Microcontroller Market Expected to Reach $33.2 Billion by 2029 | Exclusive report by Accuracy Consultancy


Major companies covered in microcontroller market are Renesas Electronics Corporation, Infineon Technology, Microchip Technology, Texas Instruments, NXP Semiconductors, ST Microelectronics

Luton, Bedfordshire, UK, August 01, 2022 (GLOBE NEWSWIRE) — Accuracy Consultancy, the market research and consultancy wing of Improve Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Microcontroller Market. The global microcontroller market is expected to grow at over 8.1% CAGR from 2019 to 2028. It is expected to reach over USD 33.2 billion by 2028, from USD 17.3 billion in 2019.

Microcontrollers market players are finding it difficult to analyze the demand as greater uncertainty prevails in the automotive and industrial sectors, dragging down the GDP growth of developing as well as developed economies.

The growing need for agility and flexibility in the industrial ecosystem due to the reduction of product life cycles is expected to further drive growth. The consumer electronics segment has witnessed significant growth due to innovative technological developments such as wireless sensing and connectivity, automation, as well as the emergence of IoT ecosystems in homes. Moreover, many market players are developing microcontrollers with advanced architecture to make them compatible with devices with such technologies.

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The 32-bit segment dominated the market with a share of more than 40.0% in 2021. This large share is attributed to the growing use of these microcontrollers for automotive applications and the rapid decline in average selling prices. 32-bit technology simplifies product design and reduces hardware costs, and it has 32 parallel lanes for data transmission.

The medical device segment is expected to witness an increasing demand for microcontrollers over the forecast period owing to various factors such as high demand for precision in medical procedures, advancements in technology, government support for medical automation, and the increase in R&D investment for the development of MCUs which are needed in advanced medical equipment.

Industry Outlook:

HOUSTON, January 28 — Expanding its family of microcontrollers (MCUs), Texas Instruments (NYSE: TXN – News; TI) today announced the introduction of the TMS470 General Purpose Processor (GPP) platform based on the ARM7 family( TM). Based on the 32-bit ARM7TDMI(R) processor, the TMS470 microcontrollers deliver up to 60 MHz of performance for general-purpose applications that include industry, medical instrumentation, consumer electronics, and data processing.

Geneva, May 12, 2022 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the full spectrum of electronics applications, is hosting its Capital Markets Day today in Paris, France.

CHANDLER, Ariz., May 26, 2022 — Security threats are becoming increasingly complex and challenging for product development in the Internet of Things (IoT), consumer, industrial, medical and other markets. It is imperative that these products have strong built-in security while offering low power consumption for longer battery life. Microchip Technology Inc. (Nasdaq: MCHP) announced the release of the industry’s first microcontroller (MCU) to combine a secure subsystem and Arm® TrustZone® technology in a single package

Within the scope of microcontroller market segmentation, our study presents market analysis based on type, market application and historical data:


Details (current scenario)

base year


Historical data


Forecast period


Regions covered

  • North America

  • Europe

  • Asia Pacific

  • South America

  • Middle East and Africa

By type/function

By app

  • Automotive

  • Consumer electronics

  • Industrial

  • Medical equipement


8.1%% (Analysis of the current market)

Personalization available

Yes, the report can be customized according to your needs. (Free 15% customization)

delivery format

PDF and Excel by e-mail

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Main points covered in the table of contents:

  • Market overview: It includes six sections, research scope, key manufacturers covered, market fragments by type, Microcontrollers market shares by application, study objectives and years considered.

  • Market landscape: Here, the global Microcontrollers market opposition is dissected, by value, revenue, transactions, and slice of the pie by organization, market rate, fierce circumstances Most recent landscape and patterns, consolidation, development, obtaining and parts of the l global industry of the best organizations.

  • Manufacturer Profiles: Here, the driving players of the global Microcontrollers market are considered dependent on region of transactions, key elements, net benefit, revenue, cost, and creation.

  • Market Status and Outlook by Region: In this segment, the report examines net benefit, transactions, revenue, creation, global industry share, CAGR and market size by region. Here, the Global Microcontroller Market is thoroughly examined based on regions and countries like North America, Europe, China, India, Japan, and MEA.

  • Application or end user: This segment of the exploration study demonstrates how extraordinary end-customer/application sections are added in the global Microcontroller market.

  • Market forecast: production side: In this part of the report, the creators have focused on the conjecture of creation and creation esteem, the gauge of the main manufacturers and the estimation of creation and creation esteem by type.

  • Research results and conclusion: This is one of the last segments of the report where the findings of the investigators and the end of the exploratory study are given.

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