IoT Microcontroller Market 2020
Description: –
The increasing penetration and adoption of mobile devices and IoT has mainly driven the growth of the IoT market. The increasing use of virtualization, cloud and data analytics have been supporting market growth over the years. Market growth has increased. The growth of the IoT microcontrollers market in the forecast period will intensify rising investment from suppliers in technological advances coupled with increasing automation across diverse industries. Nevertheless, the market growth is impeded due to high energy consumption, health, privacy concerns and failure to standardize.
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Key Players Included are:-
The companies operating in the market include Infineon Technologies, Broadcom Corporation, Microchip Technology, Fujitsu Ltd, Holtek Semiconductor, Silicon Laboratories, Inc, Texas Instruments, NXP Semiconductors N.V, Atmel Corporation, and Espressif Systems Pte. Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
In the coming years, increasing demand from emerging economies is expected to offer multiple growth opportunities with technological advances. The highest turnover was recorded in 2017 in North America. Industrial automation is rising and the number of mobile phones is growing. The growing trend towards IOT-microcontroller in BYOD, IoT, Big Data Analysis and Virtualization is increasing in the region. The increasing proliferation and technological developments of mobile devices continue to support market growth of IoT microcontrollers in the region.
Continue to promote market growth in the region by increasing spending on intelligent homes and intelligent cities in the region. Due to the growing automation in industrial processes across various industries in the region’s developing countries, Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
The largest market in APAC is expected to be USD 1.61 billion by 2026, with CAGR 15.28% being the highest in the forecast period and North America. This is accredited mainly to advance technological innovation and to increase the use of automation technology in several vertical sectors. Oil & gas, semiconductor, electronics, automotive, chemical, water and food are the major application in Asia Pacific for industrial control and factory automation. China is one of the main automation market players in this region.
With the increasing importance of interconnection, the Internet of Things also has good market views and demand. Often known as MCU is the microcontroller. It is a chip-based soC or system consisting of a memory, programmable input and output peripherals and a core processor. Several cases involve an improved performance for a small part of an random access memory in a microcontroller. At present a large number of items and equipment such as power tools, remote controls, office machines, vehicle engine scans, and medical devices are being used for the automated network of microcontrollers.
Significant developments in the Internet of Things technologies are expected to meet the needs of advanced technology consumers from a large consumer base. The long-term positive impact of this factor on market growth is expected. In addition, smart meters are projected to be employed in a variety of residential and commercial fields to closely monitor overall energy usage and to have a positive impact on the development of the global microcontroller Internet in future year. Nonetheless, these microcontrollers have a very high competitive power, hampering in some way the growth of the market.
The microcontroller (MCU) is a chip system (SoC) consisting of memory, processor core and programmable peripheral input and output. In many cases, little RAM memory for improved performance is integrated into an MCU. Microcontrollers are currently used widely across different devices, such as medical devices, automobile engine control systems, office machines, remote controls, power tools and other portable devices, that are automatically operated by Internet of Thing (IoT).
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Table of Contents – Major Key Points
1. Overview and Scope
2. Executive Summary
3. IoT Microcontroller Market Insights
4. IoT Microcontroller Market Size and Forecast by Type, 2018-2026
5. IoT Microcontroller Market Size and Forecast by Application, 2018-2026
6. IoT Microcontroller Market Size and Forecast by Region, 2018-2026
7. Company Profiles
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