Microcontroller Market Competitive Landscape and Forecasts 2024

12^th March 2020 – "Microcontroller Market" 2024 Industry research report covers the industry overview with Marketplace Size, Share, Development, futuristic cost, earnings, demand and distribution data. Its wide study offers an analytical summary of the marketplace that can help to the new and existing player to take a significant decision.

The global Microcontroller Market is expected to reach USD 102.18 billion by 2024 and will witness massive growth during the forecast period. A microcontroller is a processor that is placed on a single circuit that consists of processor, input & output peripheral and memory. It is automatically installed in different products and electronic devices such as power tools, remote controls, toys, office machines, home appliances and others. Credits to the electronic devices that make use of microcontroller vastly because it makes their functioning error-free and assures a smooth process.

The growth in the microcontroller market is massively driven by the rise in the number of portable electronics such as smartphones, personal computers and tablet along with the upsurge in luxury cars that makes use of advanced electronic systems and is continuously helping the industry to grow in the current scenario. Additionally, the manufacturing procedure has been changing and this is pushing the rise in automated machines, which now gets produced in a much more simpler and efficient technique. There are some of the major dynamics that are enhancing the growth of the microcontroller industry.

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Main features of the report:

·         To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Microcontroller Market.

·         A complete backdrop analysis, which includes an assessment of the parent market

·         Important changes in market dynamics

·         Market segmentation up to the second or third level

·         To provide country level analysis of the market for segment by application, product type and sub-segments.

·         To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

·         Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Microcontroller Market.

·         Emerging niche segments and regional markets

·         An objective assessment of the trajectory of the industry.

The TMPM380FY ARM Cortex-M3 is the first MCU that featured single 5-V supply and was manufactured by Toshiba Electronics in 2015. It is the first in the series of 5-V Cortex-M3 devices that will decrease the count of the component and smoothen the enlargement of embedded designs for white goods and industrial applications.

Based on the regions, North America is anticipated to be one of the key regions contributing to the market’s growth over the forecast period. The application of microcontroller for photovoltaic systems and smart energy management is projected to help the microcontroller sector foresee massive growth. Along with this, Asia Pacific is estimated to witness a prominent growth during the estimated time span due to the progress in the consumer electronics and automotive industry. Considering this vast hype, new investors have started investing enormously in the R&D activities of this industry, which will boost the manufacturers to come up with some intense innovations. Thus, the microcontroller will foresee an enormous development in the near future.

Major Companies operating in the industry are:

·         Panasonic Corporation,

·         Infineon Technologies AG,

·         Renesas Electronic Corporation,

·         Toshiba Electronics,

·         ARM Ltd.,

·         Texas Instrument Incorporated,

·         Cypress Semiconductor Corporation,

·         NXP Semiconductor N.V.,

·         STMicroelectronics,

·         Microchip Technology Inc.

·         Fujitsu Semiconductor Limited

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