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IoT Microcontroller Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 146 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5700752

Quick Summary:

In an increasingly interconnected world, the importance of a reliable, comprehensive understanding of the global IoT microcontroller market cannot be overstated. As a substantial component of tech-centered industries, IoT microcontrollers play a crucial role across a variety of sectors - from consumer electronics and automotive to smart homes and healthcare. Armed with this comprehensive report, decision makers will gain an expert, in-depth analysis of the market, which is crucial in making informed strategic decisions.

IoT microcontrollers are particularly attractive due to their scaled-down designs, simplicity, and security, which provide extensive applications in innovative fields such as connected vehicle technology, home and industrial automation. With the accelerating adoption of IoT connections worldwide and the rapid proliferation of smart devices, forecasts point towards significant market growth. The integration of embedded non-volatile memory (eNVM) within IoT microcontrollers is a particular point of interest. Recognizing widespread product utilization across multiple sectors, from power tools to healthcare technology, this report provides a unique perspective on the opportunities within the IoT microcontroller market.

The global IoT microcontroller market size reached US$ 5.3 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 9.9 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.

Internet of Things (IoT) microcontrollers are small, self-contained control units incorporated in a single integrated circuit (IC). They are widely used in smartphones, remote controls, office machines, medical devices, industrial equipment, warehouse inventory items, wearable devices, and home appliances. IoT microcontrollers require minimum programming, are easy to interface with external devices, and offer enhanced security. They are scaled-down computers that provide processing power, memory, and input and output peripherals. As a result, IoT microcontrollers find extensive applications across the consumer electronics, automotive, industrial, smart homes, and healthcare industries.

IoT Microcontroller Market Trends:

The increasing adoption of IoT connections across the globe, coupled with the rapid proliferation of smart devices, is one of the key factors favoring the market growth. IoT microcontroller is widely used in smartphones, wearables, thermostats, lights, speakers, and refrigerators due to their relative simplicity, increased inherent security, and minimal cost. Furthermore, the widespread product utilization in the automotive industry for connected vehicle technology that relies on sensors, antennas, communication devices, smart engine controls, and embedded software is providing a considerable boost to the market growth. Additionally, the integration of embedded non-volatile memory (eNVM) in IoT microcontrollers for high-end applications, as it helps lower power consumption and provides higher speed, better endurance, and increased efficiency, is creating a positive outlook for the market. Moreover, the rising product utilization for home and industrial automation, such as power tools, office machines, smart mirrors, heating systems, security alarms, smart meters, kitchen appliances, and entertainment systems, is providing an impetus to the market growth. Other factors, including significant advancements in the IoT technology, rising product utilization in the healthcare industry, rapid installation of smart meters to monitor overall electrical energy consumption, and increasing adoption of cloud, big data, and virtualization, are anticipated to drive the market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global IoT microcontroller market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.

Breakup by Product:

  • 8 Bit
  • 16 Bit
  • 32 Bit

Breakup by Application:

  • Industrial Automation
  • Smart Homes
  • Consumer Electronics
  • Smartphones
  • Wearables
  • Others
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc, Espressif Systems, Holtek Semiconductor Inc., Infineon Technologies, Intel Corporation, Microchip Technology Inc., Nuvoton Technology Corporation, NXP Semiconductors, Renesas Electronics Corporation, Silicon Laboratories, STMicroelectronics and Texas Instruments Incorporated.

Key Questions Answered in This Report

1. What was the size of the global IoT microcontroller market in 2022?
2. What is the expected growth rate of the global IoT microcontroller market during 2023-2028?
3. What are the key factors driving the global IoT microcontroller market?
4. What has been the impact of COVID-19 on the global IoT microcontroller market?
5. What is the breakup of the global IoT microcontroller market based on the product?
6. What is the breakup of the global IoT microcontroller market based on the application?
7. What are the key regions in the global IoT microcontroller market?
8. Who are the key players/companies in the global IoT microcontroller market?
Frequently Asked Questions about the Global IoT Microcontroller Market

What is the estimated value of the Global IoT Microcontroller Market?

