Loading...

Microcontroller Market Expected to Reach $15.7 Billion, Globally by 2022

 
 

quote Global microcontroller market growth is primarily supplemented by the increase in number of applications that incorporate microcontrollers. Moreover, rise of artificial intelligence, increase in automation, and other technological developments indicate that this market awaits immense growth opportunities. quote

Komal Sharma
Research Analyst at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Microcontroller Market Report, published by Allied Market Research, forecasts that the global market is expected to reach $15.7 billion by 2022 from $8.6 billion in 2015, growing at a CAGR of 8.4% during the forecast period. In 2015, Asia-Pacific dominated with over 39% share of the overall market, and is anticipated to continue this trend during the forecast period.

Access full summary at: https://www.alliedmarketresearch.com/microcontrollers-market

Microcontroller is an electronic device that is used to control other hardware components of any device. It comprises integrated circuits (ICs), memory chips, and input & output devices. It is widely used in communication, retail, automotive, defense, aerospace, and other industries.

The increase in demand of multifunctional devices, growth in number of luxury cars with advanced electronic systems, and advancement in technological devices with touch screens and virtual reality have propelled the growth of microcontroller market.

In 2015, 8-bit microcontroller held over 35% market sharethe largest in terms of revenue. It is frequently used in electronic devices such as remote controls, switches, toys, and in sensors for data such as temperature. However, 32-bit microcontroller is anticipated to grow at a faster CAGR of 8.6% during the forecast period.

By application, the automotive segment held over 31% revenue share and dominated the microcontroller market in 2015. This was attributed to the surge in demand for automotive devices and the rise in the living standards and disposable income of individuals.

By geography, Asia-Pacific dominated the global microcontroller market with over 39% share in overall revenue; followed by Europe, North America, and LAMEA. Furthermore, it is anticipated to grow at the highest CAGR of 8.6% during the forecast period.

According to Komal Sharma, Research Analyst, Semiconductor & Electronics at AMR, Global microcontroller market growth is primarily supplemented by the increase in number of applications that incorporate microcontrollers. Moreover, rise of artificial intelligence, increase in automation, and other technological developments indicate that this market awaits immense growth opportunities.

Key Findings of Microcontroller Market Study:

  • 8-bit microcontroller segment dominated the market in 2015, with over 35% of market share. However, 32-bit microcontroller is expected to grow at a higher CAGR of 8.6%, while 16-bit microcontroller is estimated to grow at CAGR of about 8.5% during the forecast period.

  • Industrial application segment accounted for about 31% of the market in 2015.

  • Europe is anticipated to be among one of the fast growing regions owing to the presence of rapidly growing automotive industry.

  • Asia-Pacific dominated the market in 2015, due surge in demand for microcontrollers in China, South Korea, and Japan.


The major players profiled in the report include 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., and Panasonic Corporation.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Microcontroller Market by Product Type (8-Bit, 16 Bit, and 32 Bit) and Application (Industrial, Consumer Goods, Automotive, Communication, and Computers) - Global Opportunity Analysis and Industry Forecast, 2014-2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Microcontroller Market"
Purchase Enquiry