Rising demand for automation across end-users industries, growth in demand for wearable healthcare devices and other consumer electronics is driving the market.

The global IoT MCU Market is forecasted to reach USD 5.93 Billion by 2028, according to a new report by Reports and Data. The major factors attributed to the growth of the market are the rising demand for automation across end-users industries, growth in demand for wearable healthcare devices and other consumer electronics and advancement of IoT.

APAC is expected to hold the largest market and is forecasted to reach USD 1.61 Billion in 2028, at the highest CAGR of 15.28% during the forecast period followed by North America. This is mainly accredited to advancement in technology innovation and increasing adoption of the automation technologies in various industry verticals. Major application for industrial control and factory automation in Asia Pacific are oil & gas, semiconductor, electronics, automotive, chemicals, water and food. China is one of the primary players of this region for automation market. China has been working on developing more innovative industrial practice by implementing automated technologies in manufacturing sector.

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Market Overview:

The information and communication technology sector has grown significantly over the recent years owing to rapid advancements in ICT sector, introduction of innovative tools and techniques, and rising demand for advanced products. There has been rapid increase in demand for ICT services in various sectors including hospitals, corporates, multinational companies owing to rising concerns about data security and managing large database. Factors such as rapid adoption of digitalization, increasing demand for smart devices and consumer electronics such as mobiles, tablets, laptops, rising number of users, and growing demand for wireless networks are expected to fuel market revenue growth during the forecast period. In addition, increasing investments for developing advanced products, rising need for large data management, and increasing adoption of IoT and cloud based services is expected to boost market growth going ahead.

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Competitive landscape: 

The global IoT MCU market is extremely competitive and comprise of various key players operating at regional and global levels. These key players are involved in adopting various strategies such as partnerships, new product launches, collaborations, mergers and acquisitions to gain robust footing in the market and enhance their product base. The report offers details about every player in the global IoT MCU market including financial standing, global positioning, R&D investments, license agreement, and product services. Some of the leading players are listed below:

NXP Semiconductors N.V., Infineon Technologies AG, STMicroelectronics N.V., Microchip Technologies Inc., Cypress Semiconductor Corporation, Broadcom Inc., Maxim Integrated Inc., Silicon Laboratories Inc., Renesas Electronic Corporation, Holtek Semiconductors, Toshiba, Panasonic Corporation, Nuvoton Technology Corporation and others.

Global IoT MCU market segmentation:

IoT MCU Type Outlook (Revenue, USD Million; 2020-2028)

  • 4-Bit
  • 8-Bit
  • 16-Bit
  • 32-Bit

IoT MCU Application Outlook (Revenue, USD Million; 2020-2028)

  • Industrial Automation
  • Smart Home
  • Consumer Electronics
  • Automotive
  • Others (Security, Surveillance and Medical Devices)

Regional Outlook:

·       North America

o   U.S.

o   Canada

o   Mexico

·       Europe

o   Germany

o   Italy

o   U.K.

o   Rest of EU

·       Asia Pacific

o   India

o   China

o   Japan

o   South Korea

o   Rest of APAC

·       Latin America

o   Brazil

o   Argentina

o   Rest of Latin America

·       Middle East & Africa

o   Saudi Arabia

o   South Africa

o   U.A.E

o   Rest of MEA

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