USD 19.90 Billion
Microcontroller Market Size, Share, Growth Analysis, By Product(8-Bit, 16-Bit, 32-Bit, and 64-Bit), By Type(Peripheral Interface Controller (PIC), ARM, TriCore, and Others), By Architecture(Harvard Architecture, Von Neumann Architecture, and Others), By Instruction Set(Reduced Instruction Set Computer (RISC), and Complex Instruction Set Computer (CISC)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2092 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
65
|Figures:
75
Microcontroller Market Insights
Microcontroller Market size was valued at USD 22.15 billion in 2022 and is poised to grow from USD 24.6 billion in 2023 to USD 58.05 billion by 2031, growing at a CAGR of 11.3% during the forecast period (2024-2031).
Microcontroller market is a dynamic sector belonging to the electronics industry, fueled by the growing demand in different sectors and technological developments in semiconductor technology. The market is considerably driven by factors like the growing demand for IoT devices, growth of automotive industry, and expansion of consumer electronics industry. The increased proliferation of IoT uses in smart homes, smart devices, and industrial automation is remarkably fueling the demand for microcontrollers that allow data processing and connectivity. Also, the growing inclination towards the use of ADAS or advanced driver assisted systems, and electric vehicles demand advanced microcontrollers for efficient management of diverse functions, thus improving performance and safety. The market growth is also propelled by the rising consumer demand for numerous smart gadgets like home automation devices and wearable devices that are equipped with microcontrollers.
Nevertheless, the market is negatively impacted by the intensifying competition and complex development process. The microcontroller market is witnessing robust competition with numerous players aiming to register a substantial market share. This may result in reduced profit margins and price wars. The market is also hampered by the time-consuming and complex integration and development of microcontrollers in systems. Despite these limitations, the market is anticipated to progress on the back of opportunities like speedy industrialization, increasing adoption of technology, and mounting demand for smart agriculture.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
8-Bit
Fastest Growth
8-Bit
Growth Rate
11.3% CAGR
Global Microcontroller Market ($ Bn)
Country Share for Asia-Pacific Region (%)
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Microcontroller Market Segmental Analysis
Global Microcontroller Market is segmented by product, type, Architecture, Instruction Set, and region. Based on product, the market is segmented into 8-Bit, 16-Bit, 32-Bit, and 64-Bit. Based on Type, the market is segmented into Peripheral Interface Controller (PIC), ARM, TriCore, and Others. Based on Architecture, the market is segmented into Harvard Architecture, Von Neumann Architecture, and Others. Based on Instruction Set, the market is segmented into Reduced Instruction Set Computer (RISC), and Complex Instruction Set Computer (CISC). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Global Microcontroller Market Analysis by Architecture
Based on architecture, the microcontroller market is categorized into harvard architecture, Von Neumann architecture, and others. The Von Neumann architecture segment held a notable market share in 2023 and is projected to continue dominance in future as well owing to efficiency and simplicity, cost-efficiency, and expanded adoption. The Von Neumann architecture presents a unified memory structure for instructions and data, reducing programming complexity and streamlining the design. This form of architecture needs lesser components, increasing its cost-effectiveness and increasing its prominence in broader applications, mainly in electronics. Several prominent microcontrollers are reliant on this model, resulting in its prominence among manufacturers and a strong network of libraries, tools, and support.
On the other hand, the harvard architecture segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to specialization, increased security, and efficacy in utilization of resources. This architecture can be maximized for certain or dedicated tasks. This increases their applications and makes them suitable for fast processing, including embedded systems and digital signal processing. The separation of instruction and data memory can notably improve security by decreasing some forms of attacks. This increases its attraction for sensitive use cases. Harvard architecture uses different memory forms, thus enhancing performance depending on certain application needs.
