According to a new report, published by KBV research, The Global ARM Microcontrollers Market size is expected to reach $16.99 billion by 2031, rising at a market growth of 7.7% CAGR during the forecast period.
The 80-120 Pins segment is leading the Global ARM Microcontrollers Market by Product in 2023,; thereby, achieving a market value of $6.8 billion by 2031. This segment is propelled by the growing demand for microcontrollers that balance functionality and complexity. This segment caters to applications such as automotive systems, industrial automation, and mid-range IoT devices, where moderate processing power and multiple peripheral connections are essential. The versatility and enhanced features of microcontrollers in this range make them well-suited for industries seeking solutions that combine performance, connectivity, and cost efficiency.
The Automotive segment is anticipating a CAGR of 8.1% during (2024 - 2031). The automotive sector is propelled by the growing integration of sophisticated vehicle technologies, including advanced driver-assistance systems (ADAS), infotainment systems, and electronic control units (ECUs). The increasing transition towards electric and autonomous vehicles, coupled with the escalating demand for connected car functionalities, has necessitated the development of high-performance and energy-efficient ARM microcontrollers. These microcontrollers are ideal for managing complex automotive systems, ensuring reliability, scalability, and compliance with safety standards, making them a cornerstone of modern vehicle designs.
Full Report: https://www.kbvresearch.com/arm-microcontrollers-market/
The North America segment dominated the Global ARM Microcontrollers Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,694.6 Million by 2031, growing at a CAGR of 7.1 % during the forecast period. The Asia Pacific market is expected to witness a CAGR of 8.2% during (2024 - 2031). Additionally, The Europe market is expected to witness a CAGR of 7.4% during (2024 - 2031).
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