IoT Microcontroller Market Research Report – Forecast to 2023

IoT Microcontroller Market Report- Forecast 2023
IoT Microcontroller Market
Report-Forecast 2023
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IoT Microcontroller Market Report- Forecast 2023
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IoT Microcontroller Market Report- Forecast 2023
Summary
Internet of Things (IoT) microcontroller is as a combination of IoT technology and
microcontroller. The IoT requires sensors and actuators to link the physical and digital
worlds. A sensor converts a physical state into an analog or digital signal, while an
actuator turns a digital signal into some physical effect. The next step in the IoT
architecture is the computing system which processes or generates the digital signals
which can be performed by the microcontroller.
The key players in the global IoT microcontroller market are Atmel (U.S), Freescale
(U.S.), Infineon (Germany), ST Microelectronics (Switzerland), Texas Instruments
(U.S), Fujitsu Ltd (Japan). Atmel, a prominent player in IoT microcontroller market,
has joined hands with Microchip Technology Inc. to create a powerhouse in the
Internet of Things (IoT). The tie between both the companies is to create full-stack
silicon house with all the IoT hardware ingredients ranging from microcontroller units
(MCUs) to analog to flash.
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IoT Microcontroller Market Report- Forecast 2023
Major Key Players:
Atmel (U.S),
Freescale (U.S.),
Infineon (Germany),
ST Microelectronics (Switzerland),
Texas Instruments (U.S),
Fujitsu Ltd (Japan),
Microchip Technology (U.S.),
Samsung Group (South Korea),
Intel Corporation (U.S.).
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IoT Microcontroller Market Report- Forecast 2023
Segmentation:
The global IoT microcontroller market is segmented into product type and application.
The product type segment consists of 8 bit, 16 bit, and 32 bit IoT microcontrollers. The
application segment consists of consumer electronics, automotive, industries,
healthcare, and others.
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IoT Microcontroller Market Report- Forecast 2023
Regional Analysis:
The global IoT microcontroller market is studied in Asia Pacific, North America,
Europe, and Rest of the World. North America accounts for the highest share in the
global IoT microcontroller market, owing to the increasing IT requirements and rising
demand from the smart home segment. The rapid technological advancements in the
smart devices segment are fueling the market growth in the North American region.
Asia Pacific market is growing with the highest CAGR owing to rising advancement in
the automotive industry associated with vehicle connectivity and interactive safety
system, which is anticipated to leverage the demand of IoT microcontroller market.
Furthermore, increasing demand for various consumer electronic devices such as
smartphones, tablets, smart television and smart watches among others is also
expected to propel the demand for microcontroller in the region. Moreover, the
presence of major smart device manufacturers is boosting the market growth in the
region.
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IoT Microcontroller Market Report- Forecast 2023
(Germany) are focusing on the digital utilities transformation.
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