PUBLISHER: Grand View Research | PRODUCT CODE: 1301098
PUBLISHER: Grand View Research | PRODUCT CODE: 1301098
Microcontroller Market Size, Share & Trends Analysis Report By Product (8-bit, 16-bit, 32-bit), By Application (Consumer Electronics & Telecom, Automotive, Industrial, Medical Devices, Aerospace & Defense), By Region, & Segment Forecasts, 2023 - 2030
Microcontroller Market Growth & Trends
The global microcontroller market size is expected to reach USD 47.16 billion by 2030, registering a CAGR of 11.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. With the rise in healthcare expenditure worldwide, driven by an increasing prevalence of disorders such as immunodeficiency are growing in population, a growing percentage of the elderly, and the occurrence of diseases like diabetes and high blood pressure, there is a corresponding surge in the demand for electronic medical devices to measure sugar levels and blood pressure.
Manufacturers of medical devices are responding by introducing reliable and cost-effective equipment to the market. Microcontrollers play a critical role in various medical care devices, ensuring greater affordability and reliability. Devices such as blood pressure monitors and blood glucose meters incorporate a significant number of microcontrollers (MCUs). Consequently, the medical industry has a substantial demand for MCUs.
Prominent companies across various sectors such as telecommunications, consumer electronics, and automotive are placing significant emphasis on the integration of Artificial Intelligence (AI) into their products. One notable example is Qualcomm Technologies, Inc., which has made substantial investments in the research and development of on-device AI. This increased focus on AI has enabled the integration of machine learning capabilities in automobiles, smartphones, robots, and drones, thanks to advancements in computing power and enhanced AI algorithms.
On-device AI offers enhanced security and privacy protection as all data processing takes place offline and directly on the device. The AI industry is witnessing a notable shift towards embedded artificial intelligence. These cutting-edge advancements in AI and machine learning are opening up new avenues for the application of microcontrollers in various fields, including medical, smart cities, smart factories, IoT, and more. As a result, this development is expected to create growth opportunities for the market players.
Manufacturers of microcontrollers (MCUs) are actively developing innovative products and consistently delivering groundbreaking solutions. This trend creates opportunities for market growth. The interconnectedness of devices such as security systems, televisions, gaming consoles, home appliances, smart meters, tablets, and smartphones has driven significant advancements in microcontroller technology and is expected to drive the demand for IoT microcontrollers.
Many of these connected devices operate on batteries for extended periods without requiring replacement or maintenance, necessitating energy-efficient IoT end-node applications. The reduced costs of essential components like processors and sensors, combined with the increased utilization of wireless connectivity, have facilitated the development of intelligent products capable of seamless communication without human intervention.
Microcontroller Market Report Highlights
- In November 2022, REE Automotive Ltd and Infineon Technologies AG established a partnership to collaborate on the development of the REE modular Electric Vehicle (EV) platform. This platform is specifically designed to be adaptable and highly versatile, serving as a fundamental base for various types of electric vehicles, such as commercial vans, robotaxis, and electric passenger shuttles
- The 32-Bit segment held the highest market share in 2022 and is expected to expand at a CAGR of 11.8% from 2023 to 2030
- The automotive segment is projected to grow at the highest CAGR over the forecast period
- India, China, and Japan are the main source markets for microcontrollers
- Some of the key players include NXP Semiconductors; Microchip Technology Inc.; Renesas Electronics Corporation; STMicroelectronics; and Infineon Technologies AG
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Summary
- 2.2 Market Snapshot
- 2.3 Segment Snapshot
- 2.4 Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends & Industry Outlook
- 3.1 Market Lineage Outlook
- 3.1.1 Parent market outlook
- 3.1.2 Related/ Ancillary market outlook
- 3.2 Microcontroller Market - Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market Trends
- 3.3.2 Market Driver Analysis
- 3.3.2.1 Increasing Adoption of Smart Meters in Smart Grid Systems
- 3.3.2.2 Growing Demand from Medical and Automotive Sectors
- 3.3.2.3 Emergence of Internet of Things (IoT)
- 3.3.3 Market restraint Analysis
- 3.3.3.1 Unfavorable Macroeconomic Conditions
- 3.3.3.2 Challenges Associated with Operational Failure in Extreme Climatic Condition
- 3.3.4 Market Opportunity Analysis
- 3.3.4.1 Rising Focus on Artificial Intelligence
- 3.4 Microcontroller Market - Porter's Analysis
- 3.5 Microcontroller Market - PESTLE Analysis
- 3.6 COVID-19 Impact Analysis
Chapter 4 Microcontroller Market - Product Estimates and Trend Analysis
- 4.1 Microcontroller Market: Product Movement and Market Share Analysis
- 4.1.1 Microcontroller Market Estimates & Forecast, By Product (USD Billion)
- 4.1.2 8-Bit Microcontroller
- 4.1.3 16-Bit Microcontroller
- 4.1.4 32-Bit Microcontroller
Chapter 5 Microcontroller Market - Application Estimates and Trend Analysis
- 5.1 Microcontroller Market: Application Movement and Market Share Analysis
- 5.1.1 Microcontroller Market Estimates & Forecast, By Application (USD Billion)
- 5.1.2 Automotive
- 5.1.3 Consumer Electronics & Telecom
- 5.1.4 Industrial
- 5.1.5 Medical Devices
- 5.1.6 Aerospace & Defense
- 5.1.7 Others
Chapter 6 Microcontroller Market - Regional Estimates and Trend Analysis
- 6.1 Microcontroller Market: Regional Movement Analysis
- 6.2 North America
- 6.2.1 U.S.
