#microcontroller market analysis

Microcontroller Industry Overview

 The global microcontroller market size was valued at USD 18.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030.

 Globally, more than 29 billion units of microcontrollers were shipped in 2021. Microcontrollers are majorly used in devices that require a considerable degree of control utilized by the users. The increasing competition in the industry has led to the low price of the product, which will drive the demand for microcontrollers. The growing awareness regarding smart energy management with the emergence of smart grids is expected to increase the MCU demand. The COVID-19 pandemic has had a substantial impact on the semiconductor manufacturing industries across the globe.

 The fall in production and exports of microcontrollers in the countries, such as China, Germany, the U.S., Japan, and South Korea, coupled with the labor shortage, has significantly declined the overall market revenue in 2020. However, as the lockdown restrictions are getting lifted in several countries such as the U.K. and Germany, the manufacturing facilities have started operating with reduced work capacity to limit the spread of COVID-19. With the growing demand for 5G network equipment, servers, and electric and autonomous vehicles (EV) applications globally, microcontrollers' adoption is expected to see a remarkable surge over the coming years. This, in turn, is estimated to boost the overall market growth over the forecast years.

 Gather more insights about the market drivers, restrains and growth of the Global Microcontroller Market

 The critical factor that is boosting the market growth is the rising demand from the medical sector across the globe. The growing percentage of coronavirus cases, the increasing geriatric population, and the rising occurrence of diseases such as diabetes and high blood pressure are other key factors fueling the market growth. As a result, the demand for electronic medical devices to measure oxygen levels, temperature, blood pressure, and sugar levels is increasing. Microcontrollers can decrease the cost of medical devices and help provide accurate reading and information about the condition of the patient. As such, the demand for microcontrollers from medical equipment manufacturers is considerably increasing.

 Microcontrollers are used in numerous devices from various applications such as automotive, industrial, telecommunications, healthcare, and consumer electronics. The automotive sector is driven by an increase in the number of luxury cars that use advanced microcontrollers. The electric vehicle market is rapidly growing, which is anticipated to further boost the product demand. As a result, with the growing demand for vehicles, the automotive sector is expected to contribute considerably to the growth of the global market from 2022 to 2030. However, the global slowdown in the sales and production of vehicles can affect the growth as microcontrollers are majorly used in automotive applications.

 Increasing awareness regarding smart energy management with technological advancements is expected to boost the growth further. The smart grid is one of the technologies that combine with electrical networks and digital communication to facilitate remote control facilities. A smart grid uses smart meters and a communication channel to communicate. Hence, microcontrollers are used for ensuring communication between physical locations. Thus, smart meter installations under smart grid initiatives are expected to drive the market considerably.

 Recently, the market is witnessing an increased demand for Internet of Things (IoT) MCUs. The growing web of connected devices encompasses smartphones, televisions, tablets, home appliances, gaming consoles, smart meters, and security systems. By leveraging this ever-increasing web of devices, the demand for IoT microcontrollers is rapidly growing. Increasing competition has led to the reduced prices of the product, which is anticipated to further fuel the product demand. The declining average selling prices, coupled with high demand from major application areas, are expected to drive the market over the forecast period.

 Browse through Grand View Research's Electronic Devices Industry Research Reports.

IoT Microcontroller Market - The global IoT microcontroller market size was valued at USD 4.69 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.7% from 2022 to 2030. The increasing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are some of the primary factors to drive the market growth.

Autonomous Vehicles Market - The global autonomous vehicles market demand was estimated at 51.6 thousand units in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 53.6% from 2022 to 2030.

 Microcontroller Market Segmentation

Grand View Research has segmented the global microcontroller market on the basis of product, application, and region:

Microcontroller Product Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

8-bit

16-bit

32-bit

Microcontroller Application Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

Automotive

Consumer Electronics & Telecom

Industrial

Medical Devices

Aerospace & Defense

Others

Microcontroller Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East & Africa

 Market Share Insights

November 2020: Renesas Electronics Corporation in collaboration with ALTRAN, an engineering and R&D service provider (A Capgemini Subsidiary), developed a social distancing-based wristwatch on Ultra-Wideband (UWB) technology.

