IoT Microcontroller Market Growing Steadily at 9.7% CAGR to 2026 Key Player Analysis - Infineon Technologies, Broadcom Corporation, Microchip Technology, Fujitsu Ltd, Holtek Semiconductor, Silicon Laboratories

Global IoT Microcontroller Market Size Estimated To Reach $5,170 Million in 2026 says a new report by Polaris Market Research

The global IoT microcontroller market generated US$ 2,255 million in 2017 and is anticipated to grow at a CAGR of 9.7% during the forecast period.

IoT microcontrollers enable connectivity and control of devices that are connected to the internet. Microcontrollers are designed to perform specific functions, and they can be integrated into equipment such as industrial equipment, warehouse inventory items, wearables devices, home appliances and others. The different microcontrollers used for IoT include 8-bit microcontroller, 16-bit microcontroller, 32-bit microcontroller, and 64-bit microcontroller.

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The growth in automation across various industries, and growing adoption of IoT has increased the demand for IoT microcontroller across the globe. The increasing penetration of mobile devices, growing internet penetration, and rising demand for mobility services has boosted the growth of the global IoT microcontroller market. The increasing trend of BYOD, IOT, cloud, virtualization, and big data analytics has further increased the adoption of IoT Microcontroller. The increasing implementation of smart meters, and technological advancements would provide growth opportunities in the IoT microcontroller market in coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global IoT Microcontroller Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

North America generated the highest revenue in 2017 owing to increasing industrial automation in the region. Organizations are moving towards BYOD, IoT, big data analytics, and virtualization, thereby increasing the need for IoT Microcontroller in the market.

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Competitive Landscape and Key Vendors

The global IoT microcontroller market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the report include-

Infineon Technologies, Broadcom Corporation, Microchip Technology, Fujitsu Ltd, Holtek Semiconductor, Silicon Laboratories, Inc, Texas Instruments, NXP Semiconductors N.V, Atmel Corporation, and Espressif Systems Pte. Ltd.

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Key Segments
Type
• 8 Bit Microcontroller
• 16 Bit Microcontroller
• 32 Bit Microcontroller
Application
• Consumer Electronics
• Automotive
• Healthcare
• Industrial Automation
• Smart Homes
• Others

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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