The microcontroller market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

The global microcontroller market has gained considerable traction over the years due to the widespread use of these components in smart building automation systems. Automation systems like HVAC control, fire protection, and lighting systems, and security and surveillance technologies, are all integrated with microcontroller units.

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The 16-bit product segment accounted for a revenue share of around 20% in 2020 and it is projected that the market demand for these units will reduce over the forecasted timeframe. This is mainly owing to the performance capabilities and production costs in comparison to 32-bit and 8-bit microcontrollers. The 16-bit units need more programming cycles than 32-bit units due to which they have low operational efficiency. This is the reason end-use applications like healthcare, consumer electronics have reduced the usage of 16-bit MCUs, thus declining its demand.

On the other hand, 32-bit microcontroller market is slated to witness a positive growth graph. The increased implementation of robots for industrial applications has boosted the consumption of 32-bit microcontrollers. To support this statement with statistics, a 2020 report of World Robotics states that over 2.7 million industrial robots are functioning in factories across the world with a YoY growth of around 12% in comparison to 2018.

The application segment of consumer electronics is predicted to showcase a growth rate of around 5% through the forecast period. This growth is attributed to the rising integration of microcontrollers in remote control applications, especially for home appliances and consumer electronics. Devices such as washing machines, smart TVs, ACs use microcontroller units for performing various operations. With disposable incomes surging in developed and developing economies, the population in these regions can afford the latest consumer electronics, thus increasing their demand.

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Regionally speaking, Europe has emerged as a profitable revenue terrain in microcontroller market and held a market share of approximately 25% during 2020 and is likely to grow at a CAGR of 6% up to 2027. The growth is attributed to the growing trends of deploying electric vehicle charging stations across the EU. As per the Department for Transport, UK Government, in June 2020, there were nearly 18,265 fully operational EV charging stations across the nations.

Some of the other leading microcontroller manufacturers include Renesas Electronics Corporation, Infineon Technologies, NXP Semiconductors N.V., Microchip Technology, Inc., and Infineon Technologies, to name a few. To sum up, the growing adoption of IoT devices as well as the demand for different types of consumer electronics will drive the microcontroller market size.

Major Key Points from Table of Content:

Chapter 5   Microcontroller Market, By Product

5.1    Key trends, by product

5.2    8-bit

5.2.1    Market estimates and forecast, 2016 - 2027

5.3    16-bit

5.3.1    Market estimates and forecast, 2016 - 2027

5.4    32-bit

5.4.1    Market estimates and forecast, 2016 - 2027

Chapter 6   Microcontroller Market, By Application

6.1    Key trends, by application

6.2    Automotive

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Consumer electronics

6.3.1    Market estimates and forecast, 2016 - 2027

6.4    Industrial

6.4.1    Market estimates and forecast, 2016 - 2027

6.5    Healthcare

6.5.1    Market estimates and forecast, 2016 - 2027

6.6    Aerospace & defense

6.6.1    Market estimates and forecast, 2016 - 2027

6.7    Others

6.7.1    Market estimates and forecast, 2016 - 2027

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