Microcontroller Market Share 2019 Development, Trends, Demand and Forecast Till 2024
December 05, 2019
The global microcontroller market is driven by the healthcare sector, which utilizes the product in heart rate monitors, spirometers and other devices.
According to the latest report by IMARC Group, a market research company that offers management strategy and market research worldwide, titled, "Microcontroller Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", the market is expected to grow at a CAGR of around 7% during 2019-2024.
IMARC Group reports that demand for microcontrollers is growing within the global market. The healthcare sector utilizes microcontrollers in heart rate monitors, spirometers, and other devices. The automotive industry utilizes microcontrollers for operating accelerators, anti-lock brake interfaces, and advanced driver assistance systems (ADAS) in automobiles. Other factors, including the expansion of smart grid systems and the increasing trend of automation across manufacturing, retail, industrial, and military sectors, along with portable electronics that require greater processing speeds and higher functionalities, are projected to drive the market further.
Key Market Segmentation
Breakup by Product Type:
Breakup by Architecture:
Breakup by Memory:
Embedded Memory Microcontroller
External Memory Microcontroller
Breakup by Application:
Powertrain and Chassis
Safety and Security Systems
Infotainment and Telematics
Breakup by Region:
Middle East and Africa
The report has also examined the competitive landscape of global microcontroller market.
Key highlights of the report:
Porter's Five Forces Analysis
Market Drivers and Success Factors
Profiles of Key Players
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