IoT Microcontroller Market
IoT Microcontroller Market Analysis by Product (8 Bit, 16 Bit, 32 Bit IoT Microcontroller), by Application (Industrial Automation, Smart Homes, Consumer Electronics), by Region - Global Forecast 2022 to 2032
Analysis of IoT Microcontroller market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global IoT Microcontroller Market Snapshot (2022 to 2032)
The global IoT microcontroller market was valued at US$ 4.6 Bn in 2021, and is expected to surge at a Y-o-Y rate of 8.7% to reach US$ 5 Bn in 2022. Furthermore, the industry is slated to flourish 3.4x until 2032, expected to reach US$ 17 Bn in value terms.
| Report Attributes | Details |
|---|---|
| Documented Value in 2021 | US$ 4.6 Bn |
| Anticipated Market Value in 2022 | US$ 5 Bn |
| Projected Forecast Value in 2032 | US$ 17 Bn |
| Global Growth Rate (2022 to 2032) | 13% CAGR |
| Market Share of Europe in 2022 | 20% |
| Expected Growth Rate of Asia Pacific | 12% CAGR (2022 to 2032) |
| Key Manufacturers of IoT Microcontrollers | Broadcom; Espressif Systems (Shanghai) Co. Ltd.; Holtek Semiconductor Inc.; Infineon Technologies; Microchip Technology Inc.; Nuvoton Technology Corporation; NXP Semiconductors; Silicon Laboratories; ST Microelectronics; Texas Instruments Incorporated; Renesas Electronics Corporation |
Extensive reliance on the virtual space amid deepening internet penetration across multiple industrial domains has boded well for IoT microcontrollers’ market demand. It is expected that demand for IoT microcontrollers will expand the fastest in the smart homes segment, registering a CAGR of 13% throughout the period of assessment.
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Demand Analysis of IoT Microcontrollers 2015 to 2021 vs. Future Outlook 2022 to 2032
According to Fact.MR- a market research and competitive intelligence provider- sales of IoT microcontrollers flourished at a CAGR of 10% from 2015 to 2021, reaching a valuation of US$ 4.6 Bn. The increasing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are some of the primary factors to drive the market growth.
The COVID-19 pandemic further served to elevate growth prospects, as the imposition of strict lockdowns to arrest the spread of infections led to a spike in remote working arrangements. This heightened reliance on IoT enabled devices, including smartphones, tablets and laptops. At the same time, in the initial months, suppliers of microcontroller units had to navigate through demand and supply shocks brought about by the sudden closure of borders and disruption in logistics.
A growing preference for embedded Non-Volatile Memory (eNVM) solutions over System-in-Package (SiP) in high-end applications such as industrial automation, smart utilities, and smart transportation is expected to bode well for the IoT microcontroller market growth in forthcoming years. From 2022 to 2032, the market is projected to flourish at a CAGR of 13%.
How does the Development of Internet Connectivity Boost the IoT Microcontroller Market?
Development of Internet Connectivity in Technologically Advancing Nations to Fuel the Market in the Forecast Period
The increasing demand for cheap smart wireless sensor networks and the development of internet connectivity in technologically advancing countries are anticipated to be the key drivers of the market. Further, the growing number of IoT connections and increasing demand for low-power, energy-efficient connected products are other salient factors boosting the industry.
Moreover, the popularity of the Internet of Things (IoT) is expected to provide a significant boost to the market in the coming time. IoT is witnessing a wide range of applications such as; industrial automation, smart appliances, smart grids, and smart cities, which is anticipated to fuel the market significantly during the forecast period.
In addition, the rising popularity of fitness apps and increasing awareness about physical fitness in emerging countries such as; India, China, and Japan are likely to drive the adoption of wearable technology, thereby expanding the market size during the forecast period.
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What are the Factors Hampering the IoT Microcontroller Market?
High Power Consumption of IoT Microcontroller to Hamper the Market
The high power consumption of the microcontroller is anticipated to be a major factor hampering the market growth during the forecast period. Further, security concerns associated with IoT devices is another salient cause that can hinder market expansion. Furthermore, the outbreak of COVID-19 brought a negative impact on the industrial sector, affecting the microcontrollers and microprocessors.
Although production has resumed, the shortage of semiconductors is likely to continue till 2023. Moreover, the fluctuations in selling prices of MCUs and the lack of components are anticipated to impede the market growth considerably. The manufacturers experienced various challenges to meet the supply and demand targets since several production facilities were suspended and the international borders were temporarily shut.
