What is the IoT Microcontroller Market?

IoT (Internet of Things) Microcontroller Market refers to an industry which produces and supplies microcontrollers designed specifically for IoT applications, acting as the heart of devices connected via IoT technology in terms of gathering and processing information collected, communicating with other devices or the internet and collecting and transmitting it back out.

How big is the IoT microcontroller market?

In 2023, it is anticipated that the global IoT microcontroller market will be worth USD 5.8 billion . By 2032, the market is anticipated to grow at a 12.8% CAGR , having reached USD 17.0 billion.

What is the IoT microcontroller market growth?

IoT microcontroller market projections anticipate growth of 12.8% CAGR between 2023-2032. This growth can be attributed to rising IoT connections, demand for energy-efficient connected products with reduced power usage requirements, as well as its increasing adoption across various industries including consumer electronics, industrial automation and healthcare.

Which segment accounted for the largest IoT microcontroller market share?

The 32-bit segment is expected to hold the largest market share during the forecast period due to its high processing power and memory capacity. 32-bit microcontrollers are suitable for a wide range of IoT applications, including smart home devices, wearables, and industrial automation.

Who are the key players in IoT microcontroller market?

The major players in the IoT microcontroller market include: Broadcom, Texas Instruments Incorporated, NXP Semiconductors N.V, STMicroelectronics, Microchip Technology Inc., Infineon Technologies, Renesas Electronics Corporation, Silicon Labs, Nuvoton Technology Corporation, Holtek Semiconductor Inc., Raspberry Pi Foundation, and Other Key Players

Global IoT Microcontroller Market By Product (8 Bit, 16 Bit, and 32 Bit), By Application (Industrial Automation, Smart Homes, Consumer Electronics, Automotive, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date: Oct. 2023
Report ID: 36109
Number of Pages: 292
Format:

Overview
Table of Contents
Major Market Players
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- Broadcom
- Texas Instruments Incorporated
- NXP Semiconductors N.V
- STMicroelectronics
- Microchip Technology Inc. Company Profile
- Infineon Technologies
- Renesas Electronics Corporation
- Silicon Labs
- Nuvoton Technology Corporation
- Holtek Semiconductor Inc.
- Raspberry Pi Foundation
- Other Key Players