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Internet of things (IoT) microcontrollers market forecast to 2022 scrutinized in new research

Internet of Things (IoT) refers to a network of different physical objects including electronic devices, automobiles, buildings and other objects equipped with the IoT network component.

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The concept of IoT works on the principle of connecting various objects that can be assigned with an internet protocol (IP) address.

Basic components of the IoT network such as sensing devices are based upon microcontroller platforms for connectivity and data collection. This makes IoT microcontrollers among the most important aspects of the overall IoT industry.

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The rising IoT trend worldwide is the most significant factor fueling the IoT microcontroller market growth. IoT is witnessing strong adoption across various applications such as industrial automation, smart appliances, smart grids, home automation and smart cities among others.

With the rising number of connected devices globally, it becomes highly essential to develop high performance microcontrollers for different IoT applications. Considering the adoption rate of IoT services, various companies worldwide have already begun developing high performance IoT microcontrollers.

Another major factor pushing the market growth is the growing miniaturization of electronic devices.

Competitive Insights:
The global IoT microcontroller market is highly competitive in nature with numerous technology giants trying to increase their footprint in the market. The IoT microcontroller market is highly technology driven and is mainly pushed by the rising number of connected devices.

Due to high potential in the overall IoT industry, microcontroller manufacturers are focusing towards supplying advanced microcontroller solutions specifically for IoT applications.
Mergers and acquisition are among the most prominent trends adopted by the companies in order to gain a competitive edge in the market. One of the most significant instance is the acquisition of Atmel Corporation, a U.S.

based microcontroller manufacturer by Microchip Technology, Inc., another U.S. based microcontroller manufacturer.

Another major instance is the acquisition of Itseez, Inc. by Intel Corporation. With headquarters in the U.S., Itseez, Inc.

is software vendor engaged in developing applications and algorithms for embedded hardware used in IoT and automotive applications.

Key Trends:
• Focus on development of advanced (low-power and ultra-low-power) IoT microcontrollers
• Emphasis on specific IoT applications (especially automotive, healthcare, consumer electronics.)
• Rising penetration of connected devices
• Acquisition and partnerships for entering/strengthening the position in the market

Global Internet Of Things (IOT) Microcontrollers Market: Regional Segment Analysis
North America
Europe
China
Japan
Southeast Asia
India

The Major players reported in the market include:
Atmel Corporation
Broadcom Corporation
Espressif Systems
Holtek Semiconductor
Infineon Technologies
Microchip Technology
Nuvoton Technology Corporation
NXP Semiconductors
Silicon LaboratoriesReasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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