Microcontroller Market Size

Microcontroller Market size was over USD 29.6 Billion in 2023 and is poised to exceed USD 101.2 Billion by the end of 2036, growing at over 10.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of microcontroller is estimated at USD 32.6 Billion.

The microcontroller market is growing as a result of the rise in healthcare expenditure, driven by an increasing prevalence of immunodeficiency disorders coupled with the presence of co-morbidities such as high blood pressure and diabetes. In 2020, a National Institutes of Health report stated that globally about 6 million people suffer from primary immunodeficiencies, out of which about 70% remain undiagnosed. Moreover, this will boost the demand for electronic medical devices for measuring sugar levels and blood pressure, thereby driving the growth in dependable and affordable medical equipment worldwide.