Microcontroller Market is expected to see a remarkable surge over the coming years
Microcontroller Industry Overview The global microcontroller market size is expected to reach USD 41.6 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.8% from 2022 to 2030. Globally, more than 27 billion units of microcontrollers were shipped in 2021. The market growth is attributed to the increasing focus on automation and artificial intelligence across various verticals such as automotive and industrial. Increasing demand for embedded control systems in multifunctional devices such as vehicles, robots, medical devices, mobile radio, and residential appliances is also playing a principal role in the growth of the market. Microcontroller Market Segmentation Grand View Research has segmented the global microcontroller market on the basis of product, application, and region: Based on the Product Type Insights, the market is segmented into 8-bit, 16-bit and 32-bit. In terms of...