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SAN FRANCISCO, April 15, 2021 /PRNewswire/ The global microcontroller market size is predicted to attain
USD 36.16 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to
progress at a CAGR of 10.1% from 2021 to 2028. Globally, more than 28 billion units of microcontrollers were shipped in 2020. The market growth is attributable to the increasing focus on automation and artificial intelligence across various verticals such as automotive and industrial. Increasing demand for embedded control systems in multifunctional devices such as vehicles, robots, medical devices, mobile radio, residential appliances, among others, is also playing a principal role in the growth of the market.
Microcontroller Market Size Worth $36 16 Billion By 2028 | CAGR: 10 1%: Grand View Research, Inc
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Microcontroller Market Size Worth $36 16 Billion By 2028 | CAGR: 10 1%: Grand View Research, Inc
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Polypropylene Compounds Market Size Worth $35.19 Billion By 2028: Grand View Research, Inc. to reach USD 35.19 billion by 2028, according to a new report by Grand View Research, Inc.,
growing
at a CAGR of 7.6% from 2021 to 2028. Increasing requirement for flame retardancy and improved heat resistance and serviceability of plastics in the electrical & electronics industry is the primary factor driving the growth of the global market. In addition, regulations in western markets, including the EU and the U.S., which are aimed at vehicular weight reduction are further fueling the demand for polypropylene (PP) compounds in the automotive industry.
Key suggestions from the report: