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Microcontroller Market Value Anticipated To Reach US$ 20.2 Billion By 2027: Acumen Research And Consulting

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Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Microcontroller Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020-2027”

LOS ANGELES, April 21, 2021 (GLOBE NEWSWIRE) — The Global Microcontroller Market is expected to grow at a CAGR of around 8.3% from 2020 to 2027 and reach the market value of over US$ 20.2 Bn by 2027.

The North American microcontroller market accounted for the largest market share, owing to the United States government’s increasing investments in relocating some manufacturing back to the United States. Furthermore, research and development in surveillance and combat drones will open up new opportunities for the market. These drones and Unmanned Aerial Vehicles (UAVs) are linked to MCUs for high-precision military applications. Increased government spending on defense in the United States will contribute to the market’s growth.

Asia Pacific, on the other hand, is expected to grow at a reasonable rate during the forecast period. One of the major factors driving the global microcontrollers market is the increasing adoption of IoT across a variety of applications such as smart appliances, industrial automation, home automation, smart grids, and smart cities.

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Top impacting factors

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The most important factors driving the microcontroller market growth are rapid developments and innovations in the automotive sector; an increase in the trend of working through automated machinery and equipment, a surge in the scope of electronic products, and technological advancement, which drives the demand for the development of new products and solutions. However, operational failures in extreme climatic conditions are expected to stymie market growth. Furthermore, the high demand for electric and hybrid vehicles is expected to provide lucrative opportunities for the microcontroller industry to grow in the future.

COVID-19 impact on global microcontroller market

The COVID-19 pandemic has disrupted the global supply chain of raw materials and components. The pandemic has also resulted in a drop in semiconductor sales, which is having a significant impact on the microcontroller market. According to the Semiconductor Industry Association, global semiconductor sales fell by 3.6 percent in the first quarter of 2020 as a result of the COVID-19 pandemic disrupting international trade activities. In addition, several major consumer electronics manufacturers have halted production due to various lockdown scenarios. This has slowed the adoption of microcontrollers even further, impeding market growth in the short term.

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Segmental Outlook

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The global microcontroller market is segmented as product and application. The product is segmented as 8-bit, 16-bit, and 32-bit. By application, the market is segmented as automotive, consumer electronics & telecommunication, industrial, medical devices, and military & defense.

Competitive Landscape

The prominent players of microcontroller involve Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors N.V., Renesas Electronics Corporation, Texas Instruments Incorporated, Toshiba Corporation, ON Semiconductor, Analog Devices, Inc., and among others. 

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Some of the key observations regarding microcontroller include:

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  • In September 2019, Infineon Technologies AG announced a collaboration with Synopsys, Inc. As Artificial intelligence (AI) and neural networks are becoming a key factor in developing safer, smart, and eco-friendly cars. In order to support AI-driven solutions with its future automotive microcontrollers, Infineon Technologies AG collaborated with Synopsys to develop a new product namely ” AURIX™ microcontrollers” that will integrate a new high-performance AI accelerator called Parallel Processing Unit (PPU) that will employ Synopsys’ DesignWare® ARC® EV Processor IP.
  • In September 2019, NXP Semiconductors N.V announced the launching of a new product namely, “i.MX RT106F” running on FreeRTOS, the new MCU-based face recognition solution enables original equipment manufacturers (OEMs) to quickly, easily, and inexpensively incorporate face, expression, and emotion recognition into a diverse range of IoT products. The i.MX RT106F leverages the power of NXP’s OASIS face processing engine to provide a breakthrough in price and performance, using a neural network to perform face detection, recognition, and anti-spoofing, without the need for cloud connectivity.
  • In October 2020, Microchip Technology Inc. announced the launching of a new product namely, “WFI32E01PC “. The newly launched product is a Trust&GO secured platform-enabled Wi-Fi MCU module that is pre-provisioned for cloud platforms. The WFI32E01PC is compliant to Wi-Fi Alliance (WFA) specification and fully certified with the following world regulatory agencies: Federal Communications Commission (FCC), Industry Canada (IC), and European Radio Equipment Directive (RED). Microchip’s Trust&GO platform inside the WFI32E01PC streamlines the process of network authentication using secure element technology, which is preconfigured and pre-provisioned for cloud authentication.

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Globhe and OpenForests Partner to Enhance Environmental Project Monitoring with Global Drone Data Integration

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STOCKHOLM, Oct. 1, 2024 /PRNewswire/ — Globhe, a global marketplace for on-demand drone data services, and OpenForests, the innovative force behind the explorer.land platform, are pleased to announce a strategic partnership designed to elevate environmental monitoring and project visualization. This collaboration integrates Globhe’s cutting-edge drone data marketplace into explorer.land, offering organizations a powerful tool to enhance transparency, engagement, and impact in their sustainability projects.

Transforming Environmental Monitoring with On-Demand Drone Data
explorer.land, known for its interactive and transparent project platform, now features high-resolution drone data from Globhe upon request. This integration allows users to experience a more dynamic and detailed view of their environmental projects. By visualizing ‘before and after’ scenarios through drone imagery, organizations can demonstrate the impact of their efforts, making it easier to engage stakeholders and attract support.
“The integration of Globhe’s drone data into explorer.land marks a significant advancement in how environmental projects are monitored and presented,” said Alexander Watson, CEO of OpenForests. “This partnership empowers our users to tell more compelling stories about their work, enhancing both credibility and visibility on a global scale.”
CO₂ Operate’s Gula Gula Food Forest Program
To illustrate the power of this new capability, CO₂ Operate’s Gula Gula Food Forest Program serves as a prime example. Through the integration of drone data into their explorer.land profile, CO₂ Operate has been able to effectively showcase the progress and impact of their carbon offsetting and biodiversity initiatives. This case study highlights how organizations can use this technology to improve the transparency and effectiveness of their sustainability efforts.
“Working with Globhe and OpenForests has provided us with invaluable tools to visualize and communicate the impact of our work,” said Paul Burgers, Founder of CO₂ Operate. “The drone data not only enhances our project’s visibility but also strengthens our commitment to achieving broader sustainability goals.”
Driving Innovation in Environmental Project Management
The partnership between Globhe and OpenForests is set to redefine how environmental and reforestation projects are documented and understood. By combining drone data with explorer.land’s robust visualization tools, organizations can enhance their project profiles, engage a broader audience, and drive greater environmental impact.
Andreas Nordansjö, CMO of Globhe, commented, “Our collaboration with OpenForests represents a transformative step in how environmental projects are managed and executed globally. By integrating our drone data into explorer.land, we’re offering OpenForests clients access to a vast network of professional drone operators in over 147 countries.” He continues “This marketplace approach ensures they receive the best possible price through competitive bidding and guarantees they are working with skilled local professionals who understand the unique challenges of each region”.
CONTACT:
Andreas NordansjöChief Marketing Officer, [email protected]+46(0)736334774
This information was brought to you by Cision http://news.cision.com
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Symphony Talent Unveils Interview Genius

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New GenAI-Powered Solution Streamlines the Interview Process to Save Recruiters Time and Reduce Bias
NEW YORK, Oct. 1, 2024 /PRNewswire/ — Symphony Talent, a global leader in talent acquisition solutions, announces the launch of Interview Genius, a groundbreaking feature within its SFX On-Demand Interview (ODI) platform. This AI-powered tool will transform how organizations conduct interviews by automating the creation of structured, fair, and science-backed interview questions tailored to each role.

