Microcontroller Market Size To Reach $69.87 Billion By 2030

Microcontroller Market Growth & Trends

The global microcontroller market size is expected to reach USD 69.87 billion by 2030, registering a CAGR of 11.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. With the rise in healthcare expenditure worldwide, driven by an increasing prevalence of disorders such as immunodeficiency are growing in population, a growing percentage of the elderly, and the occurrence of diseases like diabetes and high blood pressure, there is a corresponding surge in the demand for electronic medical devices to measure sugar levels and blood pressure.

Manufacturers of medical devices are responding by introducing reliable and cost-effective equipment to the market. Microcontrollers play a critical role in various medical care devices, ensuring greater affordability and reliability. Devices such as blood pressure monitors and blood glucose meters incorporate a significant number of microcontrollers (MCUs). Consequently, the medical industry has a substantial demand for MCUs.

Prominent companies across various sectors such as telecommunications, consumer electronics, and automotive are placing significant emphasis on the integration of Artificial Intelligence (AI) into their products. One notable example is Qualcomm Technologies, Inc., which has made substantial investments in the research and development of on-device AI. This increased focus on AI has enabled the integration of machine learning capabilities in automobiles, smartphones, robots, and drones, thanks to advancements in computing power and enhanced AI algorithms.

On-device AI offers enhanced security and privacy protection as all data processing takes place offline and directly on the device. The AI industry is witnessing a notable shift towards embedded artificial intelligence. These cutting-edge advancements in AI and machine learning are opening up new avenues for the application of microcontrollers in various fields, including medical, smart cities, smart factories, IoT, and more. As a result, this development is expected to create growth opportunities for the market players.

Manufacturers of microcontrollers (MCUs) are actively developing innovative products and consistently delivering groundbreaking solutions. This trend creates opportunities for market growth. The interconnectedness of devices such as security systems, televisions, gaming consoles, home appliances, smart meters, tablets, and smartphones has driven significant advancements in microcontroller technology and is expected to drive the demand for IoT microcontrollers.

Many of these connected devices operate on batteries for extended periods without requiring replacement or maintenance, necessitating energy-efficient IoT end-node applications. The reduced costs of essential components like processors and sensors, combined with the increased utilization of wireless connectivity, have facilitated the development of intelligent products capable of seamless communication without human intervention.

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Microcontroller Market Report Highlights

• In terms of product, the microcontroller market is classified into 8-Bit, 16-Bit, 32-Bit, and 64-Bit. Among these, the 32-Bit segment dominated in 2023, gaining a revenue share of over 50.0%. It is expected to grow at a CAGR of 12.3% throughout the forecast period.

• In terms of type, the microcontroller market is classified into Peripheral Interface Controller (PIC), ARM, 8051, TriCore, and Others. The ARM segment dominated in 2023, gaining a revenue share of over 47.0%.

• In terms of architecture, the microcontroller market is classified into Harvard architecture, Von Neumann architecture, and others. The Von Neumann architecture segment dominated in 2023, gaining a revenue share of over 42.0%.

• In terms of instruction set, the microcontroller market is classified into Reduced Instruction Set Computer (RISC) and Complex Instruction Set Computer (CISC). The Reduced Instruction Set Computer (RISC) segment dominated in 2023, gaining a revenue share of over 72.0%.

• The consumer electronics & telecom segment dominated the overall market with a revenue share of over 25.0% in 2023. The segment is expected to witness a CAGR of 10.7% during the forecast period.

• The Asia Pacific microcontroller market dominated in 2023, gaining a revenue share of over 59.0%. It is expected to grow at the fastest CAGR of 12.6% throughout the forecast period.

Microcontroller Market Segmentation

Grand View Research has segmented the global microcontroller market report based on product, type, architecture, instruction set, application, and region:

Microcontroller Product Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• 8-Bit

• 16-Bit

• 32-Bit

• 64-Bit

Microcontroller Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Peripheral Interface Controller (PIC)

• ARM

• 8051

• TriCore

• Others

Microcontroller Architecture Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Harvard Architecture

• Von Neumann Architecture

• Others

Microcontroller Instruction Set Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Reduced Instruction Set Computer (RISC)

• Complex Instruction Set Computer (CISC)

Microcontroller Application Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Automotive

• Consumer Electronics & Telecom

• Industrial

• Embedded Systems

  • Hardware

  • Software/Embedded Development Tools

• Medical Devices

• Aerospace & Defense

• Others

Microcontroller Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• South America

  • Brazil

• Middle East and Africa (MEA)

  • KSA

  • UAE

  • South Africa

List of Key Players of Microcontroller Market

• Infineon Technologies AG

• Fujitsu Semiconductor Limited

• Microchip Technology Inc.

• NXP Semiconductors

• Renesas Electronics Corporation

• STMicroelectronics

• TE Connectivity Ltd.

• Texas Instruments Incorporated

• Toshiba Electronic Devices & Storage Corporation

• Yamaichi Electronics Co., Ltd.

• Zilog, Inc.

• Broadcom