- Microcontrollers are universal semiconductor ICs that exist in various embedded applications. Distinctive MCU chips encompass a core, processor, programmable output/input peripherals and memory. Microcontrollers cost lesser than microprocessors and are also tinier. This turns them cost-effective to control several processes and instruments on a digital basis. Microcontrollers are mainly utilized in devices that need a significant amount of control applied by consumers.
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The fast developing industry of automotives is likely to propel further demand for the microcontroller market during the coming years. Moreover, huge rivalry in the market has led to price reductions, which is anticipated to further the market in terms of income. Apart from automotives, the sector of industrial also drives escalated demand for the microcontroller market. The industry of consumer electronics has experienced imperative expansion owing to new technologies.
Microcontrollers are being integrated in different consumer electronic devices. This is also predicted to drive the sales of the microcontroller market through the forecast phase. Moreover, accelerated demand for devices backing Ethernet and Internet Of Things is projected to steer the demand for the market. Conversely, the reasonably segmented feature of the market and unsupportive macroeconomic conditions are anticipated to retard the pace of the microcontroller market and prevent it from flowing smoothly.
The worldwide market was said to be around 17, 393 million units in 2013. It is estimated to surpass 39, 105 million units by 2020. With regard to income, the microcontroller market was reported to be about USD 16, 698 million in 2013. It would achieve a size of around USD 26, 985 million by 2020. The market is anticipated to expand at about 7.3 percent CAGR during 2014 to 2020. The three categories on the basis of which the microcontrollers market is divided are applications, products and geographies.
The important application sectors consist of industrial, consumer electronics, automotives and others. Augmented demand for microcontrollers in these sectors is likely to drive the revenue of the microcontroller market. Automotives surfaced as the dominating sector in 2013. It occupied more than 30 percent of the overall market volume. This sector is also estimated to develop most swiftly in the years to come. Industrial landed second spot and chased automotives in 2013 in relation to the overall income.
The microcontroller market, on account of products, is sliced into 16-bit microcontrollers, 4/8-bit microcontrollers and 32-bit microcontrollers. The sector of 32-bit microcontrollers leaded the market in 2013 in relation to income. It made up for more than 34 percent of the share. The sector is also forecast to expand most rapidly in the six years ahead. 16-bit microcontrollers chased the leader in 2013. They occupied nearly 30 percent of the microcontroller market.
In view of geographical regions, the microcontroller market is divided on the strength of Asia Pacific, North America, rest of the world and Europe. Asia Pacific leaded the market in 2013. It captured more than 35 percent of the share. The region is also likely to display maximum expansion during 2014 to 2020. The rest of the world microcontroller market chased Asia Pacific in terms of share.
Information Source: Grand View Research
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