Global Microcontroller Market Is Anticipated To Reach Around USD 34.7 Billion By 2025

04-Oct-2019 | Zion Market Research

Zion Market Research has published a new report titled “Microcontroller Market By Type (8-Bit, 16-Bit, and 32-Bit) and By Application (Industrial, Consumer Goods, Automotive, Communication, Computers, Military & Defense, Medical Devices, and Consumer Electronics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global microcontroller market was USD 18.9 billion in 2018 and is expected to reach around USD 34.7 billion by 2025, at a CAGR of approximately 9.07% between 2019 and 2025.

The microcontroller market is expected to grow rapidly in the future, owing to the rising need for electric vehicles to save fossil fuels for future generations. Numerous players are installing microcontrollers in electric vehicles to reduce vehicle’s noise and avoid pollution via their vehicles. The rising demand for automated machines along with portable electronics, such as smartphones, tablets, personal computers, and a growing number of luxury cars, which work on electronics, is anticipated to stimulate the microcontroller market growth. The healthcare sector largely uses microcontrollers in medical equipment, such as heart rate monitors, spirometers, and blood pressure monitors. Microcontroller reduces the cost of medical devices and provides exact patient information. Moreover, the rising healthcare disorders among the geriatric population are also contributing to this market. The growing awareness about smart energy management with technological advancements is also expected to propel the microcontroller market. Microcontrollers are also in demand, as they require less time to perform an operation. It is mostly used in automatically controlled devices and products that include implantable medical devices, automobile engine control systems, office machines, remote control, power tools, toys, appliances, and other embedded systems. However, along with high efficiency and low time in operation performance, it performs a limited number of tasks simultaneously. This is the major growth restraint for this market.

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Global Microcontroller Market

Browse the full “Microcontroller Market By Type (8-Bit, 16-Bit, and 32-Bit) and By Application (Industrial, Consumer Goods, Automotive, Communication, Computers, Military & Defense, Medical Devices, and Consumer Electronics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/microcontroller-market

By type, the microcontroller market includes 32-bit, 16-bit and 8-bit. The 8-bit microcontrollers will grow notably in the future, owing to its technology simplification, low material cost, and product design. By application, the microcontroller market includes industrial, consumer goods, automotive, military and defense, communication, medical devices, computers, and consumer electronics. The automobile sector, consumer electronics, and medical devices are anticipated to witness major growth over the projected time period. Additionally, the implementation of advanced driver assistance system (ADAS), which uses image sensors to enhance the safety of the driver, facilitates parking assistance, collision avoidance systems, and lane departure warning along with government regulatory norms supporting road safety for its commuters is anticipated to boost the microcontroller demand in the future. Moreover, consumer electronics are anticipated to have a significant growth in the years ahead, owing to miniaturization and surging number of consumer electronics like robots, cameras, microwave ovens, and washing machines.

North America is expected to witness major growth in the microcontroller market, owing to its various benefits and use of microcontrollers in robots for research purposes.

Some major players of the microcontroller market are Microchip Technology, Renesas Electronics, Texas Instrument, NXP Semiconductor, Infineon Technologies, STMicroelectronics, Cypress Semiconductor, Fujitsu Semiconductor, and Panasonic Corporation.

This report segments the global microcontroller market into:

Global Microcontroller Market: Type Analysis

  • 8-Bit
  • 16-Bit
  • 32-Bit

Global Microcontroller Market: Application Analysis

  • Industrial
  • Consumer Goods
  • Automotive
  • Communication
  • Computers
  • Military and Defense
  • Medical Devices
  • Consumer Electronics

Global Microcontroller Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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