Press release
Microcontroller Market Dynamics, Trends, Opportunities, Drivers, Challenges and Forecast
The global microcontroller market is expected to grow at a CAGR of 6.9% during 2016 – 2022. Among the various bit sizes, the 32-bit segment held the largest share in the global microcontroller market in 2015. 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.Request Sample Copy of Report @ https://www.psmarketresearch.com/market-analysis/microcontroller-market/report-sample
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.
Globally, the automotive industry has been witnessing a period of moderately strong growth as well as profitability. The annual sales have surpassed prerecession levels in some of the economies. The ongoing technological advancements including vehicle connectivity, interactive safety systems and finally self-driving cars will change the global scenario in the near future.
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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.
GLOBAL MICROCONTROLLER MARKET SEGMENTATION
By Bit Size
4/8-bit
16-bit
32-bit
By Application
Consumer Electronics
Industrial
Automotive
Others
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