Microcontroller Market Size Worth $47.7 Billion By 2027

1. Microcontroller Market Size Worth $47.7 Billion By 2027 “The global microcontroller market size is estimated to account for USD 47.74 billion by 2027. The market is projected to register over 10% CAGR from 2020 to 2027.” Global “Microcontroller Market” report offers an overview of the market size, share, trends, drivers, and barriers with respect to the microcontroller Industry. Latest report on the global Microcontroller market is a compilation of key market insights and discusses key market dynamics such as drivers, restraints, and opportunities at length. It also provides a comprehensive overview of the market of different regions across North America, Europe, Asia Pacific, South America, Africa and Others. The Microcontroller Market report discusses the primary industry growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions. Significant Features that are Under Offering and Key Highlights of the Reports: • Detailed overview of Microcontroller Market • Changing market dynamics of the Microcontroller industry • In-depth market segmentation by Type, Application etc • Historical, current and projected market size in terms of volume and value • Recent Microcontroller industry trends and developments • Competitive landscape of Microcontroller Market • Strategies of key players and product offerings Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/microcontroller-market/request-sample

2. The global microcontroller market size is estimated to account for USD 47.74 billion by 2027. The market is projected to register over 10% CAGR from 2020 to 2027. Growing automation across several industries, the emergence of industry 4.0 and AI-integration are the key factors driving the demand for the microcontroller in the industrial application. In addition, consumer electronic is one of the major end-users of the microcontroller. Over the past few years, the demand for consumer electronics has increased manifold across regions. The increasing need for flexibility and agility in the industries due to the reduced product lifecycle is anticipated to bolster the demand for microcontroller units. Besides, increasing development of the smart grid is attributing to the growth of the market. Miniaturization has become a new trend in the production of components. Microcontrollers’ miniaturization not only provides high performance but consume less power. The increasing number of equipment supporting IoT and Ethernet is projected to boost the microcontrollers market growth over the next few years. In the recent past, microcontrollers integrated with wireless interfaces like Bluetooth and ZigBee have witnessed significant growth. Rising focus on implementing the energy-efficient solution in process and discrete industries is estimated to augment sustainable manufacturing. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/microcontroller-market Further key findings from the report suggest: • Over the forecast duration, 32-bit microcontroller segment would be the fastest growing segment. • In 2019, the automotive segment held the largest share in the market and likely to register over 11% CAGR from 2020 to 2027. • North America is estimated to continue its dominance in the next seven years. • Factors such as trade war between the U.S. and China and Brexit are hampering the market growth.

3. • Leading players operating in the market are ST Microelectronics, NXP Semiconductor, Microchip Technology and Renesas Electronics Corp. among others. Million Insights segmented the global microcontroller market on the basis of product, application and region: Microcontroller Product Outlook (Revenue, USD Million, 2016 - 2027) • 8-bit • 16-bit • 32-bit Microcontroller Application Outlook (Revenue, USD Million, 2016 - 2027) • Automotive • Consumer Electronics • Industrial • Medical Devices • Military & Defense Microcontroller Regional Outlook (Revenue, USD Million, 2016 - 2027) • North America • U.S. • Canada • Mexico • Europe • U.K. • Germany • Asia Pacific • China • Japan • India • South America

4. • Brazil • Middle East & Africa See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/semiconductor Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights 410 E Santa Clara Street, Unit #1008 San Jose,CA 95113, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-8956380892