Global Microcontroller Market Analysis by Instruction Set
Based on instruction set, the market is segmented into Reduced Instruction Set Computer (RISC) and Complex Instruction Set Computer (CISC). The Reduced Instruction Set Computer (RISC) segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to efficiency and simplicity, high performance, and low-power consumption. RISC architecture presents small and highly optimized instruction sets, allowing faster execution and easy decoding that enhances performance. The simplified instruction set enables higher clock speed and efficient use of pipeline methods. This results in improved performance for uses that need speedy processing. These designs are comparatively more energy-efficient, increasing their suitability for portable and battery-operated devices.
On the other hand, the Complex Instruction Set Computer (CISC) segment will hold a remarkable market share in the coming years owing to the said architecture offering numerous instructions that can effectively perform complicated operations in just one instruction. This reduces the amount of instructions needed for special tasks. By utilizing more than one complex instructions, these architectures may substantially decrease the program size, which is important for applications with less memory resources. Moreover, the availability of high-level instruction notably streamlines programming. This helps developers to write more efficient codes with no deep or comprehensive hardware knowledge. These factors are projected to boost the growth of the said segment.
Global Microcontroller Market Size By Architecture
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Microcontroller Market Regional Insights
Region-wise, Asia-Pacific dominated the market in the previous years and is expected to lead over the forecast period owing to the growing government support, skilled workforce, and increasing innovations and research and development. Several governments in the region are encouraging the electronics and semiconductor industries via incentives. This drives investments and growth of the market in the region. A large population of technical talent and engineers is aiding the manufacturing and development of improved microcontroller technologies. Several prominent microcontroller companies like Renesas, and NXP are heavily investing in research and development, impacting technological developments. The key players profiled in the region include NXP Semiconductors, STMicroelectronics, Renesas Electronics, Microchip Technology, Infineon Technologies, and more.
North America is the fastest-growing region in the global microcontroller market due to technological advancements, robust research and development, and diverse applications. The region is home to numerous leading semiconductor companies, including Microchip Technology, Texas Instruments, and more, impacting the development of advanced microcontrollers. Major investments are witnessed in research and development that fuels product innovations and superior technologies. Also, the growing need for microcontrollers in diverse sectors, including automotive, industrial automation, and aerospace is driving the market growth in the region. The market is further propelled by mounting demand for consumer electronics, multiple automotive technologies, IoT devices, and more, considerably impacting the demand for microcontrollers.
Global Microcontroller Market Size By Geography
- Largest
- Fastest
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Microcontroller Market Dynamics
Global Microcontroller Market Drivers
Heavy Demand for Automotive Electronics
- The automotive industry is witnessing major transformation due to the growth of electric vehicles and advanced driver assisted systems. In these technologies, microcontrollers play a crucial role in effectively managing functions of vehicles, improving safety and aiding infotainment systems. The rising intricacies of automotive electronics is notably driving the demand for developed microcontrollers.
Growing Use of Embedded Systems
- The broader use of embedded systems in different applications, comprising medical devices, appliances, and telecommunications is considerably driving the demand for microcontrollers. They also offer enhanced processing capabilities required for embedded applications, increasing their significance in components in advanced modern electronic systems. These embedded systems are majorly driving the demand for microcontrollers.
Restraints
Complex Development Processes
- Integrating and developing microcontrollers in systems may be challenging and need proficiency and expertise. Lack of such skills and required knowledge may hamper the growth of the market. The complexity may impede most producers and manufacturers from adopting novel technologies. This could slow down the adoption of microcontrollers and restrain the growth of the market. Businesses may continue using their existing solutions instead of investing in the fresh ones.
Lack of Expertise and Awareness
- In most regions, the awareness for microcontrollers may be low and hence the capabilities and applications may also be limited. The market growth may also be impacted by the lack of skilled workforce, which may also hinder the growth of the market. In most regions, this may hamper the growth of the market, mainly the progressing economies, wherein companies may not fully be familiar with the advantages of integrating microcontrollers in products.
