Global IoT Microcontroller (MCU) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global IoT microcontroller (MCU) market in its upcoming report titled, “Global IoT Microcontroller (MCU) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global IoT microcontroller (MCU) Market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global IoT microcontroller (MCU) market report has been segmented on the basis of product, technology, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

A microcontroller, also known as MCU, is a compact integrated circuit specially designed to govern specific operations in embedded systems. Microcontroller includes a processor, memory, and input/output (I/O) peripherals on a single chip called system on chip (SoC). Microcontrollers are used across various automated Internet of Things products such as power tools, office machines, remote controls, medical devices and automobile engine controls.

Increasing adoption of Internet of Things in various industries is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing demand for connected devices such as smartphones, tablets, home appliances, televisions, smart meters, security systems, and gaming consoles is another factor expected to further fuel growth of the target market. Furthermore, rising preference for automation across various end-user industries is another factor expected to support growth of this market in the near future. Moreover, technological advancements in Internet of Things (IoT) applications to provide advanced and innovative smart devices to consumers are other factors expected to boost demand for microcontrollers over the forecast period.

However, microcontroller is highly power consuming, which is a key factor expected to restrain growth of the global market over the forecast period.  In addition, high maintenance cost and security-related issues are other factors expected to hamper growth of the target market in the near future.

Increasing investments in R&D activities for development of Internet of Things microcontroller devices is expected to create potential revenue opportunities for players operating in the target market in the near future.

The market in North America dominates the target market in terms of revenue over the forecast period, owing to technological advancements especially in the field of smart devices and presence of major manufacturers in various countries in the region. The market in Asia Pacific region is expected to account for fastest growth in terms of revenue over the forecast period, owing to rapidly increasing automotive industry in terms of connectivity and interactive security systems in developing countries such as India, China, and Japan.

Global IoT Microcontroller (MCU) market segmentation:

Segmentation by product:

• 8-bit
• 16-bit
• 32-bit

Segmentation by technology:

• Industrial Automation
• Smart Homes
• Consumer Electronics
  • Home appliances
  • Wearables
  • Smartphones
• Others (Automotive, Security ID, Solar PV and Smart Grid)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Solar PV and Smart Grid
• ARM Holdings plc
• NXP Semiconductors N.V.
• Microchip Technology Incorporated
• Broadcom Corporation
• Infineon Technologies AG
• Texas Instruments Incorporated
• STMicroelectronics NV
• Silicon Laboratories Inc.
• Holtek Semiconductor Inc.