September 23, 2021
Microcontroller

Microcontroller (MCU) Market to Record 27.10% CAGR Through 2027

Precedence Research has published a new report titledMicrocontroller (MCU) Market (By Product: 32-bit, 16-bit, and 8-bit; By Application: Consumer Electronics, Automotive, Industrial, Military & Defense, and Medical Devices) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027“, the global microcontroller (MCU) market size is expected to grow US$ 48.11 Billion by 2027, decelerating at a CAGR of over 10.6% from 2020 to 2027. The report contains 250+ pages with detailed analysis.

Microcontroller is a type of processor on a single Integrated Circuit (IC) that contains processor, memory, and input/output peripheral. They are installed in automatically controlled electronic devices and products that include office machinery, remote controls, toys, power tools, home appliances, and other embedded systems. Technology used in the microcontroller ensures smooth management of electronic devices as well as prevents error occurrence activities. As a result of above mentioned benefits, microcontrollers expected to gain significant popularity among automotive, retail, communication, and other industries.

The global microcontroller (MCU) market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the microcontroller (MCU) industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies. The report provides the overall revenue of the global microcontroller (MCU) Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Microcontroller (MCU) Market Estimations:

Market Was Valued In 2019: US$ 21.49 Billion

Market Is Projected To Grow By 2027: US$ 48.11 Billion

Compound Annual Growth Rate (CAGR): 10.6 percent

Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1084

Growth Factors

Factors such as rapid innovations and developments in the automotive sector due to increasing adoption of internet of things (IoT) are responsible for the recent developments in the industry. In addition, rise in trend of automation in equipment and machinery parts spur the scope of electronic products along with technology upgradation that prominently propels the demand for the development of new solutions and products.

Various industry verticals such as smartphones, automobiles, and healthcare encourage the market growth for microcontroller by incorporating touch-sensing capabilities in the design. Several microcontroller manufacturers invest significant amount of share in the product enhancement and development.

On the contrary, major factors hampering the market growth are operational failure of MCUs in extreme climatic conditions such as extreme cold and extreme heat. In such conditions, the consumer requires a shift to mechanical devices. Nonetheless, rising demand for hybrid and electric vehicles expected to spur the future along with the untapped geographical regions that offers numerous opportunities for microcontroller market to excel worldwide.

Report Highlights

  • In 2019, North America encountered the largest market share, accounting to more than 35% of the overall market value due to rising penetration of IoT ecosystems in corporate places and homes
  • Europe is the other most prominent revenue contributor to the global microcontroller market because of significant presence of automotive and its parts manufacturers
  • The Asia Pacific exhibits the fastest growth over the analysis period owing to presence of significant consumer base for consumer electronic devices and automotive applications
  • Based on product, the 16-bit MCU segment led the overall market in terms of value in the year 2019
  • The 32-bit MCU segment anticipated to register the highest growth rate during the forecast period owing to their higher processing power compared to their counterparts as well as it consumes less amount of power
  • The automotive application emerged as a global leader owing to the introduction of Advanced Driver Assistance System (ADAS) and Adaptive Cruise Control (ACC)
  • Consumer electronics application segment projected to exhibit the fastest growth over the forecast period attributed to the miniaturization of consumer electronic devices

Regional Snapshots

North America is the front-runner in the global microcontroller market with more than 35% market value in the year 2019. Advent of Internet of Things (IoT) in the region along with its rising implementation in the smart wearables, smart electricity gadgets, medical devices, and sensors expected to be the major contributor towards the significant growth of the region. Furthermore, increasing popularity of electric & hybrid vehicles coupled with government support for adoption of these vehicles anticipated to propel the market growth of MCUs in the region.

On the other hand, the Asia Pacific region projected to gain significant revenue during the forecast period. This is majorly attributed to the proliferation of start-up business ventures that provide essential microcontroller services, in the emerging countries such as India and China along with innovative add-on products and services such as GPS navigation, insurance, and entertainment systems. Furthermore, shifting consumer preference towards smart and innovative electronic products predicted to further drive the market growth.

Key Players & Strategies

The global microcontroller (MCU) market is nearly consolidated, as the major five players in the market captured half of the total revenue in the year 2019. Brand recognition, customer loyalty and pricing strategy plays an important role in driving the market share of these leading players in the global market.

Furthermore, the industry participants are aggressively engaged in the collaboration and partnership activities for the development of advanced and innovative products. For instance, in December 2018, Silicon Storage Technology (SST), a wholly owned subsidiary of Microchip Corp., signed a partnership agreement with SK hynix system ic. With this partnership, the companies aimed for the development of cost-effective and low-power embedded flash memory solution for the customers.

Some of the key players operating in the market are Fujitsu Semiconductor Limited, Cypress Semiconductor Corporation, Infineon Technologies AG, NXP Semiconductors, Microchip Technology Inc., Renesas Electronics Corporation, TE Connectivity Ltd., STMicroelectronics, Texas Instruments Incorporated, Yamaichi Electronics Co., Ltd., Toshiba Electronic Devices & Storage Corporation, and Zilog, Inc. among others.

Global Microcontroller (MCU) Market 2020 to 2027

Market Segmentation

By Product

  • 32-bit
  • 16-bit
  • 8-bit

By Application

  • Consumer Electronics
  • Automotive
  • Industrial
  • Military & Defense
  • Medical Devices

By Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Microcontroller (MCU) Market, By Product

7.1. Microcontroller (MCU) Market, by Product Type, 2020-2027
7.1.1. 32-bit
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. 16-bit
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. 8-bit
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Microcontroller (MCU) Market, By Application

8.1. Microcontroller (MCU) Market, by Application, 2020-2027
8.1.1. Consumer Electronics
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Automotive
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Military & Defense
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Medical Devices
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Industrial
8.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Microcontroller (MCU) Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. Fujitsu Semiconductor Limited
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Cypress Semiconductor Corporation
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Infineon Technologies AG
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. NXP Semiconductors
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Microchip Technology Inc.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Renesas Electronics Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. TE Connectivity Ltd.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. STMicroelectronics
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Texas Instruments Incorporated
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Yamaichi Electronics Co., Ltd.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

Purchase This Premium Research Report @ https://www.precedenceresearch.com/checkout/1084

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Bloghttps://precedenceresearchnews.wordpress.com

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

View all posts by Precedence Research →

Leave a Reply

Your email address will not be published. Required fields are marked *