Microcontroller market 2023-2027: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation

NEW YORK, Jan. 9, 2023 /PRNewswire/ — According to Technavio, the global microcontroller market size is estimated to grow by USD 6947.49 million from 2022 to 2027. The market is estimated to grow at a CAGR of 8.16% during the forecast period. APAC will account for 64% of the market’s growth during the forecast period.

Technavio has announced its latest market research report titled Global Microcontroller Market 2023-2027

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Global microcontroller market – Five forces

The global microcontroller (MCU) market is fragmented, and the five forces analysis covers–

  • Bargaining Power of Buyers

  • The threat of New Entrants

  • Threat of Rivalry

  • Bargaining Power of Suppliers

  • Threat of Substitutes

  • Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

Global microcontroller market – Parent market analysis

Technavio categorizes the global microcontroller market as part of the global semiconductor market within the overall global semiconductor and semiconductor equipment market. The parent global semiconductor market covers manufacturers of semiconductors and related products. Technavio defines semiconductor manufacturers as companies that are involved in the production of integrated circuits (ICs) such as memory, logic, analog, and micro components, optoelectronics, sensors, and discrete semiconductors.

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Global microcontroller market – Customer landscape

The report includes the market’s adoption lifecycle, from the innovator’s to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global microcontroller market – Segmentation assessment

Segment Overview

Technavio has segmented the market based on application (automotive, consumer devices, industrial, and others), product (32-bit microcontrollers, 8-bit microcontrollers, and 16-bit microcontrollers), and geography (APAC, Europe, North America, South Americaand Middle East and Africa).

  • The automotive segment will grow at the highest rate during the forecast period. Several industries are early adopters of advanced technologies. Due to the rising number of traffic accidents and strict international regulations on fuel efficiency and carbon dioxide and carbon monoxide emissions, automotive OEMs are incorporating advanced safety features like collision avoidance systems and blind-spot detection and alert systems into their vehicles. Furthermore, during the projection period, there will be a growth in demand for microcontrollers due to the ongoing advancement of autonomous driving as well as hybrid and electric vehicles.

Geography overview

By geography, the global microcontroller market is segmented into APAC, Europe, North America, South Americaand the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global microcontroller market.

  • APAC will account for 64% of the market’s growth during the forecast period. The greater concentration of OEMs and ODMs across industries, including consumer electronics, automotive, healthcare, industrial, and others, is the main reason why APAC dominates the worldwide microcontroller industry. APAC also serves as a hub for major semiconductor foundries, companies that outsource assembly and testing, and multinational technology firms that are engaged in the design, development, and production of semiconductor integrated circuits. Numerous leading businesses are putting their efforts towards expanding the number of manufacturing facilities in the area.

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Global microcontroller marketMarket dynamics

Key factors driving market growth

  • The increasing use of microcontrollers in automobiles is one of the major drivers of MCU market growth.

  • Microcontrollers are used in automobiles to control different electronic control unit (ECU) features such as seats, power windows, braking systems, safety systems, steering, taillights, and headlights. These functions allow cars to run efficiently.

  • Furthermore, the increasing demand for IoT and smart devices, and the growth of the consumer electronics industry will drive the market growth during the forecast period.

Leading trends influencing the market

  • The growing implementation of automation technologies across industries and the emergence of Industry 4.0 is one of the major trends in the MCU market growth.

  • Automation solutions are being implemented by industries to carry out their complicated manufacturing processes because they provide higher efficiency, predictive machine maintenance, enhanced safety, and increased profitability.

  • Moreover, adopting external flash memory for microcontrollers and developing edge computing will increase market growth during the forecast period.

Major challenges hindering market growth

  • The manufacturing challenge is one of the major challenges to the MCU market growth.

  • The complexity of applications and microcontroller designs has resulted in longer development cycles for producing microcontrollers. This happened due to the fabrication of microcontrollers integrating increasingly complicated parts, gadgets, peripherals, or software features.

  • In order to compete in the market, they increasingly need faster design-to-production and time-to-market cycles. Moreover, microcontroller vendors need to operate at economies of scale to achieve a low ASP and remain profitable and competitive.

  • Hence, microcontroller manufacturing defects can impact large quantities of end products. This leads to an increased cost of defective microcontroller manufacturing, which can impact microcontroller production during the forecast period.

Driver, Trend & Challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this microcontroller (MCU) market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the microcontroller (MCU) market between 2023 and 2027

  • Precise estimation of the size of the microcontroller (MCU) market and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the microcontroller (MCU) market across APAC, Europe, North America, South Americaand Middle East and Africa

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of microcontroller (MCU) market vendors

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Microcontroller Market Scope

Report Coverage

Details

Page number

177

Base year

2022

Historical period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.16%

Market growth 2023-2027

USD 6947.49 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.61

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 64%

Key countries

US, China, South Korea, Japan, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Analog Devices Inc., Arm Ltd., Arrow Electronics Inc., Fujitsu Ltd., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp, Panasonic Holdings Corp., Parallax Inc., Renesas Electronics Corp., ROHM Co. Ltd., Silicon Laboratories Inc., STMicroelectronics NV, TE Connectivity Ltd., Texas Instruments Inc., TOSHIBA CORP, Yamaichi Electronics Co. Ltd., and Zilog Inc.

Market dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Global Microcontroller Market 2023-2027

Global Microcontroller Market 2023-2027

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SOURCE Technavio

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