DUBLIN--(BUSINESS WIRE)--The "Global Microcontroller Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The microcontroller market is projected to register a CAGR of almost 7% by 2023.
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.
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.
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.
Market Trends
- Development of Edge Computing
- Adoption of External Flash Memory for Microcontrollers
- Growing Implementation of Automation Technologies Across the Industries and the Emergence of Industry 4.0
Key Players
- Infineon Technologies
- Microchip Technology
- NXP Semiconductors
- Renesas Electronics
- STMicroelectronics
Topics Covered
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Product
7. Customer Landscape
8. Market Segmentation by Application
9. Geographic Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/vpdmp4/global?w=4
