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They are also focusing on new product launches, mergers, partnerships, agreements, and strengthening distribution networks to gain a competitive edge in the market. The market players are investing heavily in expanding their portfolios and increasing their customer base. are few of the leading microcontroller, DSP, and IP core chip manufacturers profiled in the report. Infineon Technologies AG, Intel Corporation, ARM Holdings PLC, Xilinx Inc., Analog Devices Inc., Renesas Electronics Corporation, Cadence Design Systems, CEVA Inc., Panasonic Corporation, NXP Semiconductors, Maxim Integrated Products Inc., Texas Instruments Inc., and STMicroelectronics N.V. Hence, key players are likely to benefit from expanding their product portfolios through new product launches.” - says a Persistence Market Research (PMR) lead analyst “Rapid penetration of IoT devices globally is expected to create high demand for microcontrollers, DSPs, and IP core chips.

Japan market value is projected to reach US$ 13.8 billion by the end of 2032.

The United States microcontrollers, DSP, & IP core chip industry is expected to cross a valuation of US$ 11.9 billion by 2032.

Microcontroller, DSP, & IP core chip demand in Korea is likely to rise at 6.4% CAGR through 2032.

China microcontrollers, DSP, & IP core chip market value is set to reach US$ 22.4 billion by 2032.

Based on application, consumer electronics segment is forecast to exhibit a CAGR of 5.8% through 2032.

Based on type, microcontrollers segment is expected to thrive at 5.9% CAGR from 2022 to 2032.

Global microcontroller, DSP, & IP core chip sales are projected to soar at 6.0% CAGR through 2032.

Key Takeaways from the Microcontrollers, DSP, & IP Core Chip Market Report: Robust expansion of automotive sector coupled with high adoption of advanced technologies in vehicles is anticipated to boost revenues in the target market. They can change the timing of the fuel injection, optimize combustion, and monitor pollutants.įurther, microcontrollers and DSPs can also be utilized in safety systems including airbags, anti-lock brakes, and traction control. Microcontrollers and DSPs are being used to control the engine in modern vehicles. This is due to growing importance of microcontrollers, DSP, and IP core chips in these novel technologies.

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Increasing adoption of advanced technologies such as advanced driver assistance systems (ADAS) in automotive will open new opportunities for companies. High adoption of IoT devices worldwide due to rapid digitalization is forecast to create lucrative opportunities for microcontroller, DSP, & IP core chip manufacturers. They can use this data to do computations, filter out undesired noise, and communicate the processed data to other sections of the system. Microcontrollers and DSPs are utilized in IoT devices to process data acquired by sensors. Greater amount of core facilities like being capable of handling data processing, networking, and security functions.

Hence, rapid growth of the Internet of Things (IoT) and increasing number of connected devices is expected to generate high demand for microcontrollers and DSPs. Microcontrollers, DSPs, and IP core chips are critical components in IoT (Internet of Things) device development. Rising adoption of microcontrollers, DSPs, and IP core chips in IoT and automotive globally is projected to expand the market.

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Hence, key manufacturers might need to develop consumer electronic-specific products to gain profits.Ĭlick Here to Get Free Sample Copy of this Report The target segment is anticipated to expand at 5.8% from 2022 to 2032. By 2032, total market value is projected to reach US$ 85 billion.ĭemand for microcontrollers, DSPs, & IP core chips is anticipated to remain high in consumer electronics sector. From 2022 to 2032, global sales of microcontrollers, DSPs, & IP core chips are likely to rise at 6.0% CAGR. New York, (GLOBE NEWSWIRE) - As per Persistence Market Research (PMR), the global microcontrollers, DSP, & IP core chip market revenue totaled US$ 47.5 billion in 2022.