Iot Microcontroller Market
IoT Microcontroller Market Forecasts to 2030 - Global Analysis By Component (Actuators, Connectivity IC, Logic Device and Other Components), By Bit (8 Bit, 16 Bit and 32 Bit), Memory (External memory Microcontroller and Embedded Memory Microcontroller), Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $6.8 BN |
|
Projected Year Value (2030) |
US $18.1 BN |
|
CAGR (2023-2030) |
14.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global IoT Microcontroller Market is accounted for $6.8 billion in 2023 and is expected to reach $18.1 billion by 2030 growing at a CAGR of 14.9% during the forecast period. A microprocessor core, memory and input/output peripherals are all integrated into an Internet of Things (IoT) microcontroller, which is a small, programmable electronic device. Data gathering, processing and transmission between linked devices are made possible by these controllers. Their crucial function is to enable the implementation of intelligent and networked solutions, providing the intelligence that powers diverse Internet of Things apparatuses and networks.
According to the US Department of Energy, there are about 3 million data centers in the United States.
Market Dynamics:
Driver:
Growing adoption of IoT across various industries
Growing adoption of the Internet of Things (IoT) across diverse industries acts as a significant driver in the IoT microcontroller market. As industries increasingly embrace IoT for improved connectivity and data-driven decision-making, the demand for IoT microcontrollers rises. These compact devices empower IoT-enabled solutions by managing data processing and communication between interconnected devices, contributing to enhanced efficiency, automation and innovation across sectors such as healthcare, manufacturing, agriculture and smart cities. This widespread adoption fuels the growth and prominence of the IoT microcontroller market.
Restraint:
Excessive power consumption
Many IoT devices operate with limited energy resources, necessitating low-power solutions for prolonged battery life and sustainability. Microcontrollers with high power consumption can lead to frequent recharging or replacement of batteries, increasing operational costs and hindering the feasibility of IoT deployments, especially in remote or challenging environments.
Opportunity:
Incorporating AI and machine learning
Embedding intelligent algorithms into microcontrollers, devices can analyze data locally, reduce latency and make real-time decisions. This not only optimizes performance but also enables predictive and adaptive functionalities, improving overall efficiency. The synergy between IoT microcontrollers and AI opens doors to innovative applications, enabling smarter, more responsive and autonomous devices, thereby driving advancements in the rapidly evolving IoT landscape.
Threat:
Cybersecurity threats
Cybersecurity threats pose a significant risk in the IoT microcontroller market. Microcontrollers facilitate communication and data exchange among interconnected devices they become potential targets for cyberattacks. Security vulnerabilities can lead to unauthorized access, data breaches and manipulation of connected systems, which hinders the growth of the market.
Covid-19 Impact:
The COVID-19 pandemic impacted the IoT microcontroller market neutrally. The increased demand for remote monitoring and automation in healthcare and other industries drove market expansion. However, supply chain disruptions and economic uncertainties hindered production. As businesses adapted to the new normal, their reliance on IoT solutions surged, presenting opportunities for market recovery. The pandemic underscored the relevance of IoT microcontrollers in addressing global challenges, fostering innovation and reshaping industries towards greater digitization.
The processor segment is expected to be the largest during the forecast period
During the forecast period, the processor segment is anticipated to dominate the market. This prominence is driven by the critical role processors play in executing complex tasks, managing data, and ensuring efficient device functionality. As IoT applications continue to evolve and demand more computational power, high-performance processors become increasingly essential. The focus on energy-efficient and powerful processing solutions is expected to sustain the dominance of the processor segment in shaping IoT microcontroller technology.
The industrial automation segment is expected to have the highest CAGR during the forecast period
The industrial automation segment is anticipated to exhibit the highest growth rate during the forecast period. This surge is attributed to the increasing adoption of IoT microcontrollers in industrial processes, enhancing efficiency, reducing manual intervention and enabling real-time data monitoring. Industries leverage these controllers to automate operations, optimize production and improve overall productivity. Additionally, demand for smart factories and Industry 4.0 initiatives further propels the growth of IoT microcontrollers in industrial automation.
Region with largest share:
North America is poised to secure the largest market share in the market. This dominance is driven by extensive IoT adoption, technological advancements and robust investment in smart infrastructure. The region's early embrace of IoT applications across industries, coupled with supportive regulatory frameworks, positions it as a key contributor to the market. In addition, the presence of major industry players further propels North America's leadership in shaping the growth trajectory of the IoT microcontroller market.
Region with highest CAGR:
The Asia Pacific region is poised for substantial growth in the market due to increasing industrialization, urbanization and a burgeoning demand for connected devices. Rising investments in smart city projects, Industry 4.0 initiatives and the expansion of IoT applications in diverse sectors fuel this growth. With a large consumer base and a proactive approach towards technology adoption, the Asia Pacific region represents a lucrative market for IoT microcontrollers, driving innovation and fostering economic development.
Key players in the market
Some of the key players in IoT Microcontroller Market include Analog Devices, Inc., Arduino, ARM Holdings Plc, Cypress Semiconductor Corporation, Data I/O Corporation, Dialog Semiconductor, Espressif Systems, Infineon Technologies AG, Intel Corporation, Marvell Technology Group Ltd., Maxim Integrated, Memfault, Microchip Technology Inc., NXP Semiconductors N.V., Onsemi , Realtek Semiconductor Corp, Renesas Electronics Corporation, Semtech Corporation, Silicon Laboratories Inc., STMicroelectronics N.V. and Texas Instruments Incorporated.
