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Global microcontroller market is estimated to be valued at USD 26.9 billion by 2020, as per a new research report by HexaResearch. Growing demand in key application areas such as automotive, consumer electronics and healthcare is expected to boost industry growth over the forecast period. Price reduction and quality enhancement may be achieved with the increasing deployment in healthcare industry. Moreover, increasing consumer awareness regarding energy efficient hybrid electric vehicles is likely to favor growth prospects.

Growing automotive industry is anticipated to be a major driver for the market over the next five years. In addition, high degree of rivalry in the industry has resulted in price cuts, which is anticipated to further fuel the market growth. Industrial segment is also a key contributor to the overall market. There is an increasing need for agility and flexibility in the industrial ecosystem due to declining product life-cycles. Increased innovative technical developments in consumer electronics is expected to provide positive avenues to market growth over the forecast period.

32 bit microcontroller was the leading product segment, with revenues reported at USD 6,658.1 million in 2013. Reduction in unit prices is responsible for the increase in demand. In addition, it is embedded in higher processing capabilities devices which are also spurring the demand for this product segment. 16 bit microcontroller was analyzed to be the second largest product segment and accounted for over 31% of the total revenue in 2013, growing at an estimated CAGR of 7.1% from 2014 to 2020.

Browse Details of Report @https://www.hexaresearch.com/research-report/microcontroller-industry/

Key Players:

Key companies include Renesas Electronics, Samsung, Fujitsu, STMicroelectronics, Texas Instruments, Freescale Semiconductor and Infineon Technologies among others.

Application Insights

Application segments include consumer electronics, automotive, industrial and other applications such as communications and computers. Automotive is the leading application segment and valued for 31% of market volume in 2013 and is also estimated to be the fastest growing application segment over the foreseeable period. MCUs are used to attain fuel efficiency and emission control in hybrid electric vehicles.

Key report insights suggest:

• Global microcontroller unit shipments were estimated at 17,393.6 million units in 2013 and are expected to register 39,108.5 million units by 2020, growing at an estimated CAGR of 12.3% from 2014 to 2020.
• Asia Pacific microcontroller market dominated the regional demand with an estimated market share of 38.2% in 2013. It is also expected to be the fastest growing region, growing at a CAGR of 7.8% from 2014 to 2020. Increasing adoption of microcontrollers across various application segments including HVAC, energy, and mobile phones is expected to drive the regional demand.
• Automotive industry dominated the demand with an estimated market share of 33.8% in 2013. This industry is also expected to be the fastest growing application segment, growing at a CAGR of 13% from 2014 to 2020. Increasing acceptance of electric and hybrid vehicles utilizing microcontrollers is expected to boost the market growth.

Table of Contents

Chapter 1 Methodology and Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical modeling and forecast

1.1.3 Industry insights and validation

1.2 List of Data Sources

Chapter 2 Executive Summary

2.1 AFC system industry 3600 perspective, 2012 - 2024

Chapter 3 AFC System Industry Insights

3.1 Industry segmentation

3.2 Industry size, forecast and growth expectations, 2012 - 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor landscape

3.4 AFC system market dynamics

3.4.1 Growth drivers

Continue………

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.