Microcontroller Market To Bolster The Industry Growth To Reach $102.18 Billion By 2024 : Grand View Research Inc.
San Francisco, 10 May 2019: The Report Microcontroller Market Analysis By Product (8-bit, 16-bit, 32-bit), By Application (Automotive, Consumer Electronics, Industrial, Medical Devices, Military & Defense ) And Segment Forecasts Till 2024 The global Microcontroller Market is expected to reach USD 102.18 billion by 2024, according to a new report by Grand View Research, Inc. The growing need for flexibility and agility in the industrial ecosystem, owing to the decreasing product lifecycles, is expected to propel the industry growth. The consumer electronics market has also witnessed a significant growth due to the innovative technical developments. The rapidly growing automotive industry is expected to be the key driver of the market over the forecast period. Additionally, a high degree of competition in the industry has resulted in the price reduction, which is expected to further boost the market growth. The increased demand for devices supporting Internet of Things and