Microcontroller Industry Research Report and Global Market AnalysisA Story by MarshGrowing Demand in Automotive, Consumer Electronics is Expected to Boost Microcontroller Industry Growth by 202012 November 2018, 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. 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. Browse Details of Report @ https://www.hexaresearch.com/research-report/microcontroller-industry/
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Added on November 12, 2018 Last Updated on November 12, 2018 Tags: Microcontroller, Microcontroller Market, Microcontroller Industry AuthorMarshFelton, CAAboutInformation about New Innovation in healthcare Sector, new trends, technology development more..Writing
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