The Microcontroller Socket Market is expected to grow at a CAGR of over 5% between 2024 and 2032, driven by the increasing adoption of microcontrollers in various applications such as automotive, consumer electronics, industrial automation, and healthcare. The demand for advanced microcontroller sockets is propelled by the growing trend toward Electric Vehicles (EVs) and autonomous driving technologies, and their role in enhancing vehicle performance and safety. However, the development and production of these sockets involve significant investment, which can be a barrier for smaller manufacturers or industries with limited budgets.
