Market Research Insights

  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

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