Press release —
Growing Application of Microcontrollers in Making Next-Generation Electronics to Boost Market
MarketResearchReports.biz has announced the addition of a new report, titled “Global Microcontroller Market 2017-2021”, to its offering. The comprehensive report on global microcontrollers offers in-depth insights into market dynamics, notable and emerging trends, lucrative opportunities, market size and share of various segments, and competitive dynamics. The research study provides a detailed analysis of the recent technological advances and evaluates the impact of recent advances in chip manufacturing on emerging opportunities. The report takes a closer look at recent product launches and assesses their impact on demand for advanced embedded controllers in cellphones, household appliances, and automobiles. The report highlights the strategies adopted by key market players to consolidate their shares across major regions.
The extensive applications of microcontrollers in industrial automation systems is a key factor boosting the rapid evolution of the market. Driven by ample opportunities, the global market for microcontrollers is projected to expand at a CAGR of 5.03% from 2017 to 2021.
The use of programmable embedded controllers in a variety of consumer products such as smartphones, automobiles, household appliances, computer peripherals, washing machines, and microwave ovens is a key factor propelling the demand for microcontrollers. The growing demand for low-cost, programmable embedded chips in various consumer electronics is expected to boost the market. Furthermore, the growing adoption of touch screen devices is further expected to propel the demand for microcontrollers. The increasing application of embedded chips for powerful engine control systems in automobiles is likely to catalyze the microcontroller market growth.
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The protracted development cycle in developing microcontrollers for the automotive sector is a key factor likely to restrain the microcontrollers market to an extent. Nevertheless, the advent of high-quality graphics processing is anticipated to create new opportunities in the microcontrollers market. The major regions covered in the report are the Americas, Asia Pacific, and Europe, the Middle East, and Africa (EMEA). Advancements in manufacturing technologies have enabled market players make advanced embedded products with high-resolution displays and animation features, thereby boosting the microcontroller market. The growing adoption of Internet-of-Things technology and the growing application of microcontrollers in various connected devices are expected to open up lucrative avenues of growth for market players.
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The growing adoption of microcontrollers in making next-generation electronics and constant initiatives of several manufacturers of integrated circuits in finding challenging embedded applications is projected to create exciting opportunities in the forthcoming years. Various players are developing less power intensive, efficient, and secure solutions to capitalize on emerging opportunities. Furthermore, recent advancements in analog circuitry are expected to expand the real-life applications of microcontrollers. For instance, considerable progress made in programmable 16-/32-bit processors has positively affected the microcontroller market.
Companies vying for a significant share in the microcontrollers market include STMicroelectronics, Renesas Electronics, Infineon Technologies, Freescale Semiconductor, Atmel Corporation, Texas Instruments, NXP Semiconductors, and Fujitsu.
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