Country-Wise Analysis
How does the Presence of Developing Countries in APAC Boost the Market in the Region?
APAC to expand at a CAGR of 12% during the forecast period
As per the analysis conducted at Fact.MR, the APAC market is anticipated to expand at an approximate CAGR of 12% during the forecast period. The presence of developing countries such as; India, China, and Japan are likely to provide significant opportunities for expansion to the market.
The estimation reveals that the growth driven by India, China, and Japan is nearly 50% of the global market share. The expansion of the market in APAC can be attributed to the increasing initiatives by the government to increase awareness about smart wearables.
For instance, the recent trade agreement, Regional Comprehensive Economic Partnership (RCEP) among the APAC countries aims to create pocket-friendly smart home devices.
In addition, increasing internet penetration and the growing application of smartphones in these developing countries are projected to grow the market significantly. According to IAMAI-Kantar ICUBE 2020 report, the number of active internet users in India is anticipated to surge by 45% in the coming 5 years and reach 900 million by 2025 against 622 million in 2020.
What is the Role of Europe to Drive the IoT Microcontroller Market?
France, U.K, and Spain to Make Significant Contribution in Boosting the Market in Europe
According to Fact. MR, Europe is anticipated to have secured a market revenue surpassing 20% in 2022. As a part of the initiative of the government, 50% of the electricity meters have been replaced by smart electricity meters.
Furthermore, the government is also making significant investments in the installation of smart meters across European countries such as; the UK, France, and Spain. Furthermore, the rising popularity of fitness apps in countries such as; Poland, the UK, after the outbreak of COVID-19, has also played a significant role in boosting the market in Europe.
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Category-Wise Analysis
Why is the Smart Homes Segment and Consumer Electronics Segment Expected to Gain Traction?
Increasing Advancements in Smart Devices to Boost the Segment during the Forecast Period
As per the observations at Fact. MR, the smart home segment is anticipated to have secured a market value of US$ 1 Bn in 2022 while recording a CAGR surpassing 13% during the forecast period. The expansion of the segment can be attributed to the increasing advancements in smart devices, which are likely to strengthen the segment in the coming time. Such developments in smart devices generate the need for secured and energy-efficient applications such as HVAC, which can propel the industry notably.
On the other hand, the consumer electronics segment expanded considerably after the outbreak of COVID-19, which resulted in remote working culture. The pandemic created the demand for fitness trackers and smart wearable. Moreover, the growing awareness about fitness among the youth is another salient cause strengthening the segment during the forecast period.
Based on Products, Which Segments are expected to boost Market Growth?
32 Bit MCU Segment to Record the Highest CAGR of 13% owing to its IoT Applications
As per the analysis at Fact. MR, the 32 Bit MCU is anticipated to dominate the market by exhibiting the highest CAGR of 15% during the forecast period. The 32 Bit is widely used for IoT applications. It has an extensive application in building automation and factory automation and is economic as well.
On the other hand, the 8 MCUs segment is projected to witness a CAGR of 11% during the forecast period. The 8-bit segment is majorly used for connected devices and smart wearables. The increasing demand for fitness wearables among the youth owing to the growing cases of obesity, diabetes, etc is predicted to make a significant contribution in boosting the segment in the assessment period.
Competitive Landscape
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.
IoT Microcontroller Market- Report Scope
| Attribute | Details |
|---|---|
| Historical Data Available For | 2015 to 2021 |
| Projected Forecast Period | 2022 to 2032 |
| Market Analysis | US$ Mn for Value and Units for Volume |
| Key Regions Covered | North America; South America; Europe; Asia Pacific; Middle East & Africa |
| Key Segments Covered | Product, Application, Regions |
| Key Countries Profiled | U.S, Canada, Brazil, Mexico, Germany, France, U.K, China, Japan, India, GCC, South Africa, Turkey |
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
- Smartphones
- Wearables
- Others
- IoT Microcontroller for Other Applications
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product
- 8.1. 8 Bit
- 8.2. 16 Bit
- 8.3. 32 Bit
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
- 9.1. Industrial Automation
- 9.2. Smart Homes
- 9.3. Consumer Electronics
- 9.3.1. Smartphones
- 9.3.2. Wearables
- 9.3.3. Others
- 9.4. Others
- 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Asia Pacific
- 10.5. Middle East and Africa (MEA)
- 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Broadcom
- 18.2. Espressif Systems (Shanghai) Co., Ltd
- 18.3. Holtek Semiconductor Inc.
