| Product Code: ETC13140899 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Microcontroller For Electronic Power Steering Market was valued at USD 0.9 Billion in 2024 and is expected to reach USD 1.7 Billion by 2031, growing at a compound annual growth rate of 9.50% during the forecast period (2025-2031).
The global microcontroller for electronic power steering (EPS) market is experiencing significant growth driven by the increasing adoption of electric power steering systems in modern vehicles. Microcontrollers play a crucial role in EPS systems by controlling the steering assistance provided to the driver, enhancing vehicle performance, and improving fuel efficiency. Factors such as the growing automotive industry, rising demand for advanced safety features, and the shift towards electric vehicles are fueling the market expansion. Key market players are focusing on innovation and product development to meet the evolving needs of automotive manufacturers and consumers. Geographically, Asia Pacific is expected to dominate the market due to the high production of vehicles in countries like China and India. The global microcontroller for EPS market is poised for steady growth as technology advancements continue to drive automotive innovation.
The Global Microcontroller for Electronic Power Steering Market is witnessing a growing demand due to the increasing adoption of electric power steering systems in modern vehicles for improved fuel efficiency and performance. Key trends include the integration of advanced driver assistance systems (ADAS) and autonomous driving features within electronic power steering systems, driving the need for more sophisticated microcontrollers capable of handling complex algorithms and data processing. Additionally, the market is seeing a shift towards the development of energy-efficient microcontrollers to meet environmental regulations and sustainability goals. Opportunities lie in the development of innovative microcontroller technologies that offer higher processing power, lower power consumption, and enhanced safety features to cater to the evolving needs of the automotive industry and capitalize on the growing demand for electric vehicles.
One of the key challenges faced in the Global Microcontroller for Electronic Power Steering Market is the increasing complexity of electronic power steering systems. As vehicle manufacturers strive to incorporate advanced features such as autonomous driving capabilities and enhanced safety systems, the demand for more sophisticated microcontrollers that can handle complex algorithms and processes is on the rise. This poses a challenge for microcontroller manufacturers to continuously innovate and develop products that can meet the evolving requirements of the automotive industry. Additionally, the market is highly competitive with a large number of players offering similar products, leading to pricing pressures and the need for differentiation through technological advancements and superior performance. Overall, navigating through these challenges requires a deep understanding of market trends, technological advancements, and customer preferences to stay ahead in the Global Microcontroller for Electronic Power Steering Market.
The global microcontroller for electronic power steering (EPS) market is primarily driven by the increasing demand for advanced safety features in vehicles, such as lane-keeping assist and automated parking systems. The rising focus on fuel efficiency and emission reduction in the automotive industry is also a key driver, as microcontrollers play a crucial role in optimizing EPS systems for better energy efficiency. Additionally, the growing trend towards electric vehicles and the integration of advanced driver-assistance systems (ADAS) further propel the demand for microcontrollers in EPS applications. Technological advancements in microcontroller design, such as increased processing power and enhanced sensor integration capabilities, are also contributing to the market growth by enabling more sophisticated EPS functionalities and improved performance.
Government policies related to the Global Microcontroller for Electronic Power Steering Market focus on promoting the development and adoption of energy-efficient and environmentally friendly technologies. This includes regulations aimed at reducing emissions and improving fuel efficiency in vehicles equipped with electronic power steering systems. Governments also prioritize safety standards to ensure reliable and robust performance of microcontrollers in power steering applications. In addition, there is an emphasis on fostering innovation and competitiveness in the market through investments in research and development, as well as supporting industry collaboration to drive technological advancements. Overall, government policies aim to create a conducive regulatory environment that encourages the growth of the global microcontroller for electronic power steering market while addressing sustainability and safety concerns.
The global microcontroller for electronic power steering market is expected to witness significant growth in the coming years due to the increasing adoption of electronic power steering systems in the automotive industry. The demand for fuel-efficient vehicles, advanced driver assistance systems, and autonomous driving technologies is driving the market for microcontrollers in electronic power steering applications. Additionally, the growing focus on vehicle safety and enhanced driving experience is further fueling the market growth. Technological advancements in microcontroller design, such as increased processing power, improved energy efficiency, and enhanced reliability, are expected to drive innovation in this market. As automakers continue to prioritize electric and autonomous vehicles, the demand for microcontrollers for electronic power steering systems is projected to surge, providing ample opportunities for market players to capitalize on this growing trend.
