MCU Market Size - Industry Growth Report, 2028|NXP Semiconductors, Microchip Technology

 

A microcontroller (MCU for microcontroller unit) is a small computer on a single metal-oxide-semiconductor (MOS) integrated circuit chip. In modern terminology, it is similar to, but less sophisticated than, a system on a chip (SoC); a SoC may include a microcontroller as one of its components. A microcontroller contains one or more CPUs (processor cores) along with memory and programmable input/output peripherals. Program memory in the form of ferroelectric RAM, NOR flash or OTP ROM is also often included on chip, as well as a small amount of RAM. Microcontrollers are designed for embedded applications, in contrast to the microprocessors used in personal computers or other general purpose applications consisting of various discrete chips.
Microcontrollers are used in automatically controlled products and devices, such as automobile engine control systems, implantable medical devices, remote controls, office machines, appliances, power tools, toys and other embedded systems. By reducing the size and cost compared to a design that uses a separate microprocessor, memory, and input/output devices, microcontrollers make it economical to digitally control even more devices and processes. Mixed signal microcontrollers are common, integrating analog components needed to control non-digital electronic systems. In the context of the internet of things, microcontrollers are an economical and popular means of data collection, sensing and actuating the physical world as edge devices.
Highlights
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global MCU market is projected to reach US$ 26540 million by 2028 from an estimated US$ 20030 million in 2022, at a CAGR of 4.8% during 2023 and 2028.
Global MCU key players include NXP Semiconductors, Microchip Technology, Renesas Electronics, STMicroelectronics, Infineon Technologies, etc. Global top five manufacturers hold a share over 55%.
Asia-Pacific is the largest market, with a share over 50%, followed by Europe and North America, both have a share about 40%

In terms of product, 32 Bit MCU is the largest segment, with a share over 50%. And in terms of application, the largest application is Automotive, followed by Industrial, Communication and Computer, etc.

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Complete study of the global MCU market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global MCU industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on MCU production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.

 
Segmental Analysis

The report has classified the global MCU industry into segments including product type and application. Every segment is evaluated based on growth rate and share. Besides, the analysts have studied the potential regions that may prove rewarding for the MCU manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall MCU industry.

Global MCU Market Segment By Type:

4 Bit MCU
8 Bit MCU
16 Bit MCU
32 Bit MCU

Global MCU Market Segment By Application:

Automotive
Industrial
Communication and Computer
Consumer Electronics
Others

Competitive Landscape

It is important for every market participant to be familiar with the competitive scenario in the global MCU industry. In order to fulfill the requirements, the industry analysts have evaluated the strategic activities of the competitors to help the key players strengthen their foothold in the market and increase their competitiveness.

Key companies operating in the global MCU market include: NXP Semiconductors, Microchip Technology, Renesas Electronics, STMicroelectronics, Infineon Technologies, Texas Instruments, Cypress Semiconductor, Silicon Laboratories, Nuvoton, Toshiba, Holtek Semiconductor, Sino Wealth Electronic, GigaDevice, Sonix Technology, Qingdao Eastsoft, Shanghai Sinomcu, Shenzhen Chipsea, Shanghai MindMotion
 
Key questions answered in the report:

What is the growth potential of the MCU market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in the coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in the MCU industry in the years to come?
What are the key challenges that the global MCU market may face in the future?
Which are the leading companies in the global MCU market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain their hold in the global MCU market?
 
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