IoT Microcontroller Market Research Report – Forecast to 2023

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.
P a g e | 6
Copyright © 2017 Market Research Future.