Europe Microcontroller (MCU) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Europe Microcontroller (MCU) Industry Overview

The European microcontroller market is competitive and significantly consolidated. The wide range of applications of microcontrollers contributes to intense rivalry among key market players. The major providers are in the process of the constant evolution of products, following different strategies to capture the market. The players are looking forward to strategic collaboration with other brands and joint product developments for coming up with problem-solving solutions.

• August 2022: STMicroelectronics announced the release of Version 4.20 of TouchGFX user-interface design software for microcontrollers. The updates include support for ST's new NeoChrom graphics accelerator, integrated into advanced MCUs such as the new STM32U5 series.
• May 2022: Microchip Technology released the industry's first microcontroller (MCU), combining a secure subsystem and Arm TrustZone technology in a single package. The PIC32CM LS60, which incorporates Microchip's Trust Platform secure subsystem, simplifies the development of end products by allowing the use of a single microcontroller rather than two or more semiconductor chips.