Title: IoT Microcontroller Market - Forecast(2023 - 2028)
1IoT Microcontroller MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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- The IoT Microcontroller Market is currently
valued at 4.3 billion in 2021 and is expected to
reach a valuation of 13.5 billion by 2027
growing at a CAGR of 8.8. A microcontroller is a
small computing system on chip and consists of
processor, random access memory, peripherals and
others. - The increasing number of smart home products in
developing countries increased the adoption of
connected devices such as smartphones and
laptops. And the rising preference for embedded
Non-Volatile Memory (eNVM) solutions over
System-in-Package (SiP) in high-end applications
such as industrial automation, smart Grid, and
smart transportation are driving the growth of
the IoT Microcontroller Market.
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- Key Takeaways
- 32 bit microcontrollers will be the fastest
growing segment with a CAGR of 9.22 in the IoT
Microcontroller Market during 2022-2027 due to
greater processing power, improved RAM size and
power efficiency which will encourage in their
widespread adoption. - APAC region holds the largest market share at 30
due to rapid economic growth, increased adoption
of connected devices such as smartphones and
tablets, and a massive increase in the number of
smart homes as these countries transition from
low income to middle-income economies.
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IoT Microcontroller Market Segment Analysis- By
Geography The IoT Microcontroller Market in the
APAC region will account for the highest share at
30 in 2021. The factors that are propelling the
growth of the IoT Microcontroller Market in APAC
are rising demand of smart homes in emerging
economies, increased sales of connected devices
such as smartphones and tablets, and changing
customer preferences. Rising automation,
technological advancements across IoT
applications, and rising private consumption
especially in the automotive and consumer
electronics, providing a massive boost to the
growth of this market in this region.
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- IoT Microcontroller Market Industry Outlook
- Analog Devices Inc
- Microchip Technology Inc
- PANASONIC CORPORATION
- RENESAS ELECTRONICS CORPORATION
- NXP Semiconductor
- S.T. Microelectronics
- Infineon Technologies
- Texas Instruments
- Silicon Laboratories
- Zilong
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IoT Microcontroller Market - Forecast(2022 -
2027) Learn More About the Report _at_
https//www.industryarc.com/Research/IoT-Microcon
troller-Market-Research-505864
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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