Key Developments:
In June 2023, Arduino, the open-source hardware and software platform, has recently unveiled the latest iteration of its popular UNO board. This next-generation UNO R4 board represents a significant advancement from the previous 8-bit technology. With this latest release, Arduino continues to empower makers and enthusiasts with upgraded capabilities, improved performance and expanded possibilities for their projects. The UNO R4 is set to provide enhanced flexibility and functionality for the ever-growing Arduino community.
In March 2023, Data I/O Corporation, a provider of advanced security and data deployment solutions for microcontrollers, joined forces with Nuvoton Technology Corporation to offer security deployment services for Nuvoton's M2354 Series-based IoT Security Microcontroller (MCU) series. The partnership aims to assist Original Equipment Manufacturers (OEMs) in designing solutions for applications like building automation, metering, medical devices, and other areas with stringent security requirement.
In November 2022, Memfault, the pioneering provider of the industry's first IoT reliability platform, partnered with Infineon to enhance developers' productivity by utilizing Infineon products through the ModusToolbox. This strategic collaboration aims to provide developers an advanced diagnostic capability, remote updating functionalities offered by the Memfault platform, and device observability.
Components Covered:
• Actuators
• Connectivity IC
• Logic Device
• Memory Device
• Power Supply
• Processor
• Sensors
• Other Components
Bits Covered:
• 8 Bit
• 16 Bit
• 32 Bit
Memories Covered:
• External Memory Microcontroller
• Embedded Memory Microcontroller
Applications Covered:
• Industrial Automation
• Agriculture and Environmental Monitoring
• Automotive
• Consumer Electronics
• Healthcare
• Smart Homes and Buildings
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global IoT Microcontroller Market, By Component
5.1 Introduction
5.2 Actuators
5.3 Connectivity IC
5.4 Logic Device
5.5 Memory Device
5.6 Power Supply
5.7 Processor
5.8 Sensors
5.9 Other Components
6 Global IoT Microcontroller Market, By Bit
6.1 Introduction
6.2 8 Bit
6.3 16 Bit
6.4 32 Bit
7 Global IoT Microcontroller Market, By Memory
7.1 Introduction
7.2 External memory Microcontroller
7.3 Embedded Memory Microcontroller
8 Global IoT Microcontroller Market, By Application
8.1 Introduction
8.2 Industrial Automation
8.3 Agriculture and Environmental Monitoring
8.4 Automotive
8.5 Consumer Electronics
8.6 Healthcare
8.7 Smart Homes and Buildings
8.8 Other Applications
9 Global IoT Microcontroller Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Analog Devices, Inc.
11.2 Arduino
11.3 ARM Holdings Plc
11.4 Cypress Semiconductor Corporation
11.5 Data I/O Corporation
11.6 Dialog Semiconductor
11.7 Espressif Systems
11.8 Infineon Technologies AG
11.9 Intel Corporation
11.10 Marvell Technology Group Ltd.
11.11 Maxim Integrated
11.12 Memfault
11.13 Microchip Technology Inc.
11.14 NXP Semiconductors N.V.
11.15 Onsemi
11.16 Realtek Semiconductor Corp
11.17 Renesas Electronics Corporation
11.18 Semtech Corporation
11.19 Silicon Laboratories Inc.
11.20 STMicroelectronics N.V.
11.21 Texas Instruments Incorporated
List of Tables
1 Global IoT Microcontroller Market Outlook, By Region (2021-2030) ($MN)
2 Global IoT Microcontroller Market Outlook, By Component (2021-2030) ($MN)
3 Global IoT Microcontroller Market Outlook, By Actuators (2021-2030) ($MN)
4 Global IoT Microcontroller Market Outlook, By Connectivity IC (2021-2030) ($MN)
5 Global IoT Microcontroller Market Outlook, By Logic Device (2021-2030) ($MN)
6 Global IoT Microcontroller Market Outlook, By Memory Device (2021-2030) ($MN)
7 Global IoT Microcontroller Market Outlook, By Power Supply (2021-2030) ($MN)
8 Global IoT Microcontroller Market Outlook, By Processor (2021-2030) ($MN)
9 Global IoT Microcontroller Market Outlook, By Sensors (2021-2030) ($MN)
10 Global IoT Microcontroller Market Outlook, By Other Components (2021-2030) ($MN)
11 Global IoT Microcontroller Market Outlook, By Bit (2021-2030) ($MN)
12 Global IoT Microcontroller Market Outlook, By 8 Bit (2021-2030) ($MN)
13 Global IoT Microcontroller Market Outlook, By 16 Bit (2021-2030) ($MN)
14 Global IoT Microcontroller Market Outlook, By 32 Bit (2021-2030) ($MN)
15 Global IoT Microcontroller Market Outlook, By Memory (2021-2030) ($MN)
16 Global IoT Microcontroller Market Outlook, By External memory Microcontroller (2021-2030) ($MN)
17 Global IoT Microcontroller Market Outlook, By Embedded Memory Microcontroller (2021-2030) ($MN)
18 Global IoT Microcontroller Market Outlook, By Applications (2021-2030) ($MN)
19 Global IoT Microcontroller Market Outlook, By Industrial Automation (2021-2030) ($MN)
20 Global IoT Microcontroller Market Outlook, By Agriculture and Environmental Monitoring (2021-2030) ($MN)
21 Global IoT Microcontroller Market Outlook, By Automotive (2021-2030) ($MN)
22 Global IoT Microcontroller Market Outlook, By Consumer Electronics (2021-2030) ($MN)
23 Global IoT Microcontroller Market Outlook, By Healthcare (2021-2030) ($MN)
24 Global IoT Microcontroller Market Outlook, By Smart Homes and Buildings (2021-2030) ($MN)
25 Global IoT Microcontroller Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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