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Microcontroller Market Competitive Landscape
The competitive landscape of the global microcontroller market features numerous leading and progressing players. The prominent players in the market like NXP Semiconductors, STMicroelectronics, Microchip Technology, and Texas Instruments are emphasizing delivering products and solutions to industrial, automotive, IoT applications, and consumer electronics. They are also engaged in increasing their product line expand their market reach. A few prominent growth strategies adopted by the players include acquisition and mergers, innovations, and delivering products with customizations. Businesses are also focusing on discovering fresh opportunities with the growing demand for consumer electronics.
Top Player’s Company Profiles in Global Microcontroller Market
- Texas Instruments, Inc.
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Microchip Technology Inc.
- STMicroelectronics
- Infineon Technologies AG
- Cypress Semiconductor Corporation
- Silicon Laboratories Inc.
- Analog Devices, Inc.
- Maxim Integrated
- ON Semiconductor
- Toshiba Corporation
- Fujitsu Limited
- ROHM Semiconductor
- Microsemi Corporation
- Marvell Technology Group Ltd.
- Xilinx, Inc.
- Arm Limited
- Nordic Semiconductor ASA
Global Microcontroller Market Recent Developments
- In July 2024, Microchip Technology is increasing its computing range to cater to the growing demands of the modern world’s embedded designs. The company is aiming to make itself the sole vendor or solution provider of MPUs by designing the PIC64 family to aid a broader market that needs application class and real-time processing.
- In January 2024, NXP Semiconductors announced the introduction of MCX A15x and MCX A14x, the pioneer products belonging to the family of All-purpose MCX product line A series. They are carefully designed to enable engineers to perform more since they can be easily used, are cost-efficient, and hold smaller footprints. They are embedded with vital features like software compatibility innovative power architecture needed in multiple applications.
- In March 2023, Texas Instruments unveiled its new product collection, named ‘MSPM0 microcontrollers series that resent MSPM0G and MSPM0L sub-series. The MSPM0G sub-series are equipped with 80 MHz CPU, up to 32 kB SRAM and 128 kB of flash memory, while the MSPM0L sub-series is embedded with a 32 MHz CPU, up to 4 kB SRAM, and 64 kB of flash memory. These affordable microcontrollers offer a broader range of features ideal for diverse use cases.
Microcontroller Key Market Trends
- Growing Use of IoT Functionality: With the increasing use and progress of IoT, microcontrollers are currently being designed with in-built connectivity options, including Bluetooth, Wi-Fi, and Zigbee. This trend enables unified and unbroken integration in smart devices and allows efficient remote monitoring, data exchange, and control. This is crucial for application in healthcare, smart homes, and most industrial automation.
- Energy Efficiency and Low Consumption of Power: There is a rising focus on the development of microcontrollers that are energy-efficient or consumer less power. On a large scale, these devices are being emphasized since they intake less power to increase their battery life in portable systems and decrease power costs in stationary use applications. Energy-efficient microcontrollers are especially useful in IoT applications, wherein devices mostly run on battery.
Microcontroller Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the microcontroller market is considerably progressing due to mounting demand for IoT devices in healthcare and smart homes, speedy and consistent growth of the automotive sector, and rising demand for consumer gadgets like wearable devices. However, the market is restrained by disturbances in supply chain, mainly for the semiconductor devices, impacting the availability and delayed production. Asia-Pacific is projected to lead the market due to the progressing manufacturing hub, rising demand for electronics, segmented demand for consumer electronics, and number of innovations and research and developments. The market in the region is also fueled by several technological developments from key nations like China and Japan. Nonetheless, a few opportunities for the growth of the microcontroller market include growing expansion in healthcare applications, development of machine learning and artificial intelligence, and emphasis on eco-friendly technologies and energy-efficiency.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 22.15 billion |
| Market size value in 2031 | USD 58.05 billion |
| Growth Rate | 11.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Microcontroller Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Microcontroller Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Microcontroller Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microcontroller Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microcontroller Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microcontroller Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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