Try to surf the internet for microcontroller market research data, you'll end up finding huge number of reports with hardly any useful content and analysis, most of them are misleading they just want you to sell their report without openly disclosing any useful and analytical information. Being known to this industry and studying and reporting on microcontrollers from many years, we intend to save your time in finding at the least fairly good market research data (if not the best) on this key semiconductor product segment.
Microcontroller is nearly must use device in most of your electronic systems. The microcontroller market is growing stably over decades except for some not so sharp spikes of ups and downs occasionally. During this period of huge demand for semiconductor chips, microcontroller chips are also in short of supply due to the present Post-Covid health monitoring market, and growth of electrical vehicles, and IoT based smarthome and industrial automation applications growth. We foresee a not less than 10% annual growth in the microcontroller market for some more years. After going through various market research studies, we pinned down to one market researcher called Fortune business insights, whose report looks to be more accurate than others. However it is difficult conclude this researcher has provided accurate analysis, we can only say it is better than the others at this point of time of this article posting.
This researcher projects the microcontroller market to grow from US dollar 30.63 billion in 2021 to US dollar 51.13 billion in 2028, at a CAGR of 7.6%. Automotive Market is estimated to take a share of 40% in the total microcontroller market. Automotive and health monitoring are the fastest-growing markets.
Rise in average selling price is one of the major cause for the growth in revenue market. Due to the demand for semiconductor chips, the average selling price of microcontrollers continue to grow for some more time.
32-bit microcontrollers are growing 1.5 times faster than total microcontroller market. That means 16-bit is hardly growing, and 8-bit microcontrollers are no more growing, and so they are shrinking in the market size.
The key vendors in this market include:
Renesas Electronics, STMicroelectronics, Texas Instruments, NXP Semiconductor, Microchip Technology, Infineon Technologies, Silicon Laboratories, Cypress Semi, Nuvoton, Toshiba, Holtek Semiconductor
Artery Technology, Sino Wealth Electronic, GigaDevice, Sonix Technology, Qingdao, Eastsoft, Shanghai Sinomcu, Shenzhen Chipsea and Shanghai MindMotion.