Microcontrollers (MCU) Market Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018
Albany, NY -- (SBWIRE) -- 08/07/2017 -- As per a recent study "Microcontrollers Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018" published by Transparency Market Research, the global demand for microcontrollers is expected to rise from 10.64 billion units in 2011 to 29 billion units by 2018. To achieve this, the market will register healthy growth, at a CAGR of 16.0%, from 2012 to 2018. The market that was valued at US$15.7 billion in 2011 in terms of revenue is expected to reach US$28.49 billion in 2018 which shall entail growth at a CAGR of 9.0% from 2012 to 2018.
Browse the full Global Microcontrollers (MCU) Market by Product (8-bit, 16-bit, 32-bit) - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/microcontrollers-market.html
Based on extensive study and in-depth analysis the study forecasts a steady rise in demand and growth traction to be witnessed by the global Microcontroller (MCU) market in the next five years. However, the report also states that the market operations might as well face occasional hindrances given the moderately fragmented nature of the industry and the sheer volume of operations carried out by participants vying for major share of market over the forecast period.
The TMR analysts observe that the rapid growth of automotive industry is expected to positively impact the global microcontroller market. The advent of smartphones, tablets, phablets and touchscreens have helped the market to garner a large user base. Consumer electronics like washing machines, microwave ovens and television also depend on microcontrollers for their operation. Additionally, increasing demand for healthcare equipments such as portable glucometers and blood pressure monitors that employ microcontroller will also considerably contribute to the market growth for MCUs.
The global microcontroller market has been segmented in terms of product type, application and geography. On basis of product type the market can be categorized into 8-bit, 16-bit and 32-bit, whereas in terms of application the market is segmented into automotive, industrial, consumer goods, computer and communications. Geographically the market is sub divided into North America, EMEA (Europe, Middle East and Africa), Asia Pacific and RoW (Rest of the World).
The global market for microcontroller is dominated by automotive industry that registered over 32% of the overall demand in 2011. The demand for MCU for industrial application is expected to reach 8.6 billion units by 2018. The demand for 32-bit MCU on the other hand is expected to grow at an impressive CAGR of 16.2% during the forecast period. However, it was the demand for 8-bit MCUs that dominated the market with over 40% penetration in the global market in 2011. According to the report, Asia Pacific emerged as a clear market leader by accounting for over 35% of global market share in the year 2011. Also, Asia Pacific is expected to register remarkable growth at a CAGR of 9.2% from 2012 to 2018.
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The report includes company profiles of key market players along with their business strategies. Fujitsu, Renesas Electronics Corporation, Infineon Technologies, Freescale Semiconductor, Inc, and Texas Instruments among others are the key players in the market.