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IoT Microcontroller Market Size, Share & Trends Analysis Report by Product (8 Bit, 16 Bit, 32 Bit), Application (Industrial Automation, Smart Homes, Consumer Electronics, Smart Wearables), Region, and Segment Forecasts, 2023-2030

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    Report

  • 134 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5553306
Description Jump to:
The global IoT microcontroller market size is expected to reach USD 12.94 billion by 2030, expanding at a CAGR of 13.9% from 2023 to 2030, according to the report. Increase in adoption of smart home devices integrated with mobile applications and advancements in low power Microcontroller (MCU) are expected to drive the market growth. The surge in the number of enterprise IoT connections across industries such as manufacturing, healthcare, and energy and power is also expected to drive the growth of the market over the forecast period.

Advancements in short-range wireless connectivity such as Zigbee, Bluetooth, and KNX technologies, notably in Europe and North America also expected to drive IoT adoption over the next few years. Advancements in disruptive technologies such as big data analytics, Artificial Intelligence (AI), and industrial IoT are further expected to propel the adoption of IoT-connected devices. Increasing investments through funding in start-ups such as Hypervolt, HIXAA, SmartRent, and other SMEs that help to gain new IoT-based projects in industries likely to create the need for a high-performance, low-power IoT MCUs market over the forecast period.

Key IoT MCU manufacturers such as RENESAS Electric Corporation, NXP Semiconductors, and STMicroelectronics are innovating high-performance MCUs to meet the demand. For instance, in 2022, Renesas Electric Corporation launched the 32-bit RA Family of microcontrollers (MCUs). The launched product is based on the Arm Cortex-M23 core, which offers shallow power consumer MCUs developed explicitly for IoT endpoint applications, including industrial automation, medical devices, intelligent home appliances, and wearables.

The COVID-19 outbreak positively impacted the IoT MCU market in 2020. Government-imposed restrictions and stay-at-home mandates increased the demand for smart wearables, including fitness trackers, health-based wearables, and other consumer IoT devices. Due to a sudden increase in demand for consumer IoT devices and a temporary halt of production units, the market experienced a shortage of MCUs in 2021, creating an imbalance in supply and demand. In light of these factors, device manufacturers are expected to hike the connected product prices in 2022, which is likely to continue until 2023.

IoT Microcontroller Market Report Highlights

  • 32-bit captured more than 47% market share of the overall IoT MCU market in 2022, with the market size expected to register a healthy CAGR over the forecast period. An increase in the adoption of smart utilities and industrial robotics is expected to drive market growth over the forecast period
  • The industrial automation segment dominated the market with a revenue share of 33.1% in 2022. Industrial automation aims to streamline processes, increase operational efficiency, and improve productivity
  • Asia Pacific led the market in 2022, a trend expected to continue over the mid-term. Adding to this, increasing government initiatives to develop innovative and connected infrastructure signifies market growth

