Microcontroller Market Size Share Trends Growth and Competitive Analysis 2022-2029 | DataM Intelligence
Market Overview:
The Microcontroller Market reached US$ YY million in 2021 and expected to record high growth by reaching up to US$ YY million by 2029, growing at a CAGR of 10.30% during the forecast period (2022-2029).
A microcontroller is a small, incorporated circuit built into an embedded device to adjust a specific manner. A wellknown microcontroller consists of peripherals on a unmarried chip with memory and enter or output. Using such microcontrollers for aspect computing will improve edge computing in IoT networks.
Microcontrollers are regularly used in products and services which are automatically controlled, consisting of remote controls, office machinery, home equipment, car engine manage systems, implantable scientific device, energy equipment, and many others.
By minimizing the dimensions and rate relative to a gadget with a single microprocessor, reminiscence and enter or output system, microcontrollers make faraway manipulate of many more machines and methods fee-efficiently. These normally integrate the digital gadgets used to display electronic non-virtual devices.
Microcontrollers are an lower priced and not unusual approach of statistics storage, sensing and actuating the physical international as area devices within the sense of the internet of factors.
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Market Dynamics
The Operational failures of microcontrollers in intense climatic situations hampered
Microcontrollers are actually observed in almost each electronic tool in the marketplace. Thousands of MCUs to be had, with nearly any incorporated ports, on-chip reminiscence alternatives and packaging kind. However, for operation in severe temperatures or radiation, the selections available to designers are extraordinarily restricted, which hurdles the product’s market boom.
Electronics in excessive situations encompass terrestrial electronics and gadgets that journey into space. Both settings have temperature extremes and good sized portions of radiation. Examples are downhole drilling, jet engine controllers, satellites or even medical system.
It’s hard to create a strong technique for microcontrollers. On the only hand, decreasing included circuit feature sizes necessitates a more layout effort to make the IC tolerably resistant to those outside impacts.
Furthermore, a few gadget or board designers feel that the IC can tolerate any disturbances with out similarly external protection. The fact is that robustness and secure functioning necessitate a stability of internal and external controls and it’s miles difficult to get equilibrium for the product in harsh situations.
Market Segmentation
By Bit Size
- 8-Bit Microcontroller
- 16-Bit Microcontroller
- 32-Bit Microcontroller
- Others
By End-User
- Aerospace & Defense
- Automotive
- Consumer Electronics
- Medical Devices
- Industrial
- Others
Competitive Landscape
The global microcontroller market is highly competitive with local and global key players. Some key players contributing to the market’s growth are Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductor, Renesas Electronics Corporation, STMicroelectronics and Texas Instruments Incorporated, among others.
The major companies are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the global growth of the microcontroller market.
In March 2019, Renesas acquired Integrated Device Technology (IDT) to provide a wider range of embedded solutions. Integrating IDT’s RF, memory interface, real-time interconnection, wireless power and smart sensors with its microcontrollers, system-on-chips and power management ICs.
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