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Microcontrollers, DSP, & IP Core Chip Market

A Detailed Analysis of the Microcontrollers, DSP, & IP Core Chip Market on the Basis of Microcontroller, Digital Signal Processor, & IP Core Chip Type

Market Study on Microcontrollers, DSP, & IP Core Chip: Rising Adoption of Advanced Technologies and Interconnection Demands in IoT Devices to Create Opportunities for Manufacturers! Find Out More with PMR’s New Report!

Microcontrollers, DSP, & IP Core Chip Market Outlook (2022 to 2032)

The global microcontrollers, DSP, & IP Core Chip market size reached US$ 47.5 billion in 2022. Over the next ten years, global microcontroller, DSP, and IP core chip sales are likely to soar at 6% CAGR. Total market valuation is projected to reach US$ 85 billion by the end of 2032.

Adoption of microcontrollers, DSP, & IP core chips is expected to remain high in consumer electronics sector. As per Persistence Market Research, consumer electronics segment is forecast to thrive at around 5.8% from 2022 to 2032.

Key Market Trends Listed by Persistence Market Research (PMR):

  • Widening applications of microcontrollers, DSPs, & IP core chips across consumer electronics and automotive sector is expected to boost the market
  • Rapid penetration of digitalization across several sectors and consumer electronics is set to elevate microcontroller, DSP, & IP core chip demand
  • Surging popularity of autonomous vehicles is anticipated to positively impact microcontroller, DSP, & IP core chip sales
  • Increasing penetration of Industry 4.0 and high adoption of automation will fuel microcontroller, DSP, and IP core chip demand
  • Escalating need for advanced medical devices is forecast to open new revenue-generation opportunities for microcontroller, DSP, and IP core chip manufacturers in the health sector
  • High adoption of robotics across industries is likely to open a new stream of opportunities for microcontroller, DSP, and IP core chip companies
  • Increasing usage of digital signal processor chips in consumer electronics such as smartphones will fuel market expansion
  • Rising importance of IP core chips in SOC (system-on-chip) designs will trigger sales in the market

Microcontrollers, DSPs, and IP core chips have become indispensable components of modern electronic devices. These components find application in a wide range of industries including consumer electronics, automotive, medical devices, and semiconductors.

Rising applications of microcontrollers, DSPs, and IP core chips in booming automotive sector will attract investments in these products.

In 2022, the total number of automobiles sold worldwide reached around 67 million units sold worldwide. It is projected that around 73 million automobiles will be sold globally by 2027. This in turn is expected to generate high demand for microcontrollers, DSPs, and IP core chips during the assessment period.

Leading automakers are using microcontrollers in various automotive applications. This includes advanced driver assistance systems (ADAS), engine control units, automotive infotainment, etc. Driven by this, manufacturers of microcontrollers, DSP, and IP core chips will benefit greatly.

Rise in the number of wireless devices and need for highly developed wireless infrastructure is projected to elevate demand for DSPs (digital signal processors). This is because DSPs provide high signal performance at reduced power consumption.

Digital signal processors are widely used in speech recognition systems, radars, telecommunications, and audio signal processing. High usage of DSPs in several consumer electronic devices including smartphones, high-definition televisions, disk drives, and embedded systems due to their excellent power efficiency will boost the market.

Leading companies are innovating and investing vigorously to optimize performance of their products. This will expand their application area and create new revenue-generation opportunities for players.

Various companies are launching new products to meet evolving demand of end-use industries. For instance, in 2019 the new ARC VPX DSP processor was introduced by Synopsys, Inc. The new solution is optimized for a wide range of high-performance signal processing applications, including sensor fusion and LiDAR/RADAR.

In November 2021, a new processor IP core was introduced by CAST, Inc. that offers lower power consumption and configurable options for smoothly running various embedded applications.

Development of these new solutions is anticipated to help companies to increase their revenues, expand their customer base, and gain a competitive edge in the market.

Regionally, Asia Pacific will remain the epicenter of the microcontrollers, DSP, & IP core chip industry. As per the latest analysis, Asia Pacific microcontrollers, DSP, & IP core chips market size is expected to expand from US$ 24 billion in 2022 to US$ 43 billion by 2032.

Rapid expansion of automotive and consumer electronics sectors along with increasing proliferation of IoT is driving Asia Pacific market forward.

In Asia Pacific, there were around 4.8 billion IoT devices in 2020 which is projected to increase to about 14 billion by 2030. Driven by this, demand for microcontrollers, DSPs, and IP core chips is expected to rise rapidly across Asia Pacific. This is because microcontrollers, DSPs, & IP core chips are increasingly being used in IoT devices to process the data collected by sensors.

Attributes Key Insights

Global Microcontrollers, DSP, & IP Core Chip Market Size in 2022

US$ 47.5 billion

Projected Microcontrollers, DSP, & IP Core Chip Market Value in 2032

US$ 85 billion

Value-based CAGR (2022 to 2032)

6.0%

United States CAGR (2022 to 2032)

4.8%

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2017 to 2021 Global Microcontrollers, DSP, & IP Core Chip Sales Outlook Compared to Demand Forecast from 2022 to 2032

As per Persistence Market Research (PMR), from 2017 to 2021, global sales of microcontrollers, DSPs, & IP core chips grew at around 6.9 % CAGR. For the next ten years, the global market is likely to exhibit a CAGR of 6.0%, creating an absolute $ opportunity of US$ 37.5 billion.