The Global IoT Microcontroller Market was estimated to be valued at $5.3 Billion in 2022.

What is the growth rate of the Global IoT Microcontroller Market?

The growth rate of the Global IoT Microcontroller Market is 11.0%, with an estimated value of $9.9 Billion by 2028.

What is the forecasted size of the Global IoT Microcontroller Market?

The Global IoT Microcontroller Market is estimated to be worth $9.9 Billion by 2028.

Who are the key companies in the Global IoT Microcontroller Market?

Key companies in the Global IoT Microcontroller Market include Broadcom Inc, Espressif Systems, Holtek Semiconductor Inc., Infineon Technologies, Intel Corporation, Microchip Technology Inc., Nuvoton Technology Corporation, NXP Semiconductors, Renesas Electronics Corporation and Silicon Laboratories.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global IoT Microcontroller Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 8 Bit
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 16 Bit
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 32 Bit
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Industrial Automation
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Smart Homes
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Consumer Electronics
7.3.1 Market Trends
7.3.2 Key Segments
7.3.2.1 Smartphones
7.3.2.2 Wearables
7.3.2.3 Others
7.3.3 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Broadcom Inc
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Espressif Systems
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Holtek Semiconductor Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 Infineon Technologies
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Intel Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Microchip Technology Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Nuvoton Technology Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 NXP Semiconductors
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Renesas Electronics Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Silicon Laboratories
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.11 STMicroelectronics
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Texas Instruments Incorporated
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: IoT Microcontroller Market: Major Drivers and Challenges
Figure 2: Global: IoT Microcontroller Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: IoT Microcontroller Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: IoT Microcontroller Market: Breakup by Product (in %), 2022
Figure 5: Global: IoT Microcontroller Market: Breakup by Application (in %), 2022
Figure 6: Global: IoT Microcontroller Market: Breakup by Region (in %), 2022
Figure 7: Global: IoT Microcontroller (8 Bit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: IoT Microcontroller (8 Bit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: IoT Microcontroller (16 Bit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: IoT Microcontroller (16 Bit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: IoT Microcontroller (32 Bit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: IoT Microcontroller (32 Bit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: IoT Microcontroller (Industrial Automation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: IoT Microcontroller (Industrial Automation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: IoT Microcontroller (Smart Homes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: IoT Microcontroller (Smart Homes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: IoT Microcontroller (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: IoT Microcontroller (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: IoT Microcontroller (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: IoT Microcontroller (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: United States: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: United States: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Canada: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Canada: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Asia-Pacific: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Asia-Pacific: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: China: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: China: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Japan: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Japan: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: India: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: India: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: South Korea: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: South Korea: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Australia: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Australia: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Indonesia: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Indonesia: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Others: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Others: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Europe: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Europe: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Germany: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Germany: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: France: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: France: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United Kingdom: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United Kingdom: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Italy: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Italy: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Spain: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Spain: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Russia: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Russia: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Latin America: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Latin America: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Brazil: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Brazil: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Mexico: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Mexico: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Middle East and Africa: IoT Microcontroller Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Middle East and Africa: IoT Microcontroller Market: Breakup by Country (in %), 2022
Figure 69: Middle East and Africa: IoT Microcontroller Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Global: IoT Microcontroller Industry: SWOT Analysis
Figure 71: Global: IoT Microcontroller Industry: Value Chain Analysis
Figure 72: Global: IoT Microcontroller Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: IoT Microcontroller Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: IoT Microcontroller Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: IoT Microcontroller Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: IoT Microcontroller Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: IoT Microcontroller Market: Competitive Structure
Table 6: Global: IoT Microcontroller Market: Key Players

Companies Mentioned

  • Broadcom Inc
  • Espressif Systems
  • Holtek Semiconductor Inc.
  • Infineon Technologies
  • Intel Corporation
  • Microchip Technology Inc.
  • Nuvoton Technology Corporation
  • NXP Semiconductors
  • Renesas Electronics Corporation
  • Silicon Laboratories
  • STMicroelectronics
  • Texas Instruments Incorporated

Methodology

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