NEW YORK, October 6, 2016 /PRNewswire/ --
According to market research "Global Microcontroller Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Bit Size (4/8-bit, 16-bit, 32-bit), by Application (Consumer Electronics, Industrial, Automotive, Others)" by P&S Market Research, the global microcontroller market is expected to grow at a CAGR of 6.9% during 2016 - 2022. Among the various bit sizes, the 32-bit segment held the largest share in the global microcontroller market in 2015.
The rapidly developing automobile industry and surge in the smart grid projects is expected to be one of the primary factors driving the demand for microcontrollers during the forecast period. Majority of the programmable microcontrollers that are used presently are embedded in other consumer products or machinery including mobile phones, automobiles, household appliances and peripherals for computer systems. Owing to this, a microcontroller is sometimes also coined as embedded controller.
Explore Full Report at: https://www.psmarketresearch.com/market-analysis/microcontroller-market
Microcontrollers have myriad of applications, on account of its premium features. However, there are different types of microcontrollers to meet the requirements of a specific application. Since cost is an important factor while manufacturing, it is only coherent to pick the most economical device that goes with the application's needs. Consequently, microcontrollers are usually tailored for specific applications.
Globally, the automotive industry has been witnessing a period of moderately strong growth as well as profitability. The annual sales have surpassed prerecession levels in some of the economies.
The growing awareness among tech savy consumers is leading to smartphone proliferation across the globe. The sales of smartphone are driven by the demand for low cost smartphones in the developing economies and inexpensive 4G smartphones in emerging markets worldwide. The global smartphone market is increasing at a significant rate, with numbers varying from market-to-market basis. This will propel the demand for microcontrollers in the coming years.
Browse Related Research: https://www.psmarketresearch.com/industry-report/semiconductor-and-electronics
Some of the key companies operating in the global microcontroller market include Texas Instruments Incorporated, Microchip Technology Inc., Silicon Laboratories, Intel Corporation, Renesas Electronics Corporation, Maxim Integrated, Fairchild Semiconductor, STMicroelectronics, Analog Devices Inc. and Samsung Semiconductor.
GLOBAL MICROCONTROLLER MARKET SEGMENTATION
By Bit Size
- Consumer Electronics
- North America
- Rest of North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Rest of Asia-Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
Browse Other Related Report by P&S Market Research
Global Audio Class D Amplifier Market - https://www.psmarketresearch.com/market-analysis/audio-class-d-amplifiers-market
Global 3D Camera Market - https://www.psmarketresearch.com/market-analysis/3d-camera-market
Global MEMS Foundry Outsourcing Market - https://www.psmarketresearch.com/market-analysis/mems-foundry-outsourcing-market
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Assistant - Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
SOURCE P&S Market Research