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Asia-Pacific MCU Market Analysis

The Asia-Pacific MCU Market size is estimated at USD 14.16 billion in 2024, and is expected to reach USD 21.14 billion by 2029, growing at a CAGR of 8.34% during the forecast period (2024-2029).

Microcontrollers are computing units that control various peripherals and embedded systems, such as domestic appliances, automobiles, robotics, industrial machinery, and other devices.

• The Asia-Pacific region is home to some of the biggest semiconductor manufacturers, such as TSMC, SMIC, SK and Hynix. The presence of these companies further supports the growth of the market studied in this region. Additionally, the region is witnessing growing IoT connections among consumer and enterprise sectors. The need for low-power, high-performance, and energy-efficient connected products is the major factor driving the growth of IoT microcontrollers in the region. Several companies are working toward innovating advanced products that cater to this demand.
• In June 2022, Soracom Inc., a global provider of advanced IoT connectivity, announced that SPRESENSE from Sony Semiconductor Solutions Corporation (SSS) joined the Soracom Partner Space ecosystem, and SSS identified Soracom as a recommended provider of connectivity for its SPRESENSE microcontrollers. SSS's SPRESENSE 6-core microcontroller board is intended for professional IoT use cases, with a streamlined form factor, ultra-low power consumption, multiple sensor inputs, internal GPS, and edge AI support. The solid computing performance and advanced power efficiency make SPRESENSE suitable for edge computing.
• However, the price fluctuation of raw materials tends to impact the market's growth. For instance, since the start of 2022, the price of gallium has climbed by 550 CNY/Kg, or 24.18%, according to trading on a contract for difference (CFD) that monitors the benchmark market for this commodity. Such a rise in the gallium raw materials will increase the cost of gallium arsenide, restraining MCU vendors from purchasing the material and further impacting the market from growing.
• In recent years, India has witnessed a notable surge in the usage of connected devices, including smart home devices and wearables. According to Cisco, India will have around 2.1 billion internet-connected devices by 2023. The country is also expected to cross the 900 million mark of internet users, according to the recently published Cisco Annual Internet Report (2018-2023), owing to the increased penetration of affordable smartphones and cheaper internet plans. Demand for connected devices will drive the market's growth during the forecast period.

Asia-Pacific MCU Market Trends

Growing Automobile Industry to Drive the Market in Region

Asia-Pacific MCU Industry Segmentation

A microcontroller is a single-chip microcomputer that is made using very-large-scale integration (VLSI) technology. Microcontrollers are commonly referred to as embedded controllers. Microcontrollers are used in vehicles, robots, office machines, medical devices, mobile radio transceivers, vending machines, and home appliances, among other devices. They are simple miniature personal computers (PCs) developed to handle small features of a larger component without a complicated front-end operating system (OS).

Asia-Pacific Microcontroller (MCU) market is segmented by product (4 and 8-bit, 16-bit, 32-bit), application (aerospace and defense, consumer electronics and home appliances, automotive, industrial, healthcare, data processing and communication), and country (China, Japan, and South Korea). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.