Global Microcontrollers Market Size, Share & Industry Trends Analysis Report By Type, By Application (Consumer Electronics & Telecom, Industrial, Automotive, Medical Devices, Aerospace & Defense, and Others), By Regional Outlook and Forecast, 2023 - 2030

Analysis of Market Size & Trends

The Global Microcontrollers Market size is expected to reach $44 billion by 2030, rising at a market growth of 11.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,369.4 million Units experiencing a growth of 11.3% (2019-2022).

The Internet of Things (IoT) has gained momentum in North America, leading to the adoption of microcontrollers in smart home devices, connected appliances, and infrastructure for smart cities. Therefore, North America segment generated $5,046.9 million revenue in the market in 2022. The healthcare industry in North America extensively uses microcontrollers in medical devices for monitoring, diagnostics, and treatment. The region witnesses a high demand for consumer electronics, including smartphones, smart TVs, wearables, and smart home devices.

The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In January, 2022, Fujitsu Limited rolled out 8Mbit FeRAM MB85RQ8MLX with Quad SPI interface, which is the largest density in Fujitsu’s SPI interface FeRAM product family. The launched product would attain a fast data transfer rate of 54MB per second at a maximum 108MHz of operating frequency in high-temperature environments up to 105°C. Moreover, In October, 2021, Renesas Electronics launched Arm Cortex M23 core, an addition to its 32-bit RA range of microcontrollers. The new product would offer an integration of a set of best-in-class peripherals targeted at IoT endpoint applications, reduced power consumption, and compact packaging options including a tiny 16-pin WLCSP device with dimensions of 1.87 x 1.84 mm.

KBV Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the KBV Cardinal matrix; Texas Instruments, Inc. and Intel Corporation are the forerunners in the Market. In March, 2023, Texas Instruments, Inc. launched a scalable Arm Cortex-M0+ microcontroller offering., a broad range of computing, pinout, memory, and integrated analog options. The launched product would offer flexibility to the customer's need to improve the sensing and control capabilities of their systems while cutting cost, complexity, and design time. Companies such as STMicroelectronics N.V., NXP Semiconductors N.V., and Infineon Technologies AG are some of the key innovators in the Market.

Market Growth Factors

Increasing smart home and building automation

The rise of smart homes and building automation systems has increased the demand for microcontrollers. They enable control over lighting, security, HVAC systems, and other smart home functionalities. Smart home automation relies heavily on microcontrollers to enable connectivity and control of various devices. Microcontrollers power smart thermostats, lighting systems, door locks, and other smart home devices, allowing users to manage their homes remotely. Microcontrollers, including surveillance cameras, doorbells, and access control systems, are crucial in smart security systems. They enable real-time monitoring, alerts, and remote access to security features. The market is expanding significantly due to the increasing smart home and building automation.

Expansion of renewable energy integration

Microcontrollers control solar tracking systems, which enable solar panels to follow the sun's movement for maximum exposure. This enhances energy harvesting efficiency in solar power installations. Microcontrollers enable the seamless integration of renewable energy systems with power grids through grid-tied inverters. They manage power flow synchronization and ensure compliance with grid requirements. Microcontrollers facilitate real-time monitoring and analytics of renewable energy systems. This allows operators to manage and troubleshoot systems remotely, improving operational efficiency. As a result of the expansion of renewable energy integration, the market is anticipated to increase significantly.

Market Restraining Factors

Supply chain disruptions can cause logistical problems

The market, like the broader semiconductor industry, is vulnerable to global supply chain disruptions. Geopolitical tensions, natural disasters, or semiconductor shortages can impact production and delivery timelines. Raw material and component costs often rise due to supply chain disruptions. This can result in higher production costs for microcontrollers, affecting manufacturers' pricing and profit margins. Disruptions in the supply chain can cause logistical challenges, affecting the transportation and distribution of microcontrollers globally. Thus, supply chain disruptions can cause logistical problems can slow down the growth of the market.

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Application Outlook

Based on application, the market is classified into automotive, industrial, consumer electronics & telecom, medical devices, aerospace & defense and others. In 2022, the consumer electronics & telecom segment witnessed the largest revenue share in the market. The telecom sector depends on microcontrollers for various applications, including network equipment, base stations, and communication devices. As telecommunication networks evolve to support higher data speeds, improved connectivity, and the deployment of technologies like 5G, the demand for advanced microcontrollers capable of handling these requirements rises. The consumer electronics & telecom segment emphasizes energy-efficient devices to prolong battery life and reduce environmental impact. Microcontrollers designed for low-power consumption contribute to developing energy-efficient devices, making them suitable for battery-powered applications.

