About IoT Microcontrollers
Internet of Things is the system which produces the digital signals which can be performed by the microcontroller. IoT mostly required a 32-bit microcontroller, who have the higher processing power, static power consumption in comparison with other microcontrollers. Technological advancement is expected to provide higher microcontroller which will help for growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.0% |
The companies are focusing on strategic partnerships to improve their products and services. Moreover, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IoT Microcontrollers market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ARM (United Kingdom), Texas Instruments (United States), Intel Corporation (California), Qualcomm (United States), Atmel Corporation (United States), Freescale Semiconductor (United States), Marvell (United States), Microchip Technology (United States), Broadcom Corporation (United States) and Silicon Laboratories (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are STMicroelectronics (Switzerland), Holtek Semiconductor (China), Infineon Technologies (Germany) and NXP Semiconductors (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global IoT Microcontrollers market by Type (8-Bit Microcontrollers, 16-Bit Microcontrollers, 32-Bit Microcontrollers and Others), Application (Consumer Electronics, Industrial Automation, Smart Grids, Automotive and Healthcare) and Region.
On the basis of geography, the market of IoT Microcontrollers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growth of Automation in Various Manufacturing Industries Worldwide
Market Growth Drivers:
Increasing Number of Connected Devices in both Developing and Underdeveloped Nations and Manufacturers are Continuously Focusing on the Increment of RAM Memory
Challenges:
Lower Growth of IoT Enabled Devices in Developing Economies
Restraints:
Prevailing Data Security Apprehensions
Opportunities:
Higher Growth in Sell of Electronic Devices and Rising demand from End-User Industry
Market Leaders and their expansionary development strategies
In September 2023, NXP Semiconductors and Microchip Technology Announce a Definitive Agreement to Merge. This merger, if approved by regulators, would create a leading supplier of microcontrollers for the IoT and other applications.
On December 16, 2022, STMicroelectronics and Nuvoton Technology Announced Strategic Partnership. This partnership will focus on developing new microcontrollers for the automotive and industrial markets.
Key Target Audience
Manufacturers of Microcontroller, Suppliers of Microcontroller, Wholesalers, Distributors and Retailers of Microcontroller, Semiconductor Industry, Governmental Bodies, Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.