With the rise of the Internet of Things (IoT) and the increasing number of connected devices, there is a growing need for microcontrollers & DSPs that can handle data processing, connectivity, and security functions.

Microcontrollers, DSPs, and IP core chips are essential components in the development of IoT (Internet of Things) devices.

Microcontrollers and DSPs are used to process the data collected by sensors in IoT devices. They can perform calculations on this data, filter out unwanted noise, and send the processed data to other parts of the system.

Microcontrollers and IP core chips are used to enable IoT devices to communicate with each other and with the internet. They can support a range of communication protocols, such as Wi-Fi, Bluetooth, Zigbee, and LoRa.

There were around 13.14 billion IoT-connected devices in 2022 and this number is projected to rise to over 23.14 billion by 2030. With an increase in the number of IoT devices in the world, demand for microcontrollers, DSPs, and IP core chips is projected to rise. This will aid in the expansion of the global market.

Rapid expansion of automotive industry and integration of novel technologies in vehicles will bolster microcontroller, DSP, and IP core chip sales.

As the automotive industry continues to evolve rapidly, more and more vehicles are incorporating advanced driver assistance systems (ADAS) and other connected features. This in turn is elevating demand for microcontrollers, DSPs, and IP cores.

Microcontrollers and DSPs are used to control the engine in modern vehicles. They can adjust the fuel injection timing, optimize combustion, and monitor emissions. Further,, these components are used in safety systems such as airbags, anti-lock brakes, and traction control.

Microcontrollers and DSPs can monitor the vehicle's sensors and respond quickly in the event of a collision or loss of control. They are also used in ADAS systems such as lane departure warning, adaptive cruise control, and blind-spot detection. These components can process data from sensors such as cameras, radar, and lidar to help the driver stay safe on the road.

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Country-wise Insights:

How is the United States Microcontrollers, DSP, & IP Core Chip Market Performing?

As per Persistence Market Research (PMR), the United States microcontrollers, DSP, & IP core chip market is expected to attain a valuation of US$ 11.9 billion by 2032. It is likely to generate an absolute dollar growth of US$ 4.5 billion during the next ten years.

Demand for microcontrollers, DSPs, & IP core chips in the United States is expected to surge at 4.8% CAGR through 2032, in comparison to 3.8% CAGR recorded from 2017 to 2021. Rising popularity of IoT devices is a prominent factor driving the United States market forward.

In 2020, the United States had over 3.9 billion IoT devices, with a predicted increase to about 7.6 billion IoT devices by 2025. This in turn is expected to elevate microcontroller, DSP, and IP core chip demand owing to their rising usage in IoT devices.

Microcontrollers, DSPs, and IP core chips are increasingly being used in IoT devices to enable them to communicate with each other and with the internet. Hence, demand for microcontrollers, DSPs, and IP core chips is expected to rise along with the number of IoT devices in the country.

What Makes China One of the Most Lucrative Markets for Microcontrollers, DSPs, & IP Core Chips?

China microcontrollers, DSP, & IP core chip market is expected to progress at 7.4% CAGR during the assessment period. By the end of 2032, China market is likely to top a valuation of US$ 22.4 billion. These statistics indicate that China will remain one of the leading markets for microcontrollers, DSPs, & IP core chips.

Growing adoption of microcontrollers, DSP, and IP core chips across thriving automotive and consumer electronics sectors is a key factor driving China market. Subsequently, increasing adoption of IoT devices is expected to bolster microcontroller, DSP, & IP core chip sales.

China has the most prominent number of IoT devices in the world. The country had about 3.3 billion IoT devices in 2020, which is expected to increase to around 8.5 billion by 2025. Because microcontrollers, DSPs, and IP core chips are widely employed in IoT devices, rising demand for these devices will eventually boost sales of microcontrollers, DSPs, and IP core chips.

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Category-wise Insights:

Which Product Type will Generate Most Revenues for the Market?

According to Persistence Market Research, demand is expected to remain high for microcontrollers. The target segment (microcontrollers) grew at a CAGR of 6.7% from 2017 to 2021. Miicrocontroller demand is projected to rise at 5.9% CAGR from 2022 to 2032.

A small computer on a single integrated circuit that is designed to control a specific device or system is known as a microcontroller. It contains a processor, memory, input/output peripherals, memory, and other components necessary for the device or system it is controlling.

Microcontrollers are widely used in embedded systems, which are computer systems that are integrated into a larger system or device. Few common applications of microcontrollers include controlling motors, sensors, and displays in automotive systems, consumer electronics, industrial control systems, and medical devices.

Microcontrollers come in a variety of types, with varying processing power, memory, and input/output capabilities. Hence, escalating demand for microcontrollers globally will create lucrative revenue-generation opportunities for manufacturers.

Which Application Segment is Expected to Lead the Market?

