Market Research Future (MRFR) has published on the “Global Programmable Microcontroller Market”.
The Programmable Microcontroller market is estimated to register a CAGR of 12.2% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Programmable Microcontroller market Texas Instruments, Microchip Technology Inc., Polou Robotics and Electronics, STMicroelectronics, NXP Semiconductors, Renesas Electronics, SEGGER Microcontroller Systems, ELENCE, Promik Trusted Solution, BPM Microsystems, Data I/O Corporation, Arduino, N-iX LTD.
Programmable Microcontroller Market Highlights
The global Programmable Microcontroller market is accounted for to register a CAGR of 12.2% during the forecast period and is estimated to reach USD 25,644.8 million by 2032.
The factors contributing to the growth of the global programmable microcontroller market are growing demand for connected devices, automotive industry and edge computing and smart sensors. The market for programmable MCUs is expanding because of rising connected device usage and an increase in cyberattacks on Internet of Things (IoT) devices. Furthermore, there's a growing need for silicon companies that produce microcontrollers (MCUs) to include security into Internet of Things devices. IoT devices are employed in a wide variety of industry sectors. Furthermore, IoT devices in the consumer sector include consumer internet and media devices such as smartphones, with the number of IoT devices predicted to expand in coming years.
Further, The automobile industry is swiftly transferring to electric powered and hybrid vehicles, in addition to incorporating superior motive force help structures (ADAS) and self-riding generation into everyday operations. Programmable microcontrollers are liable for controlling and handling all of the complicated electronics, sensors, and control systems required for those improvements and upgrades. The call for programmable microcontrollers with extra processing strength, superior capabilities, and electricity-green designs is growing as automobiles grow increasingly complicated and networked.
Segment Analysis
The global Programmable Microcontroller market has been segmented based on type, connector type, application and industry vertical.
Based on type, the market is segmented into 8-Bit Microcontrollers, 16-Bit Microcontroller, 32-Bit Microcontroller, 64-Bit Microcontrollers, and Others. The 64-Bit Microcontroller segment was attributed to holding the largest market share in 2023 with a market share of ~35.29% revenue as estimated by MRFR analysts.
Based on connector type, the global Programmable Microcontroller market has been segmented into peripheral interface microcontroller (PIC), AVR Microcontroller, ARM Microcontroller, Mixed Signal Processor (MSP) Microcontroller, General Purpose Microcontroller, Robotic Control Microcontroller, and others. The ARM Microcontroller segment was accounted for the largest market share in 2023.
Based on the application, the market is segmented into robotics, industrial automation, safety & security devices, home automation devices, electronic measurement instruments, motor control system, medical devices, communication system, and others. The industrial automation segment is projected to have the largest market share during the forecast period.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Programmable Microcontroller Market Research Report
Regional Analysis
The global Programmable Microcontroller market, based on region, has been divided into North America, Europe, Asia-Pacific, and Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe Programmable Microcontroller market comprises of UK Germany, France, Italy, and Rest of Europe. The Programmable Microcontroller market in Asia-Pacific has been segmented into China, Japan, South Korea, and the rest of Asia-Pacific.
The North American consists of US, Canada and Mexico and this is amongst one of the significant regions for programmable microcontrollers users as there are growing demand for high-end applications across various industry applications. For instance, 8-bit microcontrollers are being driven by hybrid and self-driving vehicles. North America has one of the world's largest car production centers. The region's economic expansion had an effect on the selling of passenger automobiles and trucks. According to the American Automotive Policy Council 2022, American automobile manufacturers extensively spending in research and development activities.
The demand for programmable microcontrollers in certain European countries, such as France, Italy, Germany, and the UK are due to large number of automotive manufacturers present in these countries. According to The European Automobile Manufacturers' Association (ACEA), EU car sales surged by almost 14% in 2023, with over 10.5 million new registrations. Battery-electric deals taken off by an amazing 37% and presently command near to a 15% advertise share. Additionally, the rising demand for domestic automation and control-related products and services is a significant factor driving market expansion. These factors include population growth, urbanization, and shifting buyer preferences.
The rising demand for programmable microcontrollers in a variety of sectors is driving the steady expansion of the Middle East and Africa (MEA) microcontroller market. The development factors remember the rising reception of programmable microcontrollers for autos, the interest for IoT and savvy gadgets, and the development of the shopper hardware industry. The car business in the Middle East depends on programmable microcontrollers for different applications. These include engine control, safety systems, infotainment, and more. In industries like assembling, oil and gas, and coordinated operations, programmable microcontrollers are used for process robotization, observation, and control. Mechanical progressions, industry-explicit prerequisites, and government drives are adding to a rising interest for programmable microcontrollers in the Center East. Programmable microcontrollers are popular because of customer gadgets like cell phones, tablets, and savvy home gadget. As the area continues to place assets into system and mechanical new development, the interest for programmable microcontrollers should extra augmentation.
Key Findings of the Study
- The global Programmable Microcontroller market is expected to reach USD 25,644.8 million by 2032, at a CAGR of 12.2% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market.
- Based on Type, the 64-Bit Microcontroller segment was attributed to holding the largest market in 2023, with an approximate market share of 35.29%.
- The key players in the market Texas Instruments, Microchip Technology Inc., Polou Robotics and Electronics, STMicroelectronics, NXP Semiconductors, Renesas Electronics, SEGGER Microcontroller Systems, ELENCE, Promik Trusted Solution, BPM Microsystems, Data I/O Corporation, Arduino, N-iX LTD.
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Companies Covered | 15 |
Pages | 128 |
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