The Global Microcontroller Market is Projected to Register a CAGR of ~7% by 2023 - Increasing Use of Microcontrollers in Automobiles is Aiding Growth

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Dec 12, 2018, 18:30 ET

DUBLIN, Dec 12, 2018 /PRNewswire/ --

The "Global Microcontroller Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The microcontroller market is projected to register a CAGR of almost 7% by 2023.

The use of microcontrollers for edge computing purposes will increase with the rising deployment of edge computing in IoT networks. The processing and memory capabilities of microcontrollers improves the functioning of IoT networks. Processing operations are performed near the source of data generation in cloud computing.

The introduction of off the cloud machine learning have further increased the deployment of edge computing. The low cost of microcontrollers helps in deploying trained networks onto test applications. Hence, the development of edge computing will boost the growth of the microcontrollers market.

Increasing use of microcontrollers in automobiles

Microcontrollers enable efficient functioning of automobiles by controlling various ECU functions such as headlights, taillights, power windows, and braking systems. Several advanced features such as heads up display, advanced driver assistance systems (ADAS), and movie and sound systems are being added to automobiles. These features will require microcontrollers and MPUs for their efficient operation.

Moreover, various companies are investing in the development of autonomous cars. This will further boost the demand for microcontrollers in automobiles. Thus, the increasing use of microcontrollers in automobiles will drive the growth of the market during the forecast period.

Manufacturing challenge

The design and production phases of microcontroller manufacturing is getting more complex and critical due to the integration of complex devices, peripherals, and components. Vendors need to be extra careful during microcontroller manufacturing process to prevent bugs and fixing issues.

Due to this, production and profitability can be affected since defects found at the verification stage can be costlier than defects found at the designing stage. Large quantities of end-products can be affected due to defects in microcontroller manufacturing which, in turn, hampers the growth of microcontrollers market.

Key Players

Infineon Technologies
Microchip Technology
NXP Semiconductors
Renesas Electronics
STMicroelectronics

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

Market segmentation by product
Comparison by product
32-bit microcontrollers - Market size and forecast 2018-2023
8-bit microcontrollers - Market size and forecast 2018-2023
16-bit microcontrollers - Market size and forecast 2018-2023
Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

Market segmentation by application
Comparison by application
Automotive - Market size and forecast 2018-2023
Consumer devices - Market size and forecast 2018-2023
Industrial - Market size and forecast 2018-2023
Others - Market size and forecast 2018-2023
Market opportunity by application

PART 09: GEOGRAPHIC LANDSCAPE

Geographic comparison
APAC - Market size and forecast 2018-2023
EMEA - Market size and forecast 2018-2023
Americas - Market size and forecast 2018-2023
Key leading countries
Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 12: MARKET TRENDS

Development of edge computing
Adoption of external flash memory for microcontrollers
Growing implementation of automation technologies across the industries and the emergence of Industry 4.0

PART 13: VENDOR LANDSCAPE

Overview
Landscape disruption

PART 14: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
Infineon Technologies
Microchip Technology
NXP Semiconductors
Renesas Electronics
STMicroelectronics

For more information about this report visit https://www.researchandmarkets.com/research/zfvpxr/the_global?w=5

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