TechNavio recognizes the following companies as the key players in the Global Industrial Microcontrollers and DSC Market: Infineon Technologies AG, Renesas Electronics Corp., Freescale Semiconductor Inc., Atmel Corp., and STMicroelectronics N.V.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The governments in various countries have introduced stringent regulations on power consumption, forcing manufacturers to reduce energy consumption. The need to reduce power consumption has driven many organizations to adopt industrial microcontrollers and DSCs. The emphasis on energy management was imposed by governments to ensure environmental protection, energy efficiency, and sustainable resource management. Microcontrollers are extensively used in power management applications since they are capable of reducing the power usage of various equipment used in the Industrial sector. These factors are likely to enhance the demand for microcontrollers during the forecast period. Thus, the focus on energy management is a new trend that is expected to have a positive influence on the growth of the market during the forecast period.”
According to the report, manufacturers are increasingly focusing on automating their industrial processes and thereby increasing productivity to be able to gain advantage in a highly competitive market. On this front, industrial microcontrollers and DSCs are crucial for ensuring process control and enhancing productivity of the devices in which they are integrated. Hence, numerous companies across the globe have begun to integrate microcontrollers and DSCs in their machinery to automate their manufacturing facilities. Thus, the increasing focus on enhancing productivity is seen to propel the growth of the market during the forecast period.
Further, the report states that one of the major challenges in this market is the increasing complexity in designing and building systems. Moreover, there is an urgent need for the miniaturization of components to reduce the overall size of manufacturing devices, which remains a daunting challenge for manufacturers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-industrial-microcontrollers-and-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Industrial Microcontrollers and DSC Market 2012-2016
