Lucintel Blog: Lucintel Forecasts IoT Microcontroller Market to Grow at a CAGR of 9%-11%

Thursday, June 16, 2022

Lucintel Forecasts IoT Microcontroller Market to Grow at a CAGR of 9%-11%

According to the recent study the IoT microcontroller market is projected to grow at a CAGR of 9%-11% from 2020 to 2025. Growth in this market is primarily driven by growth in the application of internet of things to meet the demand of technologically advanced products and growing demand for smaller electronic components.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in IoT microcontroller market by product (8-bit, 16-bit, and 32-bit), application (industrial automation, smart homes, consumer electronics, medical devices, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/iot-microcontroller-market.aspx

“32-bit market is expected to remain the largest segment during the forecast period.”

Based on product, the IoT microcontroller market is segmented into 8-bit, 16-bit, and 32-bit. Lucintel forecasts that the 32-bit market is expected to remain the largest segment due to its wide usage in various IoT applications. 32-bit IoT microcontrollers have high RAM size and better performance.

“Within the IoT microcontroller market, the consumer electronics segment is expected to remain the largest application.”

Based on application, the consumer electronics segment is expected to witness the largest ingredient segment over the forecast period due to growing adoption of smart wearables, such as wristwear, eyewear, and more.

“North America will dominate the IoT microcontroller market in near future.”

North America is expected to be the largest region largest region during the forecast period due to technological development in the field of smart devices and existence of a large number of manufacturers in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/iot-microcontroller-market.aspx

Major players of IoT microcontroller market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Atmel Corporation, ARM, NXP Semiconductors, Microchip Technology Inc, Broadcom Corporation, Infineon Technologies, Texas Instruments, STMicroelectronics, and Silicon Labs are among the major IoT microcontroller providers.

This unique research report 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 https://www.lucintel.com/iot-microcontroller-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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