Microcontroller Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2025

Report Code: ZMR-4268 | Report Format : | Status : Upcoming |

Abstract

Global Microcontroller Market: Overview

It is a compact integrated circuit that is devised to carry out a particular operation in an embedded system. A microcontroller consists of I/O peripherals, memory, and a CPU on a sole chip. It is developed for embedded applications and used in automated devices like remote control, implantable medical equipment, power tool, automotive control systems of the engine, toys, and office equipment.

Global Microcontroller Market: Growth Factors

Thriving automotive sector along with the rise in the luxury vehicles using new microcontrollers is projected to infuse massive demand for the product. In addition to this, the product finds myriad applications in consumer electronics and healthcare sectors. Furthermore, the growing trend of manufacturing electric cars will boost the microcontroller industry growth in the near future.

Many of the reputed electric vehicle manufacturers are deploying microcontrollers for preventing noise coming out of the automobile. The product also finds lucrative application in healthcare activities particularly in heart rate monitors, spirometers, and blood pressure. Microcontrollers help in reducing the medical equipment cost and offer authentic information to the patient. Apart from this, the rise in the aging population prone to health problems will result in massive medical electronic equipment demand, thereby prompting the industry growth.

The rise in the deployment of smart meters and growing knowledge about the benefits derived due to smart power management implementation will further exponentiate the market surge. Nevertheless, designing and manufacturing of the microcontrollers have become complicated and expensive for manufacturers. This, in turn, will deflate the market progression. Global depletion in automobile sales will further restrain the market size in the near future.

Global Microcontroller Market: Segmentation

The microcontroller market can be sectored into product and application. Based on the product, the industry is segregated into eight bit, sixteen bit, and thirty-two-bit microcontrollers. Application wise, the microcontroller market is divided into military & defense, automotive, medical equipment, industrial, and consumer electronics applications.

Global Microcontroller Market: Regional Analysis

Region wise, the microcontroller market can be divided into five main regions: Latin America, Europe, North America, Asia Pacific, and the Middle East and Africa. Asia Pacific market is anticipated to witness notable growth over the coming years, subject to a rise in the number of technology startups in developing countries such as Malaysia, Philippines, India, and China. Moreover, the North American region is predicted to lead the overall microcontroller market during the estimated timeline. The growth can be attributed to the massive demand for tablets, mobiles, smartphones, iPhones, and other consumer electronics devices. With the rise in the usage of the product in robots for research purpose, reducing human errors, and time-saving purpose, the market for a microcontroller will gain traction in the region over the ensuing years.

European and Latin American markets have untapped growth potential and are projected to make noteworthy contributions towards the overall market expansion.

Global Microcontroller Market: Competitive Players

Few of the main participants in microcontroller market are Renesas Electronics Corporation, Fujitsu Semiconductor Limited, NXP Semiconductor, Cypress Semiconductor Corporation, Microchip Technology, Infineon Technologies, ARM Ltd., STMicroelectronics, Panasonic Corporation, and Texas Instruments.

Global Microcontroller Market: Regional Segment Analysis

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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