Market Size of Electric Vehicle Motor Micro Controller Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 Size Summary
The Electric Vehicle Motor Micro Controller Market is experiencing significant growth, driven by the increasing demand for automation and the rising popularity of electric vehicles (EVs) in developing countries. The market is recovering from the setbacks caused by the COVID-19 pandemic, which had disrupted production and sales due to lockdowns and a global semiconductor shortage. Despite these challenges, the market is poised for rapid expansion as major automakers invest in expanding production capacity and developing advanced microcontroller units (MCUs) tailored for EVs. These components are crucial for automating vehicle tasks, enhancing performance, and reducing fuel consumption, thereby supporting the transition to electric mobility.
The market landscape is characterized by the presence of prominent players such as Continental AG, Infineon Technologies AG, and Robert Bosch GmbH, who are actively expanding their operations through mergers, acquisitions, and the establishment of new facilities. Government initiatives worldwide, such as the California ZEV program and incentives in countries like China, India, and South Korea, are further propelling the adoption of electric vehicles. As the demand for battery-powered electric vehicles continues to rise, driven by lower emissions and cost-effective powertrain components, the market for electric vehicle motor microcontrollers is expected to grow substantially, with Asia-Pacific leading the charge in global sales.
Electric Vehicle Motor Micro Controller Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters 5 Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 AC Permanent Magnet Synchronous Motor Controller
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2.1.2 AC Asynchronous Motor Controller
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2.1.3 DC Motor Controller
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2.2 Power Output
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2.2.1 1 to 20 KW
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2.2.2 21 to 40 KW
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2.2.3 41 to 80 KW
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2.2.4 Above 80 KW
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2.3 By Propulsion Type
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2.3.1 Plug-in Hybrid Vehicle
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2.3.2 Battery Electric Vehicle
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2.3.3 Fuel Cell Electric Vehicle
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Russia
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 South Korea
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2.4.3.5 Australia
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 South America
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2.4.4.2 Middle-East and Africa
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Electric Vehicle Motor Micro Controller Market Size 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.
