The global Internet Of Things Microcontroller Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 12.9% during the review period (2022 to 2027)
Microcontrollers are tiny, self-contained (CPUs)computers hosted on a microchip. They enable connectivity and control in all the things which could be related to the internet. Microcontroller and Microprocessor are the components which are very important and important in designing various kinds of electronic devices. thus, Microcontrollers and Microprocessors are complex serial digital circuits meant to carry out a job according to the program or instructions The growing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are some of the primary factors to drive the market progress. Also, a growing preference for embedded Non-Volatile Memory (eNVM) solutions over System-in-Package (SiP) in high-end applications such as industrial automation, smart utilities, and smart transportation is expected to bode well for the IoT microcontroller market growth over the up coming years. Wearables are intelligent devices that can be worn as accessories, implanted in the user's body, or embedded in the clothing. The miniaturization of sensors and the developments in the latest technologies, such as Artificial Intelligence, Machine Learning, and Big Data Analytics, allow wearables to be integrated with IoT technology. MCU miniaturization offers a platform for system designers that primarily include use-cases for new emerging applications. This rising web for IoT or connected devices encompasses smartphones, Smart Televisions (Smart TVs), tablets, home appliances, smart meters, and security systems, which is anticipated to positively impact the IoT MCU demand.
In February 2022, Infineon Technologies, a German Chipmaker announced its plan to invest more than 2 Bn Euros in a new frontend fab in Kulim, Malaysia. The investment is expected to offer an additional 2 Bn Euros in annual revenues from gallium nitride and silicon carbide.
May 2020, NXP Semiconductor collaborated with OKdo, one of the business units of Electrocomponents Group, to develop E1, a single board computer (SBC). The SBC includes NXP's LPC55S69 Microcontroller, offers a high-performance, secure low-cost platform for IoT applications, and helps the company enhance its customer base.
By Type, it is segmented int
By Applications it is segmented into
Asia Pacific dominated the market and is anticipated to increase at a CAGR exceeding 13.0% over the forecast period. The progress is primarily driven by China, India, and Japan which accounted for more than 50% of the overall market share. This can be ascribed to growing demand for smart wearables and favorable government spending to promote smart cities initiatives. The new Regional Comprehensive Economic Partnership (RCEP) trade agreement with China and ASEAN countries coupled with the increase in disposable income among emerging economies such as Vietnam, Malaysia, and Indonesia are expected to create affordable smart home devices among the consumers, which will eventually drive the market progress over the forecast period.
The Europe regional market reported for a revenue share of over 20% in 2021. In Europe, more than 51% of the electricity meters have been replaced by smart meters as part of the aggressive investments in grid modernization. Favorable government investments have particularly propelled the installation of smart meters across European countries, such as France, Spain, and the U.K., which supports the market progress over the forecast period. All these factors are projected to open opportunities for market players to augment profitability and hence bode well for the growth of the market for IoT microcontrollers over the forecast period.
North America
The Internet Of Things Microcontroller Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Internet Of Things Microcontroller Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 12.9% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Atmel, Fujitsu, Holtek, Infineon, Ixys Corporation, Microchip, Nuvoton, Nxp, Renesas, Samsung, Shhic, Spansion, St Microelectronics, Texas Instruments |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 94 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Internet Of Things Microcontroller Market is studied from 2017 - 2027.
What is the growth rate of Internet Of Things Microcontroller Market?
The Internet Of Things Microcontroller Market is growing at a CAGR of 12.9% over the next 5 years.
What regions does this Internet Of Things Microcontroller Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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SECONDARY RESEARCH
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