PUBLISHER: Market Research Future | PRODUCT CODE: 1559078
PUBLISHER: Market Research Future | PRODUCT CODE: 1559078
Global Programmable Microcontroller Market Research Report Information By Type (8-Bit Microcontrollers, 16-Bit Microcontroller, 32-Bit Microcontroller, 64-Bit Microcontrollers, and Others.), By Connector Type (peripheral interface microcontroller (PIC), AVR Microcontroller, ARM Microcontroller, Mixed Signal Processor (MSP) Microcontroller, Robotic Control Microcontroller, and others.), By Application (robotics, industrial automation, safety & security devices, home automation devices, electronic measurement instruments, and others) - Forecast to 2032
In 2023, the market size of programmable microcontrollers was estimated to be USD 8,931.2 million. During the forecast period (2024-2032), the Programmable Microcontroller market industry is anticipated to experience a compound annual growth rate (CAGR) of 12.2%, increasing from USD 9,124.6 million in 2024 to USD 25,644.8 million by 2032. The Programmable Microcontroller Market is experiencing growth due to the increasing demand for connected devices, automotive industry integration, and periphery computing and smart sensors. The programmable microcontroller market is also being driven by the fact that it can be utilized by military forces for training purposes. Nevertheless, the market's expansion is impeded by the challenges of miniaturization and intense competition. However, the market is on the brink of substantial development prospects, including Energy Efficiency and IoT development.
The market for programmable MCUs is experiencing growth as a result of the increasing prevalence of connected devices and the rise in cyberattacks on Internet of Things (IoT) devices. Additionally, there is an increasing demand for silicon companies that manufacture microcontrollers (MCUs) to incorporate security features into Internet of Things devices. A diverse array of industrial sectors implements IoT devices. In addition, the number of IoT devices in the consumer sector is expected to increase in the future years, including consumer internet and media devices like smartphones. Connected automobiles, IT infrastructure, smart utilities, and asset tracking and monitoring are additional IoT devices. In response to the increasing security concerns, secure MCUs incorporate hardware-based cryptographic engines to ensure the secure storage, encryption, and decryption of keys. Operations. These attributes facilitate the establishment of a secure connection between cloud servers and IoT devices, thereby safeguarding the integrity and privacy of data.
Market segment insights
The Programmable Microcontroller Market segmentation is categorized by type, including 8-Bit Microcontrollers, 16-Bit Microcontrollers, 32-Bit Microcontrollers, 64-Bit Microcontrollers, and Others.
Peripheral interface microcontroller (PIC), AVR microcontroller, ARM microcontroller, Mixed Signal Processor (MSP) microcontroller, General Purpose microcontroller, Robotic Control microcontroller, and others comprise the market segmentation, which is determined by connector type.
The RISC (Decreased Guidance Set PC) stage is the foundation of high-level RISC Machine (ARM) microcontrollers. ARM microcontrollers are extensively employed in a diverse array of consumer electronics, such as multimedia players, tablets, smartphones, and wearables.
Robotics, industrial automation, safety and security devices, home automation devices, electronic measurement instruments, motor control systems, medical devices, communication systems, and others comprise the market segmentation, which is determined by application.
The market segmentation is based on the industry vertical and includes consumer electronics, automotive, telecommunications, manufacturing, healthcare, aerospace, and other sectors.
Regional Perspectives
In 2023, the Asia Pacific Programmable Microcontroller market comprised approximately 49.15% of the total. Programmable microcontrollers have become increasingly popular in countries such as China, India, South Korea, and Japan. Programable microcontrollers are being adopted and driven in the Asia-Pacific region due to the growing demand from the automotive, robotics, and consumer electronics industries, as well as the growing demand for home automation. As a consequence of AI advancements, there has been a recent surge in the adoption of advanced residential technology. The numerous benefits that smart homes provide are the reason why homeowners are attracted to them.
Additionally, North America is experiencing significant growth, with the second-largest market share in 2023. North America, which encompasses the United States, Canada, and Mexico, is a highly significant region for programmable microcontroller consumers due to the increasing demand for high-end applications in a variety of industries. For example, hybrid and self-driving vehicles are operating 8-bit microcontrollers. One of the world's largest automotive production centers is located in North America. The sale of passenger automobiles and vehicles was influenced by the economic expansion of the region.
Texas Instruments, Microchip Technology Inc., Polou Robotics and Electronics, STMicroelectronics, NXP Semiconductors, Renesas Electronics, SEGGER Microcontroller Systems, ELENCE, Promik Trusted Solution, BPM Microsystems, Data I/O Corporation, Arduino, and N-iX LTD are the primary vendors in the market.