce production. As a result, automakers halt production at specific locations until the shortage improves. On the other hand, the market is anticipated to move quickly in the near future.
Microcontrollers that are in charge of automating vehicle tasks are in high demand due to the development of automation. MCUs are employed in automobiles to carry out automatic tasks like distributing electricity to various vehicle components, keeping the exhaust system clean, and lowering fuel usage. Due to their low weight, high performance, and low fuel consumption, electric cars are becoming increasingly popular in developing nations. Battery-powered electric vehicles are becoming increasingly popular with consumers due to their low emissions. To use cutting-edge components for electric vehicles, major automakers are investing and expanding their production capacity.
Additionally, as vehicles become electrified, there is a growing demand for fresh, specialized MCUs that are tailored to meet the requirements of Electric Vehicles (EVs). Companies in the industry are developing cutting-edge goods and funding great R&D efforts to meet the spike in demand for EVs.
Electric Vehicle Motor Micro Controller Market Trends
This section covers the major market trends shaping the Electric Vehicle Motor Micro Controller Market according to our research experts:
Increased Electric Vehicle Adoption Globally
The market is being driven by increased sales of BEVs and PHEVs, as well as lower costs for powertrain components due to material advancements and improved packaging arrangement. In addition, the high cost of batteries has necessitated enhancements to vehicle performance as well as power electronics.
In addition, various programs and policies have been implemented by governments worldwide to encourage consumers to choose electric vehicles over conventional ones. The California ZEV program, which aims to have 1.5 million electric vehicles on the road by 2025, is one such initiative that encourages the purchase of electric vehicles. India, China, the United Kingdom, South Korea, France, Germany, Norway, and the Netherlands are additional nations that provide various incentives.
After COVID-19 spread, sales of electric vehicles increased significantly. Lockdowns imposed by governments worldwide have slowed the economy and hurt sales of electric vehicles and charging infrastructure systems. The availability of additional components, such as inverters and lithium-ion battery packs, was affected. An integral component of electric vehicles is a power inverter. It uses a traction motor to propel the vehicle by converting energy from the batteries.
Manufacturers of electric vehicles have faced a significant challenge in gaining consumer acceptance. Due to factors such as a lack of charging infrastructure and the high cost of EVs (EV costs are almost the same as those of entry-level luxury cars), consumers have been reluctant to purchase electric vehicles despite the benefits they provide. Due to COVID-19, several nations, including India, had to put their plans to construct over 50,000 charging stations and improve the charging infrastructure on hold.
Significantly, several OEMs intend to restructure their product lines solely to produce electric automobiles. For instance, General Motors announced in 2021 that by 2025, it would spend USD 20 billion on electric and autonomous vehicles. By 2023, the company intends to introduce 20 new electric models and sell more than 1 million electric cars annually in China and the United States.
By 2024, Volkswagen intends to invest USD 36 billion in electric vehicles across its mass-market brands. The business claims that by 2025, electric vehicles will account for at least 25% of its global sales.
Asia-Pacific is Leading the Market
Asia-Pacific accounts for the majority of the global market for electric vehicles. Over the forecast period, the market is expected to grow significantly, with China leading the sales of electric vehicles.
China and Japan support cutting-edge electric vehicle development and technological advancement. Significant electric mobility projects are also being implemented in nations like Indonesia.
China is a key player in the global electric vehicle industry. Moreover, the government of China is encouraging people to adopt electric vehicles. The country is planning to switch to electric mobility by 2040 completely. The Chinese electric passenger car market is also one of the largest worldwide and has been increasing over the last few years. It is expected to grow higher in the forecast period, which will also positively impact the demand for electric vehicle connectors.
As the situation is normalizing, the demand for electric vehicles in Japan shows signs of growth. To cater to the rising demand, partnerships, ventures, and mergers are expected to boost the sales of electric cars components in Japan; for instance,
- April 2022: Honda partnered with General Motors to develop affordable electric vehicles. Automakers plan to create a new architecture based on GM's Ultium EV battery, primarily for small crossover SUVs.
The Indian electric vehicle market is in its growing stage. Automobile manufacturers in India, such as TATA, Mahindra, MG, etc., are taking initiatives to provide affordable electric driving options. Moreover, the government is also supporting electric mobility to reduce the exhaust emissions of greenhouse gases in the country.
The South Korean government has set high goals for its electric vehicle industry over the next ten years. The country is making heavy investments in vehicles and infrastructure to support them. For instance, the government of South Korea is also supporting the purchase of electric cars with a subsidy. The Seoul government is providing a subsidy of approximately USD 7,500 for each electric passenger car.
Car manufacturers are also investing to scale up the growing demand for electric vehicles. For instance,
- Hyundai Motors plans to invest USD 16 billion to increase its market share in the world by 2023. With the increase in the manufacturing and launching of new products, the demand for microcontrollers is bound to grow in the upcoming years.
Electric Vehicle Motor Micro Controller Industry Overview
The Electric Vehicle Motor Micro Controller Market has a presence of prominent players like Continental AG, Infineon Technologies AG, Toyota Industries Corporation, Robert Bosch GmbH, BorgWarner Inc., etc. The competition, frequent changes in consumer preferences, and rapid technological advancements are expected to pose a threat to the market's growth during the forecast period.
Major players in the global market for Electric Vehicle Motor (EVM) controllers are expanding their presence through mergers and acquisitions or the construction of new facilities. For instance,
- October 2022: Xindong Semiconductor Technology Co., Ltd. will be established in Wuxi, Jiangsu, with Jianjun WEI, its chairman, and Wensheng Technology (Tianjin) Co., Ltd. (Wensheng Technology), according to Great Wall Motor's announcement. With a registered capital of CNY 50 million (around USD 4.20 million), the joint venture will primarily focus on integrated circuit design and the production of microcontrollers.
