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Microcontroller Market Share 2019 Trends, Demand and Forecast Till 2024

Press release   •   Dec 03, 2019 08:03 EST

According to the latest report by IMARC Group titled, “Microcontroller Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market is expected to grow at a CAGR of around 7% during 2019-2024.

A microcontroller is an integrated circuit, which is installed in electronic devices to perform a specific task. It consists of programmable peripherals, processors and memory, along with multiple serial ports on a single computer chip. It is compact, has low power requirements and is embedded in devices, such as smartphones, microwave ovens, washing machines and laptops. The technologically advanced variants are utilized in marine vessels, aircraft, medical life support systems and robots to perform specialized functions.

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The global market is driven by the thriving healthcare sector, which utilizes the product in heart rate monitors, spirometers and other devices. Furthermore, growth in the automotive industry which employs microcontrollers for operating accelerators, anti-lock brake interfaces and advanced driver assistance systems (ADAS) in automobiles, is also contributing to the market growth. Other factors, including the expansion of smart grid systems and the increasing trend of automation across manufacturing, retail, industrial and military sectors, along with the rising demand for portable electronics that require greater processing speeds and higher functionalities, are projected to drive the market further.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/microcontroller-market

Key Market Segmentation:

Breakup by Product Type:

  • 8-Bit
  • 16-Bit
  • 32-Bit
  • 64-Bit
  • Others

Breakup by Architecture:

  • 8051 Architecture
  • AVR Architecture
  • PIC Architecture
  • ARM Architecture
  • Others

Breakup by Memory:

  • Embedded Memory Microcontroller
  • External Memory Microcontroller

Breakup by Application:

  • Automotive
  • Powertrain and Chassis
  • Body Electronics
  • Safety and Security Systems
  • Infotainment and Telematics
  • Consumer Devices
  • Industrial
  • Others

Breakup by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

Competitive Landscape

The report has also examined the competitive landscape of global microcontroller market.

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