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Increased Adoption in the Automotive Segment Contributes to Growth of Global Microcontroller Market

Apr 28 2014

Research and Markets has announced the addition of the "Global Microcontroller Market 2014-2018" report to their offering.

The analysts forecast the Global Microcontroller market to grow at a CAGR of 6.09 percent over the period 2013-2018. One of the key factors contributing to this market's growth is increased adoption in the Automotive segment, driven by a rise in production of hybrid and electric vehicles, where power management is a key concern. Growth in this market is also expected to be fueled by declining price of microcontrollers, which is likely to increase their adoption in the market. However, the long development cycle of microcontrollers could pose a challenge to the market's growth.

The report, the Global Microcontroller Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the Global Microcontroller market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

One of the major trends observed in the market is the declining price of microcontrollers. The cost of high-end microcontrollers such as 8-bit, 16-bit, and 32-bit microcontrollers is expected to decline during the forecast period, leading to their increased adoption. These microcontrollers are mainly used in power management applications as they reduce the power usage of equipment used in many industries. These factors are expected to increase the demand for microcontrollers during the forecast period. Thus, the declining price of high-end microcontrollers is expected to augur well for the growth of the market over the next few years.

According to the report, the growth of the Global Microcontroller market is driven by several factors and their increased application in the Automotive segment is one of the major factors. The rise in the production of hybrid and electric vehicles, where power management is a key concern, is resulting in the increased adoption of microcontrollers in the Automotive segment.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Product

08. Geographical Segmentation

09. Key Leading Countries

10. Buying Criteria

11. Market Growth Drivers