In the past few years, the concept of internet of things (IoT) and connected devices such as wireless sensors, smart meters, home automation systems and wearable devices have witnessed strong penetration. Decline in the prices of sensors coupled with the rising wireless connectivity has led to the emergence of ‘smart devices’ that are capable of communicating without human intervention. Nevertheless, with the rise in adoption of connected devices, the data (generated from the network) processing becomes a challenging task.

IoT microcontrollers cab be referred to as the heart of any wireless node or electronic device located in the IoT network. These microcontrollers are designed to seamlessly process the data and enable interaction with the network. IoT microcontrollers are manufactured based upon the requirement of the IoT application. Microcontroller having 32-bit configuration possesses larger RAM and flash memory sizes. This enhances the processing capacity of microcontroller thereby eliminating the need for additional processor in the system.

The demand for IoT microcontroller is mainly driven by the rising adoption of IoT services worldwide. Another major factor fueling the market growth is the growing advancements in the consumer electronic devices. The number of connected devices worldwide is expected to grow exponentially in the coming years. This is another factor pushing the IoT microcontroller market.

The report titled “Global Internet of Things (IoT) Microcontroller Market- Growth, Share, Opportunities and Competitive Analysis, 2016 – 2023” offers strategic insights into the global IoT and microcontrollers market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on product types, applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2014 & 2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading IoT solution and services vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are ARM Holdings Plc., Texas Instruments, Inc., Intel Corporation, Qualcomm, Inc., Atmel Corporation (Microchip Technology, Inc.), Freescale Semiconductor, Inc. (NXP Semiconductors NV), Broadcom Corporation, Infineon Technologies, Silicon Laboratories, Inc., STMicroelectronics and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the IoT and microcontrollers industry
• Market fuelers, market impediments, and their impact on the market growth
  In-depth competitive environment analysis
• Trailing 2-Year market size data (2014 – 2015)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global IoT microcontrollers market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

The global Internet of Things microcontrollers market was dominated by the consumer electronics segment, as of 2014. The segment primarily comprises mobile devices (smartphones, tablets), wearable devices and smart consumer appliances. With the rising adoption of smart appliances worldwide, the segment is estimated to continue strong growth throughout the forecast period. Advancement in the connected home appliances is another major factor fueling the consumer electronics segment.

The smart cities & home automation and automotive segments too are expected to register strong growth in the IoT microcontroller market in the coming years. With the rising trend of connected cars, manufacturers are increasingly focusing on providing microcontrollers for automotive IoT applications. Similarly, due to increasing investment in the smart homes and smart cities projects worldwide, the smart cities & home automation segment is anticipated to register the second highest growth in the global IoT microcontrollers market.

The healthcare segment is projected to register the highest growth in the overall IoT market. The most significant fueling the adoption of IoT solutions & services in the healthcare segment is the rising investment over healthcare IT infrastructure worldwide. The adoption of IoT in the healthcare sector (especially medical devices) is aimed towards gaining better operational efficiency and patient care. As a result, the segment is estimated to witness the highest adoption rate for IoT solutions in the coming years.

In 2014, the global IoT microcontroller market was dominated by the North America region contributing to over one third of the total market revenue. Although the overall microcontroller market is led by the Asia Pacific region, the strong penetration of IoT services is major factor fueling the IoT microcontroller market in North America. Another significant factor is the strong penetration of smart appliances and investment over projects such as smart homes & smart cities and smart grids. Additionally, due to presence of larges number of IoT microcontroller vendors in the region, the segment is expected to show steady growth throughout the forecast period.

Asia Pacific is expected to emerge as the fastest growing region for the IoT market during the forecast period. The growth is majorly expected from Japan, China and South Korea. These countries have strong internet infrastructure coupled with penetration of smart appliances thereby boosting the IoT microcontroller market growth. China is among the highest investing countries in the smart grid sector. Additionally, smart city projects in the Asia Pacific region (China, Japan, South Korea and India) are picking up at significantly high rate. As a result, the IoT microcontroller market here is predicted to witness strong growth during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Internet Of Things (IOT) Microcontrollers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Internet Of Things (IOT) Microcontrollers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Internet Of Things (IOT) Microcontrollers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Internet Of Things (IOT) Microcontrollers market?
• Which is the largest regional market for Internet Of Things (IOT) Microcontrollers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Internet Of Things (IOT) Microcontrollers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Internet Of Things (IOT) Microcontrollers market worldwide?