 Key Companies profiled:

Some prominent players in the global microcontroller market include

Infineon Technologies AG

Microchip Technology Inc.

NXP Semiconductor

Renesas Electronics Corporation

STMicroelectronics

Texas Instruments Incorporated

Microcontroller Industry Overview

The global microcontroller market size was valued at USD 18.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. 

Globally, more than 29 billion units of microcontrollers were shipped in 2021. Microcontrollers are majorly used in devices that require a considerable degree of control utilized by the users. The increasing competition in the industry has led to the low price of the product, which will drive the demand for microcontrollers. The growing awareness regarding smart energy management with the emergence of smart grids is expected to increase the MCU demand. The COVID-19 pandemic has had a substantial impact on the semiconductor manufacturing industries across the globe.

The fall in production and exports of microcontrollers in the countries, such as China, Germany, the U.S., Japan, and South Korea, coupled with the labor shortage, has significantly declined the overall market revenue in 2020. However, as the lockdown restrictions are getting lifted in several countries such as the U.K. and Germany, the manufacturing facilities have started operating with reduced work capacity to limit the spread of COVID-19. With the growing demand for 5G network equipment, servers, and electric and autonomous vehicles (EV) applications globally, microcontrollers' adoption is expected to see a remarkable surge over the coming years. This, in turn, is estimated to boost the overall market growth over the forecast years.

Gather more insights about the market drivers, restrains and growth of the Global Microcontroller Market

The critical factor that is boosting the market growth is the rising demand from the medical sector across the globe. The growing percentage of coronavirus cases, the increasing geriatric population, and the rising occurrence of diseases such as diabetes and high blood pressure are other key factors fueling the market growth. As a result, the demand for electronic medical devices to measure oxygen levels, temperature, blood pressure, and sugar levels is increasing. Microcontrollers can decrease the cost of medical devices and help provide accurate reading and information about the condition of the patient. As such, the demand for microcontrollers from medical equipment manufacturers is considerably increasing.

Microcontrollers are used in numerous devices from various applications such as automotive, industrial, telecommunications, healthcare, and consumer electronics. The automotive sector is driven by an increase in the number of luxury cars that use advanced microcontrollers. The electric vehicle market is rapidly growing, which is anticipated to further boost the product demand. As a result, with the growing demand for vehicles, the automotive sector is expected to contribute considerably to the growth of the global market from 2022 to 2030. However, the global slowdown in the sales and production of vehicles can affect the growth as microcontrollers are majorly used in automotive applications.

Increasing awareness regarding smart energy management with technological advancements is expected to boost the growth further. The smart grid is one of the technologies that combine with electrical networks and digital communication to facilitate remote control facilities. A smart grid uses smart meters and a communication channel to communicate. Hence, microcontrollers are used for ensuring communication between physical locations. Thus, smart meter installations under smart grid initiatives are expected to drive the market considerably.

Recently, the market is witnessing an increased demand for Internet of Things (IoT) MCUs. The growing web of connected devices encompasses smartphones, televisions, tablets, home appliances, gaming consoles, smart meters, and security systems. By leveraging this ever-increasing web of devices, the demand for IoT microcontrollers is rapidly growing. Increasing competition has led to the reduced prices of the product, which is anticipated to further fuel the product demand. The declining average selling prices, coupled with high demand from major application areas, are expected to drive the market over the forecast period.

Browse through Grand View Research's Electronic Devices Industry Research Reports.

IoT Microcontroller Market - The global IoT microcontroller market size was valued at USD 4.69 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.7% from 2022 to 2030. The increasing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are some of the primary factors to drive the market growth.

Autonomous Vehicles Market - The global autonomous vehicles market demand was estimated at 51.6 thousand units in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 53.6% from 2022 to 2030.

