Overview

Microcontroller Unit Market Introduction:

Microcontroller Unit Market is estimated to value over USD 35.5 billion by 2027 end and it is expected to register a CAGR of over 9% during the forecast period 2020 to 2027.

The electric vehicles market is growing rapidly, which is anticipated to further propel the product demand. Several key players are employing microcontrollers in electric vehicles to reduce vehicle noise and to avoid pollution. For instance, Microcontrollers from Texas Instruments are used by electric motors as these prevent damaging the electronic components of the vehicle. As a result, the rising demand for vehicles in the automotive sector is anticipated to contribute significantly to the growth of the global microcontroller market during the forecast period.

Microcontrollers are largely used in the healthcare sector in medical care equipment such as blood pressure and heart rate monitors and spirometers. Microcontrollers can help in providing accurate patient information and in reducing the cost of medical devices Furthermore, related health disorders and growing geriatric population are projected to increase the demand for medical electronic devices. This, in turn, would result in the proliferation of the microcontroller market during the forecast period.

Growing awareness for smart energy management with innovations and technological advancements is projected to drive the market growth further. The smart grid is one of the technologies that combine with digital communication and electrical network to ease remote control facility. A smart grid uses communication channel and smart meters to communicate. Therefore, microcontrollers are used to ensure that the communication between locations is smooth and without any delays. Hence, smart meter installations are expected to drive the market significantly.

 

However, production and designing microcontroller are complex and critical due to the use of hardware components by vendors coupled with an integration of complex peripherals and devices. Despite this, manufacturers need to be more careful during the process of manufacturing to avoid bugs. The production process involves verification and testing of defects in the device multiple times, which is very expensive and it could hamper the market growth.

Growing competition in the market has resulted in the reduction of the product price, which is anticipated to further propel the product demand. The decreasing average selling prices along with high demand from major application areas are expected to drive the market growth. Moreover, declining production of automotive and the global slowdown in the sales can affect the growth, as microcontrollers are majorly used in automotive applications.

 

Product-wise, the market is segmented into 8-bit, 16-bit, and 32-bit. The 8-bit technology lowers the material costs and simplifies the product design. The developers select the controllers based on the degree of interfacing needed, power consumption and processing capability required.

 

An 8-bit Microcontroller Unit (MCU) consists of software simplicity, a low gate count and lesser complexity, which makes it less costly than the other microcontroller types. Although, 8-bit MCU is projected to witness slow growth owing to lack of huge internal Random-Access Memory (RAM) and processing speed which generally runs at 8 Mhz.

The 32-bit MCUs consume less power and has a greater processing power than their counterparts. Further, the rising popularity of 32-bit MCUs due to the decreasing per-unit price is projected to drive the segment growth. Expanding communications, consumer devices, automotive, and industrial sectors are predicted to proliferate the 32-bit MCU segment during the forecast period.

 

Asia Pacific region is projected to exhibit remarkable growth during the forecast period. The growth of tech start-up in emerging economies, such as India, which offer basic controller services coupled with innovative add-on products and services such as GPS navigation, insurance and entertainment systems are some of the key factors contributing to the market growth.

 

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

microcontrollers unit market

Microcontroller Unit Market Segmentation:

By Product

·     8-Bit

·     16-Bit

·     32-Bit

 

By Application

·     Automotive

·  Powertrain & Chassis

·  Safety & Security

·  Body Electronics

·  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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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics