IoT Microcontroller Market Size, Future Trends, Growth Analysis, Segmentation, Industry Share, Gross Margin, Sales Revenue by Forecast to 2023

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 by 2018 to 2023. IoT Microcontroller Market Research Report by Type (8-bit, 16 bit and 32 bit.), End-User (Consumer Electronics, Automotive, Industries, Healthcare) by Global Forecast till 2023. This research report IoT microcontroller market by driving the market include advancements in the application of fields of the internet of things to meet the demands of technologically advanced products of a wide consumer base.

Market Highlights:

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.

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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.

IoT Microcontroller Market Key Players:

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.

Regional Analysis:

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 smart watches 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.

IoT Microcontroller Market Segmentation:

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.

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Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Software Providers
• System Integrators
• Government and Standardization Bodies
• Hardware providers

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