In 2022, the global market size of automotive MCU reached $8.286 billion. In the past two years, the global new energy vehicle industry has witnessed rapid growth. In particular, the sales volume of new energy vehicles in the Chinese market reached 6.46 million in 2022, an increase of 89.5% compared with the same period. The penetration rate of new energy vehicles also increased from 14.3% in 2021 to 25.6%.

Due to the outbreak of new energy vehicle industry and the tension between supply and demand, the scale of global vehicle MCU has also been greatly increased, with the market size reaching 8.286 billion US dollars in 2022, growing by 11.4% compared with the same period. Looking forward to 2023, with the continued growth of new energy vehicles and the continuous advancement of intelligence, the global vehicle MCU will continue to grow to 8.646 billion dollars, compared to the same period of 4.35% growth.

In the past three years, China's car-gauge MCU has developed rapidly for two main reasons. The first one is that the shortage of production capacity gives Chinese MCU manufacturers the opportunity to enter car-gauge MCU. In particular, China is the world's largest new energy vehicle manufacturer, and the demand for car-gauge MCU is stronger than that of other regions. At present, some of these products have entered the stage of mass production and supply in the vehicle gauge certification.