The global microcontroller socket market is expected to reach USD 1.46
billion by 2024, according to a new report by Grand View Research, Inc. The
increasing development and growth of automation and re-automation in the
emerging countries are expected to fuel the industry growth.
The growth of automation has led to miniaturization and digitization as
well as facilitates dynamics in the field of technology. The increasing need of
providing high performance with power efficiency has further led to the development
of automation technology at a rapid pace. The increasing labor costs and the
growing demand for higher quality have encouraged the industry participants to
opt for automated equipment in the programming process.
 |
| QFP market by region, 2014 - 2024 (USD Million) |
Gradually reducing the package size in the microelectronics industry has
also impacted the market growth in a positive manner. industry requirements,
such as higher density, increased operating speed, and lower power, have driven
packaging in the industry, which has further led to an enhanced demand within
the market.
Furthermore, the demand for thinner, smaller, and lesser expensive device
packaging has also encouraged manufacturers to control the programming cost.
The increasing demand in automotive, consumer electronics, medical devices for
more accurate data, and in military & defense for enhanced security has
also encouraged the industry participants to further reduce the package size.
Intense competition in the market has led the industry participants to
enhance the product quality and process technologies as per the market
requirement. However, failure to develop new designs and delays in developing
new products with advanced technology may adversely affect the manufacturer
market.
In depth research report on Microcontroller
Socket Market
Further key findings from the report suggest:
·
The
microcontroller socket market is expected to boost over the forecast period
owing to the increasing microcontroller applications in various segments
·
The QFP socket
is expected to grow at a CAGR of over 7% from 2016 to 2024, owing to the
growing trend of automation and re-automation in the emerging countries
·
The automotive
segment is projected to dominate over the forecast period owing to the huge
application of the socket in the manufacturing of automobiles, such as body
electronics, for enhancing driver safety
·
The
majorindustry players in the microcontroller socket market include Texas
Instruments, Aries Electronics, Mill-Max Manufacturing Corporation, and Samtec,
Inc.
Grand View Research has segmented the microcontroller socket market based
on product, application, and region:
Microcontroller Socket Product Outlook
(Revenue, USD Billion, 2014-2024)
·
DIP
·
BGA
·
QFP
·
SOP
·
SOIC
Microcontroller Socket Application Outlook
(Revenue, USD Billion, 2014-2024)
·
Automotive
·
Consumer
Electronics
·
Industrial
·
Medical
Devices
·
Military &
Defense
Microcontroller Socket Regional Outlook
(Revenue, USD Billion, 2014-2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
ME
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
No comments:
Post a Comment