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The Global Microcontroller Market is expected to grow by USD 5.95 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period

·2-min read

Global Microcontroller Market 2020-2024 The analyst has been monitoring the microcontroller market and it is poised to grow by USD 5. 95 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period.

New York, Sept. 24, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Microcontroller Market 2020-2024" -
Our reports on microcontroller market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing use of microcontrollers in automobiles, increasing demand for IoT devices, and the growth of consumer electronics industry. In addition, increasing use of microcontrollers in automobiles is anticipated to boost the growth of the market as well.
The microcontroller market analysis includes product segment, application segment, and geographical landscapes

The microcontroller market is segmented as below:
By Product
• 32-bit microcontrollers
• 8-bit microcontrollers
• 16-bit microcontrollers

By Application
• Automotive
• Consumer devices
• Industrial
• Other applications

By Geographic Landscapes
• Europe
• North America
• South America

This study identifies the development of edge computing as one of the prime reasons driving the microcontroller market growth during the next few years. Also, adoption of external flash memory for microcontrollers and growing implementation of automation technologies across the industries and the emergence of Industry 4.0 will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our microcontroller market covers the following areas:
• Microcontroller market sizing
• Microcontroller market forecast
• Microcontroller market industry analysis

Read the full report:

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