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Growth of the automotive sector is driven by an increase in the number of luxury cars that use advanced microcontrollers. Apart from automotive sector, the product is used in consumer electronics and healthcare sectors, among others.<br>
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Microcontroller Market Size Worth $35.29 Billion By 2025 | CAGR: 9.2% | Grand View Research, Inc “Growth of the automotive sector is driven by an increase in the number of luxury cars that use advanced microcontrollers. Apart from automotive sector, the product is used in consumer electronics and healthcare sectors, among others.” The global microcontroller market is anticipated to reach USD 35.29 billion by 2025, exhibiting a CAGR of 9.2% over the forecast period, according to a new study by Grand View Research, Inc. Increasing demand for embedded control systems in multifunctional devices such as vehicles, robots, medical devices, mobile radio, residential appliances among other microcontrollers, is playing a principal role in the growth of the market. Growing use of consumer electronics by people on a daily basis is anticipated to drive the need devices with higher performance and greater functionalities. Microcontrollers would play a crucial role in the development of such devices leading to the growth of the market. Rising need for agility and flexibility in the industrial ecosystem due to the reducing product lifecycles is expected to further spur the growth. The consumer electronics segment has also witnessed a significant growth owing to innovative technological developments. Furthermore, many independent players in the market are developing tools and applications that support the microcontroller architecture owing to its advantages. Follow Us:
Miniaturization of microcontrollers and the delivery of high performance with extremely low power usage are some of the key advantages of using the device. The increased demand for devices supporting Ethernet and Internet of Things (IoT) is also expected to favorably impact the demand for microcontrollers over the next six years. The demand for microcontroller chips integrated with wireless interfaces, such as ZigBee, microcontrollers and Bluetooth, has witnessed a huge rise. Furthermore, rising need for wireless sensor-based networks for the controlling and monitoring of systems has enhanced the interest of companies in implementing a combination of low-cost systems. Increasing focus on the implementation of energy-efficient solutions for both discrete and process industries is anticipated to propel sustainable manufacturing in industry automation for a more efficient process. Flexible manufacturing and asset management would also influence the factory integration, offering high potential for automation and customized solutions among industrial applications. To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/microcontroller-market Further key findings from the study suggest: •The 32-bit microcontroller is expected to emerge as the fastest growing product segment over the forecast period, owing to its ability to offer high computational power. Technological developments in Follow Us:
production of semi-autonomous and fully-autonomous driving systems also require 32-bit microcontrollers, thus driving the growth •Automotive segment is expected to remain the dominant application segment over the forecast period. Increasing consumer demand for enhanced safety features, convenience functions, and entertainment systems, along with government regulations on emission control are driving the segment growth •North America is expected to remain one of the key over the forecast period. The use of microcontrollers for smart energy management and photovoltaic systems is expected to be the major factor contributing to the regional growth •Asia Pacific microcontroller market is anticipated to witness significant growth over the forecast period, owing to the increasing growth of automotive and consumer electronics sectors •Key market players include Renesas Electronics Corporation; NXP Semiconductor; Microchip Technology Inc.; STMicroelectronics; Infineon Technologies AG; and Texas Instruments View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/electronic-devices Grand View Research has segmented the global microcontroller market on the basis of product, application, and region: Microcontroller Product Outlook (Revenue, USD Billion, 2015 - 2025) •8-bit •16-bit •32-bit Microcontroller Application Outlook (Revenue, USD Billion, 2015 - 2025) •Automotive oPowertrain & Chassis Follow Us:
oSafety & Security oBody Electronics oTelematics & Infotainment •Consumer Electronics •Industrial •Medical Devices •Military & Defense Microcontroller Regional Outlook (Revenue, USD Billion, 2015 - 2025) •North America •Europe •Asia Pacific •Latin America •Middle East & Africa (MEA) Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-microcontroller-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Sherry James Follow Us:
Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com Follow Us:
