The global microcontroller market size will grow by USD 6.74 billion during 2019-2023. This industry research report provides a detailed analysis of the market based on product (32-bit microcontrollers, 8-bit microcontrollers and 16-bit microcontrollers), application (automotive, consumer devices, industrial and others) and geography (the Americas, APAC and EMEA). The report analyzes the market’s competitive landscape and offers information on several microcontroller manufacturers including Infineon Technologies, Microchip Technology, NXP Semiconductors, Renesas Electronics and STMicroelectronics.

Below are some of the key findings from this microcontroller market analysis report



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Global microcontroller industry overview

The increasing use of microcontrollers in automobiles is driving the market. Microcontrollers are highly used in automobiles as it reduces the fuel consumption and enable efficient functioning by managing the ECU diagnostics and powertrain functions. Microcontrollers and MPUs enhance customer experience in automobiles by efficiently controlling the function of advanced features of cars such as heads-up display, studio-quality sound systems, movie systems, seamless connectivity solutions and advanced driver assistance systems (ADAS). Moreover, microcontrollers are also increasingly used for controlling various ECU functions in automobiles such as controlling power windows, safety systems, seats, taillights, headlights, steering, and braking systems. As a result, the increasing use of microcontrollers in automobiles is driving the market growth at a CAGR of close to 7% during the forecast period.
Top microcontroller companies covered in this report

The global microcontroller market is highly concentrated. The market is in the growth phase and the competition is expected to become less intense by the end of the forecast period. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this microcontroller market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.
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