26th February 2020 – Latest Research Report on Microcontroller
Socket Market begins with a deep introduction and then search broad
into specific segments such as raw material, application, end user, and region,
policy study, value chain structure, and upcoming trends in particular segments
or regions. The report on Microcontroller Socket prepare a case for investments
in different regions based on a practical view of their regulatory outline,
manufacturing dynamics, and availability of skills and resources in that
region.
The global microcontroller socket market
is expected to value at USD 1.46 billion by 2024. The microcontroller socket
industry is subject to witness a substantial growth due to the rising adoption
of microcontroller devices in the communication sector, automobile industry,
and consumer electronic sector.
Microcontrollers are miniature
electronic systems that perform and manage numerous operations. This technology
offer seamless management of electronic devices through set of instructions.
Globally, the microcontroller socket market is predicted to grow at higher CAGR
in the forecast period, providing numerous opportunities for market players to
invest for research and development in the microcontroller socket industry.
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Top key Players
·
Texas Instruments
·
Aries Electronics
·
Mill-Max Manufacturing
·
CNC Tech LLC
·
Samtec
The microcontroller socket are also
termed as low-power embedded systems that offers advantages such as low power
consumption, optimal data bandwidth, and high-end user interface support. Other
advantages include flexibility, susceptibility and low system cost. These
factors are anticipated to fuel market demand for microcontroller sockets in
the upcoming years. Increasing demand for microcontroller technology from
automotive sector to reduce operation cost during various manufacturing
processes and to improve overall fuel economy are expected to stimulate market
expansion over the forecast period. Introduction of power train feature for
manufacturing and designing processes is projected to positively impact market
growth as well in the years to come.
Development of integrated circuits (IC)
solution that can perform range of application with low-cost, low-profile, and
low-power design requirements are major contributing factor for industry growth
in the upcoming years. Number of original equipment manufacturers (OEMs),
system developers, foundries, packaging and test sub-contractors, and chip
manufacturers are investing heavily to develop the next generation packaging
solutions. These next generation packaging solutions are capable of delivering
faster and economical solutions. These factors are expected to amplify market
value of microcontroller sockets over the forecast period.
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