Microcontroller Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Microcontroller Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Microcontroller Market
The microcontroller market size was valued at USD 29.06 billion in 2020, and the market is now projected to grow from USD 30.63 billion in 2021 to USD 51.13 billion by 2028, exhibiting a CAGR of 7.6% during the forecast period of 2021-2028.
There is forecasted growth of usage of microcontrollers in electric and leveled automated vehicles, devices in the medical field, home electronics, and industrial production. The requirements have been further boosted by COVID-19 pandemic, where there is a need for automated industrial machines and electronic equipment. Because of the rising automation in industries, the use of microcontrollers to manage products’ function is imperative. These are the prospects we hope will push MCU demand higher in the coming years.
Because of the unexpected occurrence of the COVID-19 pandemic and its adverse impacts on the global society, OEMs within the medical equipment sector have targeted innovation in Unlike other industries, the healthcare segment has received little attention in terms of cutting-edge solutions for patients with mild diseases over the years due to lack of relevant stimuli, especially at the beginning of the medical equipment manufacturing companies have shifted their attention towards offering a comprehensive package of innovation for treatment and monitoring of COVID This has lent focus to the quality of the healthcare devices with efforts to produce high-quality devices at affordable prices. Medical technologies have thus been demanded to meet the need for innovative and efficient health care products. This emphasis on inexpensive, yet effective solutions will be intending to improve the quality of patient care during an ongoing global pandemic.
The global demand of ADAS has increased in the last three years and it is in the increase, due to its abilities to offer automated monitoring, braking, warning, and steering. This increase is because of consumer interest in safety products and voluntarily and mandatory standards for safe products and systems. With safety standards gradually increasing over the years automakers are installing more ADAS systems to improve driver safety. This means that there will be increased call for the use of these systems in vehicles in the next decade.
Comprehensive Analysis of Microcontroller Market
The microcontroller market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by product type analysis and by application analysis. By product type analysis incudes 8-bit MCU, 16-bit MCU, and 32-bit MCU. By application analysis incudes networking & communications, automotive, consumer electronics, industrial, medical devices, and military & defense, respectively.
The Asia Pacific region lead the microcontroller market share by benefitting a market size of USD 13.63 billion in 2020 due to mass obtainability of raw materials.
Top players in the market have their responsibility of semiconductor & electronics industrial prospectus growth of the retailing industry and the markets. These players include, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Texas Instruments Incorporated, Microchip Technology Inc., Renesas Electronics Corporation, STMicroelectronics, NXP Semiconductors, Intel, Infineon Technologies AG, Maxim Integrated, ON Semiconductor, ROHM CO., LTD., Zilog, Inc. these market players provide a level-playing competitive landscape.
In January 2021, Toshiba Electronic Devices & Storage Corporation introduced five new TXZ+ family advanced microcontrollers, featuring Arm Cortex-M4 and Cortex-M3 cores, for applications including IoT, motor control, and sensing.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017 – 2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021 – 2028
Historical Period
2017 – 2019
Unit
Value (USD billion)
Segmentation
Product Type, Application and Region
By Product Type
8-Bit
16-Bit
32-Bit
By Application
Networking & Communications
Automotive
Consumer Electronics
Industrial
Medical Devices
Military & Defense
By Region
North America (Product Type, Application and Country)
- U.S.
- Canada
- Mexico
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- South Korea
- Southeast Asia
- Oceania
- Rest of Asia Pacific
- South Africa
- GCC
- Rest of Middle East and Africa
- Brazil
- Argentina
- Rest of South America
Table of Contents
120 Pages
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Force Analysis
- 4.4. Global Microcontroller Market Share Analysis, 2020
- 5. Key Market Insights and Strategic Recommendations
- 6. Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
- 6.1.1. Key Management
- 6.1.2. Headquarters etc.
- 6.2. Offerings/Business Segments
- 6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 6.3.1. Employee Size
- 6.3.2. Key Financials
- 6.3.2.1. Past and Current Revenue
- 6.3.2.2. Gross Margin
- 6.3.2.3. Geographical Share
- 6.3.2.4. Business Segment Share
- 6.4. Recent Developments
- 7. Primary Interview Responses
- 8. Annexure / Appendix
- 9.
