U.S. Microcontroller Market Size & Outlook, 2023-2030
U.S. microcontroller market, 2017-2030 (US$M)
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U.S. microcontroller market highlights
- The U.S. microcontroller market generated a revenue of USD 3,207.0 million in 2023 and is expected to reach USD 6,293.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.1% 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 3,207.0 million |
| Market revenue in 2030 | USD 6,293.3 million |
| Growth rate | 10.1% (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, U.S. accounted for 14.1% 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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U.S. 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 50.38% in 2023. Horizon Databook has segmented the U.S. microcontroller market based on 8-bit, 16-bit, 32-bit covering the revenue growth of each sub-segment from 2017 to 2030.
Microcontrollers are a key component in these industries, providing the necessary processing power and control to various devices and systems. Furthermore, the growing demand for smart homes and connected devices is also driving the growth of the U.S. microcontroller market. Microcontrollers are essential in enabling these devices to communicate and function effectively.
One of the factors propelling the microcontroller market growth in the U.S. is the increasing demand for smart and connected devices. The country is a leader in the development of Internet of Things (IoT) technologies, which aim to connect everyday devices to the internet and enable them to exchange data and interact with each other.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. microcontroller market , including forecasts for subscribers. This country databook contains high-level insights into U.S. microcontroller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. microcontroller market size, by product, 2017-2030 (US$M)
U.S. Microcontroller Market Outlook Share, 2023 & 2030 (US$M)
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