Based on application, consumer electronics segment is expected to dominate the global microcontrollers, DSP, & IP core chip industry. This is due to rising usage of microcontrollers, DSPs, and IP core chips in a wide range of consumer electronic products.

The consumer electronics segment is projected to thrive at 5.8% CAGR between 2022 and 2032, in comparison to 6.5% CAGR registered from 2017 to 2021.

Microcontrollers, DSPs, and IP core chips are all used extensively in the design and manufacturing of consumer electronics. These chips are used to control and process various functions in consumer electronic devices, including audio and video processing, wireless connectivity, user interfaces, and power management.

Microcontrollers are commonly used in a wide range of consumer electronics, including smart home devices, wearable technology, gaming consoles, and home entertainment systems. For example, microcontrollers are used in smart thermostats to control heating and cooling systems, and in fitness trackers to monitor and process sensor data.

DSPs are often used in audio and video processing applications in consumer electronics. For example, DSPs are used in audio amplifiers to improve sound quality, and in televisions to improve video processing and image quality.

IP core chips are used in a variety of applications in consumer electronics, such as wireless connectivity and encryption. For instance, IP core chips are used in Wi-Fi routers to provide wireless connectivity, and in smartphones to perform encryption and decryption for secure communication.

Burgeoning demand for consumer electronic products will therefore continue to generate lucrative opportunities for manufacturers during the projection period.

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Competitive Landscape:

Few of the key microcontroller, DSP & IP core chip manufacturing companies include Intel Corporation, Analog Devices Inc., ARM Holdings PLC, Cadence Design Systems, CEVA Inc., NXP Semiconductors, Infineon Technologies AG, Maxim Integrated Products Inc., Panasonic Corporation, Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Inc., and Xilinx Inc.

Leading manufacturers of microcontrollers, DSPs, & IP core chips are continuously innovating to develop new and enhanced solutions. They are also showing interest in employing strategies such as mergers, acquisitions, collaborations, and partnerships to expand their footprint.

Recent Developments:

  • In March 2023, to develop server-based automotive architectures, Continental and Infineon Technologies formed a partnership. The desired electrics/electronics (E/E) architecture has a few, central high-performance processors (HPC) and a few, powerful Zone Control Units (ZCU) rather than hundreds or thousands of independent control units.
  • In October 2020, AMD announced the acquisition of Xilinx Inc. This transaction is aimed to improve and expand the product portfolio for AMD and expand its presence across various regions where Xilinx is a significant player.

Scope of the Report:

Attribute Details

Estimated Market Size (2022)

US$ 47.5 billion

Projected Market Size (2032)

US$ 85 billion

Anticipated Growth Rate (2022 to 2032)

6.0% CAGR

Forecast Period

2022 to 2032

Historical Data Available for

2017 to 2021

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Nordic
  • Russia
  • Poland
  • China
  • India
  • Thailand
  • Indonesia
  • Australia and New Zealand
  • Japan
  • GCC countries
  • North Africa
  • South Africa
  • Others

Key Segments Covered

  • Product
  • Application
  • Region

Key Companies Profiled

  • Intel Corporation
  • Analog Devices Inc.
  • ARM Holdings PLC
  • Cadence Design Systems
  • CEVA Inc.
  • NXP Semiconductors
  • Infineon Technologies AG
  • Maxim Integrated Products Inc.
  • Panasonic Corporation
  • Renesas Electronics Corporation
  • STMicroelectronics N.V.
  • Texas Instruments Inc.
  • Xilinx Inc.

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Drivers Restraints Opportunity Trends Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Global Microcontrollers, DSP, & IP Core Chip Market Segmentation:

By Type:

  • Microcontrollers
  • Digital Signal Processor
  • IP Core Chip

By Application:

  • Automotive & Transportation
  • Consumer Electronics
  • Medical & Healthcare
  • Communication
  • Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Intel Corporation
  • Analog Devices Inc.
  • ARM Holdins PLC
  • Cadence Design Systems
  • CEVA Inc.
  • NXP Semiconductors
  • Infineon Technologies AG
  • Maxim Integrated Products Inc.
  • Panasonic Corporation
  • Renesas Electronics Corporation
  • STMicroelectronics N.V.
  • Texas Instruments Inc.
  • Xilinx Inc.

- Frequently Asked Questions -

The global market for microcontrollers, DSPs, & IP core chips was valued at US$ 44.5 billion in 2021.

Currently, the global microcontrollers, DSP, & IP core ship market is valued at US$ 47.5 billion.

The worldwide microcontrollers, DSP, & IP core chip industry is expected to reach US$ 85.2 billion by 2032.

The global market exhibited a CAGR of 6.9% from 2017 to 2021.

Global microcontroller, DSP, & IP core chip demand is forecast to increase at 6.0% CAGR through 2032.

Consumer electronics is expected to generate lucrative opportunities for microcontroller, DSP, & IP core chip manufacturers.

Japan and Korea markets are expected to thrive at 6.2% and 6.4% CAGRs respectively through 2032.

Registering a CAGR of 4.4%, the United Kingdom microcontrollers, DSP, and IP core chip industry is projected to reach US$ 2.2 billion by 2032.

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