IoT Microcontroller Market Driving Next-Generation Designs of Electronic Devices

Industry Synopsis

The IoT microcontroller market is anticipated to witness the fastest growth rate over the forecast period. An electronic device that connects using internet represents new avenues for developers. Microcontrollers act as minicomputers that are fixed in automated devices and products to boost their performance. Sometimes referred to as a microcontroller unit (MCU) or embedded controllers. For instance, based on revolutionary innovation and proven technology, Atmel ARM® and AVR®-based MCUs deliver an exclusive unification of performance and power efficiency.

This is exclusively found in security systems, smartphones, gaming consoles, televisions, smart meters, tablets, vending machines, robots, mobile radio transceivers, and home appliances. Thus, MCUs ensures security for IoT data and protect the IP that operates the device. This, in turn, will drive overall market growth in the forecast period. Several IoT devices are automatically controlled using embedded controllers as they reduce cost and size of a similar system using different output/microprocessors/input/memory devices.

Rising use of smart meter across several commercial and residential sectors for auditing the total consumption of energy will show a positive impact on overall industry growth. Moreover, rising use of IoT MCU in industrial sector will help to resolve problems including lack of standards, inadequate security, technology barriers, and meagre customer demand. Thus, will propel industrial growth in the near future.

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Factors such as design intricacies in power-critical and high-speed applications will hamper industry growth. Rise in funding activities by government across the globe and rising need for ultra-low-power microcontrollers in automotive industry are expected to create new opportunities in the industry over the forecast period. Power consumption is a major challenge that might conceal the propagation of IoT MCU in the industry.

IoT microcontroller industry is categorized based on products, applications, and regions.

Based on product type, a 32-bit segment is expected to remain dominant over the forecast period on account of its rising use in automatically controlled devices such as office machines, implantable medical devices, and engine control systems. For instance, Atmel/Intel 251 family and PIC3x. Geographically, Asia Pacific is anticipated to witness the fastest growth rate over the forecast period owing to expanding automotive sector in the region.

Prominent manufacturers of the IoT microcontroller market include Texas Instruments, ARM, Microchip Technology, NXP Semiconductors, Broadcom Corporation, Atmel Corporation, and Infineon Technologies. Atmel Corporation segment is anticipated to remain a prominent player in the industry. For instance, Atmel merged with Microchip Technology Inc. to create a key center in the Internet of Things (IoT). The merging between major players will help to create a full-stack silicon house with all the IoT hardware constituents extending from MCU to flash to analog.