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The EMEA microcontroller market size is forecast to increase by USD 1.70 billion, at a CAGR of 6.72% between 2023 and 2028. The automotive industry is witnessing a significant shift towards the integration of microcontrollers to enhance vehicle functionality and improve fuel efficiency. Simultaneously, the increasing demand for IoT and smart devices is driving the growth of the consumer electronics industry. Microcontrollers are essential components in the development of IoT devices, enabling seamless connectivity and data processing. The automotive and consumer electronics industries are converging, leading to the emergence of smart cars and advanced consumer electronics. This convergence is expected to create new opportunities for microcontroller manufacturers and suppliers, as well as drive innovation and growth in these industries.
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The market is witnessing significant growth due to the increasing demand for automation and digitalization across various industries. Microcontrollers are integral components in Industrial Automation, Industrial Robots, COBOTs, Rollers, Automated Guided Vehicles, and various other applications. The market is driven by factors such as urbanization, the rise of connected cars, and the increasing usage in medical devices and aerospace and defense industries. Microcontrollers find extensive applications in Consumer Electronics, Home Appliances, Automotive Systems, and Healthcare Solutions. The market is segmented based on the type of microcontroller, which includes RAM,
Flash Memory, and Serial Ports. The Automotive Systems segment is expected to dominate the market due to the increasing demand for advanced driver assistance systems and electric vehicles. The market is highly competitive, with key players including Texas Instruments, Infineon Technologies, Microchip Technology, and STMicroelectronics. These companies are investing heavily in research and development to launch new products and expand their market share. The market is expected to grow at a CAGR of over 7% during the forecast period.
The increasing use of microcontrollers in automobiles is the key factor driving the growth of the market. The control of different functions within automotive ECUs, such as control of seats, power windows, braking systems, security systems, steering, lights, and headlights is carried out by microcontrollers. These functions enable the efficient functioning of automobiles. The demand for automobiles in EMEA is on the rise due to favorable economic growth, growing disposable income, and urbanization.
Additionally, government initiatives and incentives that promote electric and hybrid vehicles have further boosted the demand for microcontrollers. Alternative sources of transport fuels such as electricity are unavoidable due to the fact that oil is a major source of exports and resources for many countries in the Middle East have become so hard to come by. To reduce fuel consumption, automobiles use multiple microcontrollers to operate a number of functions such as ECU diagnostics and engine management. Thus, the increasing investments in autonomous cars will lead to high demand for microcontrollers, which will boost the growth of the EMEA microcontroller market during the forecast period.
The emergence of edge computing is a primary trend in the EMEA microcontroller market. Edge computing refers back to the computing packages done on the network edge, close to the supply of data generation, in preference to data centers that are positioned far away, in remote places. In edge computing, systems focus on the proximity of data analysis processes with the source of data to enhance and optimize network operations and process speed.
Moreover, the rising deployment of edge computing in IoT networks will lead to increased utilization of microcontrollers for edge computing purposes. Typically, in IoT devices, microcontrollers perform the function of networking, sensor reading, updating displays, and managing timers and other interrupts. But, Microchips are always idle in the Internet of Things devices. The use of microcontrollers is available to implement edge computing. Therefore, the emergence of edge computing will increase the demand for microcontrollers, which will boost the growth of the EMEA microcontroller market during the forecast period.
The manufacturing challenges associated with microcontrollers affect the growth of the market. The longer development timeframes for the production of microcontrollers have been achieved due to higher design and application complexity. This is attributed to the increasing integration of complex components, devices, peripherals, or software functionalities while manufacturing microcontrollers. However, companies in the Europe, Middle East, and Africa (EMEA) microcontroller (MCU) market are increasingly facing challenges due to shorter technology obsolescence windows.
Moreover, the growing criticality in the design and manufacturing phase of microcontrollers is apparent from shorter design to production and time-to-market cycles. In addition, market companies need to attain economies of scale that allow them to have low ASPs and still remain profitable and competitive. Consequently, it is likely that large quantities of finished products will be affected by malfunctions in the manufacture of microcontrollers. This leads to an increased cost of defective microcontroller manufacturing, which can impact microcontroller production and, in turn, will negatively impact the growth of the market during the forecast period.
