The Business Research Company’s Microcontroller Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Microcontroller Global Market Report 2023 evaluates microcontroller market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global microcontroller market is expected to grow from $35,395.57 million in 2027 at a rate of 12.28%. The market is then expected to grow at a CAGR of 13.48% from 2027 and reach $66,617.75 million in 2032.
The increasing demand for consumer electronics will contribute to the growth of the microcontroller market. Many digital consumer products in everyday life, such as mobile phones/smartphones, digital cameras, televisions, washing machines, refrigerators and LED (light emitting diode) bulbs, use semiconductors. For example, according to the India Brand Equity Foundation, the Indian appliances and consumer electronics market was valued at $9.84 billion in 2021, and is projected to double to reach $21.18 billion by the end of 2025. Therefore, increasing demand for consumer electronics is expected to drive the microcontroller market going forward.
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The microcontroller market segments in the report are:
1) By Product Type: 8-Bit Microcontroller; 16-Bit Microcontroller; 32-Bit And Above Microcontroller
2) By Memory: Embedded Memory Microcontroller; External Memory Microcontroller
3) By Application: Automotive; Consumer Electronics And Telecommunication; Industrial; Medical Devices; Aerospace And Defence; Other Applications
4) By Architecture: AVR Architecture; PIC Architecture; ARM Architecture; Other Architecture
The table of contents in TBRC’s microcontroller market report includes:
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