January 29 2021
Market Research Future published a research report on “IoT Microcontroller Market Research Report- Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
IoT Microcontroller Market – Overview
The global IoT Microcontroller market is projected to witness a rapid growth during the forecast period. By product type segment, the 32-bit IoT microcontroller held the largest market share owing to the extensive use of 32-bit IoT microcontroller across various IoT applications due to its high RAM size and better performance.
The global IoT microcontroller market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the IoT microcontroller market in North America is expected to witness significant growth during the forecast period. Technologically advanced industries and demand for the connected device are aiding the market growth. The U.S. is anticipated to drive the growth of the IoT Microcontroller Market, owing to the presence of large number of established key players, such as Atmel (U.S), Freescale (U.S.), Texas Instruments (U.S), Microchip Technology (U.S.), Intel Corporation (U.S.) and others
In the global IoT microcontroller market, Asia Pacific is anticipated to demonstrate the highest CAGR during the forecast period as compared to other regions, owing to rising adoption of advanced technologies in the industrial sector, particularly in the emerging economies of India and China.
The global IoT microcontroller market is projected to reach USD 4 billion at a CAGR of over 12% by the end of the forecast period.
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Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “IoT Microcontroller Market Research Report-Forecast to 2023”.
IoT Microcontrollers Marketing: Segmental Analysis
The global IoT microcontroller market is segmented into product type and application. The product type segment consists of 8 bit, 16 bit, and 32 bit IoT microcontrollers. The application segment consists of consumer electronics, automotive, industries, healthcare, and others.
Some of the prominent players in the global IoT microcontroller market are Atmel (U.S), Freescale (U.S.), Infineon (Germany), ST Microelectronics (Switzerland), Texas Instruments (U.S), Fujitsu Ltd (Japan), Microchip Technology (U.S.), Samsung Group (South Korea), Intel Corporation (U.S.) are among others.
Global IoT Microcontrollers Market: Regional Outlook
The global IoT microcontroller market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America accounts for the highest share in the global IoT microcontroller market, owing to the increasing IT requirements and rising demand from the smart home segment. The rapid technological advancements in the smart devices segment are fueling the market growth in the North American region. Asia Pacific market is growing with the highest CAGR owing to rising advancement in the automotive industry associated with vehicle connectivity and interactive safety system, which is anticipated to leverage the demand of IoT microcontroller market. Furthermore, increasing demand for various consumer electronic devices such as smartphones, tablets, smart television and smartwatches among others is also expected to propel the demand for microcontroller in the region. Moreover, the presence of major smart device manufacturers is boosting the market growth in the region.
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