IoT Microcontroller Market Research Report – Forecast to 2027

IoT Microcontroller Market Research Report by Type (8-bit, 16 bit and 32 bit.), End-User (Consumer Electronics, Automotive, Industries, Healthcare) – Forecast till 2027

ID: MRFR/SEM/4432-HCR | February 2021 | Region: Global | 100 pages

IoT Microcontroller Market Overview


The IoT microcontroller market is expected to grow at a higher CAGR of 12% in the global market during the forecasted period to account for a higher market share value of approximately USD 4 billion by the end of the forecasted period (2017-2023).


The combination of microcontroller and IoT technology is known as the Internet of Things (IoT). This latest technology requires actuators and sensors to build a strong link between the digital world and the physical world. Both sensors and actuators perform different functions while the sensor converts the physical state into a digital signal or an analog whereas the actuator does the opposite by converting digital signals into physical effects. So basically, the IoT architecture is the computing system that generates digital signals so that they can be performed using a microcontroller.


 IoT Microcontroller Market
Source: MRFR Analysis


COVID 19 Analysis


The global pandemic of COVID 19 has affected a major chunk of the population. Many people have lost their livelihood because of this global pandemic. It has affected the dynamics and growth of several industries. During the lockdown situation, the supply chain network was disrupted which leads to low market supply. But with the growing adoption of the Internet, as various corporates have started work for home, they require the adoption of various internet of things along with its microcontroller which shows that COVID 19 has a positive effect on the IoT microcontroller market.


The internet of thing (IoT) microcontroller market is showing positive growth in the global market and it is expected to grow furthermore in the coming year all across the globe by the end of the coming year.


Market Dynamics


Drivers


Numerous factors drive the market demand in the global market. Increasing advancement in various enterprises regarding the use of internet of things applications in various fields drives the market demand in the global market during the forecasted period. Increasing a wider consumer base that demands technologically advanced products fuel the market demand during the review period. The increasing initiative taken by the government for the establishment of smart cities boosts the market demand all across the globe. Also, the increasing trend in the adoption of cloud and BYOD creates more market demand.


Opportunities


The rise in the demand for IoT microcontroller market in the global market. Increasing adoption of virtualization, big data, and cloud due to the global pandemic of COVID 19 provides various growth opportunities in the global market during the forecasted period. Moreover using these microcontroller chips results in quick addressing and solving the issues related to technical barriers, meager consumer demand, lack of standards, and inadequate security creates several growth opportunities all across the globe during the forecasted period.


Restraints


Though the IoT microcontroller market is increasing tremendously in the global market, some factors restrict its growth. One of the restraining factors is the lack of standardization in the applications using the internet of things which hampers the market growth in the global market. Moreover, increasing privacy and security concerns while using IoT also hamper the market growth during the forecasted period. Additionally, increasing power consumption leads to higher costs which are not afforded by many countries of underdeveloped regions restrict the market growth.


Value Chain Analysis


The IoT microcontroller market is increasing at an incredible rate globally due to various benefits associated with it. It helps in monitoring the data. It enables the users’ ease of access which creates more market demand all across the globe. Using these microcontroller technology results in speedy operation. These applications are flexible and can be easily adjusted according to the new standards. Moreover, the adoption of these technologies in an enterprise results in better time management.


Market Segmentation


The IoT microcontroller market has been divided all across the globe based on type, application, and region.


Based on the Type


The market has been divided all across the globe based on the type into 32 bit IoT microcontrollers, 16 bit IoT microcontrollers, and 8 bit IoT microcontrollers.


Based on the Application


The market has been divided all across the globe based on the application into the healthcare industry, industries sector, automotive industry, consumer electronics industry, and others.


Based on the Region


The market has been divided all across the globe based on the region into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.


Regional Analysis


The IoT microcontroller market has been divided all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The largest market share in the market all across the globe is held by the North American region owing to increasing demand for smart home initiatives coupled with increasing requirement for IT requirements drives the market demand to this region. Moreover, the presence of various giant manufacturers in this region drives the market demand.


Being the fastest-growing region, the second-largest market share in the IoT microcontroller market all across the globe is held by the Asia-Pacific region owing to increasing technological advancement in the automotive industry required especially in interactive safety systems and vehicle connectivity systems, and hence drives the market demand towards this region during the forecasted period.


The third-largest market share in the IoT microcontroller market all across the globe is held by the European region owing to increasing demand for smartwatches, smart televisions, tablets, smartphones, and various other consumer electronic devices that drives the market demand in this region. Moreover, the presence of various giant manufacturers of electronic devices fuels the market growth.


The least market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.


