Global microcontroller market is set to witness a substantial CAGR of 8.4% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for portable devices and increasing usage of microcontrollers for edge computing purposes are the major factor for the growth of this market.
Few of the major competitors currently working in the global microcontroller market 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., Microchip Technology Inc., Parallax Inc., Semiconductor Components Industries, LLC, LAPIS Semiconductor Co., Ltd., Intel Corporation, Danfoss, em microelectronics, and others.
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Global Microcontroller Market By Product (8- Bit Microcontrollers, 16- Bit Microcontrollers, 32- Bit Microcontrollers), Application (Automotive, Consumer Electronics, Industrial, Medical devices, Military &Defence, Communication, Computer, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026.
Market Definition: Global Microcontroller Market
Microcontroller is a small computer which is present on single circuit and is usually designed to perform one task and applications. These microcontrollers are widely used in devices such as microwave, ovens, cell phones, washing machines and others. These microcontrollers usually consist of memory, input/ output peripheral and processor on the single chip. There main function is to control the few or all the functions of the electronic devices. These microprocessors are widely used in the industries such as automotive, consumer electronics, medical devices and others.
Increasing demand for flexibility and agility in industrial ecosystem is driving the market growth
Rising integration of internet of things (IoT) is the factor driving the market growth
Growth in the automotive industry and consumer electronics sectors will propel the growth of the market
Growing popularity to work through automated machines and equipment are the factor driving the market growth
Increasing adoption of external flash memory for microcontrollers will also accelerate the growth of the market
Challenges associated with the operational failure in extreme climatic condition will restrain the market growth
Increasing macroeconomic condition will also hamper the growth of the market
Segmentation: Global Microcontroller Market
- 8- Bit Microcontrollers
- 16- Bit Microcontrollers
- 32- Bit Microcontrollers
- Consumer Electronics
- Medical devices
- Military &Defence
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Key Developments in the Market:
In August 2017, Microchip Technology Inc., launched two new SAM microcontroller families SAM D5x and SAM E5x microcontroller which has the ability to provide better performance and good extensive connectivity and it can be used in different applications as well. These new devices are the combination of ARM Cortex-M4 processor with a Floating Point Unit through which the performance and efficiency of the system can be improved. SAM D5x and SAM E5x will provide an exceptional migration path for the developers wanting a cost effective solution along with built-in security and powerful performance
In March 2017, NXP Semiconductors N.V announced the launch of their MC9S08SUx microcontroller (MCU) family which is world’s smallest single-chip SoC solution. This new system is equipped with 18V-to-5V LDO and MOSFET through which it can provide high voltage solutions to robots, power tools, healthcare and others. The main aim of this launch is to replace the multiple device solutions with a single MCU which can help in decreasing cost
Global microcontroller market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microcontroller market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Research Methodology: Global Microcontroller Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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