The Global Microcontroller Units Market size is projected to grow from a value of $27.5 billion in 2018 to $42.6 billion by 2028, representing an annual growth rate of 5.8%. The growth in this market can be attributed to the increased use of microcontrollers in automobiles, industrial equipment, medical devices, and consumer electronics products. North America will account for the largest share of the overall market during the forecast period due to strong demand from automotive and industrial applications in this region.
Microcontroller Units (MCUs) are computer systems on a single integrated circuit. They typically use very small amounts of power and often have built-in memory so can be used without needing any additional circuitry to store program instructions or data.
Microcontroller Units (MCU) is the brain of a computing device. It can be used to control and monitor devices ranging from simple gadgets like remote controls, clocks, alarm systems, or thermostats up to more complex products such as cars or home appliances. The MCU market has been increasing with time due to its development in various areas across different sectors.
On the basis of Type, the market is segmented into 16-bit Microcontroller Units (MCUs), 32-bit Microcontroller, and others.
16-bit MCUs are computers that can be programmed and configured to perform various tasks. They offer a powerful processing capability for applications with high data throughput such as digital signal processors, video codecs, graphics rendering units, embedded control panels, or programmable logic controllers.
It is the most powerful of all and offers a wide range of computational power in ultra-low power. It has been designed to enable manufacturers to produce complex systems with increasingly better performance while using less energy than ever before. The 32-bit MCU provides greater efficiency by enabling designers to go beyond the constraints imposed on them with 16- or even lesser-bit architectures. At this point, it’s possible for customers across many industries (namely automotive) that need high levels of computation without sacrificing battery life to use these devices as a way forward.
On the basis of Application, the market is segmented t is categorized into Automotive, Consumer Electronics, Industrial, Medical Devices, and Military & Defense.
The automotive industry represents 35% of the total MCU market by 2028 end. This sector gives rise to a demand for more powerful microcontrollers that offer improved performance while reducing power consumption levels. In this light, 32-bit microcontroller units are worth considering as they can provide greater efficiency with higher computing power than 16- or even lesser-bit architectures without sacrificing battery life in any way. The architecture also enables customers across many industries (namely automotive) who need high levels of computation without compromising on battery life to use these devices as a point forward product option.
The consumer electronics sector accounts for 24% of the total MCU market by 2028. This industry is put at risk due to strict requirements on safety and reliability standards, in addition to a high requirement for precision as well. The demand from this industry leans towards MCUs with higher levels of processing capabilities or when low power consumption becomes necessary. Hence, an increasing number of devices are powered by 32-bit microcontrollers that provide better performance while consuming less energy than their counterparts – 16-bit or even lesser bit architectures.
The industry represents 14% of the total MCU market share during 2018. In order to maintain a competitive advantage over other manufacturers, many industrial customers opt for more expensive yet powerful solutions. The MCUs used in this industry segment are typically based on the 32-bit architecture, which provides better performance while consuming less energy than their counterparts – 16-bit or even lesser bit architectures.
The medical devices industry is comprised of a number of end-user sectors, such as healthcare providers and hospitals. The MCU market share for this sector in 2018 was 17%. Medical device manufacturers are constantly looking to optimize their products by reducing costs and improving performance, which explains the trend towards 32-bit architectures among these entities.
Despite being a small segment that comprises only about 0.02% during 2018, the military & defense industry has seen significant growth over recent years due to increased spending on hardware development worldwide. This area typically opts for higher-cost solutions with more powerful features, hence leading many customers toward expensive yet powerful microcontrollers – usually based on the 32-bit architecture.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2017, North America contributed a major share in terms of revenue largely owing to technological advancements and innovations such as cloud computing, Internet of Things (IoT), big data analytics, and machine learning. North America was followed by Europe which accounted for around 12% The European market is anticipated to witness stagnant growth rates over the forecast timeframe primarily because of stringent government regulations on outsourcing operations from developed countries like the U.S., India, etc. towards developing nations including Russia, China, and Brazil.
Up Market Research published a new report titled “Microcontroller Units MCUs Market research report which is segmented by Types (8 Bit Microcontroller, 16 Bit Microcontroller, 32 Bit Microcontroller, Other), By Applications (Automotive, Consumer Electronics, Industrial, Medical Devices, Military & Defens), By Players/Companies Cypress Semiconductor, Fujitsu Semiconductor, Atmel, Renesas Electronics, NXP Semiconductor, Microchip Technology, STMicroelectronics, Infineon Technologies, Texas Instruments, TE Connectivity, Yamaichi Electronics, Zilog (IXYS), Freescale Semiconductor, Samsung Electronics”.
|Report Attributes||Report Details|
|Report Title||Microcontroller Units MCUs Market Research Report|
|By Type||8 Bit Microcontroller, 16 Bit Microcontroller, 32 Bit Microcontroller, Other|
|By Application||Automotive, Consumer Electronics, Industrial, Medical Devices, Military & Defens|
|By Companies||Cypress Semiconductor, Fujitsu Semiconductor, Atmel, Renesas Electronics, NXP Semiconductor, Microchip Technology, STMicroelectronics, Infineon Technologies, Texas Instruments, TE Connectivity, Yamaichi Electronics, Zilog (IXYS), Freescale Semiconductor, Samsung Electronics|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||250|
|Number of Tables & Figures||175|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 8 Bit Microcontroller, 16 Bit Microcontroller, 32 Bit Microcontroller, Other and By Application Automotive, Consumer Electronics, Industrial, Medical Devices, Military & Defens.
Some of the companies that are profiled in this report are:
Microcontroller Units MCUs Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Microcontroller Units MCUs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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