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Microcontroller Market Share, Growth, Key Players, Research and
Forecasts to 2020 | Hexa Research
“ Global microcontroller market is estimated to be valued at USD 26.9 billion
by 2020.”
Global microcontroller market is estimated to be valued at USD 26.9 billion by 2020, as per a new research
report by Hexa Research. Growing demand in key application areas such as automotive, consumer electronics
and healthcare is expected to boost industry growth over the forecast period. Price reduction and quality
enhancement may be achieved with the increasing deployment in healthcare industry. Moreover, increasing
consumer awareness regarding energy efficient hybrid electric vehicles is likely to favor growth prospects.
Proliferation of smart grid systems is expected to drive microcontroller market growth over the forecast
period. These systems consist of digital communication and remote control facility, which in turn increases
the demand of microcontrollers globally. However, economic slowdown in the industry is likely to pose
challenges to industry participants.
32 bit microcontroller was the leading product segment, with revenues reported at USD 6,658.1 million in
2013. Reduction in unit prices is responsible for the increase in demand. In addition, it is embedded in higher
processing capabilities devices which are also spurring the demand for this product segment. 16 bit
microcontroller was analyzed to be the second largest product segment and accounted for over 31% of the
total revenue in 2013, growing at an estimated CAGR of 7.1% from 2014 to 2020.
Browse Details of Report @ https://www.hexaresearch.com/research-report/microcontroller-industry
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