MCU, alternatively known as microcontroller is a system on chip (SoC) consisting of a memory, processor core and programmable input and output peripherals. In many cases, small amount of random access memory (RAM) is embedded in a MCU for better performance. Currently, microcontroller is used extensively across various automatically controlled Internet of Thing (IoT) devices and products such as medical devices, automobile engine control systems, office machines, remote controls, power tools and other portable devices.
In order to provide detailed analysis of the global microcontroller market, the market has been segmented on the basis of product type, application and geography. By product type, the global microcontroller market can be bifurcated into 8-bit MCU, 16-bit MCU and 32-bit MCU. IoT microcontroller also finds its application across various consumer electronic devices, automotive, medical devices, smart home products and smart grid among others. On the other hand, geographically the market can be classified into North America, Europe, Asia Pacific, Middle East and Africa and Latin America among others.