IoT Microcontroller market
The global IoT Microcontroller market is projected to witness a rapid growth during the forecast period. By product type segment, the 32-bit IoT microcontroller held the largest market share owing to the extensive use of 32-bit IoT microcontroller across various IoT applications due to its high RAM size and better performance.
The global IoT microcontroller market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the IoT microcontroller market in North America is expected to witness significant growth during the forecast period. Technologically advanced industries and demand for the connected device are aiding the market growth. The U.S. is anticipated to drive the growth of the IoT microcontroller market, owing to the presence of large number of established key players, such as Atmel (U.S), Freescale (U.S.), Texas Instruments (U.S), Microchip Technology (U.S.), Intel Corporation (U.S.) and others
In the global IoT microcontroller market, Asia Pacific is anticipated to demonstrate the highest CAGR during the forecast period as compared to other regions, owing to rising adoption of advanced technologies in the industrial sector, particularly in the emerging economies of India and China.
The global IoT microcontroller market is projected to reach USD 4 billion at a CAGR of over 12% by the end of the forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “IoT Microcontroller Market Research Report-Forecast to 2023”.
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IoT Microcontroller Market Segmentation:
The global IoT microcontroller market is segmented into product type and application. The product type segment consists of 8 bit, 16 bit, and 32 bit IoT microcontrollers. The application segment consists of consumer electronics, automotive, industries, healthcare, and others.
Some of the prominent players in the global IoT microcontroller market are Atmel (U.S), Freescale (U.S.), Infineon (Germany), ST Microelectronics (Switzerland), Texas Instruments (U.S), Fujitsu Ltd (Japan), Microchip Technology (U.S.), Samsung Group (South Korea), Intel Corporation (U.S.) are among others
