San Francisco, July 07, 2016 (GLOBE NEWSWIRE) — A microcontroller or microcontroller unit (MCU) is a chip which consists of cores, processors, programmable I/O peripherals, and memory storage. It is a major component of products which require automation. Their advantage over microprocessors makes it economically viable to mass-manufacture easily.
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The microcontroller market is poised to grow at a 6% CAGR over the forecast period (2013-2018). Adoption by the automotive industry as well as its demand in hybrid and electric vehicles is driving the market. The development period to manufacture microcontrollers poses a market challenge.
Developments in Internet of Things (IoT) applications are expected to surge the market demand. Adoption of connected cars in Asia Pacific is also estimated to fuel demand.
The global market is segmented on the basis of products, applications, and regions. Products encompassed within the market are available in 4/8-bit, 16 bit, and 32 bit chips.
32-bit chips are touted to lead the microcontroller market over the next five years. These chips provide peripheral integration, communication interface, great on-chip memory, and high performance.
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16-bit chips are used across applications such as medical applications, refrigeration, air conditioning, automotive, and factory automation. 4/8-bit chips will reportedly face a sales decline and be likely replaced by 16-bit chips in the near future.
Consumer electronics, automotive, industrial, and others constitute as major market applications. Other applications include communications and computers. Consumer electronics is the fastest
growing segment by relying on IoT technology. It can improve energy efficiency levels by tracking data usage and reducing the energy output when the device stays idle.
Strict regulations regarding emission have forced automotive manufacturers to rely on hybrid and electric vehicles. Automotive segment is likely to exhibit a robust growth rate by manufacturing energy-efficient vehicles. Industrial segment will grow by utilizing HMI terminals to automate processes.
Asia Pacific is likely to lead the microcontroller market on account of the thriving automotive and consumer electronics sectors. The growth of the automotive industry in Europe is also anticipated to garner demand for 16-bit and 32-bit chips.
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Some of the major vendors dominating the microcontroller market include NXP Semiconductors N.V., Fujitsu Ltd., STMicroelectronics, and Atmel Corporation.
Table of Content
01. Executive Summary
- List of Abbreviations
- Scope of the Report
03.1 Market Overview
03.2 Product Offerings
- Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
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