IoT microcontroller market is anticipated to grow at a CAGR of 12.6% during the forecast period (2024-2031). The growing adoption of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are the key factors supporting the growth of the market globally. Network interfaces are used by microcontrollers to communicate locally with other devices and to send data to an Internet of Things application for analysis. Additionally, they are made to support a variety of network protocols, including Bluetooth, WI-Fi, and cellular networks like 4G and 5G.
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Wireless microcontrollers, which enable network connectivity and inter-device communication. The market for wireless microcontrollers that enable various wireless protocols has been driven by the rising need for wearable technology, smart homes, and industrial automation. As the entire globe grows more interconnected, wireless technology is now required for the majority of applications. Wireless microcontrollers offer a dependable and effective means of communication between devices and the cloud, whether it be for smart cities, connected homes, or commercial and industrial automation.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global IoT Microcontroller Market Report Segment
By Product
- 8 Bit
- 16 Bit
- 32 Bit
By Application
- Industrial Automation
- Smart Homes
- Consumer Electronics
- Smart Wearables
Global IoT Microcontroller Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- The Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global IoT microcontroller market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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