Americas Microcontroller (MCU) Market Size

Americas Microcontroller (MCU) Market Analysis

The Americas microcontroller (MCU) market was valued at USD 2.28 billion in the current year and is expected to reach USD 5.57 billion by the end of the forecast period by registering a CAGR of 16.7% during the forecast period.

• The microcontroller market is growing in the region owing to several significant consumer electronics markets, which have increased demand for Internet of Things-enabled products such as smart watches, health & medical devices, sensors, etc. This leads to higher regional requirements for microcontrollers.
• A significant driver of market expansion in the region is the increased number of automated machines. Additionally, the development of portable gadgets like smartphones, tablets, and personal computers has considerably fueled industry expansion. The luxury automobile segment's growth has also contributed to the market's development.
• The demand for hybrid and electric cars will rise in the region in the projected period. A factor that would propel the 32-bit MCU market would be the rising adoption brought on by the product's drop in unit cost. The 32-bit MCU market is expected to develop throughout the forecast period due to the fast-growing automotive, communications, consumer electronics, and industrial industries.
• A significant increase in the market for microcontroller units (MCUs) utilized in Internet of Things (IoT) applications has positively impacted the growth of the MCU industry. IoT microcontrollers are produced based on demand, determined by the need for IoT applications.
• Microcontrollers have highly intricate designs, requiring much power to manufacture such circuits. Designing systems that operate more quickly and use less electricity can be challenging. The peak power, voltage, current ratings, and applications must all be considered while building a microcontroller.
• The geopolitical tensions between countries are expected to hamper the global supply chain in the coming years. The major manufacturers of microcontrollers based in the US are expected to experience a fall in demand for MCUs due to the export and import regulations, the United States and China dispute over Taiwan, and the US-China trade war. The United States banned the export of electronic components and other equipment to Russia in response to Russia's attack on Ukraine.
• The building of the TSMC (Taiwan Semiconductor Manufacturing Company) fab in the US caused controversy in Taiwan. The global community is regionalizing due to the US-China economic and technological rivalry, the COVID-19 pandemic, and the war between Russia and Ukraine.