Microcontroller Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is poised to hold largest revenue share of 38% by 2035. The landscape's substantial growth in the region is led by the surge in the presence of raw materials coupled with the availability of low-cost labor in this region. According to a report in 2023, Asia dominated the global goods trade by 53%.
In China, there is an increasing demand for automobiles propelled by several features such as ADAS, safety features, and many more, which fuel the microcontroller landscape. According to the Shanghai Municipal People’s Government in 2023, vehicle sales and production hit more than 480,000 units, with a lucrative growth rate of 46.3% every year.
Japan showed an increase in the wearable technology industry along with the digital health in past years which is expected to act as a growing factor for the microcontroller market in the near future. The International Trade Administration published a report in 2022 stating that about 37% of Japan’s population uses digital technology in health-related concerns and the health-tech market in Japan is predicted to cross 3 billion by 2025.
North American Market Insights
North America in microcontroller market is estimated to capture over 26% revenue share by 2035, and will account for the second position owing to the slated growth in the Internet of Things (IoT) in homes and corporate places. In the United States, there has been an increase in technological advancements in semiconductors coupled with their components. According to the Semiconductor Industry Association in 2024, there has been a year-on-year increase of about 4.3% in the semiconductor employment rate. The semiconductors sector offered approximately 203,000 employment opportunities in 2023.
There is an increasing need for medical devices in Canada which demands a surge in the microcontroller market in the coming years. According to Innovation, Science, and Economic Development Canada in 2024, medical device exports in Canada observed a substantial growth between 2017 and 2022.
