Global Microcontroller Unit Market is Estimated to Value Over USD 35.5 Billion by 2026 End

  • 12 Aug 2019

Global Microcontroller Unit Market is estimated to value over USD 35.5 billion by 2026 end and it is expected to register a CAGR of over 9% during the forecast period 2019 to 2026.

 

Rising demand for embedded control systems in multifunctional devices like robots, vehicles, mobile radio, residential appliances is the primary driving factor of the market. Growing usage of consumer electronics daily will drive market growth. Microcontroller will play a vital role in the development of such devices thus assisting the market growth. Rising need for flexibility and agility in the industrial ecosystem due to the reduction in the product lifecycles is predicted to spur the market further. Furthermore, the consumer electronics segment has witnessed remarkable growth due to innovations and technological advancements. Moreover, multiple independent players are developing applications and tools that bolster the microcontroller architecture due to its advantages.

 

Delivery of high performance with very low usage of power and microcontroller miniaturization are some important advantages of using microcontroller unit. The growing demand for devices supporting IoT and Ethernet is expected to positively impact the demand for microcontrollers in upcoming years. The integration of microcontroller chips and wireless interfaces like ZigBee, Bluetooth and microcontrollers which has witnessed a huge rise. Moreover, growing need for wireless sensor-based networks for monitoring and controlling the systems has enhanced company interests in implementing a combination of cost-effective systems.

 

Rising focus on the application of energy-saving solutions for both process and discrete industries is predicted to boost maintainable manufacturing in industrial automation for increasing efficiency. Asset management and flexible manufacturing would impact the factory integration thus offering high potential for customised solutions and automation among industrial applications.

 

The 32-bit microcontroller is anticipated to rise as the fastest-growing product during the forecast period, due to its ability to offer high computational power. Moreover, advancements in the production of fully-autonomous and semi-autonomous driving systems require 32-bit microcontrollers, thereby driving the market growth.

The automotive segment is projected to dominate the application segment during the forecast period. A rise in the consumer demand for enhanced safety features, entertainment systems and convenience functions coupled with government regulations on emission control are the driving factors of the market.

Asia Pacific microcontroller market is expected to witness remarkable growth during the forecast period due to the growing consumer electronics and automotive sectors.

 

Key market players include NXP Semiconductors, Microchip Technology Inc., Renesas Electronics Corp., Infineon Technologies AG, Texas Instruments and STMicroelectronics.

 

Market Segmentation:

By Product

·     8-Bit

·     16-Bit

·     32-Bit

 

By Application

·     Automotive

o  Powertrain & Chassis

o  Safety & Security

o  Body Electronics

o  Telematics & Infotainment

·     Consumer Electronics

·     Industrial

·     Medical Devices

·     Military & Defense

 

By Region

·     North America

·     Europe

·     Asia Pacific

·     Latin America

·     Middle East & Africa

 

Competitive Landscape:

·     Tier 1 players- established companies in the market with a major market share 

·     Tier 2 players 

·     Emerging players which are growing rapidly 

·     New Entrants

 

FutureWise Key Takeaways:

·     Growth prospects for stem cell market 

·     SWOT analysis 

·     Key trends in stem cell regeneration techniques

·     Key data-points affecting market growth 

 

Objectives of the Study:

·     To provide with an exhaustive analysis on the microcontroller unit market by product, by application and by region

·     To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

·     To evaluate and forecast micro-markets and the overall market

·     To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and Middle East & Africa

·     To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

·     Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

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