IoT microcontroller market is anticipated to grow at a CAGR of 12.6% during the forecast period (2024-2031). The growing adoption of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are the key factors supporting the growth of the market globally. Network interfaces are used by microcontrollers to communicate locally with other devices and to send data to an Internet of Things application for analysis. Additionally, they are made to support a variety of network protocols, including Bluetooth, WI-Fi, and cellular networks like 4G and 5G.
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Microcontroller-oriented by transferring data analysis from the cloud to the device itself, edge computing enables local, real-time processing of part or all of the data right there on the device, at the source. Advances in power-efficient processing, which allow complicated data processing on small, battery-operated devices, are the driving force behind edge computing. Machine learning (ML) and artificial intelligence (AI) applications on IoT devices are made possible by this enhanced intelligence at the edge. Companies developing IoT applications have a lot of new opportunities as a result of intelligent edge microcontroller IoT devices.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global IoT Microcontroller Market by Product
- 8 Bit
- 16 Bit
- 32 Bit
Global IoT Microcontroller Market by Application
- Industrial Automation
- Smart Homes
- Consumer Electronics
- Smart Wearables
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Analog Devices, Inc.
- Arduino S.r.l.
- Arrow Electronics, Inc.
- Espressif Systems
- Holtek Semiconductor Inc.
- Intel Corp.
- Lattice Semiconductor Corp.
- Marvell Technology, Inc.
- NXP Semiconductors N.V.
- ROHM CO., LTD.
- Seiko Epson Corp.
- Semiconductor Components Industries, LLC
- Silicon Laboratories, Inc.
- SparkFun Electronics
- Texas Instruments Inc.
- Toshiba Electronic Devices & Storage Corp.
- XMOS Ltd.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global IoT microcontroller market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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