India Microcontroller Market Size & Outlook, 2023-2030
India microcontroller market, 2017-2030 (US$M)
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India microcontroller market highlights
- The India microcontroller market generated a revenue of USD 2,136.0 million in 2023 and is expected to reach USD 5,125.4 million by 2030.
- The India market is expected to grow at a CAGR of 13.3% 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.
Microcontroller market data book summary
| Market revenue in 2023 | USD 2,136.0 million |
| Market revenue in 2030 | USD 5,125.4 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | 32-bit |
| Fastest growing segment | 32-bit |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 9.4% of the global microcontroller market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China microcontroller market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,125.4 million by 2030.
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Microcontroller Market Scope
Microcontroller Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 46.69% in 2023. Horizon Databook has segmented the India microcontroller market based on 8-bit, 16-bit, 32-bit covering the revenue growth of each sub-segment from 2017 to 2030.
India is a rapidly growing market for microcontrollers, with the presence of a large and rapidly expanding electronics industry. The country is a significant producer of industrial and automotive equipment, as well as electronic devices such as smartphones, tablets, and other smart devices.
The growing need for affordable microcontrollers for use in a variety of applications, including home automation, internet of things, and smart appliances, is one of the key trends in the microcontroller market in India. The rising middle-class population as well as the increasing affordability of electronic goods are the trends driving the market growth in India.
The growing emphasis on renewable energy and energy efficiency, driven by the country's aim to lower greenhouse gas emissions and enhance energy security, is another trend in the Indian microcontroller industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the India microcontroller market , including forecasts for subscribers. This country databook contains high-level insights into India microcontroller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India microcontroller market size, by product, 2017-2030 (US$M)
India Microcontroller Market Outlook Share, 2023 & 2030 (US$M)
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