USD 8.38 billion
Microcontroller Units (MCUs) Market Size, Share, Growth Analysis, By Product(8-Bit, 16-Bit, 32-Bit), By Application(Automotive, Consumer Electronics & Telecom, Industrial, Medical Devices), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2078 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
66
|Figures:
75
Microcontroller Units (MCUs) Market Insights
Microcontroller Units (MCUs) Market size was valued at USD 10.39 billion in 2022 and is poised to grow from USD 12.88 billion in 2023 to USD 72.2 billion by 2031, growing at a CAGR of 24.04% during the forecast period (2024-2031).
The Global Microcontroller Units (MCUs) Market is expected to grow significantly during the course of the forecast period as a result of expanding smart grid system adoption as well as expanding demand from the healthcare and automotive sectors. Healthcare costs are rising as immunodeficiency diseases become more prevalent globally. Age-related illnesses like diabetes and high blood pressure are becoming increasingly prevalent, as is the number of senior persons. Thus, there is a growing need for electronic medical equipment to measure blood pressure and sugar levels. Medical device manufacturers are introducing reliable and affordable medical equipment. Microcontroller Units are crucial components for achieving better dependability and affordability in medical care devices.
Energy-efficient IoT end-node applications are necessary for many connected devices that can run for months or even years on batteries without requiring maintenance or battery replacement. The emergence of intelligent items that can communicate with one other without human involvement is a result of the falling costs of parts like CPUs and sensors as well as the expanding use of wireless communication.
The top businesses in a variety of industries, including telecommunications, consumer electronics, and automotive, are putting a lot of effort into developing products that use artificial intelligence. For instance, Qualcomm Technologies, Inc. has invested a lot of money in the research and development of on-device AI.
Due to increased computer power and enhanced AI algorithms, the integration of machine learning in cars, smartphones, robotics, and drones is now feasible.
On-device Due to the fact that all processing is done locally on the device and offline, AI offers improved security and privacy protection. The artificial intelligence sector is seeing a change in favor of embedded AI. These cutting-edge advancements in AI and machine learning are opening up new possibilities for the use of Microcontroller Units in a variety of industries, including healthcare, smart cities, smart factories, IoT, and others. The companies in the microcontroller market can expect growth prospects as a result of this.
US Microcontroller Units (MCUs) Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
32-Bit
Fastest Growth
32-Bit
Growth Rate
24.04% CAGR
Global Microcontroller Units (MCUs) Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Microcontroller Units (MCUs) Market Segmental Analysis
Global Microcontroller Units (MCUs) Market is segmented based on product, application, and region. Based on product, the market is segmented into 8-Bit, 16-Bit, and 32-Bit. With respect to application, the market is segmented into automotive, consumer electronics & Telecom, industrial, medical devices, aerospace & defense, and others. Regionally, the global microcontroller units (MCUs) market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Microcontroller Units (MCUs) Market Analysis by Product
The market is divided into three product categories: 8-Bit, 16-Bit, and 32-Bit. In 2022, the 32-bit market dominated the others, garnering a 49.6% sales share. The market is anticipated to develop at the fastest CAGR of around 11.0% during the forecast period. It frequently has a large memory capacity (up to several megabytes) and a full complement of cutting-edge peripherals, such as quick analogue to digital converters (ADCs), digital signal processors (DSPs), and cutting-edge communication interfaces like gigabit Ethernet, USB 3.0, and CAN bus.
Due to their massive processor and memory capacity, 32-bit Microcontroller Units are the best option for applications demanding high-performance computing, real-time data processing, and sophisticated control systems. They are frequently employed in demanding applications such as those in the aerospace, robotics, automotive, and other industries that need high levels of dependability, accuracy, and scalability.
Global Microcontroller Units (MCUs) Market Analysis by Application
Based on application, the market is segmented into electronics for consumers & telecom, automobiles, medical equipment, industrial, aerospace & military, and others. The consumer electronics & telecom category, which had a market share of 32.6% in 2022 and experienced a CAGR of 11.7% over the projection period, led the entire market. Due to their capacity to process data, control functions, and communicate with other devices, Microcontroller Units are used in consumer electronics and telecom applications.
The automotive sector is expected to experience the fastest growth, expanding at a CAGR of 12.6% over the course of the projected period. Electronic components known as Microcontroller Units are frequently utilized to manage and control a number of systems in autos. For real-time data processing and control in embedded systems, these integrated circuits are small and low-power.
Global Microcontroller Units (MCUs) Market By Product 2022 (%)
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Microcontroller Units (MCUs) Market Regional Insights
Asia Pacific led the market in 2022 with a 58.1% market share. There are sizable and diverse electronics industries in China, Japan, South Korea, India, Taiwan, and other countries in the region. One of the greatest markets for Microcontroller Units in the Asia Pacific region, notably in countries like China, South Korea, and Japan, is the automotive industry.