Microcontroller Market Segmentation

Grand View Research has segmented the global microcontroller market on the basis of product, application, and region:

Microcontroller Product Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

8-bit

16-bit

32-bit

Microcontroller Application Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

Automotive

Consumer Electronics & Telecom

Industrial

Medical Devices

Aerospace & Defense

Others

Microcontroller Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East & Africa

Market Share Insights

Nov 2020: Renesas Electronics Corporation in collaboration with ALTRAN, an engineering and R&D service provider (A Capgemini Subsidiary), developed a social distancing-based wristwatch on Ultra-Wideband (UWB) technology.

September 2021: Renesas launched ultra-low power, 32-bit RX140 group of microcontrollers (MCUs), with 30% better power efficiency for home and industrial applications.

Key Companies profiled:

Some prominent players in the global microcontroller market include

Infineon Technologies AG

Microchip Technology Inc.

NXP Semiconductor

Renesas Electronics Corporation

STMicroelectronics

Texas Instruments Incorporated

Order a free sample PDF of the Microcontroller Market Intelligence Study, published by Grand View Research. 

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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June 11, 2019: A microcontroller is a small computer on a single integrated circuit. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Microcontroller Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

In this report, the global Microcontroller market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.

Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-microcontroller-market-research-report-2019-2023/request-sample

The report firstly introduced the Microcontroller basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

•           Renesas Electronic Corporation

•           Microchip Technology Inc.

•           NXP Semiconductor N.V.

Browse Full Report With TOC @ https://www.radiantinsights.com/research/global-microcontroller-market-research-report-2019-2023

•           Texas Instrument Incorporated

•           STMicroelectronics

•           Infineon Technologies AG

•           Fujitsu Semiconductor Limited

•           Cypress Semiconductor Corporation

•           ARM Ltd.

•           Panasonic Corporation

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

•           8-bit

•           16-bit

•           32-bit

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Microcontroller for each application, including-

•           Industrial

•           Consumer Goods

•           Automotive

•           Communication

•           Computers

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Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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Global Microcontroller Market is estimated to be valued at USD 26.9 billion by 2020, as per a new research report by Hexa Research. Growing demand in key application areas such as automotive, consumer electronics and healthcare are expected to boost industry growth over the forecast period. Price reduction and quality enhancement may be achieved with the increasing deployment in healthcare industry. Moreover, increasing consumer awareness regarding energy efficient hybrid electric vehicles is likely to favor growth prospects. 

Proliferation of smart grid systems is expected to drive microcontroller market growth over the forecast period. These systems consist of digital communication and remote-control facility, which in turn increases the demand of microcontrollers globally. However, economic slowdown in the industry is likely to pose challenges to industry participants. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/microcontroller-industry/

32-bit microcontroller was the leading product segment, with revenues reported at USD 6,658.1 million in 2013. Reduction in unit prices is responsible for the increase in demand. In addition, it is embedded in higher processing capabilities devices which are also spurring the demand for this product segment. 16-bit microcontroller was analyzed to be the second largest product segment and accounted for over 31% of the total revenue in 2013, growing at an estimated CAGR of 7.1% from 2014 to 2020. 

Key report insights suggest:

- Global microcontroller unit shipments were estimated at 17,393.6 million units in 2013 and are expected to register 39,108.5 million units by 2020, growing at an estimated CAGR of 12.3% from 2014 to 2020.

- Asia Pacific microcontroller market dominated the regional demand with an estimated market share of 38.2% in 2013. It is also expected to be the fastest growing region, growing at a CAGR of 7.8% from 2014 to 2020. Increasing adoption of microcontrollers across various application segments including HVAC, energy, and mobile phones is expected to drive the regional demand.

- Automotive industry dominated the demand with an estimated market share of 33.8% in 2013. This industry is also expected to be the fastest growing application segment, growing at a CAGR of 13% from 2014 to 2020. Increasing acceptance of electric and hybrid vehicles utilizing microcontrollers is expected to boost the market growth.

- The microcontroller industry is moderately consolidated which consist of MNCs and local manufactures present are different levels in value chain. Key companies include Renesas Electronics, Samsung, Fujitsu, STMicroelectronics, Texas Instruments, Freescale Semiconductor and Infineon Technologies among others.

