Microcontroller Market Opportunities & Prominent Trends 2021-2027 | Infineon Technologies AG, Renesas Electronics Corporation, STMicroelectronics N.V

According to Global Market Insights Inc., the global microcontroller market is projected to exceed USD 20 billion by the end of 2027.

Microcontrollers are energy efficient units that offer stable and accurate output readings as well as provide highly-precisive I/O peripherals. These characteristics make them suitable for controlled and monitoring applications.

Growing integration of microcontrollers in smart applications like HVAC systems, lighting & fire protection systems and surveillance & security systems has increased the consumption of microcontrollers across the world.

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Microcontrollers find widespread usage in different home appliances and consumer electronics. Devices like smart TVs, washing machines, air conditioners, speakers, among many others are integrated with microcontrollers to enhance usability, connectivity, and device controlling applications.

The growing adoption of consumer electronic devices and home appliances will propel the demand for microcontroller market.
Concerning the type of product, the market is segmented into 8-bit, 16-bit, and 32-bit. However, when compared to the 8-bit and 32-bit variants, 16-bit controllers have witnessed a decline in their demand due to their low operational efficiency and the need for high programmable cycles when compared to the 32-bit microcontrollers. This has adversely affected the demand for 16-bit MCUs across many end-use applications like healthcare, industrial and consumer electronics industry. Although, technological advancements with the integration of built-in Flash memory in the 16-bit microcontroller variants will support its use in automobile electronics.

Top Key Players Are : NXP Semiconductors N.V., Texas Instruments Incorporated, Microchip Technology, Inc., Infineon Technologies AG, Renesas Electronics Corporation, and STMicroelectronics N.V.

Regionally speaking, Europe has emerged as a profitable revenue terrain in microcontroller market and held a market share of approximately 25% during 2020 and is likely to grow at a CAGR of 6% up to 2027. The growth is attributed to the growing trends of deploying electric vehicle charging stations across the EU. As per the Department for Transport, UK Government, in June 2020, there were nearly 18,265 fully operational EV charging stations across the nations.

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Table Of Content:

Chapter 5 Microcontroller Market, By Product
5.1 Key trends, by product
5.2 8-bit
5.2.1 Market estimates and forecast, 2016 - 2027
5.3 16-bit
5.3.1 Market estimates and forecast, 2016 - 2027
5.4 32-bit
5.4.1 Market estimates and forecast, 2016 - 2027
Chapter 6 Microcontroller Market, By Application
6.1 Key trends, by application
6.2 Automotive
6.2.1 Market estimates and forecast, 2016 - 2027
6.3 Consumer electronics
6.3.1 Market estimates and forecast, 2016 - 2027
6.4 Industrial
6.4.1 Market estimates and forecast, 2016 - 2027
6.5 Healthcare
6.5.1 Market estimates and forecast, 2016 - 2027
6.6 Aerospace & defense
6.6.1 Market estimates and forecast, 2016 - 2027
6.7 Others
6.7.1 Market estimates and forecast, 2016 - 2027

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/microcontroller-market

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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