San Francisco, 14 January 2030: The Report Microcontroller Market Analysis by Product (8-Bit, 16-Bit, 32-Bit, 64-Bit), By Type (Peripheral Interface Controller (PIC), ARM, 8051, TriCore, Others), By Architecture, By Instruction Set, By Application, And Region Segment Forecasts, 2024 - 2030
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.
Request sample report of Microcontroller Market@ https://www.grandviewresearch.com/industry-analysis/microcontroller-market/request/rs1
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.
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.
The growth is expected to be driven by the increasing adoption of MCUs across the smart grid systems for smart meter applications and the rising demand for microcontrollers from the automotive and medical sectors. The expenditure on global healthcare services is on the rise due to the increasing prevalence of immunodeficiency disorders, the growing percentage of elderly individuals, and the occurrence of diseases like diabetes and high blood pressure. Consequently, there is a growing need for electronic medical devices to measure blood pressure and sugar levels. Medical device manufacturers are introducing affordable and dependable medical equipment into the market.
Microcontrollers play a crucial role in various medical care devices, ensuring higher affordability and reliability. Devices including blood glucose meters incorporate a significant number of microcontrollers (MCUs). Therefore, there is a high demand for microcontrollers from the medical and healthcare industry. In addition, prominent companies in sectors such as telecommunications, consumer electronics, and automotive are focusing intensely on integrating artificial intelligence into their products. For example, Qualcomm Technologies, Inc. has made significant investments in on-device AI research and development.
Microcontroller manufacturers are actively developing innovative products and consistently delivering groundbreaking solutions, thereby creating significant opportunities for market growth. The emergence of a network of interconnected devices including smart meters, home appliances, security systems, tablets, gaming consoles, televisions, and smartphones has led to numerous advancements in microcontroller technology. This, in turn, is expected to drive the demand for IoT microcontrollers.
Microcontroller Market Report Scope
Report Attribute Details Market size value in 2023 USD 32.37 billion Revenue forecast in 2030 USD 69.87 billion Growth rate CAGR of 11.7% from 2024 to 2030 Actual data 2017 - 2023 Forecast period 2024 - 2030
Many of these connected devices, designed to operate on batteries for extended periods without requiring replacement or maintenance, rely on the Internet of Things (IoT) end-node applications. The declining costs of essential components such as processors and sensors, coupled with the increasing utilization of wireless connectivity, has facilitated the development of intelligent products capable of seamless communication with one another without human intervention.
Advancements in computing power and enhanced AI algorithms are enabling the integration of machine learning in various domains such as automobiles, smartphones, robots, and drones. This progress has facilitated the rise of on-device AI, which offers improved security and privacy protection by processing data offline directly on the device. Embedded artificial intelligence is becoming increasingly prevalent in the AI industry. These cutting-edge developments in AI and machine learning are opening up new avenues for the utilization of microcontrollers in fields including medical, smart cities, smart factories, IoT, and more. As a result, the market for microcontrollers is expected to witness growth opportunities.
Mar 12, 2020: The global Filters market size is expected to reach USD 110.8 billion by 2027, expanding at a CAGR of 5.1%, according to a new report by Radiant Insights, Inc.
Rapid technological advancements coupled with growing demand for filtration for industrial, commercial, and household purposes is anticipated to drive the market.Presence of stringent regulatory framework, which stipulates lowering of the exhaust emissions, is anticipated to boost the product demand in the automotive industry.
In addition, increasing investments towards the installation of high-quality filters in the cars for cabin air filtration by the automobile manufacturers is anticipated to benefit market growth over the forecast period.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/filters-market/request-sampleGrowing population, depletion of water resources, and contamination of ground and surface water has resulted in an increased adoption of water treatment processes to improve the water quality.
In addition, rapid industrialization in developing economies such as Asia Pacific is anticipated to further result in shortage of potable water, which is likely to promote the demand for water filtration systems.Major market players such as Affinia Group Intermediate focus on integrated third party production/distribution and supply directly to end-use companies.
Further key findings from the report suggest:The ICE filters segment accounted for USD 32.9 billion in 2019 and is projected to witness strong growth over the forecast period on account of growing production of automobiles and rising spending power among people across the globeThe motor vehicle application segment is anticipated to reach USD 55.9 billion in 2027 owing to growing demand for vehicles coupled with rising environmental awareness across the globeThe filters market in Europe is projected to witness a CAGR of 3.7% from 2020 to 2027 and reach USD 25.2 billion in 2027 due to the implementation of stringent regulations by government authorities to control the emission level from automobiles and industrial exhaust emissions in the regionThe market in Asia Pacific accounted for USD 32.1 billion in 2019 and is estimated to grow at a CAGR of 6.4% over the forecast period.
Filters Market - Porter’s Analysis3.10.1 Supplier Power3.10.2 Buyer Power3.10.3 Substitution Threat3.10.4 Threat from New Entrant3.10.5 Competitive Rivalry3.11 Filters Market - PESTEL Analysis3.11.1 Political Landscape3.11.2 Environmental Landscape3.11.3 Social Landscape3.11.4 Technology Landscape3.11.5 Economic LandscapeContinued………….
A satellite modem (also known as a sat modem) is used to establish data transfers with the use of communications satellite as a relay device.
A satellite modem is primarily used to transform an input bitstream to a radio signal and vice versa.In terms of end users, the market for military & defense is expected to grow at the highest rate during the forecast period.
In the military & defense industry, reliable, secure, and uninterrupted communication is crucial irrespective of the location and weather condition.
For this, satellite connectivity with the help of modems is the ideal solution.
Furthermore, satellite modems also help in providing secure communication by following the encryption technology, which would make modem perfectly suitable for military & defense purposes.Get Sample Copy of this Report @ https://dataintelo.com/request-sample/?reportId=7066The US is at the forefront of adopting and installing the satellite communication network for all these industries.
The satellite modem market in APAC is likely to grow at a high rate between 2018 and 2023.
Mar 12, 2020: The global Prosthetics and Orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 4.6% CAGR over the forecast period.
Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics.
For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050.
The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/prosthetics-and-orthotics-market/request-sampleIncreasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent.
Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period.
Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segmentBy revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
