Microcontroller Market (By Product: 8-bit, 16-bit, 32-bit; By Application: Automotive, Consumer Electronics & Telecom, Industrial, Medical Devices, Aerospace & Defense) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20222030

The global microcontroller market size was valued at USD 17.5 billion in 2020, and is predicted to be worth around USD 40.6 billion by 2030, registering a CAGR of 9.7% during the forecast period 2022 to 2030.

Growth Factors

Globally, more than 27 billion units of microcontrollers were shipped in 2021. The market growth is attributed to the increasing focus on automation and artificial intelligence across various verticals such as automotive and industrial. Increasing demand for embedded control systems in multifunctional devices such as vehicles, robots, medical devices, mobile radio, and residential appliances is also playing a principal role in the growth of the market.

The rising need for agility and flexibility in the industrial ecosystem due to the reducing product lifecycles is expected to spur growth further. The consumer electronics segment has witnessed significant growth owing to innovative technological developments such as wireless sensing and connectivity, automation, along with the emergence of IoT ecosystems in homes.

The increased demand for devices supporting Ethernet and the Internet of Things (IoT) is also expected to favorably impact the demand for microcontrollers over the forecast period. The demand for microcontroller chips integrated with wireless interfaces, such as ZigBee, microcontrollers, and Bluetooth, has witnessed a considerable rise. Furthermore, the rising need for wireless sensor-based networks for the controlling and monitoring of systems has enhanced the interest of companies in implementing a combination of low-cost systems.

Report Coverage

By Product Analysis

In terms of revenue, the 32-bit segment dominated the market with a share of over 40.0% in 2021. This large share is attributed to the increasing use of these MCUs for automotive applications and rapidly decreasing average selling prices.

The 32-bit technology simplifies the product design and lowers the material costs, and it has 32 pathways in parallel for data transmission. The developers select the controllers based on the processing capability required, the degree of interfacing needed, and power consumption. 

The automotive industry, owing to its specific requirements for the technologies, uses 16-bit and 32-bit microcontrollers on a large scale. The 32-bit segment is expected to expand at the highest CAGR from 2022 to 2030. 

32-bit MCUs have a higher processing power than their counterparts and consume less power. Furthermore, the increasing popularity of 32-bit MCUs owing to the decreasing unit price is expected to drive the segment further. 8-bit MCU is expected to witness slower growth in the years to come owing to processing speed, which generally runs at 8 MHz and does not have substantial internal Random-Access Memory (RAM).

By Application Analysis

The consumer electronics and telecom application segment held the largest revenue share of over 45.0% in 2021 and is expected to register the fastest CAGR from 2022 to 2030. This segment is driven by the miniaturization of consumer devices and the increasing adoption of consumer electronic products such as cameras, televisions, washing machines, and microwave ovens.

The automotive segment is expected to witness significant growth over the forecast period. This is attributed to the increasing demand for microcontrollers for enhanced car safety features, convenience functions, entertainment systems, and government edicts on emission control. 

By Regional Analysis

The Asia Pacific regional market held the largest revenue share of over 40.0% in 2021. It is also expected to expand at the fastest CAGR from 2022 to 2030. The proliferation of start-up business ventures in developing economies such as India that offer the essential microcontrollers service, along with the innovative add-on services and products such as insurance, GPS navigation, and entertainment systems, is contributing to the regional market growth.

North America held the second-largest revenue share in 2021. This is attributed to the prevailing large consumer base for tablets, smartphones, and other consumer electronics in the region.

The market in Europe is primarily driven by the presence of the major automotive and equipment manufacturers in the country. Luxury car manufacturers such as BMW, Mercedes-Benz, and Porsche have their manufacturing plants in Europe, which drives the demand for microcontrollers for the automotive application.

Key Players

• Infineon Technologies AG

• Microchip Technology Inc.

• NXP Semiconductor

• Renesas Electronics Corporation

• STMicroelectronics

• Texas Instruments Incorporated

Market Segmentation

• By Product 

  • 8-bit

  • 16-bit

  • 32-bit

• By Application 

  • Automotive

  • Consumer Electronics & Telecom

  • Industrial

  • Medical Devices

  • Aerospace & Defense

  • Others

• Regional 

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • South America

    • Brazil

  • Middle East & Africa (MEA)

The microcontroller market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of microcontroller market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global microcontroller market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the microcontroller market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted microcontroller market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the microcontroller capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of microcontroller by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global microcontroller market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major microcontroller market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of microcontroller market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the microcontroller industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

microcontroller market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to microcontroller market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of microcontroller market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new microcontroller market. These factors have benefited the growth of the global market for microcontroller. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for microcontroller. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of microcontroller are as follows:

• History Year: 2019-2020

• Base Year: 2021

• Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2019-2021) and forecast (2022-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.