Global Microcontroller Socket Market 2017-2021
About Microcontroller Socket
A microcontroller socket is an electromechanical device, which provides a removable interface between the IC package and the system circuit board with minimal effect on integrity. Microcontroller sockets are used to integrate microcontrollers for embedded applications or other general-purpose applications such as extending the connection of microcontroller to embedded boards. Microcontroller sockets are also called as target development boards.
Technavio’s analysts forecast the global microcontroller socket market to grow at a CAGR of 7.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global microcontroller socket market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Microcontroller Socket Market 2017-2021
Technavio recognizes the following companies as the key players in the global microcontroller socket market: Microchip Technology, Renesas Electronics, STMicroelectronics, and Texas Instruments.
Other Prominent Vendors in the market are: Advanced Interconnections, Andon Electronics, Aries Electronics, CnC Tech, Mill-Max Mfg, NXP Semiconductors, and Smatec.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing adoption of smart machines. Leading vendors such as Intel, GM, Toyota, and Google are investing heavily in smart machines. With the advances in technology, scientists and engineers are working on developing devices and systems that can work autonomously. Autonomous devices include driverless cars, autonomous personal assistants, and drone-based delivery systems.”
According to the report, one driver in the market is growing demand for mobile computing devices. The global microcontroller socket market is driven by the growing adoption of smartphones, tablets, notebooks, and wearable devices. With the growing adoption of microelectronics products, various consumer electronic devices are being manufactured with smart control. In addition, the smartphone segment dominates the global consumer electronics market. Smartphones are used for multiple purposes such as surfing, social networking apps, and gaming. In 2016, the global smartphone market was valued at $372.4 billion and is expected to reach $499.2 billion by 2021.
Further, the report states that one challenge in the market is fluctuating demand and cyclical nature of industry. With the development of new technologies and products, the global microcontroller market and the global embedded system market are experiencing rapid technological changes. The demand for the semiconductor market is changing rapidly due to the development of new or updated semiconductor chips. This contributes toward the shortening of the life cycle of microcontroller sockets. As a result of this, the ASP of the products decreases. Vendors operating in the semiconductor market must have the ability to successfully develop, manufacture, and market innovative products as per the demand scenarios.
Microchip Technology, Renesas Electronics, STMicroelectronics, Texas Instruments, Advanced Interconnections, Andon Electronics, Aries Electronics, CnC Tech, Mill-Max Mfg, NXP Semiconductors, and Smatec.