IoT, embedded control to drive MCU market to $20B in 2019

IoT, embedded control to drive MCU market to $20B in 2019

Market news |
By Rich Pell

In 2017 unit shipments surged by 22 percent and strong growth has continued in 2018. Annual unit growth is expected to be 18.5 percent in 2018 with the unit volume reaching nearly 30.6 billion, while market value will increase by 10.5 percent, reflecting diminishing average selling price (ASP). Revenue growth in 2019 is expected to be 9.4 percent to about $20.4 billion.

MCU market history, forecast by units and value. Source: IC Insights.

The market research firm has also raised its five-year growth projection of MCU sales to a compound annual growth rate (CAGR) of 7.2 percent over the period 2017 to 2022, with unit shipments increasing by a compound annual growth rate of 11.1 percent to about 43.8 billion in the final forecast year.

About 40 percent of total MCU shipments are currently for smartcard applications, IC Insights estimates.

Excluding smartcard MCUs, sales of general microcontrollers for embedded systems, automated control, sensing applications, and IoT-connected things are forecast to grow 11 percent in 2018 to $16.4 billion after rising 14 percent in 2017. 

The estimates of the MCU market will be deeply affected by whether researchers include machine learning processors in the category or exclude them.

Related articles:
AI chip market set to rival that of microcontrollers
China set to make a fifth of world’s chips in 2020
M&A moves alter MCU vendor ranking
Analog and digital circuits for machine learning

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