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.
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.
Browse full research report on Microcontroller
Socket Market: http://www.grandviewresearch.com/industry-analysis/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
- MEA
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-microcontroller-socket-market
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
No comments:
Post a Comment