Global Microcontroller Market 2019-2023 | Development of Edge Computing Drives Growth | Technavio
LONDON--(BUSINESS WIRE)--Dec 5, 2018--The global microcontroller market research report by predicts the market to post a CAGR of close to 7% during the period 2019-2023.
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Technavio has released a new market research report on the global microcontroller market for the period 2019-2023. (Graphic: Business Wire)
A key driver for the global microcontroller market is the increasing use of microcontrollers in automobiles. Various ECU functions such as controlling seats, power windows, braking systems, safety systems, steering, taillights, and headlights are controlled using microcontrollers in automobiles. These functions help in the efficient functioning of automobiles. To reduce fuel consumption, the automobiles use multiple microcontrollers for managing functions such as ECU diagnostics and powertrain functions.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the development of edge computing as one of the key trends in the global microcontroller market:
Global microcontroller market: Development of edge computing
In edge computing, the systems concentrate on the proximity of data analysis processes with the data source to enhance and optimize the network operations and process speed. Edge computing focuses on IoT devices, wherein the devices themselves collect and analyze the data, or transmit to nearest server for analysis, leading to quicker data retrieval and application when compared with standard cloud data center networks.
“There will be increased utilization of microcontrollers for edge computing purposes with the increasing deployment of edge computing in IoT networks. The microcontrollers perform the function of networking, sensor reading, updating displays, and managing timers and other interrupts in IoT devices. With the deployment of edge computing, the processing operations can be performed near the data sources, which helps to enhance IoT network functioning,” says a senior research analyst at Technavio.
Global microcontroller market: Segmentation analysis
This microcontroller market analysis report segments the market by product (32-bit microcontrollers, 8-bit microcontrollers, and 16-bit microcontrollers) and geography (the Americas, APAC, and EMEA).
The 32-bit microcontrollers segment held the largest microcontroller market share in 2018, accounting for nearly 41% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The APAC region led the market in 2018 with around 62% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 12/05/2018 09:35 AM/DISC: 12/05/2018 09:35 AM