Microcontrollers, DSPs, & IP-Core Chips market worth $41.69 Billion by 2020, According to a New Study on ASDReports

Thursday 9 October 2014, Amsterdam

According to a new market research report, now available on ASDReports, "Microcontrollers, DSP, & IP Core Chip Market by Type, Applications (Automotive & Transportation, Consumer Electronics, Industrial, Communications, Security, and Medical & Healthcare) and Geography (Americas, Europe, APAC & ROW) - Analysis & Forecast to 2014 – 2020", the total Microcontrollers, DSPs, & IP-core chips market is expected to reach $41.69 Billion by 2020, growing at a CAGR of 6.96% from 2014 to 2020.

Technological advancement in the automobile sector has given rise to the microcontroller market. Consumers are demanding various solutions in automotive applications such as Advanced Driver Assistance Systems (ADAS), engine control unit, automotive infotainment, in-vehicle networking, and more, which has further lead the demand for microcontrollers. Smartphone market also witnesses the growth of the microcontroller market. Microcontroller is one of the important components in smartphone and is poised to witness major growth as the embedded processing is becoming more complex, which is further driving the market.

Increasing the number of wireless devices and requirement of wireless infrastructure are increasing the demand of Digital Signal Processors (DSP). Wireless communication requires high signal performance at reduced power consumption, which has eventually enhanced the multi-core DSP market. IP video surveillance also drives the demand of DSPs that provide features such as remote monitoring, lower cost installation, and centralized backup and storage.

The report’s detailed segmentations by product type, core type, IP nature, customization, applications, and geography cover all the existing and emerging technologies in the Microcontrollers, DSPs, & IP core chips market. Microcontroller market segmented by type: 8-bit, 16-bit, and 32-bit. DSP market segmented by product segments and core types: Product segment of DSP consists of general purpose DSP, application specific DSP, and programmable (FPGA & PLD) DSP; the core type segment consists of single-core DSP processor and multi-core DSP processor. IP-core chips market segmented by IP nature and customization: IP nature consists of soft core and hard cores. Customization segment consists of standard IP core and customizable IP core.

The application segmentation of the market covers all the major applications such as automotive and transportation, consumer electronics, industrial building and home, security, communications, and medical and healthcare market in detail.

One of the objectives of the research study was to analyze the market trends for each of the microcontrollers, DSPs, and IP core chips products segments; and the growth rates of the various product segments.

Apart from market segmentation, the report also includes in depth analysis such as Porter’s five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the microcontroller, DSPs, & IP core chips market.