Growing Penetration of Automotive and Medical Applications drives Microcontroller Market

2024-10-30 09:03:03 News & Society

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The rising demand from the automotive industry has been aiding the global microcontrollers (MCUs) market . A considerable number of MCUs are required in an average automobile to make it function effectively. Furthermore, with the integration of novel features such as GPS and keyless entry, an automobile now requires MCUs embedded with their support circuits more than ever. In a report, titled ?Microcontrollers (MCU) Market - Global Industry Analysis, Size, Share, Growth and Forecast 2012 - 2018,? Transparency Market Research studies the growth trajectory exhibited by the global market for microcontrollers and presents insights into the factors influencing its growth trends.

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According to the report, the global market for MCUs is expected to reach an estimated valuation of US$28.49 bn by 2018, from US$15.7 bn in 2011. If the figures hold true, the global MCU market will exhibit a CAGR of 9.0% between 2011 and 2018. By volume, the market stood at 10.64 billion units in 2011 and is expected to reach 29 billion units by 2018, therefore, exhibiting a robust CAGR of 16.0% from 2012 to 2018.

Microcontrollers are application-specific circuits and are embedded inside the device they control. Hence, these circuits are also referred to as embedded controllers. MCUs include memory devices, a processor, and peripherals. Since, these microcontrollers are integrated inside devices depending on user interaction and requiring real-time control, the market for MCUs gains significant impetus from the increasing popularity of touch sensing technology.

The market for MCUs has been witnessing rising demand ever since the advent of smartphones, phablets, tablets, and other smart gadgets. Additionally, the most widely used consumer electronic products such as microwave ovens, televisions, and washing machines also depend on MCUs for their operation. Despite registering impressive growth over the last few years, the market may face occasional hindrances due to its moderately fragmented nature and the sheer volume of operations carried out by the enterprises vying for a major share of the market. Nevertheless, the increasing demand for advanced healthcare equipment such as portable blood pressure monitors and portable glucometers, which have MCUs embedded in them, will fuel demand from the global microcontrollers market in the near future.

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To provide a holistic analysis of the market operations, the report segments the market on the basis of application, product-type, and geography. Based on product type the market has been segmented into 32-bit, 16-bit, and 8-bit. In 2011, the 8-bit MCUs segment dominated the market with a share of 40% in the market. However, during the forecast period, the 32-bit segment is likely to exhibit the fastest CAGR of 16.2%. In terms of application, the market has been segmented into industrial, automotive, consumer goods, communications, and computers. Of these, the automotive segment accounts for more than 32% of the overall demand registered in 2011.

Regionally the global microcontrollers market is spread across Asia Pacific, EMEA (Europe, Middle East and Africa), North America, and Rest of the World. Among these regions Asia Pacific led the global market in 2011, accounting for a share of 35%. Also the regional market is expected to expand at an impressive CAGR of 9.2% between 2012 and 2018.

To provide a comprehensive overview of the prevailing competitive landscape, the report also profiles some of the most prominent companies operating in the market, such as, Renesas Electronics Corporation, Fujitsu, Freescale Semiconductor, Inc, Infineon Technologies, and Texas Instruments.

The report segments the global microcontrollers market as:

Microcontrollers Market, by Product Type:

> 8-bit
> 16-bit
> 32-bit

Microcontroller Market, by Application:

> Automotive
> Industrial
> Consumer Goods
> Computer
> Communications

Microcontroller Market, by Geography:

> North America
> EMEA
> Asia Pacific
> Rest of the World (RoW)

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