Industry Insight
A microcontroller (MCU) is a semiconductor IC used in numerous
embedded applications. A typical MCU chip includes core, processer
memory and programmable output/input peripherals. Microcontrollers are
cheaper and smaller than microprocessors, which makes it to control
numerous devices and processes digitally. They are used mainly in
devices that need a significant degree of control which are utilized by
the user.
Growing automotive industry is anticipated to be a major driver for
the market over the next five years. In addition, high degree of rivalry
in the industry has resulted in price cuts, which is anticipated to
further fuel the market growth. Industrial segment is also a key
contributor to the overall market. There is an increasing need for
agility and flexibility in the industrial ecosystem due to declining
product life-cycles.
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Increased innovative technical developments in consumer electronics
is expected to provide positive avenues to market growth over the
forecast period. MCUs are included in several consumer electronics
devices, which are projected to augment the MCU market growth.
Increasing demand for devices which are compatible with Ethernet and
Internet of Things (IoT) is also expected to provide positive avenues to
market growth over the foreseeable period. Growing demand for
microcontroller chips blended with wireless interface such as NFC,
ZigBee and Bluetooth is also anticipated to drive the market growth.
Furthermore, unfavorable macroeconomic conditions and moderately
fragmented nature of the industry are estimated to slow down the market
growth over the next five years. The global market was anticipated to be
17,393.64 million units in 2013, and is estimated to reach 39,108.54
million units by 2020, increasing at a CAGR of 12.34% from 2014 to 2020.
On the basis of revenue, the market was esteemed at USD 16,697.19
million in 2013 and is estimated to reach USD 26,984.81 million by 2020,
rising at a CAGR of 7.3% from 2014 to 2020.
Product Insights
Based on the thickness and width of the internal bus,
microcontrollers are classified into 16-bit, 32-bit, and 4/8-bit. 32-bit
MCU segment is ruled the market and accounted over 32% of the total
market revenue in 2013. The 32-bit microcontroller segment is also
estimated to grow at a fast pace over the forecasted period. Increasing
popularity due to decrease in unit prices is estimated to drive 32-bit
MCU market.
The 16-bit MCU product was the second major product segment covered
over 28% of the overall market revenue in 2013. They are used in various
applications requiring greater power and faster processing speed
requirements such as factory automation, medical applications,
automotive, refrigeration, and air conditioning among others.
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Application Insights
Application segments include consumer electronics, automotive,
industrial and other applications such as communications and computers.
Automotive is the leading application segment and valued for 31% of
market volume in 2013 and is also estimated to be the fastest growing
application segment over the foreseeable period. MCUs are used to attain
fuel efficiency and emission control in hybrid electric vehicles.
These vehicles offer an excess of environmental benefits and are
gaining reputation, as a result boosting the demand for microcontrollers
market. The industrial segment is the second major sector followed by
automotive segment in terms of revenue share in 2013. In this industrial
sector, microcontrollers allow feedback control mechanisms and
industrial automation to shore up advanced sensors.
Regional Insights
Asia Pacific was the largest market in 2013 and covered over 35% of
the market on basis of revenue as well as volume. It is also estimated
to show the maximum growth rate of 7.88% from 2014 to 2020. This can be
credited to growing demand for consumer electronics and automobiles in
this region. Outsourcing within this industry has also risen in the Asia
Pacific market, which results in decreasing price of 32-bit and 16-bit
chips.
Competitive Insights
Some key players operating in the global market include Microchip
Technology Inc., Renesas Electronics Corporation, Texas Instruments,
Dallas Semiconductor, Atmel Corp., Freescale Semiconductor, National
Semiconductor, Fujitsu Semiconductor, STMicroelectronics, Samsung
Semiconductor, Infineon Technologies, ZiLog, Silicon Labs, Fairchild
Semiconductor, Analog Devices, and Intel Corp. among others.
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About Us:
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host of key industries across the globe. We offer comprehensive business
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