Microcontroller Embedded Systems Global Market – Overview
The Global Microcontroller Embedded Systems Market is growing with the rapid pace; mainly due to the burgeoning IoT market and its applications across the industries such as automobile, consumer electronics, military and aerospace. According to a recent study report published by the Market Research Future, The global Microcontroller Embedded Systems Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2027, surpassing its previous growth records in terms of value with a staggering CAGR during the anticipated period (2016 – 2027).
A Microcontroller or MCU is an entire embedded system on a chip with memory. IoT devices depend on Microcontrollers for connectivity and data collection. Microcontrollers are the small computers which are integrated on a single circuit and includes a core processor, memory, and some programmable input and output peripherals. This market has seen tremendous opportunities as consumption percentage of electronic goods are increasing. Automotive is the biggest market for microcontroller embedded systems and as this industry has grown in last decade, demand for microcontroller embedded systems has been boosted up.
IoT is a wide market, ranging from automobile to consumer electronics to industrial IoT to military and aerospace to healthcare. As the IoT market develops, there will be an increasing need to develop MCUs for different IoT applications.
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Typically the microcontroller, MCU, is found in applications where size, low power and low cost are key requirements. The MCU, microcontroller is different to a microprocessor in that it contains more elements of the overall processing engine within the one chip. Basic embedded microcontroller system contains the CPU, RAM, ROM, & IO. Microcontrollers are often intended for low power and low processing applications. Microcontroller advantages include Lower cost because many elements of the processor are contained within the one chip resulting in lower chip cost and board cost; Lower power consumption and integrating all components onto one chip enables processor to be optimised for a given application. And disadvantages of Microcontroller include Less flexibility because all components are integrated into the one chip; Limited performance because the size of memory is limited by what can be accommodated on the chip and MCUs tend to be application specific so the choice may be limited.
Global Microcontroller Embedded Systems Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Microcontroller Embedded Systems appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Product/Technology launch, reputation and services. Key Players operating in the market strive to develop the unrivalled design and features. Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. These Key Players are investing heavily in research and development projects to develop state-of-the-art equipment, facilities, advanced technology and processes.
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In March 2016, Altera Corporation launched the Trans receiver technology which is effective for data exchange up to 56 Gbps.
In June 2016, Intel Corporation introduced the Xeon Phi processor for fast and efficient work in data processing.
In February 2016, Atmel Corporation launched the world’s highest performing low power 8-bit MCUs.
Microcontroller Embedded Systems Global Market – Segmentations
Global Microcontroller Embedded Systems Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Scale: Comprises – Small, Medium And Large.
Segmentation by Type: Comprises – Software and Hardware.
Segmentation by Application: Comprises – Automotive, Healthcare, Telecommunication, Consumer Electronics, Aerospace, Defence, and other.
Segmentation by Region: Comprises – Geographical Regions.
Microcontroller Embedded Systems Global Market – Regional Analysis
Currently North America is leading the market of Microcontroller Embedded System. In US and Canada, augmentation of IoT is supporting the Microcontroller Embedded System market and it is expected that this market of North America will reach to astronomical amounts during the forecasted period with a substantial CAGR. Europe stands as second biggest market as countries like Germany, France, and Italy are some of countries which fall under umbrella of developed countries and have a huge consumption rate of Microcontroller Embedded System. Asia-Pacific has emerged as fastest growing market and registered a considerable CAGR. This market is currently valued in Multi Billions of USD and it is expected to reach astronomical amounts towards the end of the forecasted period.
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