- 18.4. Infineon Technologies
- 18.5. Microchip Technology Inc.
- 18.6. Nuvoton Technology Corporation
- 18.7. NXP Semiconductors
- 18.8. Silicon Laboratories
- 18.9. STMicroelectronics
- 18.10. Texas Instruments Incorporated
- 18.11. Renesas Electronics Corporation
- 19. Assumptions and Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn), By Product, 2015 to 2021
Table 2: Global Market Value (US$ Mn), By Product, 2022 to 2032
Table 3: Global Market Value (US$ Mn), By Application, 2015 to 2021
Table 4: Global Market Value (US$ Mn), By Application, 2022 to 2032
Table 5: Global Market, By Region, 2015 to 2021
Table 6: Global Market, By Region, 2022 to 2032
Table 7: North America Market Value (US$ Mn), By Product, 2015 to 2021
Table 8: North America Market Value (US$ Mn), By Product, 2022 to 2032
Table 9: North America Market Value (US$ Mn), By Application, 2015 to 2021
Table 10: North America Market Value (US$ Mn), By Application, 2022 to 2032
Table 11: North America Market, By Country, 2015 to 2021
Table 12: North America Market, By Country, 2022 to 2032
Table 13: Latin America Market Value (US$ Mn), By Product, 2015 to 2021
Table 14: Latin America Market Value (US$ Mn), By Product, 2022 to 2032
Table 15: Latin America Market Value (US$ Mn), By Application, 2015 to 2021
Table 16: Latin America Market Value (US$ Mn), By Application, 2022 to 2032
Table 17: Latin America Market, By Country, 2015 to 2021
Table 18: Latin America Market, By Country, 2022 to 2032
Table 19: Europe Market Value (US$ Mn), By Product, 2015 to 2021
Table 20: Europe Market Value (US$ Mn), By Product, 2022 to 2032
Table 21: Europe Market Value (US$ Mn), By Application, 2015 to 2021
Table 22: Europe Market Value (US$ Mn), By Application, 2022 to 2032
Table 23: Europe Market, By Country, 2015 to 2021
Table 24: Europe Market, By Country, 2022 to 2032
Table 25: Asia Pacific Market Value (US$ Mn), By Product, 2015 to 2021
Table 26: Asia Pacific Market Value (US$ Mn), By Product, 2022 to 2032
Table 27: Asia Pacific Market Value (US$ Mn), By Application, 2015 to 2021
Table 28: Asia Pacific Market Value (US$ Mn), By Application, 2022 to 2032
Table 29: Asia Pacific Market, By Country, 2015 to 2021
Table 30: Asia Pacific Market, By Country, 2022 to 2032
Table 31: MEA Market Value (US$ Mn), By Product, 2015 to 2021
Table 32: MEA Market Value (US$ Mn), By Product, 2022 to 2032
Table 33: MEA Market Value (US$ Mn), By Application, 2015 to 2021
Table 34: MEA Market Value (US$ Mn), By Application, 2022 to 2032
Table 35: MEA Market, By Country, 2015 to 2021
Table 36: MEA Market, By Country, 2022 to 2032
Table 37: Global Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 38: Global Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 40: North America Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 41: North America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 43: Latin America Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 44: Latin America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 46: Europe Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 47: Europe Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 49: Asia Pacific Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 50: Asia Pacific Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 52: MEA Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 53: MEA Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 54: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Product, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Product – 2022 to 2032
Figure 6: Global Market Share, By Application, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Application – 2022 to 2032
Figure 9: Global Market Share, By Region, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Region – 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Region – 2022 to 2032
Figure 12: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 14: North America Market Share, By Product, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 16: North America Market Attractiveness Index, By Product – 2022 to 2032
Figure 17: North America Market Share, By Application, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Application – 2022 to 2032
Figure 20: North America Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Country – 2022 to 2032
Figure 23: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 25: Latin America Market Share, By Product, 2022 & 2032
Figure 26: Latin America Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 27: Latin America Market Attractiveness Index, By Product – 2022 to 2032
Figure 28: Latin America Market Share, By Application, 2022 & 2032
Figure 29: Latin America Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 30: Latin America Market Attractiveness Index, By Application – 2022 to 2032
Figure 31: Latin America Market Share, By Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Country – 2022 to 2032
Figure 34: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 36: Europe Market Share, By Product, 2022 & 2032
Figure 37: Europe Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 38: Europe Market Attractiveness Index, By Product – 2022 to 2032
Figure 39: Europe Market Share, By Application, 2022 & 2032
Figure 40: Europe Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 41: Europe Market Attractiveness Index, By Application – 2022 to 2032
