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The global microcontroller market reached approximately USD 32.40 billion in 2023. The market is projected to grow at a CAGR of 11.8% between 2024 and 2032 to attain a value of around USD 88.41 billion by 2032.
Base Year
Historical Year
Forecast Year
Global Microcontroller Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 32.40 |
Market Size 2032 | USD Billion | 88.41 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 11.8% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 15.3% |
CAGR 2024-2032 - Market by Country | India | 17.5% |
CAGR 2024-2032 - Market by Country | China | 14.6% |
CAGR 2024-2032 - Market by Product Type | 32-bit Microcontroller | 13.0% |
CAGR 2024-2032 - Market by Application | Automotive | 13.3% |
Market Share by Country 2023 | USA | XX% |
The global market is increasing amid the flourishing consumer electronics sectors. With the rising adoption of smart home devices, automation, and wearing technology, the demand for microcontrollers to ensure their efficient performance is rising. Moreover, advancements in IoT and AI devices are expected to surge the applications of microcontrollers to collect, process, and transmit data while advancing automation.
The robustly growing industrial sector and the shift towards Industry 4.0 are favouring the microcontroller demand growth. Microcontrollers designed for extreme durability and ruggedness are increasingly used for withstanding extreme industrial conditions. In addition, the growing trend of energy efficiency is leading to the development of ultra-low-power microcontrollers that operate at minimal power to extend the battery life of wearable and portable devices.
Focus on Energy Efficiency and Sustainability
As environmental concerns rise, manufacturers are prioritising energy-efficient microcontrollers that consume less power. The semiconductor industry is increasingly adopting sustainable practices in manufacturing processes, including the use of renewable energy sources and materials that minimise environmental impact, affecting the microcontroller demand. In March 2024, STMicroelectronics introduced the STM32U0 series, a new line of ultra-low-power microcontrollers designed to enhance energy efficiency across various applications. These microcontrollers can reduce energy consumption by up to 50% compared to earlier models, making them ideal for industrial sensors, smart meters, and consumer electronics like wearables.
Moreover, many semiconductor manufacturers are adopting green fabs, which are facilities designed with a strong focus on sustainability. These fabs incorporate advanced HVAC systems, optimised cleanroom environments, and energy-efficient equipment, significantly reducing energy consumption and emissions during production.
Advancements in Manufacturing Processes
The introduction of advanced manufacturing processes, such as 2nm and 1nm nodes, is enabling higher transistor density in microcontrollers. As per the microcontroller industry analysis, this advancement leads to more powerful and energy-efficient chips but also presents challenges related to heat dissipation and power consumption. For instance, TSMC announced its roadmap for mass production of 2nm chips by late 2025, with plans to introduce an even smaller 1.6nm node by 2026. The company’s N2 process aims to improve frequency by 15-20% while reducing power consumption by 30-40%, enhancing overall chip density by over 1.15 times compared to previous nodes.
Samsung is also increasing its efforts in the semiconductor space with plans to roll out its 2nm processes by 2025 and subsequently introduce a 1.4nm process by 2027. This initiative aligns with the industry's push towards smaller, more efficient chips that can handle increasing computational demands while managing heat dissipation effectively.
November 2024
eInfochips, an Arrow Electronics company, announced a multi-year software distribution agreement with Infineon Technologies AG. This collaboration aims to enhance the automotive software offerings available to eInfochips' customers by providing access to Infineon's Microcontroller Software for its AURIX™, TRAVEO™, and Automotive PSOC™ microcontroller families.
November 2024
Think Silicon, a leading provider of ultra-low-power GPU IP for embedded systems, has partnered with LVGL, a free and open-source embedded graphics library, to develop high-performance, low-power graphics libraries specifically for microcontrollers (MCUs).
There is a growing emphasis on heterogeneous integration within microcontroller designs, combining analogue, digital, and RF components into a single package. This trend of microcontroller market facilitates the development of System-on-Chip (SoC) designs tailored for specific applications such as AI and machine learning, optimising performance while reducing size and complexity.
A technical paper titled Heterogeneous Integration Technologies for Artificial Intelligence Applications published by Georgia Tech discusses the role of heterogeneous integration (HI) technologies in advancing artificial intelligence (AI) applications. The paper highlights how HI can improve overall system performance by reducing electrical interconnect delays and energy consumption, which are critical for data-intensive AI workloads.
The growth of the microcontroller market is characterised by intense competition among established manufacturers and new entrants. This competition often leads to price wars, which can reduce profit margins for companies. As noted in the market analysis, there is increasing pressure to offer competitive pricing while maintaining quality and performance standards, particularly as new players enter the market with subsidised offerings.
As microcontrollers become more advanced with features like wireless connectivity and multi-core processing, the complexity of design and manufacturing increases. This complexity can lead to higher development costs and longer time-to-market for new products. Additionally, ensuring compatibility between various components in heterogeneous integration designs can be challenging.