North America is projected to expand at a noteworthy CAGR of 10.7% over the course of the forecast period. One of the main factors driving the growth of the microcontroller market in North America is the increasing need for smart and connected devices. IoT technologies, which connect everyday objects to the internet and enable them to communicate and exchange data, are being developed at a rapid pace in the area.
Global Microcontroller Units (MCUs) Market By Geography, 2022-2030
- Largest
- Fastest
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Microcontroller Units (MCUs) Market Dynamics
Global Microcontroller Units (MCUs) Market Drivers
Increasing Demand for Automation and IoT Devices
- The demand for automation and IoT devices has increased significantly in recent years, and MCUs are essential components for these devices. This has driven the growth of the MCU market.
Global Microcontroller Units (MCUs) Market Restraints
High Development Costs
- Developing MCUs requires significant investments in research and development, and the costs can be quite high. This can be a barrier for small and medium-sized companies to enter the market.
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Microcontroller Units (MCUs) Market Competitive Landscape
The competition is likely to become fierce in the coming years because there are numerous enterprises present and new players are making entry at a rapid pace. Due to heavy investments from big competitors on R&D initiatives to incorporate cutting-edge technologies in Microcontroller Units, the competition between these companies has intensified. To outperform their competitors and take a sizable chunk of the market, these firms are putting a premium on partnerships and teamwork. Infineon Technologies AG and REE Automotive Ltd., a business that specializes in automotive technology, partnered in November 2022 to create the REE modular Electric Vehicle (EV) platform. Robotaxis, commercial vans, and electric passenger shuttles are just a few of the many electric vehicle types that can be built on this platform's flexible and adaptable design. To outperform their competitors and take a sizable chunk of the market, these firms are putting a premium on partnerships and teamwork. Infineon Technologies AG and REE Automotive Ltd., a business that specializes in automotive technology, partnered in November 2022 to create the REE modular Electric Vehicle (EV) platform. Robotaxis, commercial vans, and electric passenger shuttles are just a few of the many electric vehicle types that can be built on this platform's flexible and adaptable design.
Top Player’s Company Profiles in Global Microcontroller Units (MCUs) Market
- NXP Semiconductors
- Infineon Technologies
- Texas Instruments
- STMicroelectronics
- Renesas Electronics
- Cypress Semiconductor
- Microchip Technology
- Analog Devices
- ON Semiconductor
- Silicon Laboratories
- Maxim Integrated
- Fujitsu Semiconductor
- Toshiba Corporation
- ARM Holdings
- Intel Corporation
- Atmel Corporation
- Nordic Semiconductor
- Atmel Corporation
- Samsung Electronics
- MediaTek
Global Microcontroller Units (MCUs) Market Recent Developments
- In December 2022, Renesas Electronics Corporation and Fixstars Corporation announced their partnership in the creation of a set of tools for the rapid simulation and optimization of software for the R-Car system-on-chip (SoC) from Renesas was designed specifically for autonomous driving (AD) and advanced driver assistance systems (ADAS).
- In November 2022, the first devices in the new MCX microcontroller portfolio's N series, the MCX N94x and MCX N54x, were unveiled by NXP Semiconductors. Designing secure intelligent edge applications, such as Internet of Things and industrial applications, is made easier with the MCX N. A built-in EdgeLock security component is also included, as well as the first instance of NXP's unique Neural Processing Unit (NPU).
Microcontroller Units (MCUs) Key Market Trends
- Increasing adoption of IoT devices: The Internet of Things (IoT) is driving the demand for MCUs as they are essential components for IoT devices. MCUs enable the devices to communicate with each other and perform various functions such as sensing and control.
- Growing demand for automotive applications: MCUs are used in various automotive applications such as powertrain control, driver assistance systems, and infotainment systems. The growing demand for electric and hybrid vehicles is driving the growth of the MCU market.
- Advancements in technology: The advancements in technology are leading to the development of more powerful and efficient MCUs that can perform complex tasks. The development of new technologies such as artificial intelligence (AI) and machine learning (ML) is driving the demand for more powerful MCUs.
- Increased focus on security: As MCUs are used in various critical applications such as automotive and healthcare, there is an increased focus on security. Companies are developing MCUs with advanced security features such as encryption and authentication to ensure the security of their products.
Microcontroller Units (MCUs) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Microcontroller Units (MCUs)market is the market that is expected to grow over the course of the forecast period as a result of expanding smart grid system adoption as well as expanding demand from the healthcare and automotive sectors. Healthcare costs are rising as immunodeficiency diseases become more prevalent globally. Age-related illnesses like diabetes and high blood pressure are becoming increasingly prevalent, as is the number of senior persons. Thus, there is a growing need for electronic medical equipment to measure blood pressure and sugar levels. Medical device manufacturers are introducing reliable and affordable medical equipment.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.38 billion |
| Market size value in 2031 | USD 58.25 billion |
| Growth Rate | 24.04% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 |
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| 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 Units (MCUs) 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 Units (MCUs) 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 Units (MCUs) 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 Units (MCUs) 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 Units (MCUs) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microcontroller Units (MCUs) 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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