Interview Genius empowers recruiters by leveraging advanced artificial intelligence and a research-backed Large Language Model (LLM) developed by Industrial-Organizational (I/O) Psychologists and Data Scientists. By inputting details such as job description, industry, and desired competencies, Interview Genius generates relevant and consistent questions so recruiters can save time while ensuring every candidate is evaluated without bias.
“The power of AI to transform talent acquisition cannot be overstated,” added Kermit Randa, CEO of Symphony Talent. “With Interview Genius, we’re offering our clients an intelligent, science-backed solution that streamlines the hiring process while maintaining the highest standards of fairness and objectivity. This is how technology can elevate the human element in recruiting, and we’re thrilled to be adding it to our suite of full-funnel SFX solutions.”
Designed specifically for recruiters, Interview Genius delivers:
Time-Savings: Reduce manual work with AI-generated interview questions based on role specifics so recruiters can focus more on building relationships.Fairness and Consistency: Ensure that all candidates are asked the same questions, promoting an equitable and unbiased hiring process.Streamlined Processes: Optimize workflows and ensure data consistency across systems by integrating with Symphony Talent’s SFX CRM.”Interview Genius represents the future of structured interviewing,” said Perry Steinberg, Chief Product Officer at Symphony Talent. “Our goal was to develop a feature that not only saves time but also ensures every candidate is evaluated fairly and consistently, delivering a better experience for both recruiters and applicants.”
Interview Genius is a standard feature within Symphony Talent’s SFX On-Demand Interview platform. This ensures all clients have access to its AI-powered capabilities as part of their ODI experience and guarantees an immediate benefit from tailored, consistent and fair interviews without additional setup or complexity.
About Symphony TalentSymphony Talent delivers innovative, award-winning talent acquisition solutions that empower clients worldwide to expertly advance talent and teams. Our comprehensive suite of full-funnel solutions, expert brand services, and data analytics tools help clients execute and optimize hiring strategies, ensuring differentiated candidate experiences and improved business outcomes at every stage of the talent acquisition funnel, from attraction to hire. Visit symphonytalent.com to learn more.
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Astrix Accelerates Global Expansion with Enhanced Presence in Europe

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Expanded European presence aims to meet increasing global demand from the life science industry.
RED BANK, N.J., Oct. 1, 2024 /PRNewswire/ — Astrix, the leader in delivering innovative strategies and solutions to the life science community through its market-leading strategic consulting and technology services, is proud to announce its continued momentum and expansion in Europe, fueled by growing demand for its offerings. In addition to a continuously expanding global team of life science professionals across its U.S. offices and European headquarters in Ireland, the company is also planning to establish new locations in Europe in the near future to accommodate its rapid growth and new customers in the region since formally launching last year.

“We knew, when Astrix launched in Europe last year, that there was a demand for our highly-specialized strategic and technical services. It turns out the need is even greater than we could have imagined and we are excited to extend our support, global perspective, and the unique approach we bring as a company to meet the need for even more clients in the European market,” said Dale Curtis, CEO of Astrix.
Astrix maintains a dedicated workforce of technologists, former scientists, and domain experts from the life science community, with 90% holding advanced science degrees. This deep expertise enables Astrix to deliver unmatched expertise and support to its pharmaceutical, life science, and biotech customers worldwide with its strategic and technical initiatives in and around the laboratory. As the industry faces new challenges in a highly-regulated and rapidly-evolving environment, Astrix assists its global clients by offering:
Expert guidance on emerging trends helping organizations get ahead and succeed in digital transformation and AI readiness with tailored, innovative strategies.A technology and platform agnostic approach, customizing every aspect to fit the client’s unique challenges, rather than one-size-fits-all.Unified team collaboration from the very beginning of planning through to execution. Unlike other consulting firms with fragmented and siloed teams, Astrix offers its customers a thoughtfully-assembled dedicated group of experts taking a more holistic approach to meeting its business goals.”We believe deeply in the importance of having a strong local presence – understanding the people, the markets, and the regulations in the regions we support. This commitment to being on the ground, close to our clients, is a big part of what sets us apart and what we will continue to prioritize as we expand across Europe,” said Michael Gannon, Director of Astrix Europe.
Between now and the end of the year, the Astrix team will be attending or presenting at events across Europe, including:
–       The Lab of the Future Congress, October 1-2 in Amsterdam-       BioTechX, October 9-10 in Basel, Switzerland
For more information about Astrix Europe, please visit https://astrixinc.com/astrix-europe/.
About Astrix
Astrix is the unrivaled market leader in creating & delivering innovative strategies and solutions to the life science community. Through world-class people, processes, and technology, Astrix works with clients to fundamentally improve business, scientific outcomes, and the quality of life everywhere. Founded by scientists to solve the unique challenges of the life science community, Astrix offers a growing array of strategic and technical services designed to deliver value to clients across their organizations.
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