Global Microcontroller Market, By Product (8- Bit Microcontrollers, 16- Bit Microcontrollers, 32- Bit Microcontrollers and 64- Bit Microcontrollers), Architecture (Architecture, AVR Architecture, PIC Architecture, ARM Architecture and Others), Memory (Embedded Memory Microcontroller and External Memory Microcontroller), Application (Automotive, Consumer Electronics, Industrial, Medical devices, Military and Defence, Communication, Computer and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the microcontroller market would exhibit a CAGR of 9.35% for the forecast period. Growth and expansion of semiconductors industry, increasing usage of microcontrollers for edge computing purposes and increased demand for portable devices are the major factors attributable to the growth of microcontroller market. Therefore, in terms of market value, the microcontroller market would stand tall by USD 6,027.72 million by the year 2028.
A microcontroller is a small, self-sufficient and CPU processing chip that is used to provide security in cryptography solutions. The main role of the microcontrollers is used control some or all the functions of the consumer electronic devices.
Increasing demand for connected devices coupled with increased adoption of internet of things technology would imply growth in the microcontroller market value. Increasing adoption of external flash memory for microcontrollers will also create lucrative growth opportunities for the microcontroller market in the long run. Rising incorporation of microcontrollers in the medical devices and equipment is also fostering the microcontroller market growth. Growing and expansion of automotive and electronics industries will further induce growth in the demand for microcontrollers.
However, increasing macroeconomic conditions will pose a major challenge to the microcontroller market growth. Also, challenges associated with the operational failure in extreme climatic condition will act as market restraint for the microcontroller market. Intense competition among 16-bit, 32-bit and other microcontroller systems will further dampen the microcontroller market growth rate. Lack of standardisation and security and privacy concerns will also hamper the microcontroller market growth rate.
This microcontroller market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on microcontroller market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Microcontroller Market Scope and Market Size
The microcontroller market is segmented on the basis of product, architecture, memory and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the microcontroller market is segmented into 8- bit microcontrollers, 16- bit microcontrollers, 32- bit microcontrollers and 64- bit microcontrollers.
- Based on architecture, the microcontroller market is segmented into architecture, AVR architecture, PIC architecture, ARM architecture and others.
- Based on memory, the microcontroller market is segmented into embedded memory microcontroller and external memory microcontroller.
- On the basis of application, the microcontroller market is segmented into automotive, consumer electronics, industrial, medical devices, military and defence, communication, computer and others. Automotive segment is sub-segmented into powertrain and chassis, body electronics, safety and security systems and infotainment and telematics.
Global Microcontroller Market Country Level Analysis
Global microcontroller market is analysed and market size insights and trends are provided by country, product, architecture, memory and application as referenced above.
The countries covered in the microcontroller market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the microcontroller market and will continue to extend its trend of dominance during the forecast period. Presence of semiconductor major players is one of the major factors fostering the growth of microcontroller market in this region. Also, increasing penetration of smartphones, tablets and other consumer durable electronic gadgets coupled with increasing industrial automation will bolster in market growth rate in the upward direction. Asia-Pacific will however register the highest compound annual growth rate (CAGR) for this forecast period. Growing demand for smart home electronic appliances, increased adoption of cloud based solutions and increasing demand for internet of things technology are the major growth inducing factors for the region. Growth and expansion of semiconductor and electronics industries is another factor propelling growth in the microcontroller market value.
The country section of the microcontroller market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Microcontroller Market Share Analysis
The microcontroller market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to microcontroller market.
The major players covered in the microcontroller market report are Cypress Semiconductor Corporation, Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors, Renesas Electronics Corporation, STMicroelectronics, TE Connectivity, Texas Instruments Incorporated, Zilog, Inc., Panasonic Corporation, Arm Limited, Analog Devices, Inc., TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Parallax Inc., Semiconductor Components Industries, LLC, LAPIS Semiconductor Co., Ltd., Intel Corporation, Danfoss, EM Microelectronic and Silicon Laboratories among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.