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Microcontroller Market Demand and Key Players Analysis - Texas Instruments, Microchip Technology Inc., Intel Corporation, Renesas Electronics, Maxim Integrated, Fairchild - now part of ON Semiconductor, STMicroelectronics and Analog Devices
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The rapidly developing automobile industry and surge in the smart grid projects is expected to be one of the primary factors driving the demand for microcontrollers during the forecast period. Majority of the programmable microcontrollers that are used presently are embedded in other consumer products or machinery including mobile phones, automobiles, household appliances and peripherals for computer systems.
Microcontrollers have myriad of applications, on account of its premium features. However, there are different types of microcontrollers to meet the requirements of a specific application. Since cost is an important factor while manufacturing, it is only coherent to pick the most economical device that goes with the application’s needs. Consequently, microcontrollers are usually tailored for specific applications.
The growing awareness among tech savy consumers is leading to smartphone proliferation across the globe. The sales of smartphone are driven by the demand for low cost smartphones in the developing economies and inexpensive 4G smartphones in emerging markets worldwide.
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Some of the key companies operating in the global microcontroller market include Texas Instruments Incorporated, Microchip Technology Inc., Silicon Laboratories, Intel Corporation, Renesas Electronics Corporation, Maxim Integrated, Fairchild Semiconductor, STMicroelectronics, Analog Devices Inc. and Samsung Semiconductor.
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