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Global MCU Market Growth 2023-2029

Global MCU Market Growth 2023-2029

Product Code:454175

Published Date: Feb 08,2023

Pages: 115

Region: Global

Category: Electronics & Semiconductor

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A microcontroller (MCU for microcontroller unit) is a small computer on a single metal-oxide-semiconductor (MOS) integrated circuit chip. In modern terminology, it is similar to, but less sophisticated than, a system on a chip (SoC); a SoC may include a microcontroller as one of its components. A microcontroller contains one or more CPUs (processor cores) along with memory and programmable input/output peripherals. Program memory in the form of ferroelectric RAM, NOR flash or OTP ROM is also often included on chip, as well as a small amount of RAM. Microcontrollers are designed for embedded applications, in contrast to the microprocessors used in personal computers or other general purpose applications consisting of various discrete chips.

Microcontrollers are used in automatically controlled products and devices, such as automobile engine control systems, implantable medical devices, remote controls, office machines, appliances, power tools, toys and other embedded systems. By reducing the size and cost compared to a design that uses a separate microprocessor, memory, and input/output devices, microcontrollers make it economical to digitally control even more devices and processes. Mixed signal microcontrollers are common, integrating analog components needed to control non-digital electronic systems. In the context of the internet of things, microcontrollers are an economical and popular means of data collection, sensing and actuating the physical world as edge devices.

LPI (LP Information)' newest research report, the “MCU Industry Forecast” looks at past sales and reviews total world MCU sales in 2022, providing a comprehensive analysis by region and market sector of projected MCU sales for 2023 through 2029. With MCU sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world MCU industry.

This Insight Report provides a comprehensive analysis of the global MCU landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on MCU portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global MCU market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for MCU and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global MCU.

The global MCU market size is projected to grow from US$ 18630 million in 2022 to US$ 26170 million in 2029; it is expected to grow at a CAGR of 26170 from 2023 to 2029.

Global MCU key players include NXP Semiconductors, Microchip Technology, Renesas Electronics, STMicroelectronics, Infineon Technologies, etc. Global top five manufacturers hold a share over 55%.

Asia-Pacific is the largest market, with a share over 50%, followed by Europe and North America, both have a share about 40%. 
In terms of product, 32 Bit MCU is the largest segment, with a share over 50%. And in terms of application, the largest application is Automotive, followed by Industrial, Communication and Computer, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of MCU market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    4 Bit MCU
    8 Bit MCU
    16 Bit MCU
    32 Bit MCU

Segmentation by application
    Automotive
    Industrial
    Communication and Computer
    Consumer Electronics
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    NXP Semiconductors
    Microchip Technology
    Renesas Electronics
    STMicroelectronics
    Infineon Technologies
    Texas Instruments
    Cypress Semiconductor
    Silicon Laboratories
    Nuvoton
    Toshiba
    Holtek Semiconductor
    Sino Wealth Electronic
    GigaDevice
    Sonix Technology
    Qingdao Eastsoft
    Shanghai Sinomcu
    Shenzhen Chipsea
    Shanghai MindMotion

Key Questions Addressed in this Report
What is the 10-year outlook for the global MCU market?
What factors are driving MCU market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do MCU market opportunities vary by end market size?
How does MCU break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?