The global microcontrollers market is anticipated to grow at a considerable CAGR of 10.1% during the forecast period. Increasing Urbanization, Industrialization is growing global microcontrollers market during the forecast period. Also the increase in trend of working through automated machinery and equipment, surge in scope of electronic products, and technology up-gradation, which propels the demand for development of new products and solutions. Microcontrollers are used in automatically controlled products and devices, such as automobile engine control systems, implantable medical devices, remote controls, office machines, appliances, power tools, toys and other embedded systems which makes the day to day work easy. Automation is in everywhere nowadays, including within companies and industries, and is therefore fundamental and essential for production, quality and process control of them.
Microcontrollers are used in automated machine to make the work easy and provide accurate, essential information. There are many ways to automate a production line or a machine can be through relay logic, Programmable Logic Controllers (PLCs), and even more modern microcontrollers with native Internet of Things (IoT) support can be used. The popularity of the microcontrollers used for automated solutions is also increasing this market. According to the Observatory for Economic Complexity (OEC), data In 2020, Medical instruments were the world’s 14th most traded product, with a total trade of $133B, the top exporters of Medical Instruments were US ($27.7B), Germany ($16.7B), Mexico ($10.6B), Netherlands ($10.6B), and China ($10B) and top importers of Medical Instruments were United States ($28B), Germany ($11.1B), Netherlands ($9.49B), China ($8.54B), and Japan ($6.38B). As the automated industries are increasing the production for automated devices, the demand for microcontrollers is also growing across the globe.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Toshiba Electronic Devices & Storage Corp., Intel Corp., Microchip Technology Inc., Renesas Electronics Corp., Texas Instruments Inc., and others.
Microcontrollers Market Report Segment
By Type
- 8-Bit
- 16-Bit
- 32-Bit
By Application
- Automotive
- Consumer Electronics
- Industrial
- Medical Devices,
- Other
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Microcontrollers Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Infineon Technologies AG
- Zilog Inc.
- Analog Devices, Inc.
- Fujitsu Semiconductor Ltd.
- NXP Semiconductors N.V.
- Panasonic Holdings Corp
- ROHM CO., LTD.
- Semiconductor Components Industries, LLC
- STMicroelectronics
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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