Middle East & Africa Microcontroller Market Size & Outlook
Middle East & Africa microcontroller market, 2017-2030 (US$M)
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MEA microcontroller market highlights
- The MEA microcontroller market generated a revenue of USD 883.4 million in 2023.
- The market is expected to grow at a CAGR of 8.3% 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.
MEA data book summary
| Market revenue in 2023 | USD 883.4 million |
| Market revenue in 2030 | USD 1,543.3 million |
| Growth rate | 8.3% (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, MEA region accounted for 3.9% 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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Middle East & Africa 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 53.4% in 2023. Horizon Databook has segmented the Middle East & Africa microcontroller market based on 8-bit, 16-bit, 32-bit covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East & Africa (MEA) microcontroller market is expanding steadily as a result of the rising demand for microcontrollers across industries such as automotive, industrial, healthcare, and consumer devices. In terms of consumer electronics, the MEA region is witnessing an increase in demand for wearables, IoT-enabled devices, and smart home gadgets.
This is creating a growing need for microcontrollers with wireless connectivity features. One of the key factors propelling the expansion of the microcontroller market in the MEA region is the automotive industry. The demand for advanced microcontrollers is driven by the increase in the number of electric vehicles, connected automobiles, and autonomous vehicles.
Microcontrollers are also being used in the industrial industry for automation, control, and monitoring systems. Additionally, microcontrollers are being used in medical equipment and devices in the MEA region. The regional microcontroller market is expanding due to the rising demand for portable medical equipment, remote tracking devices, and diagnostic tools.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa microcontroller market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa microcontroller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Microcontroller Market Outlook Share, 2023 & 2030 (US$M)
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