According to the latest report by IMARC Group, a market research company that offers management strategy and market research worldwide, titled, "Microcontroller Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", the market is expected to grow at a CAGR of around 7% during 2019-2024.

IMARC Group reports that demand for microcontrollers is growing within the global market. The healthcare sector utilizes microcontrollers in heart rate monitors, spirometers, and other devices. The automotive industry utilizes microcontrollers for operating accelerators, anti-lock brake interfaces, and advanced driver assistance systems (ADAS) in automobiles. Other factors, including the expansion of smart grid systems and the increasing trend of automation across manufacturing, retail, industrial, and military sectors, along with portable electronics that require greater processing speeds and higher functionalities, are projected to drive the market further.

Key Market Segmentation

Breakup by Product Type:
8-Bit
16-Bit
32-Bit
64-Bit
Others

Breakup by Architecture:

8051 Architecture
AVR Architecture
PIC Architecture
ARM Architecture
Others

Breakup by Memory:
Embedded Memory Microcontroller
External Memory Microcontroller
 
Breakup by Application:
Automotive
Powertrain and Chassis
Body Electronics
Safety and Security Systems
Infotainment and Telematics
Consumer Devices
Industrial
Others 

Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:
The report has also examined the competitive landscape of global microcontroller market. 

Key highlights of the report:
Market Performance
Market Outlook
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure 
Profiles of Key Players

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