Microcontroller Market Size Growing at 8.4% CAGR: Making Revenue of $15.67 billion - Industry Forecast by 2026
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 the microcontroller market.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/284
In 2015, 8-bit microcontroller held over 35% market share the 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.
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.
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.
Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/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.
Article Source: https://www.alliedmarketresearch.com/microcontrollers-market
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
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 Microcontroller Market Size Growing at 8.4% CAGR: Making Revenue of $15.67 billion - Industry Forecast by 2026 here
News-ID: 1919460 • Views: 144
More Releases from Allied Market Research
Immunoprotein Diagnostic Testing Market Industry Size, Share, Trends, Growth, To …
The global immunoprotein diagnostic testing market was pegged at $10.13 billion in 2019, and projected to reach $18.38 billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027. Rise in incidence of chronic and infectious diseases and advancements in technologies have boosted the growth of the global immunoprotein diagnostic testing market Request Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/486 Rise in incidence of chronic and infectious diseases and advancements in technologies have
Disposable Medical Sensors Market is expected to reach at $9,700 million by 2023 …
The global disposable medical sensor market was valued at $4,823 million in 2016, and is projected to reach $9,700 million by 2023, growing at a CAGR of 10.2% from 2017 to 2023. The biosensor segment accounted for nearly three sevenths share of the total market in 2016. Request Sample Report at:https://www.alliedmarketresearch.com/request-sample/2299 Covid-19 Impact on the Global Disposable Medical Sensors Market: Global Disposable Medical Sensors Market Report provides an overview of the market based
Breast Biopsy Devices Market will be Dominate in coming years 2020-2023 With Ind …
Global breast biopsy market was valued at $977 million in 2016, and is projected to reach at $1,420 million by 2023, growing at a CAGR of 5.3% from 2017 to 2023. Core needle biopsy (CNB) segment accounted for about half of the global market share in 2016. Request Sample Report at:https://www.alliedmarketresearch.com/request-sample/1067 The major factors that boost the market growth include rise in incidence of breast cancer, growth in awareness toward cancer screening
Brain Health Supplements Market – Know Latest Trends & Forecast for Long-Term …
UPDATE AVAILABLE ON-DEMAND Brain health supplements are balanced blend of herbal extracts and nutrients that are used to improve brain functions such as concentration, focus, and memory. The global brain health supplements market was valued at $3,194 million in 2016, and is expected to reach $5,813 million by 2023, growing at a CAGR of 8.8% from 2017 to 2023. Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/4581 Rise in awareness about brain health supplements, growth in number
More Releases for Microcontrollers
Global Microcontrollers Sales Market Report
This report studies the global Microcontrollers market status and forecast, categorizes the global Microcontrollers market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). The global Microcontrollers market is valued at million US$ in 2017 and will reach million US$ by
Global Microcontrollers Market Insights, Forecast 2025
This report presents the worldwide Microcontrollers market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The Microcontrollers market was valued at Million US$ in 2017 and is projected to
Global Microcontrollers Market Trend and Forecast 2025
This study focuses on the production side and consumption side of Microcontrollers, presents the global Microcontrollers market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Microcontrollers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type. In terms of consumption side, this report focuses on
Global Automotive Microcontrollers Market - Trends & Future Opportunities
Global Automotive Microcontrollers Market 2018 offer insights of a detailed and fundamental research of Automotive Microcontrollers industry with the future prospects of the market to provide the current state and emerging trends in the market. Global Automotive Microcontrollers Market 2018 research report further highlights the methodical outlook of the industry by considering aspects such as Automotive Microcontrollers market growth, consumption volume, market trends and Automotive Microcontrollers industry cost structure during
Automotive Microcontrollers Market: Demand for Microcontrollers Gaining an Upsur …
Automotive microcontrollers are integrated chips, which enable control over the automobile functioning. Compact microcontrollers comprising least component designs are integrated into automobiles for performing activities that need functionalities such as monitoring and controlling. Demand for Microcontrollers Gaining an Upsurge with Increasing Modernization of Vehicles Growing electrification of drivetrain by Tier I suppliers and OEMs is considered to significantly propel adoption of microcontrollers in automobiles in the upcoming years. Governments across the globe
Global Automotive Microcontrollers Market: APEJ will be Most Lucrative Market fo …
Researchmoz added Most up-to-date research on "Global Automotive Microcontrollers Market: APEJ will be Most Lucrative Market for Automotive Microcontrollers by 2022-end" to its huge collection of research reports. Future Market Insights (FMI) has delivered a comprehensive, insightful, and unbiased research report titled “Automotive Microcontrollers Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022)”. The report provides a detailed analysis of the global automotive microcontrollers market, covering its dynamics comprehensively, and offering