The proliferation of IoT devices is driving demand of microcontroller market that can handle wireless connectivity and low-power operations. As industries leverage IoT technologies for improved efficiency and automation, there is an increasing need for secure embedded software capable of managing large networks of devices. For instance, NXP offers JN5189 and JN5188 IEEE 802.15.4 wireless microcontrollers, which are designed for ultra-low power applications using Zigbee 3.0 and Thread protocols. These devices are notable for their integrated NFC capabilities and broad operational temperature range, making them suitable for various IoT applications that demand reliable wireless communication while maintaining energy efficiency.
Meanwhile, Texas Instruments has introduced the SimpleLink™ CC2340 family, which offers best-in-class standby current and radio-frequency performance for Bluetooth Low Energy (LE) applications. This new series is designed to provide affordable Bluetooth LE connectivity solutions, enabling engineers to integrate wireless capabilities into a wider range of products while ensuring low power consumption.
“Microcontroller Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
CAGR 2024-2032 - Market by | Product Type |
32-bit Microcontroller | 13.0% |
16-bit Microcontroller | 12.5% |
8-bit Microcontroller | 11.3% |
Others | 10.6% |
Market Breakup by Application
CAGR 2024-2032 - Market by | Application |
Automotive | 13.3% |
Consumer Electronics | 12.6% |
Industrial | 12.0% |
Medical Devices | 11.3% |
Others | 10.6% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 15.3% |
Middle East and Africa | 12.8% |
Latin America | 11.2% |
North America | 9.7% |
Europe | 9.0% |
By Product Type Insights
The market is projected to experience substantial growth from 2024 to 2032, driven primarily by advancements in product types. The 32-bit microcontroller segment is projected to lead with a CAGR of 13.0% during the forecast period of 2024-2032. The, increasing use of such devices in complex applications requiring higher performance, such as automotive systems and IoT devices, is providing lucrative microcontroller market opportunities.
Following closely, the 16-bit microcontroller is assessed to grow at a CAGR of 12.5%, supported by its balance of performance and cost, making it ideal for industrial and consumer electronics. Other microcontroller types are also set to grow at a steady rate of 10.6%, driven by niche applications and emerging technologies. This diversified growth underscores the expanding application landscape and technological advancements within the market.
By Application Insights
The market is projected to experience significant growth across various applications from 2024 to 2032. The automotive sector is projected to lead with a CAGR of 13.3% between 2024 and 2032. The increasing integration of advanced electronics and automation in vehicles is boosting the microcontroller market revenue. Consumer electronics follow closely with a CAGR of 12.6%, fuelled by the rising demand for smart devices and home automation products. Medical devices are projected to see a CAGR of 11.3%, driven by the growing need for advanced healthcare solutions.
Other applications are also expected to grow steadily at 10.6%, reflecting the broadening scope and innovation in microcontroller technologies. This highlights the expanding application landscape and technological advancements aiding the growth of the market.
Europe Microcontroller Market Trends
The market in Europe is projected to grow at a CAGR of 9.0%, supported by advancements in industrial automation and the automotive sector. This regional analysis underscores the growth of the microcontroller industry, fuelled by technological innovations and the increasing adoption of smart devices and automation solutions. The market in UK is expected to have a solid growth at 10.8% respectively, due to the adoption of smart technologies and industrial automation.
The European market is characterized by high investments in technology and innovation, particularly in countries like Germany and France, which are home to leading automotive manufacturers. This trend supports the development of energy-efficient and high-performance microcontrollers tailored for automotive applications.
CAGR 2024-2032 - Market by | Country |
India | 17.5% |
China | 14.6% |
Saudi Arabia | 13.4% |
Brazil | 12.9% |
Canada | 11.1% |
Mexico | 11.0% |
UK | 10.8% |
Australia | 10.4% |
USA | 9.6% |
Japan | 9.1% |
Germany | 8.7% |
France | 8.3% |
Italy | 7.4% |
North America Microcontroller Market Drivers
North America is expected to experience a CAGR of 9.7%, reflecting the steady growth in IoT applications and the strong presence of major microcontroller manufacturers. The market in Canada is expected to grow at 11.1%, driven by technological advancements and increasing automotive applications, further influencing microcontroller market dynamics and trends.
The presence of major semiconductor companies such as Texas Instruments, Microchip Technology, and NXP Semiconductors fosters innovation and development in microcontroller technologies. For instance, Texas Instruments is a leading manufacturer of microcontrollers, particularly known for its Arm® Cortex®-based MCUs.
Asia Pacific Microcontroller Market Dynamics
The market is expected to see significant growth from 2024 to 2032, with varying growth rates across different regions. The Asia Pacific is projected to lead the microcontroller market share, with a robust CAGR of 15.3%, driven by rapid technological advancements, increased industrial automation, and the growing consumer electronics market in countries like China and India.
