IoT Microcontroller Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product, By Application, By End-User, By Region, Competition
Global IoT Microcontroller market is anticipated to thrive in the forecast period 2024-2028. The demand for low-power, high-performance, and energy-efficient connected goods along with the growing number of IoT connections between the consumer and business sectors are some of the main factors driving the market expansion.
Additionally, a growing demand for embedded Non-Volatile Memory (eNVM) solutions over System-in-Package (SiP) solutions in high-end applications including industrial automation, smart utilities, and smart transportation is anticipated to be positive for the expansion of the IoT microcontroller market over the ensuing years. But throughout the course of the projected period, it's anticipated that the lack of industry standards, device optimization, and data security will restrain the market expansion.
A microcontroller unit (MCU) is a small, standalone computer made up of just one integrated circuit, sometimes known as a microchip. Microcontrollers for the Internet of Things (IoT) are designed to carry out certain tasks and can be interconnected with the majority of other devices, including wearable technology, industrial machinery, warehouse inventory items, home appliances, and others. Numerous IoT gadgets and systems make use of microcontrollers.
Market Overview
Forecast Period
2024-2028
Market Size 2022
USD 5.1 Billion
Market Size 2028
USD 8.79 Billion
CAGR (2023-2028)
9.5%
Fastest Growing Segment
Consumer Electronics
Largest Market
Asia-Pacific
Rising Demand for Wearable Technologies
Wearables continue to gain popularity today. Smart gadgets known as wearables can be integrated in clothing, implanted in the user's body, or worn as an accessory. The comfort of end users can be increased by synchronising wearables with smartphones so that users can answer calls, read messages, and perform a number of other tasks without taking out their cellphones from the pocket or handbag. They can also be used to track different health aspects. Wearables can now be combined with IoT technology, thanks to the shrinking of sensors and advancements in cutting-edge technologies like Artificial Intelligence, Machine Learning, and Big Data Analytics. The adoption of wearables is anticipated to be fueled by the millennial generation's increased demand for fitness wearables. People are being encouraged to explore different fitness-related activities and use wearables to track their performance as a result of lifestyle illnesses like obesity, body inactivity, etc. New business prospects in wearable technology are emerging as a result of the miniaturisation of sensors and power sources along with the ongoing deployment of dependable, and seamless connection. Several companies, including Apple Inc. and Google LLC, are making significant investments in the creation of wearable technology, followed by the introduction of cutting-edge wearables. For instance, Apple Inc. introduced the Apple Watch Series 7 with heart monitoring capabilities in November 2021.
Growing Use of Smart Meters in Smart Power Grid
Electricity, natural gas, and water consumption can all be measured with smart metres. The deployment of smart metres is rising in conjunction with the importance being placed on maintaining energy security, the increasing need for energy efficiency and resource conservation, and the aggressive government digitization projects. Smart metres own the potential to make a significant difference in the energy grid's effectiveness, dependability, and security. The smart metres put at the customers' locations and the utility centre, are connected seamlessly, thanks to the microcontrollers employed in the devices. In reality, utility companies have been aggressively using smart metres among the IoT devices to regulate the energy supply to buildings, remotely and effectively. The development of the IoT microcontroller market is anticipated to be fueled by the smart grid efforts being undertaken by various governments, followed by the subsequent installation of smart metres.
High Operational Efficiency Is Strongly Implied In Fleet Management
IoT in fleet management is a new technology that aims to boost logistical and transportation processes' operational efficacy. Fleet management service providers now have more prospects due to the digitalization of vehicles, the unrelenting growth of the transportation and logistics sectors. The primary factor supporting the implementation of IoT in fleet management has been the growing desire to reduce costs while enhancing operational efficiencies and boosting profitability. IoT technology combined with mobile, handheld devices, navigation systems, sensors, and cameras can often aid in real-time monitoring of vehicle data. Hence, all these factors are boosting the growth of global IoT Microcontroller market.
Market Segmentation
Global IoT Microcontroller market is segmented by Product, Application, and End-User. On the basis of product, the market is segmented into 8 bit, 16 bit, and 32 bit. On the basis of application, the market is further divided into industrial automation, smart homes, consumer electronics, and others. Moreover, on the basis of End-User market is segmented aerospace and defense, consumer electronics, automotive, healthcare, other.
Market Player
Major market players in the global IoT Microcontroller market are Broadcom Inc., Espressif Systems (Shanghai) Co., Ltd, Holtek Semiconductor Inc., Infineon Technologies AG, Microchip Technology Inc., Nuvoton Technology Corporation, NXP Semiconductors N.V., Silicon Laboratories, Inc., STMicroelectronics N.V.
Report Scope:
In this report, the Global IoT Microcontroller market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
IoT Microcontroller Market, By Product:
8 bit
16 bit
32 bit
IoT Microcontroller Market, By Application:
Industrial Automation
Smart Homes
Consumer Electronics
Others
IoT Microcontroller Market, By End-User:
Aerospace and Defense
Consumer Electronics
Automotive
Healthcare
Other
IoT Microcontroller Market, By Region:
Asia-Pacific
China
India
Japan
South Korea
Australia
Singapore
Malaysia
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Russia
Spain
Belgium
Italy
South America
Brazil
Argentina
Colombia
Peru
Chile
Middle East
Saudi Arabia
South Africa
UAE
Israel
Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global IoT Microcontroller market.