The global microcontroller for electronic power steering market is expected to witness varying trends across different regions. In Asia, particularly in countries like China, Japan, and South Korea, the market is projected to experience significant growth owing to the increasing automotive production and technological advancements in the region. In North America, the market is driven by the presence of key automotive manufacturers and the rising demand for electric vehicles. Europe is also a prominent market for microcontrollers in electronic power steering systems, with stringent regulations promoting the adoption of advanced automotive technologies. In the Middle East and Africa region, the market is anticipated to grow steadily due to the expanding automotive industry and government initiatives supporting the use of electric vehicles. Meanwhile, in Latin America, the market growth is expected to be influenced by improving economic conditions and the increasing focus on vehicle safety features.
Global Microcontroller For Electronic Power Steering Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Microcontroller For Electronic Power Steering Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Microcontroller For Electronic Power Steering Market Revenues & Volume, 2021 & 2031F |
3.3 Global Microcontroller For Electronic Power Steering Market - Industry Life Cycle |
3.4 Global Microcontroller For Electronic Power Steering Market - Porter's Five Forces |
3.5 Global Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Global Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.9 Global Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Global Microcontroller For Electronic Power Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Microcontroller For Electronic Power Steering Market Trends |
6 Global Microcontroller For Electronic Power Steering Market, 2021 - 2031 |
6.1 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Component, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Microcontroller Unit, 2021 - 2031 |
6.1.3 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Power Management Integrated Circuit, 2021 - 2031 |
6.1.4 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Sensors, 2021 - 2031 |
6.2 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Passenger Cars, 2021 - 2031 |
6.2.3 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.3 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By CAN Bus, 2021 - 2031 |
6.3.3 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By LIN Bus, 2021 - 2031 |
6.4 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Conventional EPS, 2021 - 2031 |
6.4.3 Global Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Electric EPS, 2021 - 2031 |
7 North America Microcontroller For Electronic Power Steering Market, Overview & Analysis |
7.1 North America Microcontroller For Electronic Power Steering Market Revenues & Volume, 2021 - 2031 |
7.2 North America Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Component, 2021 - 2031 |
7.4 North America Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.6 North America Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8 Latin America (LATAM) Microcontroller For Electronic Power Steering Market, Overview & Analysis |
8.1 Latin America (LATAM) Microcontroller For Electronic Power Steering Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Component, 2021 - 2031 |
8.4 Latin America (LATAM) Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.6 Latin America (LATAM) Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9 Asia Microcontroller For Electronic Power Steering Market, Overview & Analysis |
9.1 Asia Microcontroller For Electronic Power Steering Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Component, 2021 - 2031 |
9.4 Asia Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.6 Asia Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10 Africa Microcontroller For Electronic Power Steering Market, Overview & Analysis |
10.1 Africa Microcontroller For Electronic Power Steering Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Component, 2021 - 2031 |
10.4 Africa Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.6 Africa Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11 Europe Microcontroller For Electronic Power Steering Market, Overview & Analysis |
11.1 Europe Microcontroller For Electronic Power Steering Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Component, 2021 - 2031 |
11.4 Europe Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.6 Europe Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12 Middle East Microcontroller For Electronic Power Steering Market, Overview & Analysis |
12.1 Middle East Microcontroller For Electronic Power Steering Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Microcontroller For Electronic Power Steering Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Component, 2021 - 2031 |
12.4 Middle East Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.6 Middle East Microcontroller For Electronic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
13 Global Microcontroller For Electronic Power Steering Market Key Performance Indicators |
14 Global Microcontroller For Electronic Power Steering Market - Export/Import By Countries Assessment |
15 Global Microcontroller For Electronic Power Steering Market - Opportunity Assessment |
15.1 Global Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Component, 2021 & 2031F |
15.3 Global Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.5 Global Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
16 Global Microcontroller For Electronic Power Steering Market - Competitive Landscape |
16.1 Global Microcontroller For Electronic Power Steering Market Revenue Share, By Companies, 2024 |
16.2 Global Microcontroller For Electronic Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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