Microcontroller Market, By Product Type (8-bit, 16-bit, and 32-bit), By Application (Industrial, Med

Published Date: | Report Code : IT1950246

The microcontroller market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as medical devices, military & defense, and consumer electronics during the forecast period. 

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

Segment Analysis: 

The microcontroller market has been segmented based on product type into 8-bit, 16-bit, and 32-bit. The 8-bit technology simplifies the product design and lowers the cost of the material. It is cheaper than other types of microcontroller due to its software simplicity and lesser complexity. The 32-bit has greater processing power and consumes less power. The increasing popularity of 32-bit, owing to the decreasing unit price is expected to fuel the segment growth.

The automotive application segment of the microcontroller market is expected to witness significant demand from the automotive sector. Specifically, in the Advanced Driver Assistance System (ADAS), the technology uses image sensors to improve the driver’s safety using special features such as lane departure warning, parking assistance, and collision avoidance systems. The growth of the automotive sector is driven by the increase in the number of luxury cars that use advanced microcontrollers. Moreover, microcontrollers are also used in consumer electronics and healthcare products. The growth of the market is driven by the rising demand for consumer electronic products, such as microwave ovens, cameras, robots, washing machines, and other products.

 Key Factors Impacting Market Growth:

  • Growing demand for medical devices and automotive
  • Increasing adoption of external flash memory for microcontrollers
  • Rising implementation of automation technology across industries

Regional Analysis:

By region, the microcontroller market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the microcontroller market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America microcontroller market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.  

Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: 

STMicroelectronics, Infineon Technologies, Microchip Technology, NXP Semiconductors, and Renesas Electronics

Market Segmentation: 

By Product Type:

  • 8-bit
  • 16-bit
  • 32-bit

By Application:

  • Industrial
  • Medical Devices
  • Military & Defense
  • Consumer Electronics
  • Automotive
    • Body Electronics
    • Safety & Security
    • Telematics & Infotainment
    • Power Train & Chassis

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Product Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Product Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global microcontroller market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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