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. IoT Microcontroller Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunity Analysis
3.4. IoT Microcontroller Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic Landscape
Chapter 4. IoT Microcontroller Market: Product Estimates & Trend Analysis
4.1. IoT Microcontroller Market: Key Takeaways
4.2. IoT Microcontroller Market: Movement & Market Share Analysis, 2022 & 2030
4.3. 8 Bit
4.3.1. 8 Bit market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. 16 Bit
4.4.1. 16 Bit market estimates and forecasts, 2017 to 2030 (USD Million)
4.5. 32 Bit
4.5.1. 32 Bit market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. IoT Microcontroller Market: Application Estimates & Trend Analysis
5.1. IoT Microcontroller Market: Key Takeaways
5.2. IoT Microcontroller Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Industrial automation
5.3.1. Industrial automation market estimates and forecasts, 2017 to 2030 (USD Million)
5.4. Smart homes
5.4.1. Smart homes market estimates and forecasts, 2017 to 2030 (USD Million)
5.5. Consumer electronics
5.5.1. Consumer electronics market estimates and forecasts, 2017 to 2030 (USD Million)
5.5.2. Smartphones
5.5.1.1 Smartphones market estimates and forecasts, 2017 to 2030 (USD Million)
5.5.3. Wearables
5.5.1.2 Wearables market estimates and forecasts, 2017 to 2030 (USD Million)
5.5.4. Others
5.5.1.3 Others market estimates and forecasts, 2017 to 2030 (USD Million)
5.6. Others
5.6.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. IoT Microcontroller Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. IoT Microcontroller Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4. Europe
6.4.1. UK
6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4.2. Germany
6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5. Asia Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.4. Australia
6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.5.5. South Korea
6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.6. Latin America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.6.2. Mexico
6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7. MEA
6.7.1. Saudi Arabia
6.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7.2. South Africa
6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
6.7.3. UAE
6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Broadcom
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Espressif Systems
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. Holtek Semiconductor Inc.
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Infineon Technologies AG
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Microchip Technology Inc.
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Nuvoton Technology Corporation
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. NXP Semiconductors
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. Silicon Laboratories
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. STMicroelectronics
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
7.2.10. Texas Instruments Incorporated
7.2.10.1. Company overview
7.2.10.2. Financial performance
7.2.10.3. Product benchmarking
7.2.10.4. Strategic initiatives
7.2.11. Renesas Electronics Corporation
7.2.11.1. Company overview
7.2.11.2. Financial performance
7.2.11.3. Product benchmarking
7.2.11.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 North America IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 3 North America IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 4 North America IoT microcontroller market, by region, 2017 to 2030 (USD Million)
Table 5 U.S. IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 6 U.S. IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 7 Canada IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 8 Canada IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 9 Europe IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 10 Europe IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 11 Europe IoT microcontroller market, by region, 2017 to 2030 (USD Million)
Table 12 Germany IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 13 Germany IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 14 UK IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 15 UK IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 16 France IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 17 France IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 18 Asia Pacific IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 19 Asia Pacific IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 20 Asia Pacific IoT microcontroller market, by region, 2017 to 2030 (USD Million)
Table 21 China IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 22 China IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 23 Japan IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 24 Japan IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 25 India IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 26 India IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 27 Australia IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 28 Australia IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 29 South Korea IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 30 South Korea IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 31 Latin America IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 32 Latin America IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 33 Latin America IoT microcontroller market, by region, 2017 to 2030 (USD Million)
Table 34 Brazil IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 35 Brazil IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 36 Mexico IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 37 Mexico IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 38 Middle East and Africa IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 39 Middle East and Africa IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 40 Middle East and Africa IoT microcontroller market, by region, 2017 to 2030 (USD Million)
Table 41 South Africa IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 42 South Africa IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 43 Saudi Arabia IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 44 Saudi Arabia IoT microcontroller market, by application, 2017 - 2030 (USD Million)
Table 45 UAE IoT microcontroller market, by product, 2017 - 2030 (USD Million)
Table 46 UAE IoT microcontroller market, by application, 2017 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 IoT microcontroller market: Market outlook
Fig. 9 IoT microcontroller market: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 IoT microcontroller market driver impact
Fig. 15 IoT microcontroller market restraint impact
Fig. 16 IoT microcontroller market strategic initiatives analysis
Fig. 17 IoT microcontroller market: Product movement analysis
Fig. 18 IoT microcontroller market: Product outlook and key takeaways
Fig. 19 8 Bit market estimates and forecasts, 2017 - 2030
Fig. 20 16 Bit market estimates and forecasts, 2017 - 2030
Fig. 21 32 Bit market estimates and forecasts, 2017 - 2030
Fig. 22 IoT microcontroller market: Application movement analysis
Fig. 23 IoT microcontroller market: Application outlook and key takeaways
Fig. 24 Industrial automation market estimates and forecasts, 2017 - 2030
Fig. 25 Smart homes market estimates and forecasts, 2017 - 2030
Fig. 26 Consumer electronics market estimates and forecasts, 2017 - 2030
Fig. 27 Others market estimates and forecasts, 2017 - 2030
Fig. 28 Global IoT microcontroller market: Regional movement analysis
Fig. 29 Global IoT microcontroller market: Regional outlook and key takeaways
Fig. 30 North America market estimates and forecasts, 2017 - 2030
Fig. 31 U.S. market estimates and forecasts, 2017 - 2030
Fig. 32 Canada market estimates and forecasts, 2017 - 2030
Fig. 33 Europe market estimates and forecasts, 2017 - 2030
Fig. 34 UK market estimates and forecasts, 2017 - 2030
Fig. 35 Germany market estimates and forecasts, 2017 - 2030
Fig. 36 France market estimates and forecasts, 2017 - 2030
Fig. 37 Asia Pacific market estimates and forecasts, 2017 - 2030
Fig. 38 Japan market estimates and forecasts, 2017 - 2030
Fig. 39 China market estimates and forecasts, 2017 - 2030
Fig. 40 India market estimates and forecasts, 2017 - 2030
Fig. 41 Australia market estimates and forecasts, 2017 - 2030
Fig. 42 South Korea market estimates and forecasts, 2017 - 2030
Fig. 43 Latin America market estimates and forecasts, 2017 - 2030
Fig. 44 Brazil market estimates and forecasts, 2017 - 2030
Fig. 45 Mexico market estimates and forecasts, 2017 - 2030
Fig. 46 Middle East and Africa market estimates and forecasts, 2017 - 2030
Fig. 47 Saudi Arabia market estimates and forecasts, 2017 - 2030
Fig. 48 South Africa market estimates and forecasts, 2017 - 2030
Fig. 49 UAE market estimates and forecasts, 2017 - 2030

Companies Profiled

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

Methodology

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About the IoT Microcontroller Market

The IoT Microcontroller market is a subset of the semiconductor industry, focusing on the development and production of microcontrollers for use in the Internet of Things (IoT). These microcontrollers are designed to enable the connection of physical devices to the internet, allowing them to communicate with each other and with other systems. They are used in a wide range of applications, from home automation to industrial automation, and are becoming increasingly important as the IoT continues to expand. The IoT Microcontroller market is highly competitive, with a number of major players offering a range of products. These include companies such as Intel, NXP Semiconductors, STMicroelectronics, Texas Instruments, and Renesas Electronics. Other companies, such as Microchip Technology, Atmel, and Cypress Semiconductor, also offer a range of microcontrollers for use in the IoT. Show Less Read more

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