USD 4.69 billion
Internet of Things (IoT) Microcontroller market Size, Share, Growth Analysis, By Product(8 Bit, 16 Bit, and 32 Bit), By Application(Industrial Automation, Smart Homes, Consumer Electronics (Smartphones, Wearables)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2015 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
68
|Figures:
75
Internet of Things (IoT) Microcontroller market Insights
Internet of Things (IoT) Microcontroller market size was valued at USD 4.69 billion in 2021 and is poised to grow from USD 5.29 billion in 2022 to USD 13.76 billion by 2030, growing at a CAGR of 12.7% in the forecast period (2023-2030).
The mechanism of connecting actuators, sensors, or any device to the Internet is known as the "Internet of Things (IoT)." It may result in a significant shift in how users interact with appliances, smart metres, security sensors, and HVAC systems. IoT vastly expands the connection of things and people. The increased adoption of the Internet of things is a result of the increasing interconnectedness of machines and personal smart devices. Additionally, the rise in cloud computing & analytics, and the proliferation of applications connecting partners, supply chains, and customers is also projected to augment the demand for IoT microcontrollers. Concerns about preserving the enormous amount of data that IoT devices store and communicate are growing as a result of the IoT's rapid growth. This is further anticipated to help promote the growth of the global Internet of Things microcontroller market during the forecast period.
Data security concerns are solved or reduced by the use of microcontroller units (MCUs) that offer encryption, decryption, and authentication techniques. To prevent IoT devices from being corrupted, MCUs enable tamper detection, code protection, and enhanced security features. MCUs for IoT applications have a variety of hardware and software characteristics, such as autonomous peripherals that function in low-energy modes, ultra-low-power modes with quick wake times, and software tools for energy profiling and power estimation.
US Internet of Things (IoT) Microcontroller market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
32 Bit
Fastest Growth
16 Bit
Growth Rate
12.7% CAGR
Global Internet of Things (IoT) Microcontroller Market ($ Bn)
Country Share for Asia Pacific Region (%)
To get more reports on the above market click here to Buy The Report
Internet of Things (IoT) Microcontroller market Segmental Analysis
The global Internet of Things (IoT) Microcontroller Market is segmented based on product, application, and region. Based on product, the Internet of Things (IoT) Microcontroller market is segmented into 8 Bit, 16 Bit, and 32 Bit. In terms of application, the Internet of Things (IoT) Microcontroller market is categorized into industrial automation, smart homes, consumer electronics (smartphones, wearable), others (smart utility, smart transportation & logistics, smart retail, and other enterprise applications). With respect to segmentation by region, Internet of Things (IoT) Microcontroller market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Internet of Things (IoT) Microcontroller market Analysis by Product:
The market for IoT microcontrollers is expected to be dominated by the 32 Bit MCU segment in the forecast period, which is currently leading the pack in terms of product type. The most flexible MCUs for use in IoT applications are 32-bit MCUs. It effectively handles a variety of peripherals, is widely utilised in industrial applications including factory automation and building automation, and is reasonably priced. 32-bit microcontrollers are faster than other microcontrollers in performing operations because they can conduct arithmetical operations on 32-bit numbers. Due to its bigger data bus, they can finish activities in less instruction cycles. Businesses have started regularly releasing 32-bit microcontrollers due to the increased demand for IoT everywhere. The 8-bit segment is frequently used in low-power applications, such as linked devices and smart wearable and is projected to rise significantly in the forecast period. It is projected that the millennial generation's rising demand for fitness wearables will accelerate the adoption of wearable technology in the coming years. Obesity and other lifestyle problems motivate people to participate in different fitness-related activities and measure their progress using wearable devices. This is anticipated to be beneficial for the market's growth in the coming years.
Internet of Things (IoT) Microcontroller market Analysis by Application:
The smart homes sector is estimated to grow at the fastest rate throughout the projected time. This is owing to the rise in demand for smart household appliances. The rise in demand for safe, secure, and energy-efficient applications like lighting, infotainment, and HVAC and energy management is one trend that is anticipated to support the market growth for the smart home segment over the upcoming years. This is particularly true with smart devices managed by apps, particularly smartphone apps. The consumer electronics industry is predicted to expand significantly owing to the increasing sales rate of consumer electronics such as smartphones, wearable devices, and other things.
Global Internet of Things (IoT) Microcontroller Market By Product (%)
To get detailed analysis on other segments, Request For Free Sample Report
Internet of Things (IoT) Microcontroller market Regional Insights
One of the world's main centres for the production of automobiles is in North America. The expansion of the local economy positively affected both the sales of passenger cars and commercial vehicles. The American Automotive Policy Council 2022 states that American automakers heavily invest in research and development, and automotive microcontrollers are influencing the automotive industry by increasing the demand for 8-bit microcontrollers as vehicle production rises. 8-bit microcontrollers are motivated by hybrid and autonomous vehicles. The strong demand for high-end applications across key end-user industries has made the North American market one of the top consumers of microcontrollers.
