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Microcontroller Socket Market Share

Report ID: GMI9816
Published Date: Jun 2024
Report Format: PDF

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Microcontroller Socket Market Share

3M Company and Tyco Electronics Ltd. hold an over 19.6% share in the microcontroller socket industry. 3M Company is known for its diverse range of innovative products. Leveraging its expertise in materials science and engineering, 3M offers high-quality socket solutions designed to meet the demanding requirements of modern electronics applications. With a focus on reliability, performance, and scalability, 3M's microcontroller sockets cater to a wide range of industries including automotive, consumer electronics, industrial automation, and telecommunications. The company's commitment to R&D ensures that its socket offerings align with evolving consumer needs, supporting advancements in microcontroller technology and enabling seamless integration into various electronic systems.

Tyco Electronics Ltd., a subsidiary of TE Connectivity, offers a wide range of high-quality socket solutions tailored to meet diverse industry needs. Leveraging its expertise in electrical connectivity and component manufacturing, Tyco Electronics specializes in designing and manufacturing reliable and efficient microcontroller sockets for various applications. The company's sockets are known for their durability, precision engineering, and compatibility with leading MCUs from major semiconductor manufacturers.

Microcontroller Socket Market Companies

Major players operating in the microcontroller socket industry are:

Plastronics Socket Company Inc.
Tyco Electronics Ltd.
Chupond Precision Co. Ltd.
Win Way Technology Co. Ltd.
3M Company
Enplas Corporation
Yamaichi Electronics Co. Ltd.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for microcontroller socket was valued at USD 1.4 billion in 2023 and is estimated to register over 5% between 2024 and 2032, driven by the increasing adoption of microcontrollers in various applications, such as automotive, consumer electronics, industrial automation, and healthcare.

The DIP segment of the microcontroller socket market held over 40% share in 2023 and will expand rapidly through 2032, as DIP sockets offer a straightforward and reliable means of connecting microcontrollers to printed circuit boards (PCBs) or other electronic components

Asia Pacific market accounted for over 20% share in 2023 and will expand rapidly through 2032, driven by the rapid industrialization and technological advancements.

Plastronics Socket Company Inc, Tyco Electronics Ltd, Chupond Precision Co. Ltd, Win Way Technology Co. Ltd, 3M Company, Enplas Corporation, and Yamaichi Electronics Co. Ltd. among others.