Press release
Microcontroller Market to Reach USD 42.7 Billion by 2031 | Growth Driven by IoT, Automotive Electronics, and Smart Devices
Microcontroller Market SizeThe global market for Microcontroller was valued at US$ 30870 million in the year 2024 and is projected to reach a revised size of US$ 42700 million by 2031, growing at a CAGR of 4.8% during the forecast period.
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Global main manufacturers of microcontroller include NXP Semiconductors, Microchip Technology, Renesas Electronics, etc. The top three players hold a share about 34%. The global microcontroller products are mainly produced in Europe, United States and Japan, they occupied for a share over 55%. The largest market is Asia-Pacific, holds a share about 59%, followed by Europe and North America, with around 22% and 12% market share respectively.
The Microcontroller market size, estimations, and forecasts are provided in terms of output/shipments (M Pcs) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Microcontroller market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
By Type
• 32 Bit MCU
• 16 Bit MCU
• 8 Bit MCU
• 4 Bit MCU
By Application
• Automotive
• Industrial
• Communication & Computer
• Consumer Electronics
Key Companies
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
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