DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Microcontroller Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The growing automotive industry and increasing smartphone proliferation are the key growth drivers for the global microcontroller market. Globally, the automotive industry has been witnessing a period of moderately strong growth as well as profitability. The annual sales have surpassed prerecession levels in some of the economies.
The ongoing technological advancements including vehicle connectivity, interactive safety systems, self-driving cars will change the global scenario in the near future. The automobiles though mechanical to its soul, will go digital world over the forecast period, thus leveraging the characteristics of microcontroller. This will drive the demand for microcontrollers over the forecast period.
The growing awareness among tech savy consumers are leading to smartphone proliferation across the globe. The sales of smartphone are driven by the demand for low cost smartphones in the developing economies and inexpensive 4G smartphones in emerging markets worldwide. The global smartphone market is increasing at a significant rate, with numbers varying from market-to-market basis. This will propel the demand for microcontrollers in the coming years.
The global microcontroller market is exhibiting consistent slashing of average selling prices of microcontroller. This trend is quite dominant in the 32-bit segment, because the suppliers are competing with each other and attempting their best to hit low price points as required for upcoming IoT applications. There is tremendous pressure on the suppliers to considerably lower the average selling prices on 32-bit microcontroller for IoT applications.
- Texas Instruments Incorporated
- Microchip Technology Inc.
- Silicon Laboratories
- Intel Corporation
- Renesas Electronics Corporation
- Maxim Integrated
- Fairchild Semiconductor
- Analog Devices, Inc.
- Samsung Electronics Co., Ltd.
Key Topics Covered:
1. Research Scope & Methodology
4.Global Microcontroller Market Size And Forecast (2012-2022)
5.Global Microcontroller Market, By Geography
7.Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/3l56t2/global