TechNavio today launched its Global Microcontrollers Market 2011“2015 report based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the past and future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Embedded Systems team said; The growing use of microcontrollers in consumer electronics is an emerging trend in the Global Microcontrollers market. Most consumer electronics manufacturers are using microcontrollers in their products because of the increasing demand from consumers for technically advanced products. The numerous applications of microcontrollers in all these consumer electronic devices make them more efficient and thus encourage the market to grow.
According to the report, the Automotive segment is a major growth area for the Global Microcontrollers market. The Global Microcontrollers market is expected to grow more in the Automotive segment with the rise in the production of hybrid and electric vehicles in which power management is a key concern. The increasing usage of microcontrollers is because it contributes to improve fuel efficiency while reducing emissions from vehicles. There is also high demand for more-efficient microcontrollers in safety systems of vehicles. The high growth of the market in China is further contributing to the growth of the Global Microcontrollers market.
Further, the report also discusses that the declining average selling price of microcontrollers is one of the major challenges for the growth of the Global Microcontrollers market.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-microcontrollers-market-2011-2015
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TechNavio Announces the Publication of its Report “ Global Microcontrollers Market 2011“2015
