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Microcontroller Socket Market Analysis By Product (DIP, BGA, QFP, SOP, SOIC), By Application (Industrial, Consumer Electronics, Automotive, Medical Devices, Military & Defense), By Region, And Segment Forecasts, 2014 - 2024NEW YORK, Jan. 18, 2017 /PRNewswire/ -- The global microcontroller socket market is expected to reach USD 1.46 billion by 2024, according to a new report by Grand View Research, Inc. The increasing development and growth of automation and re-automation in the emerging countries are expected to fuel the industry growth. Intense competition in the market has led the industry participants to enhance the product quality and process technologies as per the market requirement. However, failure to develop new designs and delays in developing new products with advanced technology may adversely affect the manufacturer market. Further key findings from the report suggest: The microcontroller socket market is expected to boost over the forecast period owing to the increasing microcontroller applications in various segments The QFP socket is expected to grow at a CAGR of over 7% from 2016 to 2024, owing to the growing trend of automation and re-automation in the emerging countries The automotive segment is projected to dominate over the forecast period owing to the huge application of the socket in the manufacturing of automobiles, such as body electronics, for enhancing driver safety The majorindustry players in the microcontroller socket market include Texas Instruments, Aries Electronics, Mill-Max Manufacturing Corporation, and Samtec, Inc. Read the full report: http://www.reportlinker.com/p04604988-summary/view-report.html To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/microcontroller-socket-market-analysis-by-product-dip-bga-qfp-sop-soic-by-application-industrial-consumer-electronics-automotive-medical-devices-military--defense-by-region-and-segment-forecasts-2014---2024-300393140.html SOURCE Reportlinker |