Type Outlook

By type, the market is categorized into 8-BIT, 16-BIT, and 32-BIT. The 16-BIT segment covered a considerable revenue share in the market in 2022. 16-bit often have advanced communication interfaces, including UART, SPI, I2C, and USB. These interfaces facilitate seamless communication between microcontrollers and other devices, making them ideal for applications with high data transfer requirements. Some 16-bit microcontrollers are designed with embedded DSP features. This makes them well-suited for applications that require real-time signal processing, such as audio processing, image recognition, and sensor data analysis. While 16-bit microcontrollers offer higher performance, many are designed to balance processing power and energy efficiency. This makes them suitable for battery-powered devices and applications where minimizing power consumption is critical.

Microcontrollers Market Report Coverage

Report Attribute	Details
Market size value in 2022	USD 18.8 Billion
Market size forecast in 2030	USD 44 Billion
Base Year	2022
Historical Period	2019 to 2021
Forecast Period	2023 to 2030
Revenue Growth Rate	CAGR of 11.4% from 2023 to 2030
Number of Pages	333
Number of Tables	573
Quantitative Data	Volume in Million Units, Revenue in USD Billion, and CAGR from 2019 to 2030
Report coverage	Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered	Type, Application, Region
Country scope	North America (US, Canada, Mexico, and Rest of North America) Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe) Asia Pacific (China, Japan, India, South Korea, Taiwan, Malaysia, and Rest of Asia Pacific) LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included	Arm Limited (SoftBank Group Corp.), Renesas Electronics Corporation, Microchip Technology Incorporated, Fujitsu Limited, NXP Semiconductors N.V., Texas Instruments, Inc., STMicroelectronics N.V., Infineon Technologies AG, Panasonic Holdings Corporation, and Intel Corporation
Growth Drivers	Increasing smart home and building automation Expansion of renewable energy integration
Restraints	Supply chain disruptions can cause logistical problems

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. Asia Pacific is a center for manufacturing, with a particular emphasis on industrial automation. The automotive industry in Asia Pacific is experiencing robust growth, focusing on electric vehicles, ADAS, and smart connectivity. The Asia Pacific region has witnessed the rise of vibrant startup ecosystems.

Free Valuable Insights: Global Microcontrollers Market size to reach USD 44 Billion by 2030

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arm Limited (SoftBank Group Corp.), Renesas Electronics Corporation, Microchip Technology Incorporated, Fujitsu Limited, NXP Semiconductors N.V., Texas Instruments, Inc., STMicroelectronics N.V., Infineon Technologies AG, Panasonic Holdings Corporation, and Intel Corporation.

Strategies deployed in the Market

» Partnerships, Collaborations and Agreements:

• Feb-2022: Infineon came into a partnership with SensiML, a leader in developing AI tools. Following this partnership, SensiML would offer a complete ML/AI solution for the PSoC 6 product line of Infineon along with compatible sensors. Moreover, this partnership would integrate the Analytics Toolkit AI development software of SensiML with the ModusToolbox of Infineon.
• Oct-2021: STMicroelectronics entered into an agreement with Sierra Wireless, a leading provider of IoT services. This agreement aimed to allow the STM32 microcontroller users to utilize Sierra Wireless' edge-to-cloud solutions and flexible cellular IoT connectivity. The agreement would assist solution developers tackle the diverse challenges included with developing and implementing IoT solutions, consistin of enrolment with a cellular network, device design & development, and connection to cloud services, allowing a quicker time-to-market.
• Oct-2021: Infineon teamed up with Picovoice, the developer of a voice recognition technology. Following this collaboration, the companies would introduce an end-to-end voice platform together in order to integrate AI into edge devices. Moreover, this solution would leverage Infineon’s PSoC 6 microcontrollers in order to enable smart voice solutions across ultra-low-power IoT devices.
• Jul-2021: Microchip partnered with SensiML, a SaaS analytics toolkit. With this partnership, the company aimed to facilitate the development of AI code for smart consumers, industrial, and commercial edge Internet-of-Things applications. In addition, this partnership would enable embedded developers to leverage Microchip's microcontrollers.
• Mar-2021: STMicroelectronics teamed up with Aspinity, a provider of neuromorphic all-analog integrated circuit technology. Through this collaboration, the companies would integrate Aspinity’s analogML with STMicroelectronics’ high-performance microcontrollers into compact power-constrained always-on sensing devices.
• Sep-2020: Microchip entered into a partnership with Cartesian, Motion Gestures, and Edge Impulse. With this partnership, the companies aimed to streamline the deployment of ML across the edge using ARM Cortex-based 32-bit microprocessors and micro-controllers. in its MPLAB X Integrated Development Environment.
• Mar-2020: Microchip came into a partnership with Sequans, a provider and developer of 4G and 5G chips. This partnership aimed to make significant IoT a reality by offering a simple and powerful IoT development environment, which integrates microprocessor capabilities in 5G IoT connectivity.
• Mar-2020: NXP joined hands with Sequans, a fabless company that markets integrated circuits for 4G mobile phone technology. Following this partnership, the companies aimed to introduce LTE for IoT connectivity into the microcontroller ecosystem of NXP by integrating Sequans’ Monarch NB01Q and GM01Q with NXP’s LPC5500 series microcontroller.
• Mar-2020: STMicroelectronics teamed up with Truphone, a GSMA accredited global mobile network. Following this collaboration, the company aimed to introduce a full-stack eSIM infrastructure solution, which would also comply with GSMA Machine-to-Machine standards for automotive and Industrial IoT customers.

