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Microcontroller Market Is Growing Phenomenally Due To Emergence of IoT Till 2025:Grand View Research, Inc.

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Microcontroller Market Is Growing Phenomenally Due To Emergence of IoT Till 2025:Grand View Research, Inc.

July 23
12:38 2019
Microcontroller Market Is Growing Phenomenally Due To Emergence of IoT Till 2025:Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global microcontroller market size was valued at USD 18.60 billion in 2018 and is expected reach USD 35.29 billion, growing at a CAGR of 9.2% over the forecast period.

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.

North America microcontroller market size, by product, 2015 - 2025 (USD Billion)

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.

Browse In-depth Insights: https://www.grandviewresearch.com/industry-analysis/microcontroller-market

Key Takeaways from the report:

 

  • 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 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

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/395/ibb

Key Topics Covered 

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumption
                    1.3. List of Data Sources 
Chapter 2. Executive Summary

Chapter 3. Market Snapshot

                    3.1. Microcontroller – Market Snapshot & Key Buying Criteria, 2015 – 2025
Chapter 4. Industry Outlook
                    4.1. Market Segmentation & Scope
                    4.2. Microcontroller Market Size and Growth Prospects
                    4.3. Microcontroller – Value Chain Analysis
                    4.4. Microcontroller-Market Dynamics
                    4.5. Market Driver Analysis
                         4.5.1. Increasing penetration of smart grid systems
                         4.5.2. Growing demand for medical devices and automotive sector
                         4.5.3. Emergence of IoT
                    4.6. Market Restraint Analysis
                         4.6.1. Macroeconomic conditions
                    4.7. Key Opportunities Prioritized
                    4.8. Industry Analysis – Porter’s
                    4.9. Microcontroller: Key Customers of Selected Companies
                         4.9.1. NXP Semiconductor
                         4.9.2. Texas Instruments
                         4.9.3. Renesas Technology Corporation
                         4.9.4. STMicroelectronics
                         4.9.5. Infineon Technologies
                    4.10. Microcontroller – Key Company Analysis, 2018
                    4.11. Microcontroller – PEST Analysis

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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