Microcontrollers (MCU) Market is Expected to Expand at a CAGR of 46.1% from 2013 - 2019
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The report by Transparency Market Research (TMR), the global microcontrollers (MCU) market
has highly competitive landscape. Some of the key players in the market
are Fujitsu, Infineon Technologies, Freescale Semiconductor, Inc,
Renesas Electronics Corporation, and Texas Instruments. The industry
players are increasingly introducing improved and advanced
microcontroller-enabled technology in various industry sectors for
widening their customer base and to improve their product portfolio.
According
to a report by Transparency Market Research (TMR), the global
microcontrollers (MCU) market is expected to expand with a CAGR of 9.0%
from 2012 to 2018, to attain the value of US$28.49 bn in 2018 from
US$15.7 bn in 2011. The automotive industry accounted for the dominant
revenue share of 31.4% in the market in 2012. Region-wise, Asia Pacific
is dominating the global market followed by the EMEA. The cumulative
share accounted by both region is nearly 70.5% of the global market in
2012. Request Sample pages of premium Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=255
Extensive Applications in Automotive Industry to Drive Growth
The
swift growth of global automotive industry is expected to impact
positively on the growth of the microcontroller market. The availability
of smartphones, phablets, tablets, and other touchscreens are boosting
adoption of the MCUs which is likely to boost growth of the market.
Additionally, MCUs have extensive application in consumer electronics
such as microwave ovens, washing machines, and television. Furthermore,
increasing demand for healthcare equipment such as portable glucometers
and blood pressure monitors which uses microcontroller are also
considerably supporting for the growth of market for MCUs.
Awareness
regarding smart energy management, along with the latest technological
advancements, is key driver of the global microcontrollers (MCU) market.
A favorable regulatory initiations are supporting deployment of smart
grid systems which is likely to boost growth of the market. The
technology is chiefly used in smart cards for ensuring better safety to
electronic banking transactions and government IDs such as mass-transit
fares, security applications, passports, and medical records. Advent of Novel Features to Create Lucrative Opportunities
Despite
of these growth prospects, malfunctioning of microcontroller in extreme
climatic conditions such as extremely low and high temperatures are
limiting growth of the market. Nevertheless, microcontrollers are
manufactured as application-specific integrated circuits to be embedded
inside devices they control. They comprise memory, peripherals, and
processors coupled with the advent of the novel features such as GPS and
keyless entry, the demand for MCUs in the automotive industry is higher
than ever. This is creating lucrative opportunities for the growth in
the global market for microcontroller.
This information is
comprised in the new report by TMR, titled “Microcontrollers (MCU)
Market (Product - 8-bit, 16-bit, and 32-bit; Application - Automotive,
Computer, Industrial, Consumer Goods, and Communication) - Global
Industry Analysis, Size, Share, Growth and Forecast 2012 - 2018.” View exclusive Global strategic Business report: https://www.transparencymarketresearch.com/microcontrollers-market.html
Global microcontrollers (MCU) market has been segmented as: By Product:
8-bit
16-bit
32-bit
By Application:
Automotive
Computer
Industrial
Consumer Goods
Communication
By Geography:
North AmericaU.S.Canada
EuropeU.K.GermanyFranceSpainItalyRest of Europe
Asia PacificChinaJapanAustraliaIndiaRest of Asia Pacific
Latin AmericaBrazilMexicoRest of Latin America
Middle East & AfricaSouth AfricaSaudi ArabiaRest of Middle East & Africa
To understand geography trends, Download Sample Report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=255 About UsTransparency
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