Global Microcontroller Market Expected to Reach $41.6 Billion in Revenue by 2030 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Analysis Report of the Microcontrollers Market Size, Share, and Trends by Product (8-Bit, 16-Bit, 32-Bit), by Application (Consumer Electronics & Telecom, Industrial, Automotive), by Region, and Forecast segment, 2022-2030” report has been added to from ResearchAndMarkets.com offer.

The global microcontroller market size is expected to reach USD 41.6 billion by 2030. It is expected to grow at a CAGR of 9.8% from 2022 to 2030. Globally, more than 27 billion microcontroller units were shipped in 2021. The growth of the market is attributed to the increasing focus on automation and artificial intelligence in various verticals such as automotive and manufacturing. Growing demand for integrated control systems in multifunctional devices such as vehicles, robots, medical devices, mobile radio, and residential devices also plays a major role in the growth of the market.

However, the market has seen a decline in revenue due to the adverse effects of the COVID-19 pandemic. Major companies such as Infineon Technologies AG, NXP Semiconductors, Texas Instruments Incorporated and STMicroelectronics experienced a significant drop in revenue in the first two quarters of 2020. However, as lockdown restrictions are gradually lifted, facilities manufacturing across the world are reopening with a limited workforce. Additionally, as automotive and industrial plants around the world reopen, demand for microcontrollers is expected to grow steadily from 2022 to 2030.

The growing need for agility and flexibility in the industrial ecosystem due to the reduction of product life cycles is expected to further drive growth. The consumer electronics segment has witnessed significant growth due to innovative technological developments such as wireless sensing and connectivity, automation, as well as the emergence of IoT ecosystems in homes. Moreover, many market players are developing microcontrollers with advanced architecture to make them compatible with devices with such technologies. Microcontroller miniaturization and providing high performance with extremely low power consumption are some of the major advantages offered by some of the newer microcontroller units in the market.

Increased demand for devices supporting Ethernet and Internet of Things (IoT) is also expected to have a favorable impact on the demand for microcontrollers during the forecast period. The demand for microcontroller chips integrated with wireless interfaces, such as ZigBee, microcontrollers, and Bluetooth, has seen a tremendous increase. In addition, the growing need for wireless sensor-based networks for system control and monitoring has increased business interest in implementing a combination of low-cost systems.

The growing focus on implementing energy-efficient solutions for discrete and process industries is expected to propel sustainable manufacturing into industrial automation for more efficient process. Flexible production and asset management would also influence factory integration, offering high potential for automation and customized solutions among industrial applications.

Highlights of the Microcontrollers Market Report

  • 32-bit microcontroller is expected to become the fastest growing product segment over the forecast period owing to its ability to deliver high computing power. Technological developments in the production of semi-autonomous and fully autonomous driving systems also require 32-bit microcontrollers, thus driving the product segment

  • The consumer electronics and telecommunications applications segment dominated the global market in 2021. positive in the world market. Favorable regulatory scenario for the installation of smart grid systems is expected to drive the demand for microcontrollers during the forecast period

  • Asia-Pacific dominated the market in 2021. There is expected to be significant demand, especially in India and China, owing to the availability of high-end luxury and economy vehicles. Rising labor cost in China would lead to increasing automation of industrial processes which is expected to propel the market demand over the projected period

  • Factors such as Brexit and the US-China trade war have led to deteriorating market conditions. New U.S. tariffs on Chinese products and a slowdown in the Chinese economy are the major factors affecting the steady growth of the market

Companies cited

  • Broadcom Inc.

  • Cypress Semiconductor Corporation

  • Fujitsu Semiconductor Limited

  • Infineon Technologies SA

  • Microchip Technology Inc.

  • NXP Semiconductors

  • Renesas Electronics Corporation

  • STMicroelectronics

  • TE Connectivity Ltd.

  • Texas Instruments Incorporated

  • Toshiba Electronic Devices & Storage Corporation

  • Yamaichi Electronics Co., Ltd.

  • Zilog, Inc.

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive Summary

2.1. Market overview

2.2. Market overview

2.3. Segment information

2.4. Microcontroller market revenue estimates, 2017-2030

Chapter 3. Market Variables, Trends and Outlook

3.1. Market segmentation

3.2. Microcontroller market size and growth prospects

3.3. Microcontrollers Market – Value Chain Analysis

3.4. Microcontroller Market Dynamics

3.4.1. Market Driver Analysis

3.4.1.1. Increased adoption of smart meters in smart grid systems

3.4.1.2. Growing demand from the medical and automotive sectors

3.4.1.3. Emergence of the Internet of Things (IoT)

3.4.2. Market Restriction Analysis

3.4.2.1. Unfavorable macroeconomic conditions

3.4.2.2. Impact of the COVID-19 pandemic

3.4.3. Analysis of market opportunities

3.4.3.1. Growing focus on artificial intelligence

3.5. Mapping Microcontroller Penetration and Growth Prospects

3.6. Global Microcontroller Price Analysis, 2017-2030

3.7. Microcontroller Market – Porter’s Five Forces Analysis

3.8. Microcontroller Market – PEST Analysis

3.9. Analysis of major transactions and strategic alliances

Chapter 4. Microcontroller Market: Product Outlook

4.1. Microcontrollers Market, by Product Analysis and Market Share, 2021 & 2030

4.2. 8 bit

4.3. 16 bit

4.4. 32 bit

Chapter 5. Microcontroller Market: Application Outlook

5.1. Microcontroller market, by application analysis and market share, 2021 and 2030

5.2. Automotive

5.3. Consumer Electronics and Telecom

5.4. Industrial

5.5. Medical equipement

5.6. Aerospace and Defense

5.7. Others

Chapter 6. Microcontroller Market: Regional Estimates and Trend Analysis

6.1. Microcontroller market share by region, 2021 & 2030

6.2. North America

6.3. Europe

6.4. Asia Pacific

6.5. South America

6.6. Middle East and Africa

Chapter 7. Competitive Analysis

7.1. Recent Developments and Impact Analysis, by Key Market Players

7.2. Categorization of companies/competitors (key innovators, market leaders, emerging players)

7.3. Supplier Landscape

7.3.1. Microcontroller: key customers of selected companies

7.3.1.1. NXP Semiconductors

7.3.1.2. Texas Instruments Incorporated

7.3.1.3. Renesas Electronics Corporation

7.3.1.4. STMicroelectronics

7.3.1.5. Infineon Technologies SA

7.3.2. Key Companies Market Share Analysis, 2021

7.4. Business analytics tools

7.4.1. Market position analysis

7.4.2. Competitive Dashboard Analysis

7.4.3. Synergy analysis

Chapter 8. Competitive Landscape

For more information on this report, visit https://www.researchandmarkets.com/r/sib9uz

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