Global IoT Microcontroller Market – Overview The global IoT Microcontroller Market is growing rapidly, witnessing continually rising sales. The market growth attributes to the rapid technological advances in vehicle connectivity and interactive safety system and the burgeoning automotive industry worldwide. Besides, increasing demand for smart consumer electronic devices such as smartphones, tablets, televisions, and smartwatches create substantial market value. Moreover, the strong presence of major smart device manufacturers escalates the market growth. According to Market Research Future (MRFR), the global IoT microcontroller market is projected to grow at 12% CAGR throughout the assessment period (2017-2023). IoT microcontroller comparisons include a hypervisor software components embedded in the microcontroller’s protected area, handling boot processes both for air upgrades and cloud communications. Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/5888 Additionally, the rising sales of electronics goods and the proliferation of IoT devices, sensors, and actuators drive the growth of the market. Also, spurring growth in the MCU market with the increasing miniaturization of IC positively impacts the growth of the market. Moreover, diverse application areas of IoT microcontroller in industrial automation, consumer electronics, automotive, and telecom sectors boost the market growth. Additionally, the increasing demand for IoT microcontroller from the burgeoning end-use industries such as medical devices, telecom, and automotive influences the market growth. Increasing uptake of the device in consumer electronics products offers ample scope of growth for the market. Over recent years, the demand for MCUs to improve operations of electronic devices has been growing continually. High automation in the automotive sector substantiates the market demand. Conversely, the lack of technical expertise is the major factor forecasted to impede the growth of the market. Nevertheless, the consumer electronics sector would support market growth throughout the assessment period, demonstrating the largest adoption of the IoT microcontroller. Also, increasing deployments of the smart meter in residential and commercial sectors for close monitoring of the total energy consumption fosters the growth of the market. Global IoT Microcontroller Market - Segments The report is segmented into three dynamics: By Type
: 8-bit, 16 bit, and 32 bit.
By End-User: Consumer Electronics, Automotive, Industries, Healthcare, and others. By Regions
: Americas, Asia Pacific, Europe, and the Rest-of-the-World.
Global IoT Microcontroller (MCU) Market - Regional Analysis