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The global electric vehicle motor micro controller market size is estimated to grow at a CAGR of 15.2% in the forecast period of 2024-2032. The market is being driven by the growing adoption of electric vehicles, buoyed by favourable government initiatives.
An EV motor microcontroller is an electronic device that can control the functioning of the motor in an electric vehicle. Its primary functions include controlling the electrical energy released from the motor, regulating the motor torque and speed, and starting or stopping the motor.
Based on propulsion type, the market is divided into plug-in hybrid vehicle, battery electric vehicle, and fuel cell electric vehicle. On the basis of type, the market is classified into AC permanent magnet synchronous motor controller, AC synchronous motor controller, and DC motor controller.
Based on product type, the market is classified into 8-Bit micro controller, 16-Bit micro controller, and 32-Bit micro controller. The electric vehicle motor micro controller market segmentation, on the basis of power output, includes 1 to 20 KW, 21 to 40 KW, 41 to 80 KW, and above 80 KW. The major regional markets of electric vehicle motor micro controller include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the electric vehicle motor micro controller market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Battery electric vehicles (BEVs) occupy a substantial portion of the electric vehicle motor micro controller market share, due to their rising sales across the world, driving the growth of microcontrollers. Factors such as growing demand for improving the efficiency of electric motors, as well as increasing the motor torque and speed control, also provide impetus to the market expansion.
Moreover, increased utilisation of motor microcontrollers for regenerative braking systems to minimise energy loss during braking provides a positive outlook to the market.
As per the electric vehicle motor micro controller market analysis, the Asia Pacific accounts for a significant share of the global market, owing to the rise in electric mobility projects and schemes in the region. China, the leading country in the region, aims to completely switch towards electric mobility by the year 2040, which is bound to boost the demand for motor microcontrollers in the forecast period.
Additionally, technological advancements by regional market players positively influence the market. For example, in December 2023, Renesas Electronics, a Japan-based semiconductor manufacturer, introduced a new line of DC motor controllers that provides sensorless full torque abilities to EVs.
Fujitsu Ltd., incorporated in 1935, is an information and communication technology company, headquartered in Tokyo, Japan. It offers its products and services in the sectors of automotive, energy and utilities, manufacturing, retail, and transport, among others. The company promotes sustainable manufacturing through carbon neutrality, value chain optimisation, and a resilient supply chain, among others.
Infineon Technologies AG, founded in 1999, is a semiconductor manufacturer, with its headquarters in Neubiberg, Germany. Some of its primary products include battery management ICs, microcontrollers, sensors, security and smart card solutions, software, and transceivers, among others. The company primarily produces semiconductors for the automotive, industrial, and multimarket sectors.
Microchip Technology Inc. is a microcontroller provider, established in 1989 and based in Arizona, the United States. Some of its featured tools include MPLAB® PICkit™ 5 in-circuit debugger/programmer and MPLAB® ICD 5 In-Circuit Debugger/Programmer, among others. It is also known for its comprehensive range of 8, 16, and 32-bit microcontrollers.
Other electric vehicle motor micro controller market players include NXP Semiconductors N.V., STMicroelectronics International N.V., Renesas Electronics Corporation, Texas Instruments Incorporated, Toshiba Corporation, Hitachi Ltd., and Nuvoton Technology Corp., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Propulsion Type |
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Breakup by Type |
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Breakup by Product Type |
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Breakup by Power Output |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 15.2% between 2024 and 2032.
The major market drivers are the growing adoption of electric vehicles, government initiatives to control carbon emissions, and technological advancements.
The key trends of the market include growing demand for efficient motor control in EVs, the advent of advanced EV microcontrollers, and favourable government incentives to boost the production of electric vehicles.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different propulsion types are plug-in hybrid vehicle, battery electric vehicle, and fuel cell electric vehicle.
The various types of electric vehicle motor micro controller are AC permanent magnet synchronous motor controller, AC synchronous motor controller, and DC motor controller.
1 to 20 KW, 21 to 40 KW, 41 to 80 KW, and above 80 KW are the different power outputs of electric vehicle motor micro controller.
The key players in the market are Fujitsu Ltd., Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors N.V., STMicroelectronics International N.V., Renesas Electronics Corporation, Texas Instruments Incorporated, Toshiba Corporation, Hitachi Ltd., and Nuvoton Technology Corp., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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