Global Microcontroller Market Insights Forecasts to 2030

• The Microcontroller Market size was valued at USD 31 Billion in 2021
• The market is Growing at a CAGR of 8% from 2022 to 2030
• The Global Microcontroller Market is expected to reach USD 52 Billion by 2030
• Europe is expected to Grow the fastest during the forecast period

Get more details on this report -

Request Free Sample PDF

 

The Global Microcontroller Market is expected to reach USD 52 Billion by 2030, at a CAGR of 8% during the forecast period 2022 to 2030. The COVID-19 epidemic also has had a major impact on the global semiconductor manufacturing sector. In addition to labor difficulties, the decline in microcontroller production and exports in countries including China, Germany, the United States, Japan, and South Korea has significantly decreased global market revenues in 2020.

 

Market Overview

A microcontroller is a small and compact integrated circuit designed to control a specific operation in an embedded system. A microcontroller includes a processor, memory, and programmable I/O output peripherals on a single chip. Microcontrollers are used in automatically controlled products and devices, such as automobile engine control systems, implantable medical devices, remote controls, office machines, appliances, power tools, toys, and other embedded systems. In 2005, about 45% of all CPUs sold in the world were 8-bit microcontrollers and microprocessors. Microcontrollers are used in a variety of end-use automotive, consumer electronics, industrial, healthcare, and aerospace & defense.

 

Report Coverage

This research report categorizes the market for global microcontroller market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the microcontroller market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the microcontroller market.

 

 

    

Driving Factors

The industry's expansion may be principally ascribed to the escalating demand for microcontrollers in the automotive sector, the expanding use of healthcare and medical technology, and the accelerating uptake of Internet of Things (IoT) devices. Furthermore, the rising demand in the consumer electronics sector, increasing adoption of industrial and home automation systems, and deployment of 5G networks are also fuelling the global microcontrollers market. In addition, an increase in the sales of electric cars (EVs), particularly in developed nations, is expected to propel microcontroller growth in the forthcoming years. Governments from different regions also encourage the development of EVs because they significantly reduce carbon emissions.

 

Restraining Factors

The change in the climatic condition such as extreme cold and extreme heat is restraining the microcontroller market due to its operational failures, in such conditions the user need to shift to mechanical devices. In addition, maximum performance and speed are essential for high-end applications including satellites, aircraft, heavy industrial equipment, and some consumer devices. If a microcontroller is used in certain applications, the device's performance will suffer and it may malfunction.

 

Market Segmentation

• In 2021, the 32-bit segment is witnessing a higher growth rate over the forecast period.

Based on product type, the global microcontroller market is segmented into 8-bit, 16-bit, and 32-bit. Among these, the 32-bit segment is witnessing a higher growth rate over the forecast period owing to its higher level of precision in embedded systems and increasing connectivity using the internet. The 32-bit microcontrollers provide several features such as expandability, low-power consumption, and higher I/O peripherals with minimum traces compared to other microcontrollers in the market. It can perform high-end operations with high accuracy and fewer algorithmic cycles, raising its use in high-precision healthcare and medical devices.

 

The 16-bit microcontroller segment is predicted to witness a higher growth rate after 32-bit over the forecast period 2022-2030. It is majorly due to the increasing demand for automotive modules required in the manufacturing of electric/hybrid vehicles, lighting devices, and others.

 

• In 2021, the automotive segment is witnessing significant CAGR growth over the forecast period.

On the basis of application type, the global microcontroller market is segmented into the computer, automotive, consumer electronics, industrial, telecom, healthcare, aerospace & defense, and others. Among these, the automotive segment is witnessing significant CAGR growth over the forecast period. Owing to the rising popularity of enhanced car safety features, convenience functions, electric, hybrid, and self-driving vehicles, and government edicts on emission control. The increasing adoption of ADAS technology to improve driver safety by providing enhanced features with the help of image sensors, for lane departure warnings, parking assistance, and collision avoidance systems. Through such technologies, improved road safety for drivers and pedestrians is expected to drive the automotive segment.

 

 

Regional Segment Analysis of the Microcontroller Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is dominating the market with the largest market share of 16%.

 

Get more details on this report -

Request Free Sample PDF

 

North America is dominating the market with the largest market share of 16%. This is majorly contributed to customer demand for consumer devices such as tablets, smartphones, and other consumer electronics in the region. The microcontroller is expected to dominate the global market due to the increasing visualization of EV infrastructure, automation, and robotics across the designing, manufacturing, and process industries. These visualizations equipment are integrated with microcontrollers to achieve energy efficiency, smaller computation, high performance, and minimize error occurrence manoeuvre.

 

The recent importance of electric, hybrid and self-driving vehicles is one of the driving factors of increased market growth across the continent. According to the US Department of Energy, the fleet of hybrid electric vehicles in the US is the second largest, with 11.8 million units sold as of December 2020. Sales of electrified vehicles increased by 85% in the first quarter of 2021, with the sales volume of EVs, hybrids, and plug-in hybrids exceeding 700,000. Also, sales of PHEVs more than doubled, with an increase of 128% over the previous year.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global microcontroller market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Market Players

• Analog Devices Inc.
• Intel Corporation
• Yamaichi Electronics Co., Ltd.
• ON Semiconductor
• Panasonic Corporation
• QuickLogic
• STMicroelectronics N.V.
• Ambiq Micro, Inc.
• Fujitsu Semiconductor Limited
• Zilog, Inc.
• Diedevices
• ELAN Electrronics
• Gigadevice
• TE Connectivity Ltd.
• Samsung Semiconductors
• Microchip Technology Inc.
• Seiko Epson Corporation
• Texas Instruments Incorporated
• Renesas Electronics Corporation
• Toshiba Electronic Devices & Storage Corporation
• ROHM Co., Ltd.
• Infineon Technologies AG
• Nuvoton Technology Corporation
• NXP Semiconductor

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Development

• In April 2020, Infineon Technologies launched the TraveoTM II Body microcontroller family for next-generation vehicle electronic systems. The device line is designed to address a wide range of automotive applications, such as body control modules, door, window, sunroof, and seat control units.

 

• In June 2021, Toshiba Electronic Devices & Storage Corporation launches 5 new groups of TXZ+ advanced microcontrollers. The M3H and M4K, M4M, M4G, and M4N are groups based on the Arm Cortex-M3 core and Arm Cortex-M4 respectively. The above microcontrollers are ideal for a wide range of applications, including motor control, connected IoT devices, cutting-edge sensing capabilities, and other uses.

 

• In October 2021, Microchip Technology introduced AVR® microcontrollers. With little programming, they can add a variety of functionalities to a single chip thanks to their highly flexible peripherals and the most code-efficient architecture in the market.

 

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global microcontroller market based on the below-mentioned segments:

 

Microcontroller Market, By Product Type

• 8-Bit
• 16-Bit
• 32-Bit

Microcontroller Market, By Application Type

• Automotive
• Consumer Electronics
• Industrial
• Telecom
• Healthcare
• Aerospace & Defense
• Others

 

Microcontroller Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa