Mexico Microcontroller Market Size & Outlook, 2023-2030
Mexico microcontroller market, 2017-2030 (US$M)
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Mexico microcontroller market highlights
- The Mexico microcontroller market generated a revenue of USD 458.2 million in 2023 and is expected to reach USD 961.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.2% 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 458.2 million |
| Market revenue in 2030 | USD 961.7 million |
| Growth rate | 11.2% (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, Mexico accounted for 2.0% of the global microcontroller market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. microcontroller market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,644.2 million by 2030.
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Microcontroller Market Scope
Microcontroller Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 46.53% in 2023. Horizon Databook has segmented the Mexico microcontroller market based on 8-bit, 16-bit, 32-bit covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the microcontroller market in Mexico can be attributed to the continued automation across automotive, healthcare, and consumer electronics, among other industries. Additionally, the rising demand for connected devices, including Internet of Things (IoT) devices, is also driving the growth of the microcontroller market in Mexico.
The automotive industry in Mexico is a major consumer of microcontrollers. With the country being one of the largest automobile manufacturers in the world, the demand for microcontrollers is increasing rapidly in Mexico. Microcontrollers are used in various automotive applications, including engine management systems, airbag controllers, and anti-lock braking systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico microcontroller market , including forecasts for subscribers. This country databook contains high-level insights into Mexico microcontroller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico microcontroller market size, by product, 2017-2030 (US$M)
Mexico Microcontroller Market Outlook Share, 2023 & 2030 (US$M)
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