Available Customizations
Global IoT Microcontroller market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global IoT Microcontroller Market
4. Executive Summary
5. Voice of Customers
6. Global IoT Microcontroller Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product (8 bit, 16 bit, and 32 bit)
6.2.2. By Application (Industrial Automation, Smart Homes, Consumer Electronics, and Others)
6.2.3. End-User (Aerospace and Defense, Consumer Electronics, Automotive, Healthcare, Other)
6.2.4. By Region
6.3. By Company (2022)
6.4. Market Map
7. North America IoT Microcontroller Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By By Product
7.2.2. By Application
7.2.3. By End-User
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States IoT Microcontroller Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By By Product
7.3.1.2.2. By Application
7.3.1.2.3. By End-User
7.3.2. Canada IoT Microcontroller Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product
7.3.2.2.2. By Application
7.3.2.2.3. By End-User
7.3.3. Mexico IoT Microcontroller Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product
7.3.3.2.2. By Application
7.3.3.2.3. By End-User
8. Asia-Pacific IoT Microcontroller Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product
8.2.2. By Application
8.2.3. By End-User
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China IoT Microcontroller Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.3. By By Product
8.3.1.4. By Application
8.3.1.5. By End-User
8.3.2. India IoT Microcontroller Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product
8.3.2.2.2. By Application
8.3.2.2.3. By End-User
8.3.3. Japan IoT Microcontroller Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product
8.3.3.2.2. By Application
8.3.3.2.3. By End-User
8.3.4. South Korea IoT Microcontroller Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product
8.3.4.2.2. By Application
8.3.4.2.3. By End-User
8.3.5. Australia IoT Microcontroller Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Product
8.3.5.2.2. By Application
8.3.5.2.3. By End-User
8.3.6. Singapore IoT Microcontroller Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Product
8.3.6.2.2. By Application
8.3.6.2.3. By End-User Vertical
8.3.7. Malaysia IoT Microcontroller Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Product
8.3.7.2.2. By Application
8.3.7.2.3. By End-User
9. Europe IoT Microcontroller Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product
9.2.2. By Application
9.2.3. By End-User
9.2.4. By Country
9.3. Europe: Country Analysis
9.3.1. Germany IoT Microcontroller Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product
9.3.1.2.2. By Application
9.3.1.2.3. By End-User
9.3.2. United Kingdom IoT Microcontroller Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product
9.3.2.2.2. By Application
9.3.2.2.3. By End-User
9.3.3. France IoT Microcontroller Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product
9.3.3.2.2. By Application
9.3.3.2.3. By End-User
9.3.4. Russia IoT Microcontroller Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Product
9.3.4.2.2. By Application
9.3.4.2.3. By End-User
9.3.5. Spain IoT Microcontroller Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Product
9.3.5.2.2. By Application
9.3.5.2.3. By End-User
9.3.6. Belgium IoT Microcontroller Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Product
9.3.6.2.2. By Application
9.3.6.2.3. By End-User
9.3.7. Italy IoT Microcontroller Market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Product
9.3.7.2.2. By Application
9.3.7.2.3. By End-User
10. South America IoT Microcontroller Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product
10.2.2. By Application
10.2.3. By End-User
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil IoT Microcontroller Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product
10.3.1.2.2. By Application
10.3.1.2.3. By End-User
10.3.2. Argentina IoT Microcontroller Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product
10.3.2.2.2. By Application
10.3.2.2.3. By End-User
10.3.3. Colombia IoT Microcontroller Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product
10.3.3.2.2. By Application
10.3.3.2.3. By End-User
10.3.4. Peru IoT Microcontroller Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Product
10.3.4.2.2. By Application
10.3.4.2.3. By End-User
10.3.5. Chile IoT Microcontroller Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Product
10.3.5.2.2. By Application
10.3.5.2.3. By End-User
11. Middle East & Africa IoT Microcontroller Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Product
11.2.2. By Application
11.2.3. By End-User
11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia IoT Microcontroller Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Product
11.3.1.2.2. By Application
11.3.1.2.3. By End-User
11.3.2. South Africa IoT Microcontroller Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Product
11.3.2.2.2. By Application
11.3.2.2.3. By End-User
11.3.3. UAE IoT Microcontroller Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Product
11.3.3.2.2. By Application
11.3.3.2.3. By End-User
11.3.4. Israel IoT Microcontroller Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Product
11.3.4.2.2. By Application
11.3.4.2.3. By End-User
11.3.5. Turkey IoT Microcontroller Market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Product
11.3.5.2.2. By Application
11.3.5.2.3. By End-User
12. Market Dynamics
12.1. Drivers
12.1.1. Rising Demand for Wearable Technologies
12.1.2. Growing Use of Smart Meters in Smart Power Grid
12.1.3. High Operational Efficiency Is Strongly Implied In Fleet Management
12.2. Challenges
12.2.1. Fluctuations In Average Selling Prices
12.2.2. Strong Emphasis On High Operational Efficiency In Fleet Management
13. Market Trends & Developments
13.1. Increasing Adoption of Data Collection and Labeling Tools in Healthcare Industry
13.2. Rise In Technological Development
13.3. Government Initiatives
13.4. The increasing demand for low-cost, smart wireless sensor