Authored By: Sarah
23 Aug 2024

Microcontroller (Mcu) Market in EMEA Size to grow by USD 1703.1 million between 2024-2028

The Microcontroller (Mcu) Market in EMEA is segmented by Application (Automotive, Consumer devices, Industrial, and Others), Product (32-bit microcontrollers, 16-bit microcontrollers, and 8-bit microcontrollers), and Geography (EMEA). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 1703.1 million, at a CAGR of 6.72% during the forecast period. There are several companies that are contributing to the market as per this report. Emergence of edge computing .

By Application, the Automotive segment is projected to dominate the market size in 2024

The Microcontroller (Mcu) market in EMEA (Europe, Middle East, and Africa) is experiencing significant growth due to the increasing adoption of automation and IoT (Internet of Things) technologies. Key players in this market include Infineon Technologies AG, STMicroelectronics, and Texas Instruments. These companies are investing heavily in research and development to offer advanced solutions that cater to various industries, such as automotive, healthcare, and industrial automation. The market is expected to continue its upward trajectory, driven by the region's economic growth and technological advancements.

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Why is EMEA forecasted to hold the largest regional market size in 2024?

The Microcontroller (Mcu) market in EMEA (Europe, Middle East, and Africa) is experiencing significant growth due to increasing demand for automation and IoT applications. Key players in this market include Infineon Technologies AG, STMicroelectronics, and Texas Instruments. These companies are investing heavily in research and development to offer advanced MCUs with superior performance and connectivity features. The region's automotive, industrial, and consumer electronics sectors are major contributors to this market's growth.

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Research Analysis Overview

The Microcontroller (Mcu) market in EMEA (Europe, Middle East, and Africa) is witnessing significant growth due to the increasing adoption of microcontrollers in various industries. The healthcare sector is a major contributor to this growth, with the demand for microcontrollers in healthcare solutions such as medical devices and telehealth systems on the rise. In the automotive industry, microcontrollers are being used extensively in automotive systems, connected cars, and automated guided vehicles. The consumer electronics industry is another major consumer of microcontrollers, with applications ranging from home appliances to wearable devices. The aerospace and defense industry also relies heavily on microcontrollers for various applications, including flight control systems and communication systems. Microcontrollers are also playing a crucial role in industrial automation, with applications in industrial robots, COBOTs, and rollers. The trend towards urbanization and the need for efficient and automated manufacturing processes are driving the demand for microcontrollers in this sector. Microcontrollers come in various configurations, including those with serial ports, flash memory, and RAM. These features make them ideal for various applications, from simple control systems to complex industrial automation systems. Overall, the Microcontroller market in EMEA is expected to grow at a CAGR of over 5% during the forecast period, driven by the increasing demand for automation and connectivity across various industries.

Market Research Overview

The Microcontroller (Mcu) market is a segment of the larger global semiconductor market, which encompasses semiconductor manufacturers producing integrated circuits (ICs), including memory, logic, analog, and micro components, optoelectronics, sensors, and discrete semiconductors. According to Technavio, the global semiconductor market size is determined by the revenue generated from the shipment of semiconductor ICs to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). This market consists of both fab and fabless companies, as well as integrated device manufacturers (IDMs). The global semiconductor market growth is driven by significant investments in constructing new fabrication plants (fabs) and expanding existing ones. - The Microcontroller (Mcu) Market in EMEA is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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