» Product Launches and Product Expansions:

• Mar-2023: Texas Instruments, Inc. launched a scalable Arm Cortex-M0+ microcontroller offering., a broad range of computing, pinout, memory, and integrated analog options. The launched product would offer flexibility to the customer's need to improve the sensing and control capabilities of their systems while cutting cost, complexity, and design time.
• Jan-2022: Fujitsu Limited rolled out 8Mbit FeRAM MB85RQ8MLX with Quad SPI interface, which is the largest density in Fujitsu’s SPI interface FeRAM product family. The launched product would attain a fast data transfer rate of 54MB per second at a maximum 108MHz of operating frequency in high-temperature environments up to 105°C.
• Dec-2021: Infineon launched AIROC Bluetooth. The new product comprises an integrated 96-MHz Arm Cortex-M4 microcontroller which provides enhanced computing capabilities.
• Nov-2021: Infineon introduced Embedded Wizard’s graphics library and studio tool in its existing PSoC 6 range of microcontrollers. With this product expansion, the company aimed to enable designers to produce new graphic interfaces and employ them in their PSoC 6 MCUs.
• Oct-2021: Renesas Electronics launched Arm Cortex M23 core, an addition to its 32-bit RA range of microcontrollers. The new product would offer an integration of a set of best-in-class peripherals targeted at IoT endpoint applications, reduced power consumption, and compact packaging options including a tiny 16-pin WLCSP device with dimensions of 1.87 x 1.84 mm.
• Sep-2021: Renesas Electronics rolled out RX671, a range of 32-bit microcontrollers. The new product comprises a high-functionality and high-performance single-chip solution along with voice recognition and touch sensing features contactless operation.
• Sep-2021: Renesas Electronics launched Arm Cortex M33 core, an addition to its 32-bit RA line of microcontrollers. The new product would allow a rapid design cycle and simple upgrades to other RA Family devices.
• Sep-2021: Renesas launched RX140, a 32-bit line of microcontrollers. The new product range aimed to deliver seamless performance along with the operation of up to 48 MHz with a CoreMark score of 204, nearly twice of the RX130 group's performance. Moreover, the RX140 MCUs is built on robust RXv2 CPU core of Renesas.
• Jul-2021: Texas Instruments, Inc. introduced Sitara AM2x MCUs, a new high-performance microcontroller portfolio. The launched product would advance real-time control, networking, and analytics applications at the edge. Additionally, the launched product would allow designers to push the limits in applications such as factory automation, automotive systems, robotics, and sustainable energy management.
• May-2021: Infineon introduced a new feature in ModbusToolbox. This news feature would assist developers bring ML into embedded IoT devices. In addition, the product would fill a critical gap between designing embedded systems and writing ML. Additionally, the new product would offer software libraries, middleware, and special tools for developers to examine and implement ML models based on deep learning on PSoC microcontrollers of Infineon.
• Mar-2021: Renesas Electronics unveiled RE01B, its new Bluetooth-supported microcontroller. The new product would facilitate the deployment of regular data management as well as firmware updates over Bluetooth.
• Feb-2021: STMicroelectronics launched STM32U5, a new line of extreme power-saving microcontrollers. Through this launch, the company aimed to fulfill the demand for performance and power for smart applications.
• Dec-2020: Renesas Electronics released 20 new RA2L1 Group MCUs in its RA Family. This range is developed for ultra-low power consumption, with a number of incorporated features in order to reduce the BOM cost, including embedded flash memory densities up to 256 KB, capacitive touch sensing, SRAM at 32 KB, communications, analog, timing peripherals, and security and safety functions.
• Oct-2020: Infineon released Traveo II Body microcontroller family. This product would allow the company to deliver comprehensive system solutions for body applications while complementing the company's product-to-system vision.
• Oct-2020: Microchip released WFI32E01PC, a Wi-Fi microcontroller module of Microchip. The new product is pre-provisioned for cloud platforms and complies with Wi-Fi Alliance specifications, Moreover, the WFI32E01PC is fully certified by various regulatory agencies of the world.
• May-2020: NXP Semiconductors unveiled K32W061/41, a new range of ultra-low power, multiprotocol wireless microcontrollers. Following this launch, the company would leverage its expertise in technology in order to offer ultra-low-power performance for connected applications to its customers. Moreover, the new range would facilitate OEMs to develop feature-rich and robust Internet of Things devices with Bluetooth connectivity.
• May-2020: STMicroelectronics unveiled STM32L0, a new line of 32-bit general-purpose microcontrollers. The new range would substantially extend battery life in a broad range of health, consumer, and industrial applications. The new products would customers to design more competitive products to increase cost efficiency and convenience while reducing the worldwide disposable battery consumption.
• May-2020: NXP unveiled KW39, KW38, and KW37 MCUs. The new product is aimed to offer impeccable migration with software, hardware, and tools compatibility with the recent KW34/35/36 devices.
• Feb-2020: NXP rolled out JN5188 and JN5189 IEEE 802.15.4 wireless microcontrollers. The new products would offer ultra-low power connected intelligence for Thread applications and Zigbee 3.0. These devices are powered by an Arm Cortex-M4 running at 48MHz and consist of upto 640KB of onboard flash and 152KB SRAM, offering storage space and flexibility for complicated applications and software over-the-air (OTA) updates. Such new JN wireless MCUs come with fully enablement for diverse IoT applications providing connected intelligence while offering fast time-to-market and implementation time.
• Feb-2020: STMicroelectronics introduced STM32L5x2, a range of ultra-low-power microcontrollers. The new range facilitates developers to develop Arm Cortex-M33 processor-based reliable PSA Certified devices to enable a robust and secure foundation for devices that spans from consumer products to industrial equipment.
• Jan-2020: NXP introduced QN9030 and QN9090 Bluetooth 5 Soc. The new products are aimed to provide flexibility and storage space for sophisticated applications as well as safe over-the-air updates. These devices are powered by an Arm-Cortex-M4 running at 48MHz and comprises up to 640KB onboard flash along with 152 KB SRAM in order to offer flexibility and storage space for sophisticated applications and safer OTA updates. In addition, the new range would also expedite development and time-to-market for manufacturers producing products with enhanced features for various IoT applications like sports and fitness trackers, personal healthcare devices, connected appliances, and toys, home automation, and gaming peripherals along with mesh networks and beacons.
• Oct-2019: NXP Semiconductors launched MX RT1170, a new line of crossover MCUs. Through this launch, the company aimed to complement its commitment to bring advancements in edge computing with its EdgeVerse offerings of solutions and marks a technology invention with MCUs that run up to 1GHz while complying with low-power efficiency requirements.
• May-2019: STMicroelectronics released STM32G4, a range of Microcontrollers. The new product range would facilitate the management of sensor-driven features-based smart electronic products. Also, the new products are built on new energy-saving silicon carbide and gallium nitride power technologies.

