Microcontroller Market

GMI Research analysis indicates that the Microcontroller Market estimated at USD 17.8 billion in 2021 and is slated to register a single digit CAGR of 8.9% over the forecast period, and is projected to reach USD 35.2 billion in 2029.

To have an edge over the competition by knowing the market dynamics and current trends of “Microcontroller Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The increasing awareness of smart energy management by the introduction of smart grids is a major factor that is contributing to the growth of the global microcontroller market share. Additionally, the increasing demand for the microcontroller from the medical sector around the world is further surging the growth of the market. There has been an increase in the percentage of the COVID-19 cases, which has indirectly helped the market to grow. The rising geriatric population and the growing prevalence of diabetes, high blood pressure and other chronic diseases are further responsible for the market growth. For instance, as per the International Diabetes Federation (IDF), the prevalence rate of diabetes disease accounted for 23.9% in Saudi Arabia, 23.1% in Kuwait, and 19.8% in Qatar. Obesity is one of the highest growing diseases in the region, with 60% of the patients are adults and 40% are below the age of 18.

The microcontrollers are used in various devices ranging from various applications, including automotive, industrial, telecommunication, consumer electronics, among others. Moreover, the rising awareness for smart energy management with technological advancements is further boosting the market growth. The smart grid is one of the form technologies that combines the electrical network and digital communication to facilitate remote control facility.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Product – Segment Analysis

Based on the product, the 16-bit segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly due to the growing usage of these MCUs for automotive application and the reducing average selling prices. The automotive sector is increasingly using this segment due to its specific needs for the technologies, which use 16-bit and 32-bit MCUs on a large scale.

Application – Segment Analysis

Based on the application, the automotive segment is projected to grow at a higher CAGR during the forecast period. This is mainly due to the growing demand for MCUs, particularly for the demand for improved ca safety features, convenience features, entertainment systems, and government edicts on emission controls. The introduction of the Advanced Driver Assistance System (ADAS) is further helping the market to grow. On the other hand, the consumer electronics and telecom segment is expected to dominate the market over the forecast period. This is mainly due to the miniaturization of consumer devices and the growing adoption of consumer electronics products, including TV’s, microwaves, ovens, cameras, among other devices.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, North America region is expected to grow at a faster CAGR during the forecast period. The large consumer base of tablets, smartphones, and other consumer electronics in this region is the major factor that is boosting the regional market growth. In addition to this, the increasing penetration of the IOT ecosystems in the homes and corporate places is surging the demand for smart electricity gadgets, smart wearables, medical devices, and other IoT-enabled devices from consumers. On the other hand, the Europe region is projected to dominate the market over the coming years. The presence of various luxury car manufacturers, including BMW, Mercedes-Benz, and Porsche, is growing the demand for microcontrollers for automotive applications.

Top Market Players

Various notable players operating in the market include Cypress Semiconductor Corporation, FUJITSU SEMICONDUCTOR LIMITED, Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors, Renesas Electronics Corporation, STMicroelectronics, TE Connectivity Ltd., Texas Instruments Incorporated, and Toshiba Electronics Devices & Storage Corporation, among others. 

Key Developments:

• • In 2020, Renesas Electronics Corporation collaborated with ALTRAN, an engineering and R&D service provider to develop a social distancing based wristwatch on Ultra-Wideband technology.

Segments covered in the Report:

The global Microcontroller market has been segmented on the basis of Type, Application, and regions. Based on Type, the market is segmented into 8-bit microcontroller, 16-bit microcontroller, and 32-bit microcontroller. Based on Application, the market is segmented into Automotive, Consumer Electronics & Telecommunication, Industrial, Medical Devices, and Military & Defence. 

For detailed scope of the “Microcontroller Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Microcontroller market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Microcontroller market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Microcontroller market?
  • Which Type generated maximum revenues in 2021 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Microcontroller market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Microcontroller Market by Type

• • 8-bit microcontroller
  • 16-bit microcontroller
  • 32-bit microcontroller

. Global Microcontroller Market by Application

• • Automotive
  • Consumer Electronics & Telecommunication
  • Industrial
  • Medical Devices
  • Military & Defence

Global Microcontroller Market by Region

• • North America Microcontroller Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Microcontroller Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Applicati
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Microcontroller Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Applicati
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Microcontroller Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Applicati
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Microcontroller (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cypress Semiconductor Corporation
  • FUJITSU SEMICONDUCTOR LIMITED
  • Infineon Technologies AG
  • Microchip Technology Inc.
  • NXP Semiconductors
  • Renesas Electronics Corporation
  • STMicroelectronics
  • TE Connectivity Ltd.
  • Texas Instruments Incorporated
  • Toshiba Electronics Devices & Storage Corporation