Growing Penetration of Automotive and Medical Applications Drives Microcontroller Market

The rising demand from the automotive industry has been aiding the global microcontrollers (MCUs) market . A considerable number of MCUs are required in an average automobile to make it function effectively. Furthermore, with the integration of novel features such as GPS and keyless entry, an automobile now requires MCUs embedded with their support circuits more than ever.   In a report, titled “Microcontrollers (MCU) Market - Global Industry Analysis, Size, Share, Growth and Forecast 2012 - 2018,” Transparency Market Research studies the growth trajectory exhibited by the global market for microcontrollers and presents insights into the factors influencing its growth trends.

Detailed Description of Microcontrollers Market at:

According to the report, the global market for MCUs is expected to reach an estimated valuation of US$28.49 bn by 2018, from US$15.7 bn in 2011. If the figures hold true, the global MCU market will exhibit a CAGR of 9.0% between 2011 and 2018. By volume, the market stood at 10.64 billion units in 2011 and is expected to reach 29 billion units by 2018, therefore, exhibiting a robust CAGR of 16.0% from 2012 to 2018.

Microcontrollers are application-specific circuits and are embedded inside the device they control. Hence, these circuits are also referred to as embedded controllers. MCUs include memory devices, a processor, and peripherals. Since, these microcontrollers are integrated inside devices depending on user interaction and requiring real-time control, the market for MCUs gains significant impetus from the increasing popularity of touch sensing technology.

The market for MCUs has been witnessing rising demand ever since the advent of smartphones, phablets, tablets, and other smart gadgets. Additionally, the most widely used consumer electronic products such as microwave ovens, televisions, and washing machines also depend on MCUs for their operation....