openPR Logo
Press release

Current Trends and Future Growth of Microcontroller Market

10-08-2018 11:04 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Micrometer Market

Micrometer Market

Microcontroller Market Report, published by Allied Market Research, forecasts that the global market is expected to reach $15.7 billion by 2022 from $8.6 billion in 2015, growing at a CAGR of 8.4% during the forecast period. In 2015, Asia-Pacific dominated with over 39% share of the overall market, and is anticipated to continue this trend during the forecast period.

Access full summary at: https://www.alliedmarketresearch.com/microcontrollers-market

Microcontroller is an electronic device that is used to control other hardware components of any device. It comprises integrated circuits (ICs), memory chips, and input & output devices. It is widely used in communication, retail, automotive, defense, aerospace, and other industries.

The increase in demand of multifunctional devices, growth in number of luxury cars with advanced electronic systems, and advancement in technological devices with touch screens and virtual reality have propelled the growth of microcontroller market.

In 2015, 8-bit microcontroller held over 35% market sharethe largest in terms of revenue. It is frequently used in electronic devices such as remote controls, switches, toys, and in sensors for data such as temperature. However, 32-bit microcontroller is anticipated to grow at a faster CAGR of 8.6% during the forecast period.

Do Purchase Report Click Here: https://www.alliedmarketresearch.com/purchase-enquiry/284

By application, the automotive segment held over 31% revenue share and dominated the microcontroller market in 2015. This was attributed to the surge in demand for automotive devices and the rise in the living standards and disposable income of individuals.

By geography, Asia-Pacific dominated the global microcontroller market with over 39% share in overall revenue; followed by Europe, North America, and LAMEA. Furthermore, it is anticipated to grow at the highest CAGR of 8.6% during the forecast period.

According to Komal Sharma, Research Analyst, Semiconductor & Electronics at AMR, Global microcontroller market growth is primarily supplemented by the increase in number of applications that incorporate microcontrollers. Moreover, rise of artificial intelligence, increase in automation, and other technological developments indicate that this market awaits immense growth opportunities.

Key Findings of Microcontroller Market Study:
•8-bit microcontroller segment dominated the market in 2015, with over 35% of market share. However, 32-bit microcontroller is expected to grow at a higher CAGR of 8.6%, while 16-bit microcontroller is estimated to grow at CAGR of about 8.5% during the forecast period.
•Industrial application segment accounted for about 31% of the market in 2015.
•Europe is anticipated to be among one of the fast growing regions owing to the presence of rapidly growing automotive industry.
•Asia-Pacific dominated the market in 2015, due surge in demand for microcontrollers in China, South Korea, and Japan.

Access Sample Report: https://www.alliedmarketresearch.com/request-sample/284

The major players profiled in the report include Renesas Electronic Corporation, Microchip Technology Inc., NXP Semiconductor N.V., Texas Instrument Incorporated, STMicroelectronics, Infineon Technologies AG, Fujitsu Semiconductor Limited, Cypress Semiconductor Corporation, ARM Ltd., and Panasonic Corporation.

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

5933 NE Win Sivers Drive #205, Portland, OR 97220 United States

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Current Trends and Future Growth of Microcontroller Market here

News-ID: 1286432 • Views:

More Releases from Allied Market Research

Spiral Freezer Market Is Growing At A CAGR of 4.9% from 2023 to 2032 | Latest Research Report
Spiral Freezer Market Is Growing At A CAGR of 4.9% from 2023 to 2032 | Latest Re …
Spiral freezing, a technique employed in the food and beverage industries, utilizes compact freezers capable of preserving large quantities of food without compromising quality. This method ensures that products like ice cream, frozen pizza, meats, and bakery items retain their moisture, flavor, and texture throughout the freezing process. Spiral freezers employ either cryogenic or mechanical refrigeration techniques and are widely utilized in food manufacturing and preservation due to their swift
Americas Tile Grout Market To Witness Exponential Growth By 2023-2032 | With a CAGR of 4.9%
Americas Tile Grout Market To Witness Exponential Growth By 2023-2032 | With a C …
Grout plays a crucial role in providing support and stability to tiled surfaces by firmly securing the tiles in place and preventing any potential shifting or displacement. This ensures the long-term integrity of the tile installation. It is applied to fill the gaps, referred to as grout joints, between individual tiles, which are essential for accommodating slight size variations in the tiles and allowing for thermal expansion and contraction. Additionally,
Mining Drills and Breakers Market Increasing Demand and Growth Opportunities 2030 | At a CAGR of 4.1%
Mining Drills and Breakers Market Increasing Demand and Growth Opportunities 203 …
Mining drills represent the predominant equipment utilized for excavating the Earth's surface in mining operations. Breakers are employed to fracture rocks during the mining process. These tools facilitate the extraction of various organic materials and minerals such as coal, crude oil, gold, and a plethora of metals from the soil. There are two primary categories of drilling equipment: rotary and crawler, while hydraulic and rock breakers are the prevailing types
Methodology Insights: Understanding Unmanned Anti-Tank Guided Missile System Market Research Approach
Methodology Insights: Understanding Unmanned Anti-Tank Guided Missile System Mar …
The global unmanned anti-tank guided missile system(ATGMS) market is experiencing a significant growth due to surge in defense expenditure globally. Unmanned anti-tank guided missile system is designed with main objective to destroy armored vehicle such as main battle tanks or infantry fighting vehicles with the need of an operator on the ground. Since the introduction of unmanned ATGMS, operator has the capability to destroy light and medium tanks remotely without

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and