Global Microcontroller Socket Market 2017-2021

Overview of the global microcontroller socket market

Research analysis on the global microcontroller socket market identifies growing demand for mobile computing devices will be one of the major factors that will have a positive impact on the growth of the market. The growing adoption of microelectronics products such as smartphones, tablets, notebooks, and wearable devices, various consumer electronic devices are being manufactured with smart control. These smartphones are used for multiple purposes such as surfing, social networking apps, and gaming.  The use of microcontrollers enables multiple features in a single device, including touchscreen control, sensors, and cameras. Technavio's market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The increasing adoption of smart machines will be one of the latest trends that will gain traction in the microcontroller socket market during the next four years. The advancement in technology, on development of devices and systems that can work autonomously, which includes driverless cars, autonomous personal assistants, and drone-based delivery systems. These algorithms need computing devices such as microcontrollers and sockets to extend their pin configurations. Such digitalization of the global automobile market will fuel the growth of the global microcontroller socket market during the forecast period.

Competitive landscape and key vendors

The presence of a several vendors, the microcontroller socket market appears to be highly fragmented. The vendors are competing based on products and services through customization, design, and specification. The adoption of microcontroller sockets is increasing as manufacturers focus on delivering better, faster, and cheaper results. This will propel the demand for microcontrollers and sockets.

The leading vendors in the market are -

• Microchip Technology
• Renesas Electronics
• STMicroelectronics
• Texas Instruments

The other prominent vendors in the market are Advanced Interconnections, Andon Electronics, Aries Electronics, CnC Tech, Mill-Max Mfg, NXP Semiconductors, and Smatec.

Segmentation by type and analysis of the microcontroller socket market

• Dual in-line package (DIP)
• Ball grid array (BGA)
• Quad flat package (QFP)

During 2016, the DIP socket market segment accounted for the major shares of this market. The increasing demand from OEMs for smart features in automotive vehicles for entertainment, convenience, and safety, which can be configured by ICs. DIP sockets can be replaceable and which will eliminate the safety risks of overheating during soldering. These are also used with breadboards which are used for research application in universities and colleges for development and testing of ICs. Owing to such wide usage the segment will propel the market growth in the forecast period.

Geographical segmentation and analysis of the microcontroller socket market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the microcontroller socket market by 2021. The region comprises of a high concentration of end-users such as automotive manufacturers and consumer device OEMs. Additionally, the growing investment in the manufacturing sector will also drive the development of automation and intelligence equipment that uses microcontrollers, which in turn, increases the use microcontroller sockets.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global microcontroller socket market?
• What are the key market trends impacting the growth of the global microcontroller socket market?
• What are the challenges to market growth?
• Who are the key vendors in the global microcontroller socket market?
• What are the market opportunities and threats faced by the vendors in the global microcontroller socket market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global microcontroller socket market?

Technavio also offers customization on reports based on specific client requirement.

The upcoming report on the global microcontroller socket market underlines the recent trends and developments in the hardware and semiconductor industry. The report identifies major growth drivers, emerging trends, demand patterns, and growth rate within the embedded systems sector. The report also covers geographies such as APAC, EMEA, and the Americas to present an elaborate geographic segmentation.

By in-depth analysis of business intelligence factors such as technology, pricing, distribution, competition, and products, research analysts at Technavio produce report containing complete competitive landscape of the microcontroller socket market. Qualitative and quantitative research methodologies are used to provide accurate facts and figures, expert opinions, and the latest development across the globe, which will help the client in making effective business decisions.

The upcoming report on the global microcontroller socket market also considers the growth of related markets such as the embedded computer market and FinFET technology market which are expected to grow at the rate of 17% and 42%, respectively, for the forecast period of 2017 to 2021. Texas instruments, Aries Electronics, Mill-Max manufacturing, Samtec, STMicroelectronics, MICROBOT, and Fuji Electric are some of the vendors covered in this report to provide a detailed competitive landscape of this market.

The upcoming research report on global microcontroller socket market also includes industry overview, emerging trends, new technological applications, technological advancements, competitive landscape, and opportunities and challenges faced by the industry. The report also covers the opportunities and issues faced by vendors in this market and provide an overview of semiconductor equipment and sensors sector.

Our market research methodology for the global microcontroller socket market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.