250 Pages IoT Microcontrollers Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
The report offers actionable and valuable market insights of IoT Microcontrollers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of IoT Microcontrollers Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of IoT Microcontrollers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of IoT Microcontrollers
This newly published and insightful report sheds light on Market Insights of IoT Microcontrollers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of IoT Microcontrollers Market.
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Key Takeaways from the Market Study
- Global IoT microcontroller market to be valued at US$ 5 Bn by 2022-end
- IoT microcontrollers for smart homes likely to expand at a CAGR of 13% until 2032
- 32-Bit IoT microcontroller sales to expand at a 15% value CAGR across the period of assessment
- Europe to account for 1/5th of global market demand for IoT microcontrollers in 2022
- Asia Pacific to post significant gains, expected to surge at a rate of approximately 12% until 2032
- The market for IoT microcontrollers is likely to expand 3.4x until 2032
Rising penetration of internet enabled devices, attributed to massive technological advancements, is widening the scope for high grade semiconductor manufacturing. This is providing a major impetus to IoT microcontroller sales, with manufacturers introducing high grade products, remarks a Fact.MR analyst.
Players in the global IoT microcontroller market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:
- In May 2020, NXP Semiconductor announced a collaboration with OKdo to develop E1, which is a single-board computer (SBC). The SBC comprises NXP’s LPC55S69 Microcontroller, which offers a high-performance and assists the companies to increase their consumer base.
- In February 2022, Infineon Technologies, a German Chipmaker announced its plan to invest more than 2 Bn Euros in a new frontend fab in Kulim, Malaysia. The investment is expected to offer an additional 2 Bn Euros in annual revenues from gallium nitride and silicon carbide.
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Key Segments Covered in the IoT Microcontroller Market Study
By Product :
- 8 Bit IoT Microcontroller
- 16 Bit IoT Microcontroller
- 32 Bit IoT Microcontroller
By Application :
- IoT Microcontroller for Industrial Automation
- IoT Microcontroller for Smart Homes
- IoT Microcontroller for Consumer Electronics
- IoT Microcontroller for Other Applications
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More Valuable Insights on IoT Microcontrollers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of IoT Microcontrollers, Sales and Demand of IoT Microcontrollers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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