The global microcontroller market size will grow by USD 6.74 billion
during 2019-2023. This industry research report provides a detailed
analysis of the market based on product (32-bit microcontrollers, 8-bit
microcontrollers and 16-bit microcontrollers), application (automotive,
consumer devices, industrial and others) and geography (the Americas,
APAC and EMEA). The report analyzes the market’s competitive landscape
and offers information on several microcontroller manufacturers
including Infineon Technologies, Microchip Technology, NXP
Semiconductors, Renesas Electronics and STMicroelectronics.
Below are some of the key findings from this microcontroller market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global microcontroller industry overview
The increasing use of microcontrollers in automobiles is driving the market
.
Microcontrollers are highly used in automobiles as it reduces the fuel
consumption and enable efficient functioning by managing the ECU
diagnostics and powertrain functions. Microcontrollers and MPUs enhance
customer experience in automobiles by efficiently controlling the
function of advanced features of cars such as heads-up display,
studio-quality sound systems, movie systems, seamless connectivity
solutions and advanced driver assistance systems (ADAS). Moreover,
microcontrollers are also increasingly used for controlling various ECU
functions in automobiles such as controlling power windows, safety
systems, seats, taillights, headlights, steering, and braking systems.
As a result, the increasing use of microcontrollers in automobiles is
driving the market growth at a CAGR of close to 7% during the forecast
period.
Top microcontroller companies covered in this report
The global microcontroller market is
highly concentrated. The market is in the growth phase and the
competition is expected to become less intense by the end of the
forecast period. To help clients improve their revenue shares in the
market, this research report provides an analysis of the market’s
competitive landscape and offers information on the products offered by
various leading companies. Additionally, this microcontroller market
analysis report suggests strategies companies can follow and recommends
key areas they should focus on, to make the most of upcoming growth
opportunities.
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