Competitive Landscape


The most prominent major key players in the IoT microcontroller market all across the globe are mentioned below:



  • Intel Corporation (US)

  • Samsung Group (South Korea)

  • Microchip Technology (US)

  • Fujitsu Ltd. (Japan)

  • Texas Instruments (US)

  • ST Microelectronics (Switzerland)

  • Infineon (Germany)

  • Freescale (US)

  • Atmel (US)


These major key players use various strategies to sustain their market position in the IoT microcontroller market in the global market by going for mergers, and acquisitions, by collaborating, establishing a partnership, developing a new production process, setting up a new joint venture, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the IoT microcontroller all across the globe.


Recent Developments



  • In August 2018, a new feature of system-on-chip (SOC) built on the 6nm process node for the upcoming flagship mobile platform has been announced by Qualcomm. It will help in pairing Snapdragon X50 5G modem which might become the first 5G-capable mobile platform for various mobile devices.

  • In December 2018, the next generation of cellular chipset purpose-built has been introduced by Qualcomm for IoT. It will help in various applications like smart meters, smart city sensors, security systems, health monitors, asset trackers, and wearable trackers.

  • Infineon (Germany) is spending a large sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales volume.

  • The largest market share in the IoT microcontroller market all across the globe is held by the North American region owing to increasing demand for smart home initiatives coupled with increasing requirement for IT requirements drives the market demand to this region.

  • All the major key players are highly investing in mergers and acquisitions, new product launches, and joint ventures.


Report Overview


This global IoT microcontroller market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This market research report contains factors that drive the growth of the IoT microcontroller market in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth in the market during the forecasted period are mentioned. The impact of COVID 19 on the market all across the globe is mentioned. The future growth rate in the IoT microcontroller market during the forecasted period is estimated and mentioned.


Intended Audience


Hardware providers, government bodies, standardization bodies, system integrators, software providers, research firms, consultancy firms, technology investors, and many others.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4 Billion (2023)
  CAGR   12% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Type,
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.)
  Key Market Opportunities   The rapid technological advancements in the smart devices segment are fueling the market growth in the North American region.
  Key Market Drivers   The key factors driving the market include advancements in the application of fields of the internet of things to meet the demands of technologically advanced products of a wide consumer base.


Frequently Asked Questions (FAQ) :


Atmel (U.S), ST Microelectronics (Switzerland), Texas Instruments (U.S), Infineon (Germany), and Freescale (U.S.), are some notable contenders of the worldwide IoT microcontroller market.

Large scale application of IoT microcontrollers and seamless collection of data offered by them are observed as major growth factors for the expansion of their market.

Technically advanced products have a large consumer base. It is a major reason due that can cause the global IoT microcontroller market to expand at about 12%b CAGR across the forecast period (2016 to 2023) and attain a valuation of about USD 4 billion by 2023, suggests MRFR.

32 bits microcontrollers are deployed in medical appliances, microcontrollers of size 16 bits offer greater accuracy. And, 8 bits microcontrollers are extensively used to carry out arithmetic and logic operations. The availability of different types of microcontrollers that can meet different industrial requirements can propel the expansion of the IoT microcontroller market.

8 bit, 32 bit, and 16 bit are different types of IoT microcontrollers that are available in the market. The increase in the generation of data is creating the need for more memory space. Hence, the 32 bit IoT microcontrollers are observed to gain high popularity. In addition, it is also noted that these IoT microcontrollers offer more space than their mentioned size, which is expected to make a significant contribution to the expansion of the market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.1.5 Bargaining power of suppliers

4.2 Value Chain/Supply Chain of Global IoT Microcontroller Market

5 Industry Overview of Global IoT Microcontroller Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global IoT Microcontroller Market by Product Type

7.1 Introduction

7.2 Solution

7.2.1 8 bit

7.2.1.1 Market Estimates & Forecast, 2020-2027

7.2.1.2 Market Estimates & Forecast by Region, 2020-2027

7.2.2 16 bit

7.2.2.1 Market Estimates & Forecast, 2020-2027

7.2.2.2 Market Estimates & Forecast by Region, 2020-2027

7.2.3 32 bit

7.2.3.1 Market Estimates & Forecast, 2020-2027

7.2.3.2 Market Estimates & Forecast by Region, 2020-2027

8. Global IoT Microcontroller Market by Application

8.1 Introduction

8.2 Consumer Electronics

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Industries

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Healthcare

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

9. Global IoT Microcontroller Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 U.S.A

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5 France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by Application, 2020-2027

9.3.8 U.K

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by Application, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7 Rest of Asia Pacific

