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Microcontroller Market Share, Trend & Growth Forecast to 2027

Certain benefits of using microcontrollers include energy efficiency, stable output readings, and high precision input and output peripherals, all of which is integral for 24x7 monitoring and control applications. The growing adoption of advanced IoT technology in smart buildings has driven the demand for the product.

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Microcontroller Market Share, Trend & Growth Forecast to 2027

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  1. Microcontroller Market: , Industry Global Revenue, Historical Growth & Forecast Period 2021-27

  2. Industry Insights: • The global microcontroller market has gained considerable traction over the years due to the widespread use of these components in smart building automation systems. Automation systems like HVAC control, fire protection, and lighting systems, and security and surveillance technologies, are all integrated with microcontroller units. • Certain benefits of using microcontrollers include energy efficiency, stable output readings, and high precision input and output peripherals, all of which is integral for 24x7 monitoring and control applications. The growing adoption of advanced IoT technology in smart buildings has driven the demand for the product.

  3. Concerning the type of product, the Microcontroller Market is segmented into 8-bit, 16-bit, and 32-bit. However, when compared to the 8-bit and 32-bit variants, 16-bit controllers have witnessed a decline in their demand due to their low operational efficiency and the need for high programmable cycles when compared to the 32-bit microcontrollers. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4906 • This has adversely affected the demand for 16-bit MCUs across many end-use applications like healthcare, industrial and consumer electronics industry. Although, technological advancements with the integration of built-in Flash memory in the 16-bit microcontroller variants will support its use in automobile electronics.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/microcontroller-market Chapter 5 Microcontroller Market, By Product 5.1 Key trends, by product 5.2 8-bit 5.2.1 Market estimates and forecast, 2016 - 2027 5.3 16-bit 5.3.1 Market estimates and forecast, 2016 - 2027 5.4 32-bit

  5. Chapter 6 Microcontroller Market, By Application 6.1 Key trends, by application 6.2 Automotive 6.2.1 Market estimates and forecast, 2016 - 2027 6.3 Consumer electronics 6.3.1 Market estimates and forecast, 2016 - 2027 6.4 Industrial 6.4.1 Market estimates and forecast, 2016 - 2027

  6. Region: • Regionally speaking, Europe has emerged as a profitable revenue terrain in microcontroller industry and held a market share of approximately 25% during 2020 and is likely to grow at a CAGR of 6% up to 2027. The growth is attributed to the growing trends of deploying electric vehicle charging stations across the EU. As per the Department for Transport, UK Government, in June 2020, there were nearly 18,265 fully operational EV charging stations across the nations.

  7. Key Players • Microchip Technology Inc. • NXP Semiconductors N.V. • On Semiconductor • Panasonic Corporation • Renesas Electronics Corporation • Seiko Epson Corporation • Silicon Laboratories

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