Technavio Says the Automotive and Industrial Segments Will Contribute to the Growth of the Global Microcontroller Market Through 2019
June 9, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the global microcontroller market, which is expected to grow at a CAGR of 7% from 2015-2019.
About the Report
The new Technavio report draws attention towards two crucial segments that are contributing to the growth of the market: The automotive and industrial segments. Microcontroller units (MCUs) are increasingly used in automobiles for applications like lane detection, parking systems, accident detectors and sensors.
“Many industries in different regions are becoming automated, which is boosting the demand for vehicles embedded with microcontrollers,” says Faisal Ghaus, Vice President of Technavio.
The latest market research report by Technavio also highlights the increasing adoption of touchscreen devices which will expedite the growth of microcontrollers in the near future. Touchscreen sensors in the automotive and industrial segments will also drive market growth.
“The demand for these devices is high, particularly in the developing countries in the APAC region, as several industries are undergoing automation, which requires microcontrollers to be used in sensors,” elaborates Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the global microcontroller market from 2015-2019. To calculate the market size, we have considered the revenue generated from the shipment of microcontrollers to original equipment manufacturers.
Key Information Covered in the Report:
- Key Vendors:
- Atmel Corp.
- Freescale Semiconductor
- Infineon Technologies AG
- Renesas Electronics Corp.
- STMicroelectronics
- Market Growth Drivers:
- Increased use in automotive and industrial segments
- For a full detailed list, view our report.
- Market Challenges:
- Long design and development cycle for automotive applications
- For a full detailed list, view our report.
- Market Trends:
- Increased adoption of touchscreen devices
- For a full detailed list, view our report.
Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the controller market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150609005745/en/
Technavio Research
Jes Ellacott
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UK: +44-208-123-1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
