Microcontroller sales boomeranged back with strong growth in the economic recovery of 2021, when the MCU market climbed 23% to a record-high $19.6 billion, reports IC Insights here.
IC Insights is forecasting worldwide microcontroller sales to increase 10% in 2022 to reach an all-time high of $21.5 billion (see below table), with automotive MCU growth outpacing most other end-use categories this year.
The 2021 ASP increase was the highest annual growth rate for MCU selling prices in more than 25 years and resulted from tight supplies of microcontrollers in the 2021 economic rebound. For two decades, the MCU market has faced significant price erosion, but the ASP decline slowed in the last five years. IC Insights now expects the ASP for MCUs to rise by a compound annual growth rate (CAGR) of 3.5% between 2021 and 2026.
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