Electric Vehicle Motor Micro Controller Market Leaders
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Continental AG
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Infineon Technology AG
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Toyota Industries Corporation
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Robert Bosch GmbH
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BorgWarner Inc.
*Disclaimer: Major Players sorted in no particular order
Electric Vehicle Motor Micro Controller Market News
- August 2022: Borgwarner announced that Changan Automobile's Oshan Z6 iDD PHEV will use a Blue Core triple-clutch electric drive transmission unit. BorgWarner provides the triple-clutch transmission, hydraulic control unit, motor, and motor controller in the unit. The triple-clutch electric drive transmission unit comprises a more compact and integrated wet three-clutch unit, a high-efficiency high-pressure hydraulic system, and an S-Winding motor with faster coupling response and higher efficiency thanks to smart electronic dual pump technology. The motor controller is designed with a high energy density and uses BorgWarner's in-house Viper series of scalable power units.
- July 2022: The fully programmable motor controllers MOTIX IMD700A and IMD701A have been released by Infineon Technology AG (Infineon). These controllers provide the integration and higher power density required for EVs and automated guided vehicles. The MOTIX IMD70xA controllers combine the features of the MOTIX 6EDL7141 IC, which is a three-phase gate driver, with those of an additional XMC1404 microcontroller (MCU). The XMC1404's peripherals and specifications are designed specifically for motor control and drives. Thanks to built-in high- and low-side charge pumps, the IMD70xA controllers can adjust many other parameters for the gate driver, and they can do so even at low battery voltage levels.
- March 2022: Honda Motor Co., Ltd. (Honda) and Renesas Electronics Corporation (Renesas) have expanded their partnership in the field of advanced driver assistance systems (ADAS). The automotive SoC R-Car and automotive microcontroller RH850 from Renesas have already been implemented in the Honda Legend and used in the Honda SENSING Elite. The R-Car and RH850 will also be used in the next generation of the Honda SENSING 360, which will be used in a wide range of vehicles, beginning with a vehicle with four wheels that will be released in China in 2022.
Electric Vehicle Motor Micro Controller Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters 5 Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 AC Permanent Magnet Synchronous Motor Controller
5.1.2 AC Asynchronous Motor Controller
5.1.3 DC Motor Controller
5.2 Power Output
5.2.1 1 to 20 KW
5.2.2 21 to 40 KW
5.2.3 41 to 80 KW
5.2.4 Above 80 KW
5.3 By Propulsion Type
5.3.1 Plug-in Hybrid Vehicle
5.3.2 Battery Electric Vehicle
5.3.3 Fuel Cell Electric Vehicle
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Russia
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Australia
5.4.3.6 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 BorgWarner Inc.
6.2.2 Continental AG
6.2.3 Delphi Technologies PLC.
6.2.4 Denso Corporation
6.2.5 FUJITSU
6.2.6 Hitachi Automotive Systems
6.2.7 Mitsubishi Electric
6.2.8 Robert Bosch GmbH
6.2.9 Siemens AG
6.2.10 Texas Instruments
6.2.11 Toyota Industries Corporation
6.2.12 Infineon Technology AG
6.2.13 Delta Electronics
6.2.14 Renesas Electronics Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Electric Vehicle Motor Micro Controller Industry Segmentation
A motor microcontroller is a combination of power electronics and embedded micro-computing elements that efficiently convert the energy stored in an electric vehicle's batteries to motion. An Electric Vehicle motor microcontroller is a device that controls the torque produced by electric vehicle motors by altering the energy flow from the power sources to the motor. An electric motor's performance can be improved with the help of a motor controller.
The Electric Vehicle Motor Micro Controller Market is Segmented by Product Type (8-bit, 16-bit, and 32-bit), Application (Powertrain and Chassis, Safety and Security, Body Electronics, Telematics, and Infotainment), Vehicle Type (Passenger Cars and Commercial Vehicles), By Propulsion Type (Plug-in Hybrid Vehicle, Battery Electric Vehicle, and Fuel Cell Electric Vehicle) and by Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for all the above segments in value (in USD Billion).
| Type | |
| AC Permanent Magnet Synchronous Motor Controller | |
| AC Asynchronous Motor Controller | |
| DC Motor Controller |
| Power Output | |
| 1 to 20 KW | |
| 21 to 40 KW | |
| 41 to 80 KW | |
| Above 80 KW |
| By Propulsion Type | |
| Plug-in Hybrid Vehicle | |
| Battery Electric Vehicle | |
| Fuel Cell Electric Vehicle |
| By Geography | ||||||||
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Electric Vehicle Motor Micro Controller Market Research FAQs
What is the current Electric Vehicle Motor Micro Controller Market size?
The Electric Vehicle Motor Micro Controller Market is projected to register a CAGR of 15.58% during the forecast period (2024-2029)
Who are the key players in Electric Vehicle Motor Micro Controller Market?
Continental AG, Infineon Technology AG, Toyota Industries Corporation, Robert Bosch GmbH and BorgWarner Inc. are the major companies operating in the Electric Vehicle Motor Micro Controller Market.
Which is the fastest growing region in Electric Vehicle Motor Micro Controller Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Electric Vehicle Motor Micro Controller Market?
In 2024, the Asia-Pacific accounts for the largest market share in Electric Vehicle Motor Micro Controller Market.
What years does this Electric Vehicle Motor Micro Controller Market cover?
The report covers the Electric Vehicle Motor Micro Controller Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Electric Vehicle Motor Micro Controller Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Electric Vehicle Motor Micro Controller Industry Report
Statistics for the 2024 Electric Vehicle Motor Micro Controller market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Electric Vehicle Motor Micro Controller analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