- 6.2.2 Canada
- 6.2.3 Mexico
- 6.3 Europe
- 6.3.1 UK
- 6.3.2 Germany
- 6.4 Asia Pacific
- 6.4.1 China
- 6.4.2 Japan
- 6.4.3 India
- 6.5 South America
- 6.5.1 Brazil
- 6.6 Middle East & Africa
Chapter 7 Microcontroller Market - Competitive Landscape
- 7.1 Company Categorization
- 7.1.1 Infineon Technologies AG
- 7.1.2 Fujitsu Semiconductor Limited
- 7.1.3 Microchip Technology Inc.
- 7.1.4 NXP Semiconductors
- 7.1.5 Renesas Electronics Corporation
- 7.1.6 STMicroelectronics
- 7.1.7 TE Connectivity Ltd.
- 7.1.8 Texas Instruments Incorporated
- 7.1.9 Toshiba Electronic Devices & Storage Corporation
- 7.1.10 Yamaichi Electronics Co., Ltd.
- 7.1.11 Zilog, Inc.
- 7.1.12 Broadcom
- 7.2 Participant's Overview
- 7.3 Financial Performance
- 7.4 Product Benchmarking
- 7.5 Company Market Share Analysis, 2022
- 7.6 Company Heat Map Analysis
- 7.7 Strategy Mapping
- 7.7.1 Expansions
- 7.7.2 Mergers & Acquisition
- 7.7.3 Partnership & Collaborations
- 7.7.4 New product/ Service launches
List of Tables
- Table 1 Global Microcontroller market, by Product, 2017 - 2030 (USD Billion)
- Table 2 Global Microcontroller market, by Application, 2017 - 2030 (USD Billion)
- Table 3 Participant's Overview
- Table 4 Financial Performance
- Table 5 Product Benchmarking
- Table 6 Company Heat Map Analysis
- Table 7 Key Companies undergoing expansions
- Table 8 Key Companies involved in Mergers and Acquisitions
- Table 9 Key Companies undergoing partnerships & collaborations
- Table 10 Key Companies launching new products/services
List of Figures
- Fig. 1 Microcontroller Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot, by Product and Application, 2022 & 2030 (USD Billion)
- Fig. 8 Competitive landscape snapshot
- Fig. 9 IoT Microcontroller Market, 2022 & 2030 (USD Billion)
- Fig. 10 Microcontroller Market - Value Chain Analysis
- Fig. 11 Microcontroller Market - Market Trends
- Fig. 12 Microcontroller Market - Porter's Analysis
- Fig. 13 Microcontroller Market - PESTLE Analysis
- Fig. 14 Microcontroller Market, by Product: Key Takeaways
- Fig. 15 Microcontroller Market, by Product: Market Share, 2022 & 2030
- Fig. 16 8-Bit Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 17 16-bit Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 18 32-bit Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 19 Microcontroller Market, by Application: Key Takeaways
- Fig. 20 Microcontroller Market, by Application: Market Share, 2022 & 2030
- Fig. 21 Automotive Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 22 Consumer Electronics & Telecom Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 23 Industrial Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 24 Medical Devices Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 25 Aerospace & Defense Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 26 Others Microcontroller market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 27 Microcontroller Market revenue- by region, 2022 & 2030 (USD Billion)
- Fig. 28 North America Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 29 U.S. Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 30 Canada Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 31 Mexico Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 32 Europe Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 33 UK Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 34 Germany Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 35 Asia Pacific Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 36 China Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 37 Japan Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 38 India Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 39 South America Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 40 Brazil Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 41 Middle East & Africa Microcontroller Market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 42 Key Company Categorization
- Fig. 43 Company Market Share Analysis, 2022
- Fig. 44 Strategic framework