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 The Middle East & Africa

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5 Latin America

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

10. Company Profiles

10.1 Atmel (U.S)

10.1.1 Company Overview

10.1.2 Product Type/Business Segment Overview

10.1.3 Financial Updates

10.1.4 Key Developments

10.2 Freescale (U.S.)

10.2.1 Company Overview

10.2.2 Product Type/Business Segment Overview

10.2.3 Financial Updates

10.2.4 Key Developments

10.3 Infineon (Germany)

10.3.1 Company Overview

10.3.2 Product Type/Business Segment Overview

10.3.3 Financial Updates

10.3.4 Key Developments

10.4 ST Microelectronics (Switzerland)

10.4.1 Company Overview

10.4.2 Product Type/Business Segment Overview

10.4.3 Financial Updates

10.4.4 Key Developments

10.5 Texas Instruments (U.S)

10.5.1 Company Overview

10.5.2 Product Type/Business Segment Overview

10.5.3 Financial Updates

10.5.4 Key Developments

10.6 Fujitsu Ltd (Japan)

10.6.1 Company Overview

10.6.2 Product Type/Business Segment Overview

10.6.3 Financial Updates

10.6.4 Key Developments

10.7 Microchip Technology (U.S.)

10.7.1 Company Overview

10.7.2 Product Type/Business Segment Overview

10.7.3 Financial Updates

10.7.4 Key Developments

10.8 Samsung Group (South Korea)

10.8.1 Company Overview

10.8.2 Product Type/Business Segment Overview

10.8.3 Financial Updates

10.8.4 Key Developments

10.9 Intel Corporation (U.S.)

10.9.1 Company Overview

10.9.2 Product Type/Business Segment Overview

10.9.3 Financial Updates

10.9.4 Key Developments

LIST OF TABLES

Table 1 Global IoT Microcontroller Market: By Region, 2020-2027

Table 2 North America IoT Microcontroller Market: By Country, 2020-2027

Table 3 Europe IoT Microcontroller Market: By Country, 2020-2027

Table 4 Asia Pacific IoT Microcontroller Market: By Country, 2020-2027

Table 5 Rest of the World IoT Microcontroller Market: By Country, 2020-2027

Table 6 Latin America IoT Microcontroller Market: By Country, 2020-2027

Table 7 Global IoT Microcontroller by Product Type Market: By Regions, 2020-2027

Table 8 North America IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table 9 Europe IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table 10 Asia Pacific IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table11 The Middle East & Africa IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table12 Latin America IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table13 Global IoT Microcontroller by Product Type Market: By Regions, 2020-2027

Table14 North America IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table15 Europe IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table16 Asia Pacific IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table17 Rest of the World IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table18 Latin America IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table 18 North America IoT Microcontroller by Product Type Market: By Country, 2020-2027

Table20 Europe IoT Microcontroller for Product Type Market: By Country, 2020-2027

Table21 Asia Pacific IoT Microcontroller for Product Type Market: By Country, 2020-2027

Table22 Rest of the World IoT Microcontroller for Product Type Market: By Country, 2020-2027

Table23 Latin America IoT Microcontroller for Product Type Market: By Country, 2020-2027

Table24 Global Product Type Market: By Region, 2020-2027

Table25 Global Constructive Method Market: By Region, 2020-2027

Table26 Global Product Type : By Region, 2020-2027

Table27 North America IoT Microcontroller Market, By Country

Table28 North America IoT Microcontroller Market, By Product Type

Table 29 North America IoT Microcontroller Market, By Product Type

Table30 Europe: IoT Microcontroller Market, By Country

Table31 Europe: IoT Microcontroller Market, By Product Type

Table32 Europe: IoT Microcontroller Market, By Product Type

Table33 Asia Pacific: IoT Microcontroller Market, By Country

Table34 Asia Pacific: IoT Microcontroller Market, By Product Type

Table35 Asia Pacific: IoT Microcontroller Market, By Product Type

Table36 Rest of the World : IoT Microcontroller Market, By Country

Table37 Rest of the World :IoT Microcontroller Market, By Product Type

Table38 Rest of the World :IoT Microcontroller Market, By Product Type

Table 38 Latin America: IoT Microcontroller Market, By Country

Table 40 Latin America : IoT Microcontroller Market, By Product Type

Table 41 Latin America : IoT Microcontroller Market, By Product Type

LIST OF FIGURES

FIGURE 1 Global IoT Microcontroller Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global IoT Microcontroller Market

FIGURE 4 Value Chain of Global IoT Microcontroller Market

FIGURE 5 Share of Global IoT Microcontroller Market in 2020, by country (in %)

FIGURE 6 Global IoT Microcontroller Market, 2020-2027,

FIGURE 7 Sub segments of Product Type

FIGURE 8 Global IoT Microcontroller Market size by Product Type, 2020

FIGURE 9 Share of Global IoT Microcontroller Market by Product Type, 2020 TO 2027

FIGURE 10 Global IoT Microcontroller Market size by Application, 2020

FIGURE 11 Share of Global IoT Microcontroller Market by Application, 2020 TO 2027