Global IoT microcontroller market is anticipated to grow at a CAGR of 12.6% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of Internet of Things (IoT) connections in the consumer and enterprise sectors as well as the demand for connected items that are high-performing, low-power, and energy-efficient driving the growth of the market. IoT microcontrollers are employed to control electronic equipment, its low power consumption, cost-effectiveness, and ease of integration into many devices make them an increasingly common choice for Internet of Things (IoT) applications. For instance, in November 2023, Infineon Technologies AG introduced PSoC™ 4000T family of microcontrollers (MCUs). The new MCU family delivers low-power capacitive sensing solutions with signal-to-noise ratio, liquid tolerance, and multi-sense capabilities coupled with reliability and robustness.
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Microcontrollers are designed to advance innovation in smart homes, smart factories, smart cities and across many emerging industrial and IoT edge applications. For instance, in June 2022, NXP Semiconductors introduced a new MCX microcontroller (MCU) portfolio that features four new series of devices, built on a common platform and supported by NXP’s widely adopted MCUXpresso suite of development tools and software to simplify product development. The new MCX microcontroller portfolio, is intended to push innovation in numerous developing industrial and Internet of Things edge applications as well as smart cities, smart factories, and smart homes.
To offer customers in IoT systems intelligent services, microcontrollers are essential. Microcontrollers that possess embedded intelligence have the potential to function as a mediator in facilitating the interconnections among endpoint devices. For instance, in June 2022, Renesas Electronics Corp. launched two new cloud development kits, CK-RA6M5 and CK-RX65N, providing a complete connectivity solution for the RA and RX Families of 32-bit microcontrollers (MCUs). The RYZ014A Cat-M1 module from Renesas, a certified LTE cellular module that enables rapid and secure wireless connection establishment between MCUs and cloud services without the need for a gateway, is a feature unique to the cloud kits.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corp., STMicroelectronics N.V, and Texas Instruments Inc., among others.
Key questions addressed by the report.
Global IoT Microcontroller Market Report Segment
By Product
By Application
Global IoT Microcontroller Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• The Middle East & Africa
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