» Acquisition and Mergers:

• Dec-2021: Renesas took over Celeno Communications, a leader in Wi-Fi solutions. With this acquisition, the company would improve its connectivity offerings. Moreover, the integration of the portfolios of Renesas and Celeno would introduce an end-to-end and comprehensive solution.
• Jul-2020: STMicroelectronics acquired BeSpoon, an ultra-wideband specialist, and Riot Micro, a vendor of cellular IoT solutions. Under this acquisition, the company aimed to strengthen its portfolio of wireless connectivity, STM32 microcontrollers, and secure MCUs.
• Apr-2020: Infineon took over Cypress Semiconductor, an American semiconductor design, and manufacturing company. Through this acquisition, the company aimed to increase its emphasis on structural growth drivers as well as a wider variety of applications.

Scope of the Study

Market Segments Covered in the Report:

By Type (Volume, Million Units, USD Billion, 2019-2030)

• 32-Bit
• 16-Bit
• 8-Bit

By Application (Volume, Million Units, USD Billion, 2019-2030)

• Consumer Electronics & Telecom
• Industrial
• Automotive
• Medical Devices
• Aerospace & Defense
• Others

By Geography (Volume, Million Units, USD Billion, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Arm Limited (SoftBank Group Corp.)
• Renesas Electronics Corporation
• Microchip Technology Incorporated
• Fujitsu Limited
• NXP Semiconductors N.V.
• Texas Instruments, Inc.
• STMicroelectronics N.V.
• Infineon Technologies AG
• Panasonic Holdings Corporation
• Intel Corporation