The rapidly growing automotive industry is expected to drive the
microcontrollers market over the next five years. Hybrid electric
vehicles are gaining popularity due to the plethora of environmental
benefits they offer. This is estimated to result in increasing demand
for microcontrollers, which can be primarily attributed to the large
number of MCUs required for emission control and fuel efficiency in
these vehicles. Additionally, price cuts in the industry due to high
degree of competition are also expected to further market growth.
However, unfavorable macroeconomic conditions and the moderately
fragmented nature of the industry are expected to impede the market over
the forecast period.
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Besides automotive, the industrial segment is also a significant
contributor to the overall market. Decreasing product life-cycles has
resulted in growing need for agility and flexibility in the industrial
ecosystem. Microcontrollers enable industrial automation by supporting
extensive feedback control mechanisms, and advanced sensors among
others. 32-bit microcontrollers are increasingly becoming popular as a
direct consequence of reducing unit prices. These products are capable
of performing complex control operations and are embedded in products
that require higher processing capabilities.
The large number of participants in the market is expected to
affect the competitive landscape. With increasing competition driving
price cuts, industry players are forced to provide cost-efficient
low-power device in order to sustain their buyer base. In addition, weak
economic conditions are also expected to decelerate market growth.
This report forecasts the global microcontrollers market on the
basis of the product type and target application. The market has also
been segmented on the basis of geography, which includes North America,
EMEA (Europe, the Middle East, and Africa), Asia Pacific, and RoW (Rest
of the World).
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Hemendra Pratap
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
sales@IndustryMonitor.co
Website: http://www.industrymonitor.co/
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