Microcontroller Market To Witness A Significant Growth Of USD 41.6 Billion By 2030
San Francisco, 22 Apr 2022: The Report Microcontroller Market Size, Share & Trends Analysis Report By Product (8-bit, 16-bit, 32-bit), By Application (Consumer Electronics & Telecom, Industrial, Automotive), By Region, And Segment Forecasts, 2022 - 2030 The global microcontroller market size is expected to reach USD 41.6 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.8% from 2022 to 2030. Globally, more than 27 billion units of microcontrollers were shipped in 2021. The market growth is attributed to the increasing focus on automation and artificial intelligence across various verticals such as automotive and industrial. Increasing demand for embedded control systems in multifunctional devices such as vehicles, robots, medical devices, mobile radio, and residential appliances is also playing a principal role in the growth of the market. However, the market has witnessed a downfall in revenue owing to the adve