According to the latest report by IMARC Group titled, “Microcontroller Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026”, the global microcontroller market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 9% during (2021-2026).
A microcontroller is an integrated circuit, which is installed in electronic devices to perform a specific task. It consists of programmable peripherals, processors and memory, along with multiple serial ports on a single computer chip. It is compact, has low power requirements and is embedded in devices, such as smartphones, microwave ovens, washing machines and laptops. The technologically advanced variants are utilized in marine vessels, aircraft, medical life support systems and robots to perform specialized functions.
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Note: 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.
The global market is driven by the thriving healthcare sector, which utilizes the product in heart rate monitors, spirometers and other devices. Furthermore, growth in the automotive industry which employs microcontrollers for operating accelerators, anti-lock brake interfaces and advanced driver assistance systems (ADAS) in automobiles, is also contributing to the market growth. Other factors, including the expansion of smart grid systems and the increasing trend of automation across manufacturing, retail, industrial and military sectors, along with the rising demand for portable electronics that require greater processing speeds and higher functionalities, are projected to drive the market further.
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Key Market Segmentation:
Market Breakup by Product Type:
8-Bit
16-Bit
32-Bit
64-Bit
Others
Market Breakup by Architecture:
8051 Architecture
AVR Architecture
PIC Architecture
ARM Architecture
Others
Market Breakup by Memory:
Embedded Memory Microcontroller
External Memory Microcontroller
Market Breakup by Application:
Automotive
Powertrain and Chassis
Body Electronics
Safety and Security Systems
Infotainment and Telematics
Consumer Devices
Industrial
Others
Market Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
Competitive Landscape
The report has also examined the competitive landscape of global microcontroller market.
Key highlights of the report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
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