Microcontroller Socket Market Analysis

Narrowing costs is the key driving force in the IC manufacturing industry. Improvements in technology help to fulfill the desires of leading-edge electronic systems. Nevertheless, when an IC producer is given the option of keeping costs under control or utilizing the most progressive technology, his option mostly would lean toward minimizing costs and the same happens in microcontroller socket market.

The major challenge faced by Microcontroller socket market is the fierce competition between the leading vendors of this market which is not allowing the market to grow.

Microcontroller socket market: Segmentation

Segmentation of microcontroller socket market on the basis of Product

Segmentation of microcontroller socket on the basis of application:

Microcontroller socket market: Competition Landscape

 Key Contracts

In October 2016, STMicroelectronics acquired NFC and RFID reader assets, strengthening their portfolio of secure microcontrollers for next-generation mobile and Internet of Things devices.

In September 2012, Sensata Technology Inc. acquired WELLS-CTI Inc. a product division by the name of Qinex designs and manufactures sockets for the Semiconductors Industry. WELLS-CTI Inc. specializes in making of Test Sockets Which include Microcontroller sockets.

Key Players

Some of the key players of microcontroller socket market are: Intel, Loranger International Corporation, Aries Electronics Inc., Enplas Corporation, FCI, Johnstech International Corporation, Mill-Max Mfg. Corporation, Molex Inc., Foxconn Technology Group, Sensata Technologies B.V., Plastronics Socket Company Inc., Tyco Electronics Ltd., Chupond Precision Co. Ltd., Win Way Technology Co. Ltd., 3M Company, Enplas Corporation, Yamaichi Electronics Co. Ltd. and Johnstech International Corporation

Microcontroller socket market: Regional Overview

On the basis of geography, microcontroller socket market can be segmented into five key regions namely North America, Latin America, Europe, APAC and Middle East & Africa. Among various regions, the microcontroller socket market in APAC is expected to dominate during the forecast period owing to adoption of microcontroller socket by several industries for implementing products of automobile and healthcare industry. Asia Pacific region is expected to be followed by North America and Europe.

In North America and Europe region, the market of microcontroller socket is gradually growing owing to the presence of small and large IC manufacturers present in this region. 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.