openPR Logo
Press release

Internet of Thing Microcontroller Market - Demand of Smart Devices During the Forecast Period from 2016 to 2024

01-27-2017 08:22 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Internet of Thing Microcontroller Market - Demand of Smart

MCU, alternatively known as microcontroller is a system on chip (SoC) consisting of a memory, processor core and programmable input and output peripherals. In many cases, small amount of random access memory (RAM) is embedded in a MCU for better performance.

Currently, microcontroller is used extensively across various automatically controlled Internet of Thing (IoT) devices and products such as medical devices, automobile engine control systems, office machines, remote controls, power tools and other portable devices.

In order to provide detailed analysis of the global microcontroller market, the market has been segmented on the basis of product type, application and geography. By product type, the global microcontroller market can be bifurcated into 8-bit MCU, 16-bit MCU and 32-bit MCU.

IoT microcontroller also finds its application across various consumer electronic devices, automotive, medical devices, smart home products and smart grid among others. On the other hand, geographically the market can be classified into North America, Europe, Asia Pacific, Middle East and Africa and Latin America among others.

Get PDF Brochure for more Professional and Technical industry insights:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15761

Rapid advancements in Internet of Thing (IoT) application in order to provide technologically advanced smart devices to various consumers, is the primary factor predicted to boost the demand of microcontroller at an exponential rate in the coming years.

In addition, rising demand for automation across various application segment is also anticipated to accelerate the demand of smart devices during the forecast period from 2016 to 2024.

This in turn is also predicted to affect the market of microcontroller positively. Moreover, rapid installation of smart meter across different commercial and residential sectors in order to monitor overall electric energy consumption and to report the information back to the utilities for automatic billing purposes is anticipated to trigger the demand of microcontroller during the forecast period.

However, high power consumption of microcontroller is one of the primary factor anticipated to affect the demand of microcontroller negatively.

Microcontroller embedded in smart devices rely on batteries to consume required power for its efficient operation. This in turn decreases the lifecycle of batteries and is expected to increase the overall operating cost.

In addition, security related issues of IoT devices is another important factor predicted to limit the demand of microcontroller in the coming years.

Based on product type, the 32-bit IoT microcontroller held the largest market share in 2015. The main reason behind this segments dominance is attributed to the extensive use of 32-bit IoT microcontroller across various IoT applications owing to its high RAM size and better performance.

In addition, the price difference between 32-bit, 16-bit and 8-bit microcontroller is also very low. Thus, consumers incline towards 32-bit variant, there by anticipated to affect the market positively.

By application, the global market of IoT microcontroller is majorly driven by the consumer electronics segment. Increasing demand for technologically advanced consumer electronic devices across the globe such as smart wearable, mobile phones, tablets and computers among others, is anticipated to create an optimistic market for various microcontroller manufacturers during the forecast period from 2016 to 2024.

Across various regions, North America is anticipated to dominate the market of IoT microcontroller in the coming years owing to the presence of large number of manufacturers and rapid technological advancements taking place in the field of smart devices.

However, Asia Pacific region is predicted to experience the fastest growing market during the forecast period. Rapid advancement taking place in the automotive industry in this region in terms of vehicle connectivity and interactive safety system is anticipated to leverage the demand of IoT microcontroller extensively in the coming years.

In addition, increasing demand for various consumer electronic devices such as smart phones, tablets, smart television and smart watches among others is also predicted to propel the demand of microcontroller in this region.

Some of the major players operating in the IoT microcontroller market includes, Atmel (U.S), Freescale (U.S.A), Infineon (Germany), ST Microelectronics (Switzerland) and Texas Instruments (U.S) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Internet of Thing Microcontroller Market - Demand of Smart Devices During the Forecast Period from 2016 to 2024 here

News-ID: 423334 • Views: 866

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for IoT

Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Telecom IoT
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these