Europe Microcontroller Market Size & Outlook, 2023-2030
Europe microcontroller market, 2017-2030 (US$M)
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Europe microcontroller market highlights
- The Europe microcontroller market generated a revenue of USD 3,481.9 million in 2023.
- The market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, 32-bit was the largest revenue generating product in 2023.
- 32-bit is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,481.9 million |
| Market revenue in 2030 | USD 6,683.9 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | 32-bit |
| Fastest growing segment | 32-bit |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 8-bit, 16-bit, 32-bit |
| Key market players worldwide | Infineon Technologies AG, Fujitsu Ltd, Microchip Technology Inc, NXP Semiconductors NV, Renesas Electronics Corp, STMicroelectronics NV, TE Connectivity Ltd, Texas Instruments Inc, Toshiba Corporation, Broadcom Inc, Yamaichi Electronics, Zilog |
Other key industry trends
- In terms of revenue, Europe region accounted for 15.3% of the global microcontroller market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,731.0 million by 2030.
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Microcontroller Market Scope
Microcontroller Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe microcontroller market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microcontroller market will help companies and investors design strategic landscapes.
32-bit was the largest segment with a revenue share of 48.5% in 2023. Horizon Databook has segmented the Europe microcontroller market based on 8-bit, 16-bit, 32-bit covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing demand for automation and Internet of Things (IoT) across industries such as automotive, healthcare, and consumer electronics is driving the growth of the microcontroller market in Europe. Microcontrollers are a critical component in these industries, providing the necessary processing power and control to various devices and systems.
The growth of the automotive industry in Europe is also driving the growth of the microcontroller market. Microcontrollers play a crucial role in automotive electronics applications, including engine management, safety systems, and infotainment systems. The growing trend of smart homes and connected devices is also driving the demand for microcontrollers in Europe.
Microcontrollers are essential in enabling these devices to communicate and function effectively. The increasing focus on renewable energy and the need for energy-efficient solutions are also driving the growth of the microcontroller market in Europe. Microcontrollers are increasingly being used in solar inverters, wind turbines, and other energy-efficient applications.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe microcontroller market , including forecasts for subscribers. This continent databook contains high-level insights into Europe microcontroller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe microcontroller market size, by country, 2017-2030 (US$M)
Europe Microcontroller Market Outlook Share, 2023 & 2030 (US$M)
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