The Asia Pacific IoT Microcontroller Market is expected to witness market growth of 13.5% CAGR during the forecast period (2022-2028).
The key element that is estimated to drive microcontroller demand at an exponential rate in the next years is rapid improvements in the Internet of Things (IoT) application in order to supply technologically enhanced smart products to various consumers. Moreover, the increased requirement for automation in various application segments is expected to also boost the demand for smart devices. This, in turn, is expected to have a beneficial impact on the microcontroller market. The demand for high-performance, low-power, and energy-efficient connected products, as well as the growing number of IoT connections in the consumer and enterprise sectors, are some of the key factors driving the market growth. Additionally, in high-end applications like smart utilities, industrial automation, and smart transportation, the growing popularity of embedded Non-Volatile Memory (eNVM) solutions across System-in-Package (SiP) is projected to augment the growth of the IoT microcontroller market in the coming years.
The rapidly rising demand for microcontrollers is majorly owing to the increasing technological advancement in the automotive industry. In the automotive industry, microcontrollers are required especially in interactive safety systems and vehicle connectivity systems, and hence drive the market demand of this region during the forecast period. Rapid advancements are taking place in the automotive industry in this region in terms of vehicle connectivity and interactive safety system is anticipated to support the demand of IoT microcontroller extensively in the coming years. In addition, increasing demand for various consumer electronic devices such as smart phones, tablets, smart television and smart watches among others is also predicted to propel the utilization of microcontroller in this region.
The China market dominated the Asia Pacific IoT Microcontroller Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,114.8 million by 2028. The Japan market is anticipated to grow at a CAGR of 12.8% during (2022-2028). Additionally, The India market is expected to exhibit a CAGR of 14.3% during (2022-2028).
Based on Type, the market is segmented into 32-bit, 16-bit, and 8-bit. Based on Application, the market is segmented into Consumer Electronics (Smartphones, Wearables, and Others), Industrial Automation, Smart Homes, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Silicon Laboratories, Inc., Espressif Systems Shanghai Co Ltd., Holtek Semiconductor, Inc., Renesas Electronics Corporation, STMicroelectronics N.V., Infineon Technologies AG, Texas Instruments, Inc., NXP Semiconductors N.V., Nuvoton Technology Corporation, and Microchip Technology, Inc.
By Type
By Country
The key element that is estimated to drive microcontroller demand at an exponential rate in the next years is rapid improvements in the Internet of Things (IoT) application in order to supply technologically enhanced smart products to various consumers. Moreover, the increased requirement for automation in various application segments is expected to also boost the demand for smart devices. This, in turn, is expected to have a beneficial impact on the microcontroller market. The demand for high-performance, low-power, and energy-efficient connected products, as well as the growing number of IoT connections in the consumer and enterprise sectors, are some of the key factors driving the market growth. Additionally, in high-end applications like smart utilities, industrial automation, and smart transportation, the growing popularity of embedded Non-Volatile Memory (eNVM) solutions across System-in-Package (SiP) is projected to augment the growth of the IoT microcontroller market in the coming years.
The rapidly rising demand for microcontrollers is majorly owing to the increasing technological advancement in the automotive industry. In the automotive industry, microcontrollers are required especially in interactive safety systems and vehicle connectivity systems, and hence drive the market demand of this region during the forecast period. Rapid advancements are taking place in the automotive industry in this region in terms of vehicle connectivity and interactive safety system is anticipated to support the demand of IoT microcontroller extensively in the coming years. In addition, increasing demand for various consumer electronic devices such as smart phones, tablets, smart television and smart watches among others is also predicted to propel the utilization of microcontroller in this region.
The China market dominated the Asia Pacific IoT Microcontroller Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,114.8 million by 2028. The Japan market is anticipated to grow at a CAGR of 12.8% during (2022-2028). Additionally, The India market is expected to exhibit a CAGR of 14.3% during (2022-2028).
Based on Type, the market is segmented into 32-bit, 16-bit, and 8-bit. Based on Application, the market is segmented into Consumer Electronics (Smartphones, Wearables, and Others), Industrial Automation, Smart Homes, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Silicon Laboratories, Inc., Espressif Systems Shanghai Co Ltd., Holtek Semiconductor, Inc., Renesas Electronics Corporation, STMicroelectronics N.V., Infineon Technologies AG, Texas Instruments, Inc., NXP Semiconductors N.V., Nuvoton Technology Corporation, and Microchip Technology, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- 32-bit
- 16-bit
- 8-bit
- Consumer Electronics
- Smartphones
- Wearables
- Others
- Industrial Automation
- Smart Homes
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Silicon Laboratories, Inc.
- Espressif Systems Shanghai Co Ltd.
- Holtek Semiconductor, Inc.
- Renesas Electronics Corporation
- STMicroelectronics N.V.
- Infineon Technologies AG
- Texas Instruments, Inc.
- NXP Semiconductors N.V.
- Nuvoton Technology Corporation
- Microchip Technology, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific IoT Microcontroller Market by Type
Chapter 5. Asia Pacific IoT Microcontroller Market by Application
Chapter 6. Asia Pacific IoT Microcontroller Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Silicon Laboratories, Inc.
- Espressif Systems Shanghai Co Ltd.
- Holtek Semiconductor, Inc.
- Renesas Electronics Corporation
- STMicroelectronics N.V.
- Infineon Technologies AG
- Texas Instruments, Inc.
- NXP Semiconductors N.V.
- Nuvoton Technology Corporation
- Microchip Technology, Inc.
Methodology
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