Global IoT MCU market is expected
to reach USD 3.56 billion by 2022, according to a new report by Grand View
Research, Inc. IoT demands enhanced connectivity in several consumer devices
owing to which microcontrollers integrating IoT applications with ultra-low
power architecture are targeted. These ultra low power MCUs are primarily
designed, to cater wireless devices.
Microcontroller
industry is anticipated to benefit with the internet of things expansion over
the next seven years. The technology offers opportunities for semiconductor
manufacturers, particularly one that suggests companies should begin
capitalizing now, while the sector is still developing. Additionally, another
key factor associated with IoT MCU growth is how quickly industry participants
can address and resolve issues such as inadequate security, meager consumer
demand, technology barriers and lack of standards. The technology is here to
stay, and is anticipated to help semiconductor industries to maintain or
surpass current demand over the next few years.
To request a
sample copy or view summary of this report, click the link below:
Further key findings from the study suggest:
32-bit
segment is expected to grow at a CAGR exceeding 10% from 2015 to 2022.
Previously, electronic designers largely used an 8-bit device often featuring
the 8051 architecture; however with advances in technology as well as growing
scope of application areas, 32-bit MCUs have emerged as the most obvious
choice. While these changes are already in progress, internet of things has
also predominantly influenced how microcontroller technology develops.
In 2014,
consumer electronics captured a sizeable market share accounting for over 30%
of the overall revenue. Industrial automation is also expected to witness
healthy growth underneath the IoT umbrella with the segment revenue exceeding
USD one million by 2022.
Home automation
is also being viewed as a very lucrative segment as internet of things has
considerably changed ideas pertaining to home electronics design, wherein
microcontrollers play a pivotal role. Several manufacturers have taken this as
a potential market expansion strategy and offer an array of products suited for
this purpose.
North
America IoT microcontroller market accounted for more than 30% in 2014 owing to
ongoing technological developments, and is expected to grow at a CAGR more than
9% from 2015 to 2022. Growing demand in the smart home segment is also expected
to be a primary factor contributing towards regional market growth
High
penetration of consumer electronics such as smart wearables, home appliances,
smartphones, tablets, cameras, televisions, etc, is anticipated to fuel Asia
Pacific internet of things MCU market over the forecast period.
The
semiconductor industry is highly competitive and characterized by constant and
rapid technological advancements, price erosion, shorter product lifecycles and
evolving standards. The success of this market relies heavily on the
manufacturer’s ability to invest in R&D and develop new products. Key
players operating in this industry include ARM, NXP Semiconductors, Atmel
Corporation, Infineon Technologies, Broadcom Corporation, Microchip Technology
Inc., NXP Semiconductors., Silicon Labs, STMicroelectronics and Texas
Instruments.
See More
Reports of This Category:
About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment