Rising awareness for smart energy management, coupled with enhancement in technology is
expected to act as a driving force for the microcontroller (MCU) market. Growing demand from enduse industries such as consumer electronics and automotive is expected to positively impact market
growth. Compared to microprocessors, microcontrollers are cheaper and compact in size, which
makes them economical to process digitally. High degree of competition in the market has led to
price reduction, which is expected to further boost market growth.
Declining microcontroller prices coupled with advent of Internet of Things (IoT) is expected to
positively impact the microcontroller market. Consumer electronics market has also exhibited
significant growth in terms of MCU device incorporation, which is expected to augment
microcontroller market growth in the near future. Advancements such as microcontrollers integrated
with ZigBee, Bluetooth and NFC (near-field communication) wireless interfaces is expected to boost
the market. Medical electronics is also a crucial contributor to overall microcontroller market growth.
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Global microcontroller demand is estimated to reach 39.11 billion units by 2020. The fragmented
nature and unfavorable macroeconomic conditions of the industry could pose a challenge to market
growth over the next six years. Increasing penetration of smart grid systems in MCU systems is the
key opportunity for the market.
Microcontroller products are classified on the basis of internal bus width into three categories, which
include 32-bit MCU, 16-bit MCU and 4/8-bit MCU. 32-bit MCU dominated the market in terms of
revenue in 2013, accounting for close to 30% of the market share. In terms of volume, this segment
is estimated to exhibit high growth with a CAGR of 13.0% from...