Global Microcontroller Market to Grow at 10.4% CAGR by 2027 | IMARC Group

The global microcontroller market reached a value of US$ 22.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 38.9 Billion by 2027, exhibiting a CAGR of 10.4% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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An integrated circuit called a microcontroller is added to electronic devices so they can carry out a specified function. On a single computer chip, it has several serial connections, programmable peripherals, CPUs, and memory. It is incorporated in gadgets like smartphones, microwaves, washing machines, and computers and is small and low power. The technologically advanced varieties are used in robotics, medical life support systems, aircraft, and maritime vessels to carry out particular tasks.

Global Microcontroller Industry Trends and Drivers:

The booming healthcare industry, which uses the product in heart rate monitors, spirometers, and other equipment, is what drives the global market. The expansion of the automotive sector, which uses microcontrollers to operate the accelerator, anti-lock brake interfaces, and advanced driver assistance systems (ADAS) in cars, is another factor driving market expansion.

Additional factors that are anticipated to fuel the market's growth include the development of smart grid systems, the rise of automation in the manufacturing, retail, industrial, and military sectors, and the rising demand for portable electronics that need faster processing and more advanced functionality.

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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