The Global Microcontroller embedded systems market Estimated to Observe Astounding CAGR Up to 2030: Market Insights by MRFR

Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Microcontroller Embedded Systems Market.

Market Analysis

The demand for microcontrollers has increased due to its significant role in the development of IT and semiconductor industry in recent times. Market reports related to microcontrollers embedded systems by Market Research Future aims to analyze the factors driving in the market growth, existing challenges, valuable insights, and regional distribution holding the market strongly. The global microcontrollers embedded systems market is estimated to observe astounding CAGR up to 2030.

Microcontrollers are small computers which include a core processor, memory, and some programmable input and output peripherals. These play a vital role in an embedded system widely used in most of the electronic products owing to the influences of low power consumption and low costs as these are integrated within a chip. The microcontrollers have been used productively in various electronic products making the microcontroller embedded system market to grow significantly in the years to come.

Factors Driving Market Growth

The broadening scope of electronic products having technology upgradation has raised the demand in the development of new products and solutions, hence, creating positive ways for microcontroller embedded system market to grow from a sluggish growth observed in the past years. The demand has led to open the avenues for new opportunities as the consumption percentage of electronic goods are increasing. The developments witnessed in microcontrollers embedded systems, the automotive market is the prime market as this industry has grown tremendously in the last decades, hence, boosting the demand for microcontroller embedded systems eventually.

Moreover, various industry verticals such as smartphones, automobiles, and healthcare are aiding market growth by incorporating touch0sensing capabilities in designs. Many microcontroller manufacturers are investing a good amount of share in the developments and setting applications to enhance the product accessibility, for instance, portable electronics such as cell phones, media players and gaming.

Despite productive use of microcontrollers embedded system in the automotive industry, the market share is the largest on account of increasing adoption of small-size electronic and electrical components in vehicles. Further, soaring uptake of sensing devices and technologically advanced infotainment systems is also estimated to drive the microcontroller embedded systems market with a confident pull.

In addition, the evolution of artificial intelligence also has set to receive a further fillip in the microcontroller embedded systems market creating a positive impact on the microcontroller embedded systems market with promising uptake by 2030.

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Segmental Analysis: Microcontroller Embedded Systems Market

The microcontroller embedded systems market is segmented by scale, type, and applications.

By scale, the market has been further segmented as small-scale embedded system, medium scale embedded system and large-scale embedded system.

By type, the market includes software and hardware.

By application, the market has been segmented as automotive, healthcare, telecommunication, consumer electronics, aerospace, and defense.

Regional Analysis

: Microcontroller Embedded Systems Market

The microcontroller embedded systems market has covered the regions of North America, Europe, Asia-Pacific and rest of the world.

Of these, currently North America is leading the market of microcontroller embedded systems market, and it is expected that the market will surge with a higher CAGR up to 2030.

Europe stands as the second largest market holder as it has developed countries such as Germany, France, and Italy having huge consumption rate of the microcontroller embedded systems. Whereas, Asia-Pacific has emerged as the fastest growing market in recent times and is expected to reach greater CAGR.

Market Key Players

The prominent players in the market of Microcontroller Embedded Systems Market are- Altera Corporation (US), Atmel Corporation (US), ARM Holdings (UK), Infineon Technologies (Germany), Freescale Semiconductor (US), Intel Corporation (US), Microsoft Corporation (US), Microchip Technology (US), Renesas Electronics Corporation (Japan), NXP Semiconductors (Netherlands) among others.

Industry News

February 2018: Secure Thingz, an expert in security for microcontrollers and embedded systems, collaborated with STMicroelectronics to build a secure manufacturing solution for the industry-leading STM32 microcontroller family, that provides best-in-class protection of connected, smart devices.

March 2018: Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, introduced on-chip flash memory microcontroller featuring advanced 28nm embedded flash technology to contribute to the realization of next-generation green cars and autonomous vehicles with higher efficiency and higher reliability.