PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1584094
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1584094
ARM Microcontrollers Market size was valued at USD 10,029.32 Million in 2023, expanding at a CAGR of 7.90% from 2024 to 2032.
ARM microcontrollers are small, integrated computer systems built around a CPU based on ARM (Advanced RISC Machine) architecture. ARM microcontrollers are widely used in embedded systems due to their power efficiency, high performance, and versatile design. They are commonly employed in a variety of devices, ranging from consumer electronics to industrial applications.
ARM Microcontrollers Market- Market Dynamics
Increasing demand for IoT devices across automotive, consumer electronics and smart medical devices is expected to propel market demand
The rising number of IoT-connected devices in industries like healthcare, home automation, and smart cities is primarily boosting market growth. ARM microcontrollers, especially the low-power Cortex-M series, are widely used in these applications due to their energy efficiency and real-time processing capabilities. ARM microcontrollers are critical components in modern vehicles for functions such as ADAS, infotainment systems, and electric vehicle (EV) management. Their high performance and reliability make them suitable for real-time data processing required in automotive systems. The growing shift toward electric vehicles has also increased the demand for ARM-based microcontrollers, which are used in power management, battery control, and vehicle-to-everything (V2X) communication.
ARM microcontrollers are integral to the growing market for wearables, smart appliances, and connected home devices. Their ability to combine performance with energy efficiency enables devices like fitness trackers, smartwatches, and smart thermostats. The increasing deployment of smart medical devices such as portable diagnostic tools, health monitoring devices, and wearable medical technologies has boosted the demand for ARM microcontrollers, which enable these devices to function efficiently and securely. ARM microcontrollers are gaining traction in edge computing applications that require low latency processing close to the source of data generation. With the rollout of 5G, more devices will rely on real-time, local data processing, and ARM MCUs are well-positioned to serve this need, driving market demand.
ARM Microcontrollers Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.90% over the forecast period (2024-2032)
Based on Product Type segmentation, the 80-120 pins segment was predicted to show maximum market share in the year 2023, owing to its high efficiency in data processing.
Based on Application segmentation, IoT devices segment was the leading Application segment in 2023, due to the rising demand for IoT devices in the electronics & automotive sectors.
Based on End User segmentation, the automotive segment was the leading End User segment in 2023, due to the high demand for smart electronic devices in the automotive system.
On the basis of region, North America was the leading revenue generator in 2023, due to the presence of top electronics companies such as Texas Instruments, STMicroelectronics, etc.
Global ARM Microcontrollers Market is segmented on the basis of Product Type, Application, End User, and Region.
The market is divided into three categories based on Product Type: less than 80 pins, 80-120 pins, and more than 120 pins. The 80-120 pins segment dominates the market. High efficiency and offers greater RISC performance which is fueling segment growth.
The market is divided into four categories based on Application: IoT devices, smart medical devices, telecommunication, and others. The IoT devices segment dominates the market. With the rising trend of AI & ML and IoT integration is expected to accelerate market growth.
The market is divided into four categories based on End User: automotive, consumer electronics, healthcare, and others. The automotive segment dominates the market and is expected to maintain its high dominance during the forecast period. The increasing demand from infotainment systems, dashboards, electric vehicle connectivity system are supplementing segment growth.
ARM Microcontrollers Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is a significant player in the ARM microcontroller market due to its established technology industry and high adoption of advanced technologies like the Internet of Things (IoT), autonomous vehicles, and industrial automation. The U.S. and Canada are leaders in consumer electronics, wearables, and connected devices that rely heavily on ARM MCUs. Europe is also a significant region for ARM microcontrollers, driven by the strong presence of automotive manufacturing, industrial automation, and growing focus on sustainability and green energy.
The ARM microcontroller market is highly competitive, with several key players vying for market share by continuously developing advanced microcontrollers for a wide range of applications. ARM-based microcontrollers are used in various sectors, such as automotive, industrial automation, consumer electronics, healthcare, and IoT. Companies focus on energy-efficient microcontrollers, making them ideal for applications in power management and industrial automation.
In November 2023, Renesas Electronics, a premier advanced semiconductor solution provider, announced that it designed a 32-bit CPU core using open-standard RISC-V architecture.
In 2022, Infineon Technologies launched the XMC7000 and XMC1400 series for IoT and industrial applications, with a focus on low power consumption and enhanced security features.