DIP Product Segment Dominates Microcontroller Socket Market | Technavio

Technavio has published a new report on the global microcontroller socket market from 2017-2021. (Graphic: Business Wire)

LONDON--()--According to the latest market study released by Technavio, the global microcontroller socket market is expected to grow at a CAGR of more than 7% during the forecast period.

This research report titled ‘Global Microcontroller Socket Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

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The market research analysis categorizes the global microcontroller socket market into the following type of products:

  • DIP
  • BGA
  • QFP
  • Others

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The top three revenue-generating segments are discussed below:

Global microcontroller socket market by DIP

The growing demand for DIPs in ICs that are used in switches, networks, and displays will propel the growth of this market segment. The OEMs are developing smart features in automotive vehicles for convenience, entertainment, and safety, which can be configured by ICs. DIP sockets are easily replaceable and eliminate the safety risks of overheating during soldering. These products are also used with breadboards that are used for research application in universities and colleges for development and testing of ICs. The DIP segment in the microcontroller socket market occupied close to 34% of the total market share in 2016.

According to Jujhar Singh, a lead analyst at Technavio for embedded systems research, “DIP switches are used to set security codes on the door openers and in the cordless phones for better security. The vendors are developing DIPs in small circuit boards, which are called memory modules and that can be used in various electronic devices. Some companies are also developing encoder and decoder systems that are used for setting frequency in wireless transmitters and receivers.”

Global microcontroller socket market by BGA

In 2016, the ball grid array (BGA) segment in the microcontroller socket market accounted for around 26% of the total market share. BGA is a type of surface mount packaging, which is also used for ICs and can provide interconnection pins and lead to better performance at high speeds. BGAs provide the benefit of high conduction, high density, and low inductance leads. These sockets are soldered to the printed circuit boards, and the surface tension of the balls are kept aligned at the proper location on the circuit board. Consumer electronics devices use BGAs that allows the heat to flow freely in the heat dissipation and prevents overheating of the appliances.

“BGA sockets connect and control IoT devices such as smart locks, wearables, thermostats, and printers. The growing awareness of latest consumer products and the increasing adoption of digital devices will fuel the demand for these sockets in the global market. The development of BGA for connected device applications and high computational power will create new opportunities for vendors in the market,” says Jujhar.

Global microcontroller socket market by QFP

The QFP segment in the microcontroller socket market occupied around 21% of the total market share in 2016. QFP sockets find applications in processors, gate arrays, controllers, and SRAM and PC chipsets. These products are used in PCs, laptops, telephone, and in office automation and communication boards such as the Ethernet and integrated services digital network (ISDN) ports. The increasing R&D activities will provide an opportunity to develop new standards and boost the growth of this market segment.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • Microchip Technology
  • Renesas Electronics
  • STMicroelectronics
  • Texas Instruments

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global microcontroller socket market is set to grow at a CAGR of over 7% until 2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com