- 9.1. Global Microcontroller Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.1.1. By Product Type (USD Bn)
- 9.1.1.1. 8-Bit
- 9.1.1.2. 16-Bit
- 9.1.1.3. 32-Bit
- 9.1.2. By Application (USD Bn)
- 9.1.2.1. Networking & Communications
- 9.1.2.2. Automotive
- 9.1.2.3. Consumer Electronics
- 9.1.2.4. Industrial
- 9.1.2.5. Medical Devices
- 9.1.2.6. Military & Defense
- 9.1.3. By Region (USD Bn)
- 9.1.3.1. North America
- 9.1.3.2. Europe
- 9.1.3.3. Asia Pacific
- 9.1.3.4. Middle East & Africa
- 9.1.3.5. South America
- 9.2. North America Microcontroller Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.2.1. By Product Type (USD Bn)
- 9.2.1.1. 8-Bit
- 9.2.1.2. 16-Bit
- 9.2.1.3. 32-Bit
- 9.2.2. By Application (USD Bn)
- 9.2.2.1. Networking & Communications
- 9.2.2.2. Automotive
- 9.2.2.3. Consumer Electronics
- 9.2.2.4. Industrial
- 9.2.2.5. Medical Devices
- 9.2.2.6. Military & Defense
- 9.2.3. By Country (USD Bn)
- 9.2.3.1. United States
- 9.2.3.2. Canada
- 9.2.3.3. Mexico
- 9.3. Europe Microcontroller Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.3.1. By Product Type (USD Bn)
- 9.3.1.1. 8-Bit
- 9.3.1.2. 16-Bit
- 9.3.1.3. 32-Bit
- 9.3.2. By Application (USD Bn)
- 9.3.2.1. Networking & Communications
- 9.3.2.2. Automotive
- 9.3.2.3. Consumer Electronics
- 9.3.2.4. Industrial
- 9.3.2.5. Medical Devices
- 9.3.2.6. Military & Defense
- 9.3.3. By Country (USD Bn)
- 9.3.3.1. UK
- 9.3.3.2. Germany
- 9.3.3.3. France
- 9.3.3.4. Italy
- 9.3.3.5. Spain
- 9.3.3.6. Rest of Europe
- 9.4. Asia Pacific Microcontroller Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.4.1. By Product Type (USD Bn)
- 9.4.1.1. 8-Bit
- 9.4.1.2. 16-Bit
- 9.4.1.3. 32-Bit
- 9.4.2. By Application (USD Bn)
- 9.4.2.1. Networking & Communications
- 9.4.2.2. Automotive
- 9.4.2.3. Consumer Electronics
- 9.4.2.4. Industrial
- 9.4.2.5. Medical Devices
- 9.4.2.6. Military & Defense
- 9.4.3. By Country (USD Bn)
- 9.4.3.1. China
- 9.4.3.2. Japan
- 9.4.3.3. India
- 9.4.3.4. South Korea
- 9.4.3.5. Southeast Asia
- 9.4.3.6. Oceania
- 9.4.3.7. Rest of Asia Pacific
- 9.5. Middle East & Africa Microcontroller Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.5.1. By Product Type (USD Bn)
- 9.5.1.1. 8-Bit
- 9.5.1.2. 16-Bit
- 9.5.1.3. 32-Bit
- 9.5.2. By Application (USD Bn)
- 9.5.2.1. Networking & Communications
- 9.5.2.2. Automotive
- 9.5.2.3. Consumer Electronics
- 9.5.2.4. Industrial
- 9.5.2.5. Medical Devices
- 9.5.2.6. Military & Defense
- 9.5.3. By Country (USD Bn)
- 9.5.3.1. GCC
- 9.5.3.2. South Africa
- 9.5.3.3. Rest of Middle East & Africa
- 9.6. South America Microcontroller Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- 9.6.1. By Product Type (USD Bn)
- 9.6.1.1. 8-Bit
- 9.6.1.2. 16-Bit
- 9.6.1.3. 32-Bit
- 9.6.2. By Application (USD Bn)
- 9.6.2.1. Networking & Communications
- 9.6.2.2. Automotive
- 9.6.2.3. Consumer Electronics
- 9.6.2.4. Industrial
- 9.6.2.5. Medical Devices
- 9.6.2.6. Military & Defense
- 9.6.3. By Country (USD Bn)
- 9.6.3.1. Brazil
- 9.6.3.2. Argentina
- 9.6.3.3. Rest of South America
- 10. List of some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/USD Bn chain.
- 11. (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope. However, at the same, we are open to profile additional company(s) on specific request)
- 12. TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
- 13. Texas Instruments Incorporated
- 14. Microchip Technology Inc.
- 15. Renesas Electronics Corporation
- 16. STMicroelectronics
- 17. NXP Semiconductors
- 18. Intel
- 19. Infineon Technologies AG
- 20. Maxim Integrated (Analog Devices)
- 21. ON Semiconductor
- 22. ROHM CO., LTD.
- 23. Zilog, Inc.
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