The IoT MCU market is anticipated to be dominated by Asia-Pacific, especially by China, India, and Southeast Asian nations. The market's expansion is due to an increase in the use of smart wearables, particularly among millennials and in the form of intelligent fitness trackers and wearables. The demand for IoT devices is anticipated to rise due to increased investment in 5G networks, thus, encouraging the growth of the IoT MCUs market over the forecast period. China, India, Japan, and Southeast Asian nations are the main market drivers. Growing government efforts to create modern, interconnected infrastructure are encouraging for market expansion. In addition, a growing preference for digital infrastructure, expanding urbanisation, and a quickening rollout of public Wi-Fi hotspots are expected to help attract higher revenues for this regional market in the projection period.
Global Internet of Things (IoT) Microcontroller Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Internet of Things (IoT) Microcontroller market Dynamics
Internet of Things (IoT) Microcontroller market Drivers:
Growing Demand for Wearable Devices
- Intelligent devices termed as wearables can be embedded in clothing, implanted in the user's body, or worn as accessories. Wearables can be combined with IoT technology due to the downsizing of sensors and advancements in modern technologies such as Artificial Intelligence, Machine Learning, and Big Data Analytics.
Strong Emphasis on High Operational Efficiency in Fleet Management
- IoT can be utilised in a variety of fleet management applications, including asset tracking, fleet route planning, and predictive fleet maintenance, to promote operational flexibility and enable logistics and transportation companies to save back on capital expenditures (CAPEX) and operating expenses (OPEX).
Internet of Things (IoT) Microcontroller market Restraint:
Increased Cost Involved in Research and Development
- Microcontrollers for the Internet of Things are an area of study and invention. Samsung recently investigated in an in-depth research of an "all-in-one bio-processor chip." However, the high IoT-related expenses for research and innovation in the IoT microcontroller business may be hindered by microcontroller devices and fierce rivalry. Since the Internet of Things (IoT) is booming, a sizable proportion of businesses are entering the IoT microcontroller industry.
Request Free Customization of this report to help us to meet your business objectives.
Internet of Things (IoT) Microcontroller market Competitive Landscape
Competitive Landscape in the global IoT microcontroller market put a lot of effort into extending their reach internationally through a variety of tactics, including partnerships, collaborations, and joint ventures. Some players are also spending a lot of money on R&D in order to improve their products and expand their market positions internationally.
Internet of Things (IoT) Microcontroller market Top Player's Company Profiles
- NXP Semiconductors
- Texas Instruments
- STMicroelectronics
- Infineon Technologies
- Microchip Technology
- Cypress Semiconductor
- Renesas Electronics Corporation
- Silicon Laboratories
- Analog Devices, Inc.
- Marvell Technology Group
- Nordic Semiconductor
- Maxim Integrated
- Espressif Systems
- ON Semiconductor
- Atmel Corporation
- Toshiba Corporation
- MediaTek Inc.
- Samsung Electronics
- Broadcom Inc.
- Qualcomm Technologies Inc.
Internet of Things (IoT) Microcontroller market Trends
- The increasing buzz for the industry is the growing numbers of autonomous and electric vehicles that employ linked infrastructure. The Internet of Things refers to the connectivity of many devices over the Internet. MCU miniaturisation offers system designers a platform that mainly includes use-cases for novel, and emerging applications. This expanding ecosystem of IoT or connected devices, which includes smartphones, Smart TVs, tablets, home appliances, smart metres, and security systems, is expected to have a positive impact on the demand for IoT MCUs. Due to the miniaturisation of sensors and power sources as well as the ongoing development of dependable, seamless connectivity, wearable technology is projected to witness new business opportunities in the coming years.
Internet of Things (IoT) Microcontroller market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Internet of Things microcontroller market, the growth of smart cities is the primary factor generating significant market opportunities for IoT microcontrollers. IoT gadgets like connected sensors, lighting, and metres are used by smart cities to collect and analyse data. Cities use these data to enhance, among other things, infrastructure, services, and public utilities. This is a one stop solution for all your data requirements for quicker decision making, log on to the company website. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to a detailed SkyQuest exclusive matrix.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 4.69 billion |
| Market size value in 2030 | USD 13.76 billion |
| Growth Rate | 12.7% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Internet of Things (IoT) Microcontroller market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Internet of Things (IoT) Microcontroller market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Internet of Things (IoT) Microcontroller market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Internet of Things (IoT) Microcontroller market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Internet of Things (IoT) Microcontroller market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Internet of Things (IoT) Microcontroller market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Internet of Things (IoT) Microcontroller market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
