(PRWEB) August 14, 2014
According to a new market research report "Microcontrollers, DSP, & IP-Core Chip Market by Type, Application (Automotive & Transportation, Consumer Electronics, Industrial, Communications, Security, Medical & Healthcare) and Geography (North America, South America, Europe, APAC, & ROW) - Analysis & Forecast to 2014 - 2020", the, DSP, IP-Core Chip & Microcontrollers Market is expected to reach $41.69 Billion by 2020, growing at a CAGR of 6.96% from 2014 to 2020.
Browse 78 market data Tables, 58 Figures spread through 300 Pages and in-depth TOC on " DSP, IP-Core Chip & Microcontrollers Market ".
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Technological advancement in the automobile sector has given rise to the Microcontrollers, DSP, & IP-Core Chip Market. Consumers are demanding various solutions in automotive applications such as Advanced Driver Assistance Systems (ADAS), engine control unit, automotive infotainment, in-vehicle networking, and more, which has further lead the demand for microcontrollers. Smartphone market also witnesses the growth of the microcontroller market. Microcontroller is one of the important components in a smartphone and is poised to witness major growth as the embedded processing is becoming more complex, which is further driving the market.
Increasing the number of wireless devices and requirement of wireless infrastructure are increasing the demand of Digital Signal Processors (DSP). Wireless communication requires high signal performance at reduced power consumption, which has eventually enhanced the multi-core DSP market. IP video surveillance also drives the demand of DSPs that provide features such as remote monitoring, lower cost installation, and centralized backup and storage.
The report's detailed segmentations by product type, core type, IP nature, customization, applications, and geography cover all the existing and emerging technologies in the Microcontrollers, DSPs, & IP core chips market. Microcontroller market segmented by type, 8-bit, 16-bit, and 32-bit. DSP market segmented by product segments and core types, Product segment of DSP consists of general purpose DSP, application specific DSP, and programmable (FPGA & PLD) DSP; the core type segment consists of single-core DSP processor and multi-core DSP processor. IP-core chips market segmented by IP nature and customization, IP nature consists of soft core and hard cores. Customization segment consists of standard IP core and customizable IP core.
There are numerous factors that drive the Microcontrollers, DSP & IP-Core Chip market, some of which include the increasing demand in the automobile applications that implements microcontroller right from the controlling of windshield wipers to the internal temperature control. Also, strong penetration in the consumer electronics sector, which encompasses smartphones and tablets, set-top boxes and digital TVs, wearable devices, game consoles, and more, is further driving the market. Another driver is the migration to small technology nodes, which facilitates the chip manufacturers with benefits, such as small form factor, faster time-to-market, reduced manufacturing costs, and more.
The application segmentation of the market covers all the major applications such as automotive and transportation, consumer electronics, industrial building and home, security, communications, and medical and healthcare market in detail.
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One of the objectives of the research study was to analyze the market trends for each of the microcontrollers, DSPs, and IP core chips products segments; and the growth rates of the various product segments.
The semiconductor industry, today, is driven by communication technologies and equipment, which demand lighter and smaller IC packaging. The ever increasing demand for lower power consumption, higher performance and bandwidth, smaller sizes, and lighter weight drives the MCU, DSP, and IP core chip market. Over the past few decades, the Semiconductor Chip industry has evolved tremendously. There have been unimaginable advances with the invention of highly advanced chips in every related field of semiconductors. Also, migration from old semiconductor chips to the latest ones to incorporate superior functionality and huge developments in the process technology nodes. Several new chips have also come into the picture, aided by the advent of the SoC technology.
Apart from market segmentation, the report also includes in depth analysis such as Porter's five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the microcontroller, DSPs, & IP core chips market.
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