For the purpose of this study, Hexa Research has segmented the microcontroller market on the basis of product, application and region:

Global Microcontroller Product Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)

- 4/8-bit

- 16-bit

- 32-bit

Global Microcontroller Application Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)

- Automotive

- Consumer Electronics

- Industrial

Global Microcontroller Region Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)

- North America

- Europe Middle East and Africa (EMEA)

- Asia Pacific

- Latin America

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-industry

About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Global Microcontroller Market is estimated to be valued at USD 26.9 billion by 2020, as per a new research report by HexaResearch. Growing demand in key application areas such as automotive, consumer electronics and healthcare is expected to boost industry growth over the forecast period. Price reduction and quality enhancement may be achieved with the increasing deployment in healthcare industry. Moreover, increasing consumer awareness regarding energy efficient hybrid electric vehicles is likely to favor growth prospects. 

Proliferation of smart grid systems is expected to drive microcontroller market growth over the forecast period. These systems consist of digital communication and remote control facility, which in turn increases the demand of microcontrollers globally. However, economic slowdown in the industry is likely to pose challenges to industry participants.  

32 bit microcontroller was the leading product segment, with revenues reported at USD 6,658.1 million in 2013. Reduction in unit prices is responsible for the increase in demand. In addition, it is embedded in higher processing capabilities devices which are also spurring the demand for this product segment. 16 bit microcontroller was analyzed to be the second largest product segment and accounted for over 31% of the total revenue in 2013, growing at an estimated CAGR of 7.1% from 2014 to 2020.  

Browse Details of Report @ https://www.hexaresearch.com/research-report/microcontroller-industry

Key report insights suggest:

Global microcontroller unit shipments were estimated at 17,393.6 million units in 2013 and are expected to register 39,108.5 million units by 2020, growing at an estimated CAGR of 12.3% from 2014 to 2020.

Asia Pacific microcontroller market dominated the regional demand with an estimated market share of 38.2% in 2013. It is also expected to be the fastest growing region, growing at a CAGR of 7.8% from 2014 to 2020. Increasing adoption of microcontrollers across various application segments including HVAC, energy, and mobile phones is expected to drive the regional demand.

Automotive industry dominated the demand with an estimated market share of 33.8% in 2013. This industry is also expected to be the fastest growing application segment, growing at a CAGR of 13% from 2014 to 2020. Increasing acceptance of electric and hybrid vehicles utilizing microcontrollers is expected to boost the market growth.

The microcontroller industry is moderately consolidated which consist of MNCs and local manufactures present are different levels in value chain. Key companies include Renesas Electronics, Samsung, Fujitsu, STMicroelectronics, Texas Instruments, Freescale Semiconductor and Infineon Technologies among others. 

For the purpose of this study, HexaResearch has segmented the microcontroller market on the basis of product, application and region:

Global Microcontroller Product Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)

4/8-bit

16-bit

32-bit

Global Microcontroller Application Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)

Automotive

Consumer Electronics

Industrial

Global Microcontroller Region Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)

North America

Europe Middle East and Africa (EMEA)

Asia Pacific

Latin America 

Browse Related Category Market Reports@ https://www.hexaresearch.com/research-category/semiconductors-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

A microcontroller (MCU) is a semiconductor IC used in numerous embedded applications. A typical MCU chip includes core, processer memory and programmable output/input peripherals. Microcontrollers are cheaper and smaller than microprocessors, which makes it to control numerous devices and processes digitally. They are used mainly in devices that need a significant degree of control which are utilized by the user. Growing automotive industry is anticipated to be a major driver for the market over the next five years. In addition, high degree of rivalry in the industry has resulted in price cuts, which is anticipated to further fuel the market growth. Industrial segment is also a key contributor to the overall market. There is an increasing need for agility and flexibility in the industrial ecosystem due to declining product life-cycles. Increased innovative technical developments in consumer electronics is expected to provide positive avenues to market growth over the forecast period. 

