Microcontroller Market by Application (Automotive, Industrial, Consumer Goods,Communications, Computer and Others), by Product Type (8 bit, 16 bit, 32 bit), Industry Trends, Estimation & Forecast, 2016 - 2024

September 2017

 Pages: 110

 ERC 5491

Microcontroller Market was valued at $9.80 billion in 2016 and is projected to reach $18.88 billion by 2024, having a CAGR of 8.6 % during the forecast period of 2017 to 2024.The 32-bit microcontroller segment generated the highest revenue share in the global microcontroller market.

A microcontroller is a small computer on a single integrated circuit. In terms of modern terminology, it is a system on a chip or SoC. A microcontroller may consist of one or more CPUs (processor cores) along with memory and programmable input/output peripherals. Program memory in the form of Ferroelectric RAM, NOR flash or OTP ROM is also often integrated on chip, as well as a small RAM. Microcontrollers are designed for embedded applications, in contrast to the microprocessors used in personal computers or other general purpose applications consisting of various discrete chips. Microcontrollers are used in automatically controlled products and devices, such as automobile engine control systems, implantable medical devices, remote controls, office machines, appliances, power tools, toys and other embedded systems.
Market Dynamics

Growing automotive industry, decreasing microcontroller prices and constantly growing demand for medical electronics are some major driving factors which are helping the growth of the microcontroller market. Hybrid electric vehicles require a large number of microcontrollers compared to regular automotive. There is an increase in the number of these vehicles as a result of growing awareness of energy efficiency, hence boosting the growth of the market. However, significant competitor base and macroeconomic conditions might act as a restraining factor for the market. Increasing penetration of smart grid systems will act as a future opportunity for the microcontroller market.

Market Segmentation

The global microcontroller market is segmented on the basis of product type, application, and geography. On the basis of product type, the market is segmented as 8 bit, 16 bit, and 32-bit microcontrollers. By, application, the market is categorized as automotive, industrial, consumer goods, computer, and communications. Geographically, the market is segmented as North America, Europe, Asia-Pacific and Rest of World. 32-bit microcontrollers led the global microcontroller market in 2016 and are expected to lead it throughout the forecast period. Asia-Pacific is the largest growing market in terms of microcontrollers. This is because of the emerging nations largely investing in the electronic segment. Countries like China, Japan, India, and Taiwan are the rapidly growing micro controller technologies which will lead the global market in the future as well.

Some major market players of the market are Renesas Electronic Corporation, Microchip Technology Inc., NXP Semiconductor N.V., Texas Instrument Incorporated, STMicroelectronics, Infineon Technologies AG, Fujitsu Semiconductor Limited, Cypress Semiconductor Corporation, ARM Ltd., Panasonic Corporation

MICROCONTROLLER MARKET SEGMENTATION

By Application

    • Automotive
    • Industrial
    • Consumer Goods
    • Computer
    • Communications

By Product Type

    • 8 bit
    • 16 bit
    • 32 bit

By Geography

    • North America
    • Europe
    • Asia Pacific
    • Rest of World

KEY MARKET PLAYERS

     • Renesas Electronic Corporation
     • Microchip Technology Inc.
     • NXP Semiconductor N.V.
     • Texas Instrument Incorporated
     • STMicroelectronics
     • Infineon Technologies AG
     • Fujitsu Semiconductor Limited
     • Cypress Semiconductor Corporation
     • ARM Ltd.
     • Panasonic Corporation

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    What Information does this report contain?

    • What was the market size of the  Microcontroller Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions, and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Microcontroller Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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