Microcontroller Market Share, Outlook, Future Growth and Opportunities by 2027
The latest research study “Microcontroller Market Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
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.
Key Market Segmentation:
Breakup by Product Type:
- 8-Bit
- 16-Bit
- 32-Bit
- 64-Bit
- Others
Breakup by Architecture:
- 8051 Architecture
- AVR Architecture
- PIC Architecture
- ARM Architecture
- Others
Breakup by Memory:
- Embedded Memory Microcontroller
- External Memory Microcontroller
Breakup by Application:
- Automotive
- Powertrain and Chassis
- Body Electronics
- Safety and Security Systems
- Infotainment and Telematics
- Consumer Devices
- Industrial
- Others
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
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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