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Europe Microcontroller market is estimated to grow at a CAGR of 11.9% during the forecast period. The medical devices segment would be a very favourable market for the microcontrollers market. The need for accuracy in medical procedures, favourable government policies for medical automation, technological advancements, and consistent inflow of investments by the venture capitalists would drive the market growth of microcontrollers within the medical devices segment during the forecast period. The Europe microcontroller market would witness tremendous growth during the forecast period.
The major factor driving the Europe MCU market is the already established large consumer base for tablets, smartphones, and other consumer electronics. The designs of several devices in the application areas of IoT and wearables have been moved from the design phase to the production phase, which again would drive the market growth in the Europe region.
The report highlights the adoption of Microcontrollers in Europe. Based on the Type, the Europe Microcontrollers Market is segmented into 8-BIT Microcontroller, 16-BIT Microcontroller and 32-BIT Microcontroller segment. Based on the Application, the market is bifurcated into Automotive, Industrial, Consumer Goods, Computer and Communications segment. The countries included in the report are Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
Key Players profiled in the report includes Cypress Semiconductor Corp., ARM LTD., Renesas Electronics Corporation, Microchip Technology, Fujitsu Limited, NXP Semiconductor N.V., Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG and Panasonic Corporation.