North America Microcontroller Market Size & Outlook
North America microcontroller market, 2017-2030 (US$M)
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North America microcontroller market highlights
- The North America microcontroller market generated a revenue of USD 4,409.5 million in 2023.
- The market is expected to grow at a CAGR of 10.6% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,409.5 million |
| Market revenue in 2030 | USD 8,899.2 million |
| Growth rate | 10.6% (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, North America region accounted for 19.4% 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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North America 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 50% in 2023. Horizon Databook has segmented the North America 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 North America can be attributed to the continued automation across automotive, healthcare, and consumer electronics, among other industries. Microcontrollers play a crucial role in these industries by providing control and processing capabilities to various devices and systems.
The rising demand for Internet of Things (IoT) devices and the growing popularity of smart homes are also driving the growth of the microcontroller market in North America. Microcontrollers form the key component of IoT devices, providing the necessary connectivity and processing power to enable these devices to function effectively.
The rising need for smart and connected devices is one of the key factors influencing the microcontroller market growth in North America. The region is at the forefront of the advances in Internet of Things (IoT) technology, which connects commonplace gadgets to the internet and allows them to communicate mutually and exchange data.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America microcontroller market , including forecasts for subscribers. This continent databook contains high-level insights into North America microcontroller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America microcontroller market size, by country, 2017-2030 (US$M)
North America Microcontroller Market Outlook Share, 2023 & 2030 (US$M)
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