The market share growth by the automotive segment will be significant during the forecast period. Automotive OEMs are integrating advanced safety features, such as blind-spot detection and alert systems and collision-avoidance systems, in particular, due to the increasing number of road accidents and the stringent fuel efficiency and carbon dioxide and carbon monoxide emission regulations in the EMEA region, in their vehicles.
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The automotive segment showed a gradual increase in the market share of USD 1.60 billion in 2018. Automotive OEMs are integrating advanced features, such as gesture recognition and voice recognition, to differentiate their product offerings. The microcontrollers which form the core of any motor control system have been fitted with engineered systems enabling these features to work. The developments in automobiles will increase the demand for microcontrollers and, in turn, will boost the growth of the EMEA microcontroller market during the forecast period.
32-bit microcontrollers are devices that perform arithmetic and logical functions on 32-bit data. These devices are integrated with tiny peripherals such as memory, CPU, and I/O peripherals to support the operations of microcontrollers. These microcontrollers are equipped with a larger data bus, which allows for a better understanding of the different unique memory addresses. They've got a larger register size, which allows you to manipulate the data more often per cycle of instruction. The rising complexity of applications and the need for enhanced processing power is driving the demand for 32-bit microcontrollers. These microcontrollers offer higher computational capabilities, enabling more advanced functionalities, faster data processing, and improved performance. There is also a need for the presence of 32-bit microcontrollers to drive technological progress toward fully autonomous and semi-autonomous driving systems, which will lead to Europe, Middle East, and Africa (EMEA) microcontroller (MCU) market growth. Hence, the growing demand for advanced functionalities, IoT devices, and automotive electronics are the major factors driving the growth of the 32-bit microcontroller segment of the EMEA microcontroller market during the forecast period.
The market research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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Microcontrollers (MCUs) are the brain of electronic devices, integrating computing, input/output, and memory functions. MCUs find extensive applications in various industries, including Industrial Automation, Robotics, and Consumer Electronics. In Industrial Automation, MCUs control Industrial Robots, COBOTs, Rollers, Automated Guided Vehicles, and other machinery. Urbanization and the millennial population's growing demand for smart homes and cities fuel the market's growth. In the Consumer Electronics sector, MCUs power Smartwatches, Semiconductor Devices, Sensors, and Electric Vehicles (EVs). Moreover, the increasing popularity of connected cars, medical devices, and wearable medical devices further boosts the market. MCUs also play a crucial role in Automobiles, Embedded Systems, and Aerospace and Defense. Advanced safety features, Artificial Intelligence (AI), and Machine Learning (ML) applications are driving the market's expansion.
MCUs consist of a Processor Unit, Input/Output Ports, On-chip Storage, Wireless Communication Modules, Computing Units, Peripherals, and other components. The market's growth is attributed to the increasing demand for smaller, more energy-efficient devices. In conclusion, the Microcontroller market's future looks promising, with continuous advancements in technology and a wide range of applications across various industries. Further, the market is thriving with advancements driven by diverse applications across industries such as automotive, industrial manufacturing, and consumer electronics. MCUs are integral in automated material handling systems, hybrid and electric vehicles, and domestic appliances, leveraging their capabilities in analog to digital converters and digital processing. They play crucial roles in 5G Narrowband IoT networks, IoT devices, and semiconductor solutions, supporting functionalities like signal conditioning and power management. With applications in spirometers, heart rate monitors, and pulse oximeters, MCUs facilitate precise data acquisition in healthcare.
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Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.72% |
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Market growth 2024-2028 |
USD 1.70 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.18 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Advanced Micro Devices Inc., Analog Devices Inc., Broadcom Inc., ELAN Microelectronics Corp., Furukawa Electric Co. Ltd., Infineon Technologies AG, Intel Corp., Lattice Semiconductor Corp., Littelfuse Inc., Marvell Technology Inc., Microchip Technology Inc., Nordic Semiconductor ASA, NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Silicon Laboratories Inc., STMicroelectronics International N.V., Texas Instruments Inc., and Toshiba Corp. |
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Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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