Global Microcontroller Market 2019-2023

Global Microcontroller Market 2019-2023

  • November 2018 •
  • 131 pages •
  • Report ID: 289804
About this market
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. Technavio’s analysts have predicted that the microcontroller market will register a CAGR of almost 7% by 2023.

Market Overview
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.

For the detailed list of factors that will drive and challenge the growth of the microcontroller market during 2019-2023, view our report.

Competitive Landscape
The market appears to be moderately concentrated and with the presence of companies such as Infineon Technologies, and Microchip Technology the competitive environment is intense. Factors such as the increasing use of microcontrollers in automobiles, will provide considerable growth opportunities to microcontroller companies. Infineon Technologies, Microchip Technology, NXP Semiconductors, Renesas Electronics, and STMicroelectronics are some of the major companies covered in this report.