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Microcontroller Market Share

Report ID: GMI4906
Published Date: Jan 2021
Report Format: PDF

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Microcontroller Market Share

Key players operating in the microcontroller market are:

NXP Semiconductors N.V.
Texas Instruments Incorporated
Microchip Technology, Inc
Infineon Technologies AG
Renesas Electronics Corporation
STMicroelectronics N.V

Companies are extensively focusing on new product development strategies to stay competitive in the market. These market players are emphasizing on developing application specific MCUs to increase their share among competitors. For instance, in October 2020, Infineon Technologies AG launched Traveo, a 32-bit automotive-grade MCU family. The new MCU product line addresses a broad variety of automotive applications including body control units, windows, sunroofs, doors, seat control units, and wireless charging units.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The global market for microcontrollers was valued at USD 15 billion in 2020 and is estimated to grow at a robust 6.5% CAGThe global market for microcontrollers was valued at USD 15 billion in 2020 and is estimated to grow at a robust 6.5% CAGR up to 2027. R up to 2027.

The 32-bit microcontrollers captured 40% of the market share in 2020 and their demand will grow at an 8% CAGR through 2027 on account of benefits such as high scalability and low power consumption.

Automotive applications accounted for around 35% industry share in terms of revenue during 2020 and will grow at a healthy 10% CAGR through 2027.

The North America market held a 15% revenue share during 2020 and is likely to grow substantially by 2027 with growing R&D in surveillance and combat drones.