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Global IoT Microcontroller Market Expected to Grow at 16.06% CAGR to 2024
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The IoT Microcontroller Market estimated to expand from $1977 million in 2016 to $6490 million by 2024, at a CAGR of 16.06% during the forecast period. Expansion of internet of things market and increasing demand for automation across end-user industries are the primary drivers for the global IoT Microcontroller market.
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The IoT Microcontroller market is segmented into Application, Type, and Geography. The IoT Microcontroller market on the basis of the application is segmented into Consumer Electronics and Home Appliances, Automotive, Industries (Including Smart Home), Medical, Security Id and Solar PV and Smart Grid.
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The IoT Microcontroller market is segmented on the basis of type into 8-BIT MCU, 16-BIT MCU, and 32-BIT MCU. On the basis of geography, the IoT Microcontroller market is segmented into North America, Asia-Pacific, and Europe. The introduction of smartphones and increasing demand for automation in the various end-user industries and the expansion of the internet of things market are the market drivers for the growth of IoT Microcontroller market.
Asia-Pacific IoT Microcontroller market is anticipated to hold the largest market share by the end of the forecast period. North America IoT Microcontroller market are estimated to be the largest developing market. The demand for automation in various end-user industries is creating scope for driving the market growth. Europe IoT Microcontroller market is anticipated to expand during the forecast period.
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Market Driver Analysis
Rise In the Internet of Things Market
Introduction of Smartphones
Rising Demand For Automation Across End-User Industries
Key Opportunities: Increasing Demand In Asia Pacific
List of Figures
Figure 1 Revenue Growth of Global Iot Microcontroller Market 2017-2024($ Million)
Figure 2 Global Internet of Things Microcontroller Market By Geography 2016 and 2024 (%)
Figure 3 Iot Application In Various Sectors, Product Examples.
Figure 4 Global Smartphone Users 2015-2019 (Million)
Figure 5 Comparison of Global Smartphones Sales 2017 (Millions of Units)
Figure 6 Rising Asian Middle-Class Consumer Spending 2013-2030
Figure 7 Iot Market By Application In 2016 (%)
Figure 8 Projected New Adoption of Connected Technology By Consumers (%)
Figure 9 Global Iot Microcontroller (Mcu) Market By Consumer Electronics and Home Appliances 2017-2024 ($ Million)
Figure 10 Automotive Iot Phases
Figure 11 Global Iot Microcontroller (Mcu) Market By Automotive 2017-2024 ($ Million)
Figure 12 Global Iot Microcontroller (Mcu) Market By Industries (Including Smart Home) 2017-2024 ($ Million)
Figure 13 Key Areas of Iot In Oil and Gas Industry In 2016
Figure 14 An Internet of Things (Iot) Application: Smart Life Scenario
Figure 15 Global Iot Microcontroller (Mcu) Market By Medical 2017-2024 ($ Million)
Figure 16 Global Iot Microcontroller (Mcu) Market By Security 2017-2024 ($ Million) and more..
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