Microcontroller Market Size, Share, Trends, Growth and Demand Forecast to 2022

01/mag/2018 11:32:40 Nasir Jones Contatta l'autore

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The global microcontroller is expected to grow at a CAGR of 6.9% during 2016 - 2022. Among the various bit sizes, the 32-bit segment held the largest share in the global  microcontroller market  in 2015.

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Demand for microcontrollers during the forecast period. Majority of the programmable microcontrollers that are used to be embedded in other consumer products or machinery including mobile phones, automobiles, household appliances and peripherals for computer systems. Owing to this, a microcontroller is sometimes also coined as embedded controller.

Microcontrollers have myriad of applications. However, there are different types of microcontrollers to meet the requirements of a specific application. Since it is only important factor while manufacturing, it is only coherent to pick the most economical device that goes with the application's needs. Consequently, microcontrollers are usually tailored for specific applications.

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The ongoing technological advancements including vehicle connectivity, interactive safety systems and finally self-driving cars will change the global scenario in the near future. The automobiles will be digital world over the forecast period, thus leveraging the characteristics of microcontrollers. This will drive the demand for microcontrollers during the forecast period.

The growing awareness among the tech savy consumers is leading to the smartphone proliferation across the globe. The sales of smartphones are driven by the demand for low-cost smartphones in the developing economies and inexpensive 4G smartphones in emerging markets worldwide. The global smartphone market is increasing at a significant rate. This will be the demand for microcontrollers in the coming years.

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Some of the key companies in the global microcontroller market include Texas Instruments Incorporated, Microchip Technology Inc., Silicon Laboratories, Intel Corporation, Renesas Electronics Corporation, Maxim Integrated, Fairchild Semiconductor, STMicroelectronics, Analog Devices Inc. and Samsung Semiconductor.

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