Press release
Microcontrollers Market To Rear Excessive Growth During 2021-2031
The global microcontrollers market was valued over US$ 17.83 Bn in 2020
It is estimated to expand at a CAGR of 11% from 2021 to 2031
The global microcontrollers market is expected to reach the value of US$ 54.37 Bn by the end of 2031
Get report details:
https://www.transparencymarketresearch.com/microcontrollers-market.html
Burgeoning Use in Smart Home Applications Propelling Global Market
The demand for microcontrollers is expected to increase substantially, owing to rise in the adoption of microcontrollers in home automation. Technological developments have led to a decline in the size and cost of microcontrollers due to the miniaturization of electronic home instruments, which, in turn, is expected to offer new opportunities to manufactures in the microcontrollers market.
The use of microcontrollers in smart devices, such as wearables, smoke detectors, thermostats, and glass breakage detection systems is increasing, owing to their ultra-low power consumption and integrated high-performance analog features. The residential sector is a major market for smart thermostat usage in smart homes, which is contributing to the growth of the global microcontrollers market.
Grab an Exclusive PDF Brochure of this Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=255
IT Industry Helps Create Stable Revenue Streams amid Ongoing Coronavirus Pandemic
The coronavirus pandemic has altered the global society and the way the semiconductor industry functions. Due to a colossal shortage of chips, business activities have slowed down in the microcontrollers market. Nevertheless, manufacturers are focusing on industries with high growth prospects such as consumer electronics, healthcare, and IT industries to establish stable revenue streams amid the ongoing pandemic. China is presently witnessing a decline in new COVID-19 infections and showing signs of supply chain recovery. However, the U.S. and other regions of the world are bracing themselves, as the production and movement of goods are slow. Companies are adopting contingency planning to prevent disruption across customer demand, supply of materials, and availability of logistics services.
Get More Press Releases by TMR: https://www.prnewswire.com/news-releases/dissolved-gas-analyzer-market-to-advance-at-cagr-of-3-6-during-20212031-tmr-study-301483345.html
Strategic Collaborations Help Increase Availability of Next-gen Microcontrollers
Key providers in the microcontrollers market are focused on the design of cost-effective microcontrollers to attract more customers. Other key developments in the microcontrollers market are the launch of new products, which targets power-conscious end nodes and can enable a wide range of general-purpose industrial & Internet of Things (IoT) applications.
Inorganic strategies, such as mergers & acquisitions, are growing prominent in the microcontrollers market. Such acquisitions offer a wide range of embedded solutions, by combining IDT's (integrated device technology's) RF (radiofrequency) and smart sensors with its microcontrollers, system-on-chips, memory interface, real-time interconnect, wireless power, and power management ICs (Integrated Circuits).
Proliferation of IoT Fueling Growth of Microcontrollers Market
The rate of adoption of Internet of Things (IoT) is considerably high in various end-use industries such as automotive, consumer electronics, aerospace & defense, IT & telecommunication, and healthcare. Currently, rise in the demand for IoT microprocessors due to the expanding web of connected devices, which include smartphones, televisions, tablets, home appliances, gaming consoles, smart meters, and security systems, is projected to boost the growth in the global microcontroller market during the forecast period.
The significant expansion of the web of devices is propelling the demand for IoT microcontrollers, which, in turn, is anticipated to fuel the global microcontrollers market. Additionally, initiatives taken by various governments to boost Industry 4.0 are anticipated to drive the microcontrollers market.
Buy now our premium research report @
https://www.transparencymarketresearch.com/checkout.php?rep_id=255<ype=S
Design Complexities in High-speed and Power-critical Applications May Hamper Market Growth
The market for microcontrollers is positioned for an astonishing growth during the forecast period. However, design complexities in high-speed and power-critical applications may hamper the market. Hence, manufacturers are investing in R&D to develop leading-edge microcontrollers, since these components are being publicized for their low cost and compact size.
Microcontrollers are one of the most in-demand electronic components, with a wide range of applications in only about every industry vertical. Modern electronic devices are increasingly becoming dependent on these systems for the computing power needed for operations. Thus, the high rate of adoption of Internet of Things (IoT) is expected to fuel the demand for microcontrollers over the next few years.
Microcontrollers Market: Overview
According to Transparency Market Research's latest research report on the microcontrollers market for the historical period 2017-2019 and the forecast period 2021-2031, rise in demand from the consumer electronics industry; increase in industrial automation; and surge in demand for 5G network equipment, servers, and electric and autonomous vehicles (EV) are expected to boost the microcontrollers market during the forecast period
About Us:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
Contact
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
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 Microcontrollers Market To Rear Excessive Growth During 2021-2031 here
News-ID: 2561195 • Views: …
More Releases from Transparency Market Research
RF Chip Inductor Market Size to Reach over USD 1.8 billion by 2031 - Transparenc …
RF Chip Inductor Market are essential components in various electronic devices, providing inductance and functioning as filters, oscillators, and transformers. They play a crucial role in ensuring the efficiency and performance of RF circuits. With the rapid advancement in telecommunications, consumer electronics, and automotive industries, the demand for RF chip inductors has seen a significant rise. These components are integral in applications such as smartphones, IoT devices, and automotive electronics,…
Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
The latest research study released by Transparency Market Research on "Solid Tires Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses.
Solid Tires market is estimated to attain a valuation of US$ 760.0 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.1% during…
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031 …
The latest research study released by Transparency Market Research on "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐲𝐛𝐞𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Automotive Cyber security industry, as…
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from …
The latest research study released by Transparency Market Research on "𝐑𝐞𝐚𝐝𝐲-𝐦𝐢𝐱 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Ready-mix Concrete industry, as well as…
More Releases for Microcontrollers
Key Trends Reshaping the Automotive Microcontrollers Market: Innovation Drives G …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Automotive Microcontrollers Market Through 2025?
The market for automotive microcontrollers has seen significant expansion in the past few years. The predicted growth will see the market expand from $15.77 billion in 2024 to $17.25 billion in 2025, with a compound annual growth…
8Bit Microcontrollers Market Size 2024 to 2031.
Market Overview and Report Coverage
8Bit Microcontrollers are small computer chips that are essential components in various electronic devices, such as household appliances, automotive systems, and industrial equipment. These microcontrollers are widely used due to their cost-effectiveness, simplicity, and efficiency in performing basic tasks.
The future outlook for the 8Bit Microcontrollers Market looks promising, with a projected growth rate of 6.20% during the forecasted period. The increasing demand for smart…
32-bit Microcontrollers Dominated the Microcontroller Market
The size of the microcontroller market was about $19 billion in 2021, and will reach about $44 billion by 2030, at a growth rate of 10% in the future. The growth industry can be attributed to the increasing demand for microcontrollers in the automotive sectors, the increasing acceptance of medical and healthcare devices, and the increasing use of IoT devices.
32-bit microcontrollers had over 40% share in the past, and will…
Secure Microcontrollers Market 2022 | Detailed Report
The top-notch information research report published by markets and markets is a vital asset that offers qualitative and quantitative factors of the Secure Microcontrollers market. The research study and methodologies mentioned in the report examine the critical vendors by considering their contribution to the global market. Furthermore, the report offers an in-depth insight into leading players' performance based on revenue generation and client requirements. Also, the research report reveals market…
Global Microcontrollers Sales Market Report
This report studies the global Microcontrollers market status and forecast, categorizes the global Microcontrollers market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). The global Microcontrollers market is valued at million US$ in 2017 and will reach million US$ by…
Global Microcontrollers Market 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…
