Contents
Market overview
While other semiconductor markets such as memory and processors are not seeing great growth and in fact falling in the year 2023, there are some categories beating this trend by seeing a decent growth, one such category is microcontroller. Microcontroller-market continue to grow in 2023 due to demand from automotive, industrial automation, robotics and medical electronics.
Market size and growth
The total market in the year 2023 for microcontrollers is estimated around US$ 30 billion. This covers both general-purpose microcontrollers and microcontrollers used in smart cards and such ID devices. In the year 2023, microcontroller market is estimated to grow at 7-8% compared to 2022.
- Total microcontroller market, 2023 (est.), incl. smart card and ID MCUs
- US$ 30 bn
- Market growth in 2023 compared to 2022
- 7–8 %
- Estimated market share of RISC V based microcontrollers in 2023
- < 5 %
Vendors and architectures
The top three leading vendors in this market are Renesas, NXP and STMicroelectronics. Most of the leading vendors in this market use Arm Cortex based processor architecture in their microcontrollers. However the industry is looking at a RISC V based architecture for their next future plans. In 2023, we estimate there is not even 5% market for RISC V based microcontrollers. However we foresee huge competition for Arm Cortex from RISC V based MCUs in another 2 years. Chinese semiconductor vendors are taking lead in designing and selling RISC V MCUs in the market.
Top three vendors
- Renesas
- NXP
- STMicroelectronics
Three big markets
- Europe
- US
- Asia
Geography
Geographically Europe, US and Asia are the three big markets for microcontrollers. Europe’s automotive market is heavily dependent on microcontrollers, where the suppliers NXP and STMicroelectronics are headquartered in Europe. Japanese automotive focused semiconductor vendor Renesas makes high-end processor microcontrollers targeting automotives.
Key trends
Key trends in the industry include:
- Application of open source RISC V architecture
- Emerging of low-power microcontroller vendors
- Edge AI-based MCU chips
- Enhancing the security features in MCU chips
- Proliferation of microcontrollers into many areas of applications through IOT based digitalization of systems.
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