Microcontroller Unit Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Configuration (8-bit, 16-bit, 32-bit), By Application (Automotive, Consumer Electronics, Healthcare, Aerospace And Defense, Others), And By Geography - Forecasts From 2023 To 2028

The microcontroller unit market size was valued at US$19.32 billion in 2021 and is expected to grow at a CAGR of 6.34% to reach US$29.714 billion by 2028.

Market Overview:

A microcontroller is a type of processor that consists of memory, a CPU, and an input/output peripheral on a single integrated circuit. Microcontrollers are most commonly found in devices that demand a high level of human control. The rising competition in the sector has resulted in a low product price, which will drive demand for microcontrollers. The increased awareness of smart energy management, as well as the introduction of smart grids, is likely to drive up MCU demand. Recent improvements in the automobile business are attributed to factors such as quick developments and innovations in the automotive sector as a result of the widespread use of the internet of things (IoT). Furthermore, an increase in the trend of working with automated machinery and equipment, a surge in the scope of electronic products, and technological advancements drive the demand for the development of new products and solutions.

Growth will be aided by the increased deployment of robots and machine learning in industrial applications.

Increased use of automated machinery and equipment, an exponential expansion in the breadth of electronic products, and technological advancements drive the demand for the creation of cutting-edge products and solutions. Furthermore, the increasing demand for flexibility and agility in the industrial ecosystem is predicted to provide profitable prospects for the future expansion of the microcontroller sector. For instance, Texas Instruments announced a new line of high-performance microcontroller units, the Sitara AM2x MCUs, in July 2021, to take care of the growing number of industrial applications that demand both high performance and more memory. Fast computations combined with the MCU's internal memory improve a robot's precision and speed of movement, resulting in increased productivity. Also, the MCU has developed substantially over the previous few decades, owing to the growth of edge devices. While MCUs are at the heart of many of today's edge applications, to navigate the complicated environment of power, performance, and security requirements, as well as connectivity possibilities, while balancing overall system cost and energy efficiency, a new class of MCUs must be created for the next generation of intelligent applications. For instance, In June 2022, NXP introduced the new MCX portfolio of microcontrollers for the next era of advanced industrial and IoT edge computing. the new MCX microcontroller family, designed to drive innovation in smart homes, smart factories, smart cities, and a wide range of upcoming industrial and IoT edge applications. This integrated service enables developers to maximize software reuse throughout the portfolio to accelerate development.

The automobile industry will have the largest share in terms of applicability.

The incorporation of cutting-edge technology in the automobile industry has pushed the use of semiconductors and microcontrollers. The number and complexity of comfort features and other body functions in cars are constantly increasing as drivetrain electrification and advanced driver-aid systems change the way we travel. To meet this issue, Infineon Technologies AG released the Traveo II Body microcontroller family to the public in October 2020. This product family caters to a wide range of automotive applications, such as body control modules, door, window, sunroof, and seat control units, as well as in-cabin smartphone terminals and wireless charging units. Furthermore, Infineon's AURIX, which debuted in January 2021, has established itself as the first-choice automotive architecture for high-growth and safety-critical applications such as powertrain, safety, assisted and autonomous driving, and domain or zone control. Given the increasing vehicle complexity and the enablement of AI implementations, the AURIX TC4x ecosystem has received a lot of attention to provide a quick time-to-market and ease of use. As a result, demand and income for AURIX microcontrollers are predicted to increase significantly in the next decade.

Microcontrollers with 32-bit configurations have a wide range of applications.

During the anticipated timeframe, the 32-bit category is expected to increase at the fastest rate. 32-bit MCUs have more processing power and utilize less electricity than their predecessors. Furthermore, the growing popularity of 32-bit MCUs as unit prices fall is likely to propel the market even further. STMicroelectronics, for example, began volume production of its lowest-cost 32-bit microcontroller, the STM32C0, in January 2023. ST intends to use the new STM32C0 family in devices such as home appliances, industrial pumps, fans, and smoke detectors, which are traditionally served by simpler 8-bit and 16-bit MCUs. Due to its special technology needs, the automobile industry also makes extensive use of 32-bit microcontrollers. For instance, in April 2021 Nuvoton introduced a new range of Arm Cortex-M0 NUC131U 32-bit microcontrollers for automotive applications, with speeds up to 50 MHz, AEC-Q100 Grade 2 qualification, and a built-in Controller Area Network 2.0 B interface. Automotive body control, automotive CAN modules, on-vehicle diagnostic systems (OBD), dashboard control, and automotive lighting applications may benefit from high performance, dependability, and immunity.

China is anticipated to have the Asia Pacific region's fastest rate of growth.

Asia Pacific has developed as a major semiconductor manufacturing and semiconductor-based device hub. Some of the most renowned electronics and automobile manufacturing companies are located in the region. As a result, the field contributes considerably through diverse microcontroller applications such as automotive, industrial automation, pharmaceutical, consumer electronics, robotics, and other end-user sectors. China is one of the major manufacturing giants in the region, with a significant number of manufacturing units operating in a variety of industries. China has recently focused on encouraging the domestic production of microcontrollers. For example, Shanghai-based start-up ChipON Micro-Electronics Co. ltd, a chip designer for microcontrollers, said in March 2021 that it had acquired a $46 million B round of financing led by China Fortune-Tech Capital and SAIC Hengxu.

Microcontroller Unit Market Scope:

Segmentation:

• By Configuration
  • 8-bit
  • 16-bit
  • 32-bit
• By Application
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Aerospace and defense
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others