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Thursday, August 31, 2023

32 bit is expected to remain the largest segment in the global IoT microcontroller market

An exciting new study from the team of Lucintel found that IoT microcontroller market is expected to reach $9.8 billion by 2028 with a CAGR of 12.4%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

The IoT microcontroller market is segmented based on product, application, and region. In this market, 32 bit is expected to remain the largest product, and smart home segment is expected to remain the largest application. Players can benefit from the available opportunities like the supportive government spending in the development of smart cities, increasing adoption of smart wearable devices, and availability of affordable smart home devices in the region.

Broadcom, Espressif Systems, Holtek Semiconductor, Infineon Technologies, Microchip Technology, and Nuvoton Technology are some of the major players profiled in this 150 page report.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the IoT microcontroller market by product (8 bit, 16 bit, and 32 bit), application (industrial automation, smart homes, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the IoT microcontroller market?

Q.4 What are some changing demands of customers in the IoT microcontroller market?

Q.5 What are the new developments in the IoT microcontroller market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this IoT microcontroller area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this IoT microcontroller market?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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