Dublin, Aug. 15, 2022 (GLOBE NEWSWIRE) — The report “Global Microcontroller Market – Forecast 2022 to 2027” has been added to from ResearchAndMarkets.com offer.
Microcontrollers are integrated circuits developed to perform various embedded operations. Microcontroller is a miniature system which includes components such as processor, memory, RAM, output and input system. The processor present in the microcontroller acts as the main system or the brain of the microcontroller. The processor identifies and performs certain arithmetic operations and calculations.
Research and developments in the design of microcontrollers help reduce power consumption. Microcontrollers use less power for their functions, which makes them energy efficient. The penetration of electronics in the automotive sector gives potential for the market growth of the microcontroller market. The trend of increasing applications and usage of automation in production and manufacturing industries is also driving the growth of the microcontroller market. Microcontrollers are miniature circuit systems, which play a vital role in embedded automation systems in various industries. The widespread demand and applications of microcontrollers in certain devices such as laptops, smartphones, automobiles, military, and healthcare are driving the increasing value of microcontrollers in the global market.
Increased penetration of electronics in the automotive industry
The increasing penetration rate of electronics in the automotive industry spooks the growth of the microcontroller market over the forecast period. The automotive industry is one of the industries using the support of microcontrollers for the efficient performance and operation of their automated production systems. The development of efficient electronic system and automation techniques is widely seen in emerging modern automobiles.
According to the financial report of the company TESLA, the world’s leading electric car manufacturer, accounts for the sale of approximately 79% of electric cars in the United States. The US Department of Transportation has recorded an increase in the percentage of electric vehicles on the road. by the public in the United States. The growth of electric vehicles over IC (internal combustion) cars and gasoline-powered vehicles is witnessing tremendous development around the world. The steady growth in the use and production of electric vehicles leads to the application of automation systems in vehicles, which demands greater growth in the microcontroller market in the field of automation.
Booming automation technology in the production sector
The increase in the application of automation and HMI technology in the field of production is driving the growth of the microcontroller market. Automation systems and software are widely used in the production sector. The greater the efficiency, accuracy and reduced time consumed by automation systems in manufacturing, the greater the use of embedded systems in manufacturing. Microcontrollers are the main brains, or main components, of the automation system.
Algorithms and software provided in microcontrollers provide more convenience and efficiency to the user. HMI systems in production are made more user-friendly and efficient by the increased application of microcontrollers in devices and embedded systems. The wide application of AI systems and embedded technology is driving the growth of the global microcontroller market.
Increased market share in Asia-Pacific
Geographically, Asia-Pacific is the region showing huge signs of growth in the microcontroller market. The widespread use and application of microcontrollers in electronic devices, automobiles, manufacturing industries, and healthcare is contributing to Asia Pacific’s market growth in microcontroller market. The presence of major global electronics manufacturers like China is also boosting the microcontroller market5 in the Asia-Pacific region. Due to the large-scale production of laptops, smartphones, and portable electronic systems, North America is also showing significant growth in the microcontroller market.
By product type
- 8-bit microcontroller
- 16-bit microcontroller
- 32-bit microcontroller
- consumer electronics microcontroller
- automotive microcontroller
- industrial microcontroller
- Microcontroller for medical devices
- Military and defense microcontroller
- North America
- UNITED STATES
- South America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Asia Pacific
- South Korea
Main topics covered:
2. Research methodology
3. Executive Summary
4. Market dynamics
5. Global Microcontrollers Market Analysis, By Product Type
6. Global Microcontrollers Market Analysis, By Application
7. Global Microcontrollers Market Analysis, By Geography
8. Competitive environment and analysis
9. Company Profiles
- Panasonic Company
- Texas Instruments Incorporated
- Cypress Semiconductor Corporation
- Microchip Technology Inc.
- NXP Semiconductors.
- Renesas Electronic Company
- Yamaichi Electronics Co.Ltd.
- Infineon Technologies SA
- EM Microelectronics
- Zilog inc.
For more information about this report visit https://www.researchandmarkets.com/r/su9cqw
Global microcontroller market