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Latest report analyzing microcontroller socket industry just published

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In this report, the global Microcontroller Socket market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

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The global market for microcontroller socket is gaining traction from its increasing application across various sectors including automotive, consumer electronics, military and defense, and industrial, automation and re-automation in developing countries, and increase in IC packaging development. Currently, there is intense competition among the leading vendors, which is somewhat hindering the proper growth of the market.

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Based on product, the global microcontroller socket market can be segmented into Quad Flat Package (QFP), Ball Grid Array (BGA), Dual In-line Package (DIP), Small Outline IC Package (SOIC), and Small Outline Package (SOP), among which BGA microcontroller socket is anticipated to gain strong demand in the near future, driven by its use for integrated circuits and area type of surface-mount packaging. Application-wise, the prosperity of the automotive sector is projected to propel the demand for microcontroller sockets.

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In addition to that, escalating demand for power line communications and smart energy for metering is expected to gain traction in the near future.

The application in the automotive segment includes body electronics, driving safety, and information devices for supporting a small design and offering a high level of integration, which will further enhance the demand over the forecast period. The growing demand for smart energy for metering and power line communications is also expected to fuel the industrial application demand over the forecast period.

smart meters offer high accuracy, which helps in improving the performance of meters and has led to an enhanced demand in the industry.Asia Pacific microcontroller socket market is expected to grow significantly over the forecast period owing to the increasing demand growth in countries such as Japan and China. The increasing demand of sockets in the microelectronics industry in various applications has led to the enhanced growth.

The key players are focused on product development and innovations within the industry. The vendors are opting for mergers & acquisitions and strategic alliances for maintaining their dominance and expanding their business in the market.

Socket manufacturers are developing enhanced designs for the purpose of interconnecting solutions for high I/O, fine pitch, low profile applications, and adhering to the severe regulations of performance and reliability. The key industry competitors include Aries Electronics (U.S.), Mill-Max Mfg.

Corporation (U.S.), Samtec, Inc. (U.S.), and CNC Tech LLC (U.S.).

Segments Covered in the Report

This report forecasts revenue growth on the global, regional, & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2024. For the purpose of this study, Grand View Research has segmented the microcontroller socket market on the basis of product, application, and region.

What this report offers
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments


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