Global IoT Microcontroller (MCU) Market Growth 2023-2029

Global IoT Microcontroller (MCU) Market Growth 2023-2029

A microcontroller (MCU for microcontroller unit) is a small computer on a single metal-oxide-semiconductor (MOS) integrated circuit chip. In modern terminology, it is similar to, but less sophisticated than, a system on a chip (SoC); a SoC may include a microcontroller as one of its components. A microcontroller contains one or more CPUs (processor cores) along with memory and programmable input/output peripherals. Program memory in the form of ferroelectric RAM, NOR flash or OTP ROM is also often included on chip, as well as a small amount of RAM. Microcontrollers are designed for embedded applications, in contrast to the microprocessors used in personal computers or other general purpose applications consisting of various discrete chips. At present, microcontroller is employed substantially across many automated Internet of Things products and devices such as power tools, remote controls, office machines, automobile engine controls, and medical devices.
LPI (LP Information)' newest research report, the “IoT Microcontroller (MCU) Industry Forecast” looks at past sales and reviews total world IoT Microcontroller (MCU) sales in 2022, providing a comprehensive analysis by region and market sector of projected IoT Microcontroller (MCU) sales for 2023 through 2029. With IoT Microcontroller (MCU) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT Microcontroller (MCU) industry.
This Insight Report provides a comprehensive analysis of the global IoT Microcontroller (MCU) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IoT Microcontroller (MCU) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global IoT Microcontroller (MCU) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT Microcontroller (MCU) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IoT Microcontroller (MCU).
The global IoT Microcontroller (MCU) market size is projected to grow from US$ 3385.7 million in 2022 to US$ 7355.8 million in 2029; it is expected to grow at a CAGR of 7355.8 from 2023 to 2029.
Global IoT Microcontroller (MCU) key players include NXP Semiconductors, Microchip Technology, Renesas Electronics, Silicon Laboratories, STMicroelectronics, etc. Global top five manufacturers hold a Production Share over 55%. North America accounts for the most Production Market Share, which have a share over 40%, followed by Europe. In terms of product, 32 bit is the largest segment, with a Production Share over 50%. And in terms of application, the largest application is Consumer Electronics, followed by Smart Homes.
This report presents a comprehensive overview, market shares, and growth opportunities of IoT Microcontroller (MCU) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
8 bit MCU
16 bit MCU
32 bit MCU
Segmentation by application
Consumer Electronics
Automotive
Healthcare
Industrial
Smart Homes
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NXP Semiconductors
Microchip Technology
Renesas Electronics
Silicon Laboratories
STMicroelectronics
Infineon Technologies
Texas Instruments
Maxim Integrated (Analog Devices)
Nuvoton
GigaDevice
Qingdao Eastsoft

Key Questions Addressed in this Report
What is the 10-year outlook for the global IoT Microcontroller (MCU) market?
What factors are driving IoT Microcontroller (MCU) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do IoT Microcontroller (MCU) market opportunities vary by end market size?
How does IoT Microcontroller (MCU) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.