MCUs are included in several consumer electronics devices, which are projected to augment the MCU market growth. Increasing demand for devices which are compatible with Ethernet and Internet of Things (IoT) is also expected to provide positive avenues to market growth over the foreseeable period. Growing demand for microcontroller chips blended with wireless interface such as NFC, ZigBee and Bluetooth is also anticipated to drive the market growth. Furthermore, unfavorable macroeconomic conditions and moderately fragmented nature of the industry are estimated to slow down the market growth over the next five years. The global market was anticipated to be 17,393.64 million units in 2013, and is estimated to reach 39,108.54 million units by 2020, increasing at a CAGR of 12.34% from 2014 to 2020. On the basis of revenue, the market was esteemed at USD 16,697.19 million in 2013 and is estimated to reach USD 26,984.81 million by 2020, rising at a CAGR of 7.3% from 2014 to 2020.

Browse Detail Report with TOC @http://www.hexaresearch.com/research-report/microcontroller-industry/

Product Insights

Based on the thickness and width of the internal bus, microcontrollers are classified into 16-bit, 32-bit, and 4/8-bit. 32-bit MCU segment is ruled the market and accounted over 32% of the total market revenue in 2013. The 32-bit microcontroller segment is also estimated to grow at a fast pace over the forecasted period. Increasing popularity due to decrease in unit prices is estimated to drive 32-bit MCU market. The 16-bit MCU product was the second major product segment covered over 28% of the overall market revenue in 2013. They are used in various applications requiring greater power and faster processing speed requirements such as factory automation, medical applications, automotive, refrigeration, and air conditioning among others.

Application Insights

Application segments include consumer electronics, automotive, industrial and other applications such as communications and computers. Automotive is the leading application segment and valued for 31% of market volume in 2013 and is also estimated to be the fastest growing application segment over the foreseeable period. MCUs are used to attain fuel efficiency and emission control in hybrid electric vehicles. These vehicles offer an excess of environmental benefits and are gaining reputation, as a result boosting the demand for microcontrollers market. The industrial segment is the second major sector followed by automotive segment in terms of revenue share in 2013. In this industrial sector, microcontrollers allow feedback control mechanisms and industrial automation to shore up advanced sensors.

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Regional Insights

Asia Pacific was the largest market in 2013 and covered over 35% of the market on basis of revenue as well as volume. It is also estimated to show the maximum growth rate of 7.88% from 2014 to 2020. This can be credited to growing demand for consumer electronics and automobiles in this region. Outsourcing within this industry has also risen in the Asia Pacific market, which results in decreasing price of 32-bit and 16-bit chips.

Competitive Insights

Some key players operating in the global market include Microchip Technology Inc., Renesas Electronics Corporation, Texas Instruments, Dallas Semiconductor, Atmel Corp., Freescale Semiconductor, National Semiconductor, Fujitsu Semiconductor, STMicroelectronics, Samsung Semiconductor, Infineon Technologies, ZiLog, Silicon Labs, Fairchild Semiconductor, Analog Devices, and Intel Corp. among others.

Table of Contents

Chapter 1. Executive Summary

1.1. Microcontroller - Industry Summary and Critical Success Factors (CSFs)

Chapter 2. Microcontroller Industry Outlook

2.1. Market Segmentation

2.2. Market Size and Growth Prospects

2.3. Microcontroller Value Chain Analysis

2.4. Microcontroller Market Dynamics

2.4.1. Market Driver Analysis

2.4.1.1. Growth in key application areas

2.4.1.2. Emergence of Internet of Things (IoT)

2.4.1.3. Proliferation of microcontroller chips integrated with wireless interface

2.4.2. Market Restraint Analysis

2.4.2.1. Macroeconomic factors

2.5. Key Opportunities Prioritized

2.6. Industry Analysis - Porter's

2.7. Microcontroller - Company Market Share Analysis, 2013

2.8. Microcontroller Market PESTEL Analysis, 2013

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Hexa Research

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