Microcontroller Market Size, Share, Trends, Growth and Demand

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The global microcontroller market is expected to grow at a CAGR of 6.9% forecast to 2022. Among the various bit sizes, the 32-bit segment held the largest share in the global microcontroller market.

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Microcontroller Market Size Share Trends Growth and Demand Forecast to 2022\ 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. Get a free sample of this research report: https://www.psmarketresearch.com/market- analysis/microcontroller-market/report-sample 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. 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. Explore report at: https://www.psmarketresearch.com/market- analysis/microcontroller-market The ongoing technological advancements including vehicle connectivity interactive safety systems and finally self-driving cars will change the global scenario in the near future. The automobiles though mechanical to its soul will go digital world over the forecast period thus leveraging the characteristics of microcontroller. This will drive the demand for microcontrollers during the forecast period. 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.

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Make enquiry before buying the report: https://www.psmarketresearch.com/send-enquiryenquiry- urlmicrocontroller-market 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.