The global microcontroller market size is expected to reach USD 47.16 billion by 2030, registering a CAGR of 11.0% from 2023 to 2030, according to this report. With the rise in healthcare expenditure worldwide, driven by an increasing prevalence of disorders such as immunodeficiency are growing in population, a growing percentage of the elderly, and the occurrence of diseases like diabetes and high blood pressure, there is a corresponding surge in the demand for electronic medical devices to measure sugar levels and blood pressure.
Manufacturers of medical devices are responding by introducing reliable and cost-effective equipment to the market. Microcontrollers play a critical role in various medical care devices, ensuring greater affordability and reliability. Devices such as blood pressure monitors and blood glucose meters incorporate a significant number of microcontrollers (MCUs). Consequently, the medical industry has a substantial demand for MCUs.
Prominent companies across various sectors such as telecommunications, consumer electronics, and automotive are placing significant emphasis on the integration of Artificial Intelligence (AI) into their products. One notable example is Qualcomm Technologies, Inc., which has made substantial investments in the research and development of on-device AI. This increased focus on AI has enabled the integration of machine learning capabilities in automobiles, smartphones, robots, and drones, thanks to advancements in computing power and enhanced AI algorithms.
On-device AI offers enhanced security and privacy protection as all data processing takes place offline and directly on the device. The AI industry is witnessing a notable shift towards embedded artificial intelligence. These cutting-edge advancements in AI and machine learning are opening up new avenues for the application of microcontrollers in various fields, including medical, smart cities, smart factories, IoT, and more. As a result, this development is expected to create growth opportunities for the market players.
Manufacturers of microcontrollers (MCUs) are actively developing innovative products and consistently delivering groundbreaking solutions. This trend creates opportunities for market growth. The interconnectedness of devices such as security systems, televisions, gaming consoles, home appliances, smart meters, tablets, and smartphones has driven significant advancements in microcontroller technology and is expected to drive the demand for IoT microcontrollers.
Many of these connected devices operate on batteries for extended periods without requiring replacement or maintenance, necessitating energy-efficient IoT end-node applications. The reduced costs of essential components like processors and sensors, combined with the increased utilization of wireless connectivity, have facilitated the development of intelligent products capable of seamless communication without human intervention.
Manufacturers of medical devices are responding by introducing reliable and cost-effective equipment to the market. Microcontrollers play a critical role in various medical care devices, ensuring greater affordability and reliability. Devices such as blood pressure monitors and blood glucose meters incorporate a significant number of microcontrollers (MCUs). Consequently, the medical industry has a substantial demand for MCUs.
Prominent companies across various sectors such as telecommunications, consumer electronics, and automotive are placing significant emphasis on the integration of Artificial Intelligence (AI) into their products. One notable example is Qualcomm Technologies, Inc., which has made substantial investments in the research and development of on-device AI. This increased focus on AI has enabled the integration of machine learning capabilities in automobiles, smartphones, robots, and drones, thanks to advancements in computing power and enhanced AI algorithms.
On-device AI offers enhanced security and privacy protection as all data processing takes place offline and directly on the device. The AI industry is witnessing a notable shift towards embedded artificial intelligence. These cutting-edge advancements in AI and machine learning are opening up new avenues for the application of microcontrollers in various fields, including medical, smart cities, smart factories, IoT, and more. As a result, this development is expected to create growth opportunities for the market players.
Manufacturers of microcontrollers (MCUs) are actively developing innovative products and consistently delivering groundbreaking solutions. This trend creates opportunities for market growth. The interconnectedness of devices such as security systems, televisions, gaming consoles, home appliances, smart meters, tablets, and smartphones has driven significant advancements in microcontroller technology and is expected to drive the demand for IoT microcontrollers.
Many of these connected devices operate on batteries for extended periods without requiring replacement or maintenance, necessitating energy-efficient IoT end-node applications. The reduced costs of essential components like processors and sensors, combined with the increased utilization of wireless connectivity, have facilitated the development of intelligent products capable of seamless communication without human intervention.
Microcontroller Market Report Highlights
- In November 2022, REE Automotive Ltd and Infineon Technologies AG established a partnership to collaborate on the development of the REE modular Electric Vehicle (EV) platform. This platform is specifically designed to be adaptable and highly versatile, serving as a fundamental base for various types of electric vehicles, such as commercial vans, robotaxis, and electric passenger shuttles
- The 32-Bit segment held the highest market share in 2022 and is expected to expand at a CAGR of 11.8% from 2023 to 2030
- The automotive segment is projected to grow at the highest CAGR over the forecast period
- India, China, and Japan are the main source markets for microcontrollers
- Some of the key players include NXP Semiconductors; Microchip Technology Inc.; Renesas Electronics Corporation; STMicroelectronics; and Infineon Technologies AG
Table of Contents
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Industry Outlook
Chapter 4 Microcontroller Market - Product Estimates and Trend Analysis
Chapter 5 Microcontroller Market - Application Estimates and Trend Analysis
Chapter 6 Microcontroller Market - Regional Estimates and Trend Analysis
Chapter 7 Microcontroller Market - Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Infineon Technologies AG
- Fujitsu Semiconductor Limited
- Microchip Technology Inc.
- NXP Semiconductors
- Renesas Electronics Corporation
- STMicroelectronics
- TE Connectivity Ltd.
- Texas Instruments Incorporated
- Toshiba Electronic Devices & Storage Corporation
- Yamaichi Electronics Co., Ltd.
- Zilog, Inc.
- Broadcom
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 119 |
| Published | June 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 20.61 Billion |
| Forecasted Market Value ( USD | $ 47.16 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
