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Xpodence Research added â€œGlobal Internet of Things (IoT) Microcontroller Market Trends, Analysis, And Forecast To 2025â€ to their research database.nAsk for a sample @ https://www.xpodenceresearch.com/Request-Sample/105802 n
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Global Internet of Things (IoT) Microcontroller Market Trends,
Analysis, And Forecast To 2025
Increasing interconnectivity inclinations is expected to enhance the demand for IoT microcontroller
market. Microcontroller or MCU is system on chip (SoC) that includes programmable output, memory,
input peripherals and a core processor. MCU is majorly employed across various automated Internet of
Things products and devices such as remote controls, automobile engine controls, power tools, office
machines and medical devices.
The internet of things refers to the network of various physical objects using sensors, embedded
actuators, and other devices which can transmit or collect the information about the objects. The data
collected from these devices are analyzed for enhancing the services, products and operations.
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IoT microcontroller is witnessing huge adoption across the several applications including smart
appliances, industrial automation, home automation, smart grids and smart cities. Increasing number of
connected devices globally, has led the significant development of high performance IoT MCU for various
applications. Furthermore, emerging trend of miniaturization of electronic devices is also expected to
spur the market growth.
The IoT implementation is further expected to drive the higher growth in the application-specific
microcontroller units (MCUs). The application-specific MCUs allow the industrial devices and home
appliances to connect to the internet which is further projected to enhance the industry.
Increasing commercialization and frequent innovations for products ranging from advanced medical
monitoring systems to the sensors in automobiles is expected to exhibit higher gains over the forecast
period. Furthermore, growing demand for the automation in downstream industries, deployment of
smart meter across the commercial and residential sectors for observing the consumption of energy is
also anticipated to impact the market in a positive manner.
The IoT Microcontroller is segregated based on the products, applications and region. The
microcontrollers used in the industry are 8-bit, 16-bit and 32-bit and the application of the market are
consumer electronics and home appliances, automotive, industrial automation, and medical. The regions
included are North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The penetration of the 32-bit microcontroller is higher in comparison to 16-bit and 8-bit microcontroller
owing to their higher performance capability, ease of use, static power consumption and higher
processing power than other microcontrollers. The segment is expected to hold the major share, since the
32-bit microcontroller can send real-time sensor data over an IP-based network.
High cost involvement in R&D and huge competition in the industry are projected to hinder the growth of
market. Also, a huge number of startups are expected to enter to the field, since the IoT is a booming
industry, thus further increasing the competition among the industry players.
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Asia Pacific region is anticipated to capture a major share in the market and is also expected to maintain
its dominance during the forecast period. Smart home and consumer electronics sectors are expected to
be the key factors driving the industry. Furthermore, increasing adoption of new technologies by end-
user industries, in the countries such as China and India are also projected to witness growth in the
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