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According to a new report, Europe Microcontrollers Market, published by KBV Research, the Europe Microcontrollers Market is expected to grow at a CAGR of 11.9% during 2016 -2022.The 8-BIT Microcontrollers market dominated the Europe Microcontrollers Market in 2015, and would grow at a CAGR of 9.9% during the forecast period. The 16-BIT Microcontrollers market is expected attain a market size of $1.9 billion by 2022.
The Automotive market contributed the larger revenue share to the Europe Microcontrollers Market in 2015 and is estimated to grow at a CAGR of 10.1% during the forecast period. The Industrial market is expected to attain a market size of $1.3 billion by 2022.
The Germany market holds the larger revenue share in the Europe Microcontrollers Market in 2015 and would reach a market size of $1.4 billion by 2022, growing at a CAGR of 10.7% during the forecast period. However, France market is expected to grow at CAGR of 12.6% during 2016-2022.
The report highlights the adoption of Microcontrollers in Europe. Based on the Type, the Europe Microcontrollers Market is segmented into 8-BIT Microcontrollers, 16-BIT Microcontrollers and 32-BIT Microcontrollers 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.
The market is segmented based on Type, End User and Country.