As per the microcontroller industry statistics in China, the country is projected to grow at a CAGR of 14.6%, supported by its massive electronics manufacturing sector and technological innovations. Saudi Arabia's market is projected to grow at 13.4%, reflecting its investments in smart infrastructure and technology diversification.
Latin America Microcontroller Market Growth
Latin America follows with a projected CAGR of 11.2%, driven by the rising demand for automotive and consumer electronic applications. Brazil's CAGR of 12.9% is attributed to the rising demand for consumer electronics and industrial automation. The market in Mexico is expected to grow at a CAGR of 11.0% respectively.
The region is witnessing growth in the microcontroller market value due to increasing investments in smart city initiatives and IoT applications. As more consumers gain access to smart technologies, there is a rising demand for microcontrollers that support connectivity and automation. Gorilla Technology, NC Digy Smart Cities LLC, Protactics, and AECOM have formed a strategic partnership aimed at advancing smart city infrastructure in Latin America. This collaboration is expected to transform urban development across the region by harnessing advanced technologies, which will drive demand for microcontrollers.
Middle East and Africa Microcontroller Market Outlook
The Middle East and Africa is projected to grow at a CAGR of 12.8%, supported by increasing investments in infrastructure and smart technologies. Several government bodies in this region are investing heavily in infrastructure development, which includes enhancing connectivity solutions that rely on advanced microcontroller technologies, further impacting microcontroller industry revenue. In 2024, Qatar announced a significant investment of approximately USD 19.2 billion aimed at transforming its national infrastructure. The focus on modernising infrastructure will likely incorporate advanced microcontroller technologies to improve automation and connectivity in these systems.
Startups are pioneering technologies that connect everyday products to the internet, leveraging microcontroller capabilities to provide real-time insights into product usage and inventory management. This integration of AI with microcontroller technology is enhancing operational efficiency for manufacturers and retailers. Some startups are also focusing on developing specialised microcontrollers tailored for AI applications.
Wiliot
Founded in 2017 and based in Tel Aviv, Israel, Wiliot is revolutionising the IoT landscape with its innovative technology that connects everyday products to the internet. The core of Wiliot's solution is its patented IoT Pixel technology, which allows manufacturers to gain valuable insights into product usage and inventory management. This technology enables companies to monitor who uses their products and when they need replenishment or replacement.
Mindgrove Technologies
Established in 2021 and founded at IIT Madras, India, Mindgrove Technologies is focused on designing and producing System-on-Chips (SoCs) using indigenous RISC-V Shakti cores. The startup is currently developing its inaugural chip, Secure IoT, aimed at various consumer electronics applications such as TVs, washing machines, and air conditioners.
Companies in microcontroller industry are focusing on creating advanced microcontrollers that cater to specific applications. For instance, Texas Instruments is enhancing its product lineup with ultra-low-power MCUs designed for battery-operated devices, while Microchip Technology is expanding its offerings in IoT and automotive sectors by integrating features like wireless connectivity and enhanced processing capabilities.
Texas Instruments Inc.
Texas Instruments (TI) is a leader in analogue and embedded processing semiconductors. The company is also leveraging government initiatives like the CHIPS Act to potentially reduce costs and fuel growth in high-demand areas such as AI and automotive applications, especially in markets like China where EV adoption is rapidly increasing.
Microchip Technology Inc.
Microchip Technology specialises in microcontrollers, mixed-signal, analogue, and Flash-IP solutions. The company is focusing on expanding its product offerings to cater to the growing demand for IoT devices, automotive applications, and industrial automation.
Renesas Electronics Corporation
Renesas Electronics is concentrating on providing semiconductor solutions tailored for automotive, industrial, and consumer applications. At the recent Electronica India 2024 event, Renesas showcased its advanced technologies, including edge-AI and wireless connectivity solutions designed specifically for the Indian market.
Other major players in the market are NXP Semiconductors, STMicroelectronics, and Infineon Technologies AG, among others.
November 2024
Frontgrade Gaisler launched its latest radiation-hardened microcontroller, the GR716B, which builds upon the success of its predecessor, the GR716A. This new microcontroller is designed specifically for space applications, providing an all-in-one solution for supervision, monitoring, and control in satellite systems.
November 2024
Iontra, a USA-based startup, has raised USD 45 million in a Series C funding round to advance its development of a secure charging microcontroller utilising the RISC-V instruction set architecture. This funding round, which brings Iontra's total fundraising to USD 120.3 million, was led by Volta Energy Technologies, along with participation from existing and new investors.
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Global microcontroller market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the global microcontroller industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the global microcontroller market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the global microcontroller market landscape.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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