Global Microcontroller Market Import Export Scenario, Application, Growing Trends and Forecast 2020-2027
Category: #Technology  By Ronak Bora  Date: 2021-03-25
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Global Microcontroller Market Import Export Scenario, Application, Growing Trends and Forecast 2020-2027

According to Report the global microcontroller market is projected to exceed USD 20 billion by the end of 2027.

Microcontrollers are energy efficient units that offer stable and accurate output readings as well as provide highly-precisive I/O peripherals. These characteristics make them suitable for controlled and monitoring applications.

Growing integration of microcontrollers in smart applications like HVAC systems, lighting & fire protection systems and surveillance & security systems has increased the consumption of microcontrollers across the world.

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According to the World Robotics 2020 report, 2.7 million industrial robots are operating in factories worldwide and have witnessed a year-on-year growth rate of 12% compared to 2018. The rising adoption of industrial robots is estimated to generate noteworthy growth opportunities for 32-bit microcontroller suppliers. Estimates further suggest that around 2 million new industrial robots are anticipated to be deployed by the year 2022.

The trend of smart cities public infrastructure development is steadily gaining grip across Asia Pacific. The rising adoption of public Wi-Fi infrastructure in India, South Korea, Japan, Singapore, and Taiwan is expected to offer new opportunities to microcontroller manufacturers.

Proliferation in the demand for consumer electronics and home appliances will also have a positive impact on microcontroller market of APAC. According to the Indian Brand Equity Foundation, the consumer electronics & appliances industry in India is expected to rise from USD 10.93 billion in 2019 to USD 21.18 billion in 2025.

List of the Key Companies that are Operating in the Microcontroller Market. They are as follows:

Analog Devices, Inc., Broadcom, Cypress Semiconductor Corporation, FUJITSU, Holtek Semiconductor Inc., Infineon Technologies AG, Intel Corporation, Maxim Integrated, Microchip Technology Inc., NXP Semiconductors N.V., On Semiconductor, Panasonic Corporation, Renesas Electronics Corporation, Seiko Epson Corporation, Silicon Laboratories, STMicroelectronics N.V., Sunplus Innovation Technology Inc., Texas Instruments Incorporated, Toshiba Electronic Devices & Storage Corporation, Xilinx, Zilog, Inc.

Due to favorable cost and performance capabilities in comparison to 8-bit and 32-bit microcontrollers, the 16-bit microcontroller market size is projected to augment over the estimated period. Reports indicate that the 16-bit segment held for over 20% market share in 2020. However, the market could expect a decline in growth in the coming future. The 16-bit MCUs involve programmable cycles and require more efficiency in comparison to 32-bit microcontrollers. This has led to declining demand for 16-bit MCUs in various end-use applications such as healthcare, electronics, and consumer electronics.

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Table Of Content:

Chapter 5   Microcontroller Market, By Product

5.1    Key trends, by product

5.2    8-bit

5.2.1    Market estimates and forecast, 2016 - 2027

5.3    16-bit

5.3.1    Market estimates and forecast, 2016 - 2027

5.4    32-bit

5.4.1    Market estimates and forecast, 2016 - 2027

Chapter 6   Microcontroller Market, By Application

6.1    Key trends, by application

6.2    Automotive

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Consumer electronics

6.3.1    Market estimates and forecast, 2016 - 2027

6.4    Industrial

6.4.1    Market estimates and forecast, 2016 - 2027

6.5    Healthcare

6.5.1    Market estimates and forecast, 2016 - 2027

6.6    Aerospace & defense

6.6.1    Market estimates and forecast, 2016 - 2027

6.7    Others

6.7.1    Market estimates and forecast, 2016 - 2027

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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