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IoT Microcontroller (MCU) Market Outlook 2024

Report Description

• IoT Microcontroller (MCU) market size is anticipated to succeed in USD three,561.7 million by 2022. the increase of the net of things era has instigated AN incessant demand for innovative merchandise, that has placed pressure on systems designers to deliver breakthrough solutions systematically. • Microcontroller shrinking provides a platform for system designers that primarily

embrace use-cases for brand spanking new rising applications. • This growing internet for connected devices encompasses smartphones, televisions,

tablets, home appliances, recreation consoles, sensible meters, security systems, and is anticipated to impact absolutely the IoT microcontroller demand.• One key challenge that might withhold the proliferation of IoT MCU is power

consumption. Almost all intelligent connected devices include billions of sensors, and some way or the other heavily rely on batteries for power.

Market Insights

• The technology is witnessing advancements, and a few initial investments in this sector are paying off profitably, with the development of advanced wearable devices, smart thermostats, smart home systems, etc. • The industry is poised for higher gains over the forecast period, with numerous

innovations and commercialization of an array of products ranging from sensors in automobiles to advanced medical monitoring systems.• Consumer electronics dominated the demand in terms of revenue and witnessed a

growth of a CAGR more than 9% from 2015 to 2022. • IoT microcontroller market growth has been significantly fuelled by increasing adoption

of smart wearable's, including wrist wear, eyewear, ear wear, etc. Products ranging from smart watches to wellness devices, wearable electronics provide a new growth platform for the exploding IoT market.

Market Share

Regional study

• Although rising markets like China and Republic of India area unit doubtless to witness vital growth, North America is anticipated to steer the market in terms of revenue, and is anticipated to exceed USD one billion over the forecast amount. • The proliferation of connected devices is essential issue expected to impact completely

the regional market demand. • The technology has veteran high penetration in North America thanks to intensive

technological advancements and presence of many key makers pioneering the adoption of MCU supporting IoT devices

“IoT Microcontroller (MCU) Market Is

Expected To Grow At A CAGR Of 16.01%

For 2017-2024”

Competitive Insights

• The semiconductor trade is anticipated to learn with the IoT enlargement over the predictable future. Therefore, semiconductor makers ar that specialize in investigation opportunities related to IoT a lot of closely at the side of any risks which will derail the progress. • though these merchandise create high growth avenues, there ar firms that

also hesitate to form high investments during this sector. The key issue, during this case, is that merchandise at intervals the IoT arena, charm principally to niche markets, and may generate low sales and volumes. • Atmel Corporation, ARM, NXP Semiconductors, silicon chip Technology Iraqi National

Congress, Broadcom Corporation, Infineon Technologies, Texas Instruments, STMicroelectronics and element Labs ar few key firms in operation during this market.

Report Segmentation• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY

APPLICATION 2016-2024 ($MILLION)• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY

CONSUMER ELECTRONICS AND HOME APPLIANCES 2016-2024 ($MILLION)

• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY INDUSTRIES (INCLUDING SMART HOME) (2016-2024) ($MILLION)

• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY AUTOMOTIVE 2016-2024 ($MILLION)

• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY MEDICAL 2016-2024 ($MILLION)

• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY SOLAR PV AND SMART GRID 2016-2024 ($MILLION)

• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY SECURITY 2016-2024 ($MILLION)

• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY TYPE 2016-2024 ($MILLION)• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY 8-BIT MCU

2016-2024 ($MILLION)• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY 16-BIT

MCU MARKET2016-20242 ($MILLION)

• GLOBAL IOT MICROCONTROLLER (MCU) MARKET BY 32-BIT MCU MARKET 2016-2024 ($MILLION)

•GLOBAL IOT MICROCONTROLLER MARKET REGIONAL OUTLOOK 2016-2024 ($MILLION)• NORTH AMERICA

• NORTH AMERICA MARKET ESTIMATES AND FORECAST BY REGION 2016-2024 ($MILLION)

• NORTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2016-2024 ($MILLION)

• EUROPE• EUROPE MARKET ESTIMATES AND FORECAST BY

REGION 2016-2024 ($MILLION)• EUROPE MARKET ESTIMATES AND FORECAST BY

APPLICATION 2016-2024 ($MILLION)• ASIA-PACIFIC

• ASIA-PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2016-2024 ($MILLION)

• ASIA-PACIFIC MARKET ESTIMATES AND FORECAST BY APPLICATION 2016-2024 ($MILLION)

• REST OF THE WORLD• MIDDLE EAST & AFRICA• LATIN AMERICA

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