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Market Research Report
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1086964

Global Microcontroller Market - Forecasts from 2022 to 2027

Published: | Knowledge Sourcing Intelligence | 130 Pages | Delivery time: 1-2 business days

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Global Microcontroller Market - Forecasts from 2022 to 2027
Published: June 2, 2022
Knowledge Sourcing Intelligence
Content info: 130 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

The global microcontroller market was evaluated at US$16.187 billion in 2020 and is anticipated to reach US$28.413 billion by 2027 at a CAGR of 8.37%.

Microcontrollers are integrated circuits developed for performing various embedded operations. The microcontroller is a miniature system, that includes components like a processor, memory, RAM, output, and an input system. The processor present in the microcontroller acts as the head system or brain of the microcontroller. The processor identifies and performs certain operations and arithmetic calculations. Research and developments in the design of microcontrollers lead to less power usage of microcontrollers. Microcontrollers use less power for their functions, making them energy efficient. The penetration of electronics in the automotive sector is giving potential to the market growth of the microcontroller market. The trend of increasing applications and usage of automation in the production and manufacturing industries is also driving the growth of the microcontroller market. Microcontrollers are miniature circuit systems, which perform a vital role in embedded automation systems in various industries. The demand and wide applications of microcontrollers in certain devices like laptops, smartphones, automobiles, the military, and healthcare are leading to the increasing value of microcontrollers in the global market.

The outbreak of the COVID pandemic has severely affected the market growth of microcontrollers. The lockdowns and isolation actions led by the government against the spread of the COVID pandemic have negatively impacted the global microcontroller market. The lockdowns led to the shutdown of electronic device production plants and manufacturing industries all over the world. Stoppage in the production sector of electronic devices led to the decline of the microcontroller market. The dull global microcontroller market also suffered from the availability and production of fewer microcontrollers. The blocks and stoppage in the electronic supply chain sector affected the imports and exports of electronic devices, leading to a steep fall in the market share of the global microcontroller market.

Increased Penetration of Electronics in the Automotive Industry

The increasing penetration rate of electronics into the automotive industry is spooking the market growth of microcontrollers in the forecast period. The automotive industry is one of the industries using the support of microcontrollers for the efficient performance and working of their automation production systems. The development of an efficient electronic system and automation techniques are widely seen in emerging modern automobiles. According to the financial report of TESLA company, the leading manufacturer of electric cars in the world, accounts for the sale of about 79% of electric cars in the U.S. The U.S. Department of Transportation has recorded an increase in the percentage of electric vehicles in use by the public in the United States. The growth of electric vehicles over IC (Internal Combustion) cars and gasoline vehicles are showing tremendous development around the world. The steady growth in the usage and production of electric vehicles is leading to the application of automation systems in vehicles, which demands more growth for the market of microcontrollers in the field of automation.

Rising Automation Technology in the Production Sector

The increase in the application of automation and HMI technology in the production field is driving the growth of the microcontroller market. Automation systems and software are widely employed in the production sector. The greater the efficiency, accuracy, and reduced time consumed by automation systems in the manufacturing sector, the greater the use of embedded systems in the manufacturing sector. Microcontrollers are the major brains, or main components, of the automation system. The algorithms and software programs given in microcontrollers provide more user comfort and effectiveness. The HMI systems in production are made more user-friendly and efficient by the increased application of microcontrollers in devices and embedded systems. The wide application of AI systems and embedded technology is boosting the market growth of the global microcontroller market.

Rising Market Share in the Asia Pacific

Geographically, Asia-Pacific is the region showing tremendous growth signs in the market for microcontrollers. The wide usage and application of microcontrollers in electronic devices, automobiles, production industries, and healthcare are contributing to the market growth of Asia Pacific in the microcontroller market. The presence of the world's leading electronic manufacturers like China is also boosting the market for5 microcontrollers in the Asia Pacific region. Due to the large-scale production of laptops, smartphones, and portable electronic systems, North America is also showing significant growth in the market for microcontrollers.

Segmentation

  • By Product Type

8-bit Microcontroller

16-bit Microcontroller

32-bit Microcontroller

  • By Application

Consumer electronics Microcontroller

Automotive Microcontroller

Industrial Microcontroller

Medical Devices Microcontroller

Military and Defense Microcontroller

  • By Geography

North America

  • USA
  • Canada
  • Mexico

South America

  • Brazil
  • Argentina
  • Others

Europe

  • Germany
  • France
  • UK
  • Others

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Others

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
Product Code: KSI061612519

TABLE OF CONTENTS

1. Introduction

  • 1.1. Market Definition
  • 1.2. Market Segmentation

2. Research Methodology

  • 2.1. Research Data
  • 2.2. Assumptions

3. Executive Summary

  • 3.1. Research Highlights

4. Market Dynamics

  • 4.1. Market Drivers
  • 4.2. Market Restraints
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of End-Users
    • 4.3.2. Bargaining Power of Buyers
    • 4.3.3. Threat of New Entrants
    • 4.3.4. Threat of Substitutes
    • 4.3.5. Competitive Rivalry in the Industry
  • 4.4. Industry Value Chain Analysis

5. Global Microcontroller Market Analysis, by Product Type

  • 5.1. Introduction
  • 5.2. 8-bit Microcontroller
  • 5.3. 16-bit Microcontroller
  • 5.4. 32-bit Microcontroller

6. Global Microcontroller Market Analysis, by Application

  • 6.1. Introduction
  • 6.2. Consumer electronics Microcontroller
  • 6.3. Automotive Microcontroller
  • 6.4. Industrial Microcontroller
  • 6.5. Medical Devices Microcontroller
  • 6.6. Military and Defense Microcontroller

7. Global Microcontroller Market Analysis, by Geography

  • 7.1. Introduction
  • 7.2. North America
    • 7.2.1. USA
    • 7.2.2. Canada
    • 7.2.3. Mexico
  • 7.3. South America
    • 7.3.1. Brazil
    • 7.3.2. Argentina
    • 7.3.3. Others
  • 7.4. Europe
    • 7.4.1. Germany
    • 7.4.2. France
    • 7.4.3. UK
    • 7.4.4. Others
  • 7.5. Middle East and Africa
    • 7.5.1. Saudi Arabia
    • 7.5.2. UAE
    • 7.5.3. Others
  • 7.6. Asia Pacific
    • 7.6.1. China
    • 7.6.2. India
    • 7.6.3. Japan
    • 7.6.4. South Korea
    • 7.6.5. Taiwan
    • 7.6.6. Thailand
    • 7.6.7. Indonesia
    • 7.6.8. Others

8. Competitive Environment and Analysis

  • 8.1. Major Players and Strategy Analysis
  • 8.2. Emerging Players and Market Lucrativeness
  • 8.3. Mergers, Acquisitions, Agreements, and Collaborations
  • 8.4. Vendor Competitiveness Matrix

9. Company Profiles 

  • 9.1. Panasonic Corporation
  • 9.2. Texas Instruments Incorporated
  • 9.3. Cypress Semiconductor Corporation
  • 9.4. Microchip Technology Inc
  • 9.5. NXP Semiconductors.
  • 9.6. Renesas Electronic Corporation
  • 9.7. Yamaichi Electronics Co. Ltd.
  • 9.8. Infineon Technologies AG
  • 9.9. EM Microelectronic
  • 9.10. Zilog Inc