Microcontroller Market Analysis and Forecast to 2020 - Hexa ResearchA Chapter by Markets InsightsGrowing automotive industry is anticipated to be a major driver for the microcontroller market by 2020.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 @ http://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
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Added on March 6, 2017 Last Updated on March 6, 2017 Tags: microcontroller market, microcontroller market size, microcontroller market share, microcontroller market analysis, microcontroller market trends, microcontroller market growth, microcontroller AuthorMarkets InsightsFelton, CAAboutAbout 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 c.. more..Writing
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