Yole Intelligence releases its Status of the Microcontroller Industry 2023 report. This new report aims to provide a thorough presentation of the MCU market to companies, institutions, and individuals that need detailed, actionable market data for critical business decisions. In this report, the company, part of Yole Group, gives a broad overview of the semiconductor MCU industry, as well as an in-depth understanding of the market trends, ecosystem, and players, and offers critical technical insights and analyses into future technology trends and challenges.
The MCU market is growing and will reach US$32 billion by 2028, pushed by the automotive industry.
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- MCU revenue is expected to reach US$32 billion in 2028, with a 5.2% CAGR between 2022 and 2028.
- A strong rise is seen in mainland China. China is the incubator of emerging chip designers.
- Energy efficiency remains the central attribute, alongside a push for elevated performance.
- Infineon Technologies, Renesas, and NXP are engaged in close competition, with minimal differences between them: about 18% market share for each leading MCU company.
While 2022 ended on a positive note, the 2023 MCU market is expected to dip in the first half and gradually recover in the second. However, this recovery won’t be enough to prevent a slight overall decline. Replacement cycles from the COVID-19 pandemic-driven buying spikes are expected to persist. Inflation and global conflicts will continue through 2023, but signs of a recession are diminishing, announces Yole Intelligence.