Title: IoT Microcontroller Market, 2022-2027
1IoT Microcontroller Market Forecast (2022 -
2027)Market 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. - In June 2021, Arm launched an open-source
initiative to encompass elements of its
abstraction software for IoT Microcontroller
applications.
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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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By Product Type - Segment Analysis The IoT
Microcontroller Market can be classified into
many segments according to bit such as 8Bit,16Bit
and 32Bit. Among them, 32 Bit microcontrollers
are projected to have the fastest growth at a
CAGR of 9.22 in the forecast period of 2022-2027.
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- IoT Microcontroller Market- Competitive
Landscape - Analog Devices Inc
- Microchip Technology Inc
- PANASONIC CORPORATION
- RENESAS ELECTRONICS CORPORATION
- NXP Semiconductor
- S.T. Microelectronics
- Infineon Technologies
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