Figure 42: Europe Market Share, By Country, 2022 & 2032
Figure 43: Europe Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 44: Europe Market Attractiveness Index, By Country – 2022 to 2032
Figure 45: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 46: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 47: MEA Market Share, By Product, 2022 & 2032
Figure 48: MEA Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 49: MEA Market Attractiveness Index, By Product – 2022 to 2032
Figure 50: MEA Market Share, By Application, 2022 & 2032
Figure 51: MEA Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 52: MEA Market Attractiveness Index, By Application – 2022 to 2032
Figure 53: MEA Market Share, By Country, 2022 & 2032
Figure 54: MEA Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 55: MEA Market Attractiveness Index, By Country – 2022 to 2032
Figure 56: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 58: Asia Pacific Market Share, By Product, 2022 & 2032
Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 60: Asia Pacific Market Attractiveness Index, By Product – 2022 to 2032
Figure 61: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 63: Asia Pacific Market Attractiveness Index, By Application – 2022 to 2032
Figure 64: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 66: Asia Pacific Market Attractiveness Index, By Country – 2022 to 2032
Figure 67: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 68: US Market Share, By Product, 2021
Figure 69: US Market Share, By Application, 2021
Figure 70: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 71: Canada Market Share, By Product, 2021
Figure 72: Canada Market Share, By Application, 2021
Figure 73: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 74: Brazil Market Share, By Product, 2021
Figure 75: Brazil Market Share, By Application, 2021
Figure 76: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 77: Mexico Market Share, By Product, 2021
Figure 78: Mexico Market Share, By Application, 2021
Figure 79: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 80: Germany Market Share, By Product, 2021
Figure 81: Germany Market Share, By Application, 2021
Figure 82: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 83: U.K. Market Share, By Product, 2021
Figure 84: U.K. Market Share, By Application, 2021
Figure 85: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 86: France Market Share, By Product, 2021
Figure 87: France Market Share, By Application, 2021
Figure 88: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 89: Italy Market Share, By Product, 2021
Figure 90: Italy Market Share, By Application, 2021
Figure 91: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 92: BENELUX Market Share, By Product, 2021
Figure 93: BENELUX Market Share, By Application, 2021
Figure 94: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 95: Nordic Countries Market Share, By Product, 2021
Figure 96: Nordic Countries Market Share, By Application, 2021
Figure 97: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 98: China Market Share, By Product, 2021
Figure 99: China Market Share, By Application, 2021
Figure 100: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 101: Japan Market Share, By Product, 2021
Figure 102: Japan Market Share, By Application, 2021
Figure 103: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 104: South Korea Market Share, By Product, 2021
Figure 105: South Korea Market Share, By Application, 2021
Figure 106: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 107: GCC Countries Market Share, By Product, 2021
Figure 108: GCC Countries Market Share, By Application, 2021
Figure 109: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 110: South Africa Market Share, By Product, 2021
Figure 111: South Africa Market Share, By Application, 2021
Figure 112: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 113: Turkey Market Share, By Product, 2021
Figure 114: Turkey Market Share, By Application, 2021
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- FAQs -
What was the documented market worth of IoT microcontrollers in 2021?
According to Fact.MR, IoT microcontroller sales were valued at US$ 4.6 Bn in 2021
At what value will the market for IoT microcontrollers be valued in 2022?
As of 2022, the IoT microcontroller market is expected to be valued at US$ 5 Bn
What is the expected market value for IoT microcontrollers as of 2032?
By 2032, demand for IoT microcontrollers is expected to reach a valuation of US$ 17 Bn
At what rate did the IoT microcontroller industry expand from 2015 to 2021?
From 2015-2021, sales of IoT microcontrollers surged at a CAGR of 10%, as per Fact.MR
What is the expected forecast CAGR for the market on IoT microcontrollers in the coming decade?
As per Fact.MR, demand for IoT microcontrollers is expected to flourish at a CAGR of 13% from 2022 to 2032
What are the prospects for IoT microcontroller sales across Europe?
Across Europe, IoT microcontrollers will contribute 20% of the global sales in 2022
At what percentage will IoT microcontroller market expand in the Asia Pacific?
In the Asia Pacific, IoT microcontrollers are likely to enjoy a CAGR of approx. 12%
Which is likely to be the dominant application area for IoT microcontrollers?
IoT microcontrollers are expected to be used most in smart homes, accumulating US$ 1 Bn by 2022
IoT Microcontroller Market