“Increasing electronic penetration in automotive and aerospace is propelling the growth of microcontroller” says Visiongain report
16 July 2019
Visiongain has launched a new report Microcontroller Market Report: Forecasts by Product Type (8-bit, 16-bit, 32-bit), by Application (Automotive, Military & Defence, Consumer Electronics, and Industrial) and Geography (North America, Latin America, Asia Oceania, Europe, and Middle East & Africa).
Microcontroller is an electronic device that is used to control other hardware components of any device. Microcontroller products are centred around an ARM core in the case of 32-bit products and 8051 based core in the case of 8-bit products. It comprises integrated circuits (ICs), memory chips, and input & output devices. It is widely used in communication, retail, automotive, defense, aerospace, and other industries. The company offers microcontrollers for the automotive, industrial and multimarket industry. For instance, DAVE3, a component based auto code generation free tool, provides faster development of complex embedded projects.
Demand for smart grid systems is expected to drive microcontroller market growth over 2019-2029. These systems consist of digital communication and remote control facility, which in turn increases the demand of microcontrollers globally. However, economic slowdown in the industry is likely to pose challenges to industry participants.
The global microcontroller market is segmented based on product into 8-bit, 16-bit, and 32- bit. Based on Application sector, the microcontroller market is segmented into automotive, consumer electronics, industrial, medical devices, and military & defense.
Leading companies featured in the report who are developing Microcontroller are Cypress Semiconductor, Fujitsu Limited, Infineon Technologies AG, Microchip Technology, Inc., NXP Semiconductors, Renesas Electronics Corporation, ST Microelectronics, TE Connectivity, Texas Instruments, Inc., Yamaichi Electronics Co., Ltd., Panasonic Corporation., and Microchip Technology Inc.
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