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Global IoT Microcontroller Market Size, Share, Forecast: By Product: 8 Bit, 16 Bit, 32 Bit; By Application: Smart Homes, Industrial Automation, Consumer Electronics; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global IoT Microcontroller Market Outlook
The global IoT microcontroller market size was approximately USD 6.54 billion in 2023. The market is further projected to grow at a CAGR of 9.4% between 2024 and 2032, reaching a value of around USD 15.04 billion by 2032.
Key Trends in the Market
Microcontrollers or small computer chips are widely used in IoT for controlling and monitoring various systems and devices. Microcontrollers are incorporated in actuators, sensors, and several other electronic components. They are an integral part of IoT systems and help collect, process, and transfer sensor data using wired or wireless communication protocols to other systems.
- The growing adoption of streaming services, artificial intelligence (AI), and the expansion of digital content across the globe is contributing to a massive surge in the development and use of cloud infrastructures. The increasing use of connected devices for homes and efficient services is driving the IoT microcontroller market demand.
- The rising concerns regarding security with the increasing number of connected devices are leading to the integration of hardware-based security features in microcontrollers. These security features such as cryptographic accelerators, secure boot, and hardware random number generators protect data and guarantee the integrity of communications.
- Microcontrollers are being designed with higher power efficiency, enabling IoT devices to operate for longer periods. Microcontrollers offer low-power operation modes that enable the conservation of energy. The optimisation of power consumption ensures the operation of devices even in remote or hard-to-reach areas.
IoT Microcontroller Market Segmentation
Based on product, the market is segmented into 8 Bit, 16 Bit, and 32 Bit. On the basis of application, the market can be bifurcated into smart homes, industrial automation, and consumer electronics, among others. The major regional markets for IoT microcontroller are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global IoT microcontroller market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Qualcomm Incorporated
- Intel Corporation
- Microchip Technology Inc.
- STMicroelectronics N.V.
- Texas Instruments Incorporated
- NXP Semiconductors N.V.
- Infineon Technologies AG
- Renesas Electronics Corporation
- Holtek Semiconductor Inc.
- Silicon Laboratories Inc.
- Others
Market Share by Application
As per the IoT microcontroller market analysis, industrial automation is gaining traction and is being fuelled by the rising demand for improved productivity, efficiency, and cost reduction. Currently, more than 380,000 robots are incorporated in factories across the globe. Furthermore, the automotive sector is considered the largest user of robotic equipment, constituting about 70% of the sector.
With the evolution of technology, homes are being increasingly connected, providing various benefits like conveniences. IoT is considered the backbone of smart homes. It connects various devices in homes such as smartphones to the thermostat, and voice assistants to the doorbell, among others, hence improving their overall efficiency.
Market Share by Region
The Asia Pacific represents a considerable portion of the IoT microcontroller market share. The growing economies of China and India are witnessing a transition towards automated industrial operations, and increasing use of electronic devices such as smartphones, and wearables. The presence of favourable government initiatives such as Made in China (MIC) 2025 and, the Production Linked Incentive (PLI) scheme in India is contributing to the expansion of automation in manufacturing and industrial sectors, boosting the demand for IoT microntrollers.
China, a global electronics manufacturing hub, currently assembles more than half the mobile phones, a majority of printed circuit boards, and two-fifths of all semiconductors globally. The expansion of the consumer electronics sector in China is further aiding the IoT microcontroller market growth.
Competitive Landscape
Renesas Electronics Corporation is a Japanese company engaged in providing microcontrollers, analogue, power, and SoC products for a wide range of applications, including automotive, industrial, home electronics, office automation, and information communication technology. The Renesas RA microcontroller kit helps users develop sophisticated IoT and embedded systems applications.
Holtek Semiconductor Inc., established in 1998, is a prominent manufacturer of professional micro-controller IC design. The company specialises in the design, development, and sales of 8-bit and 32-bit MCU ICs and peripherals. The company offers its solutions to various sectors, including voice, communications, computer peripherals, home appliances, health measurement, automotive, industrial control, and security surveillance.
NXP Semiconductors N.V., headquartered in the Netherlands, is a renowned provider of embedded controllers for both the industrial and consumer markets. NXP provides a wide portfolio of 8-, 16- and 32-bit platforms with significant edge low-power, analogue, control and communications IP. The company has operations in more than 30 countries globally, with about 34,000 employees.
Other players operating in the IoT microcontroller market include Qualcomm Incorporated, Intel Corporation, Microchip Technology Inc., STMicroelectronics N.V., Texas Instruments Incorporated, Infineon Technologies AG, and Silicon Laboratories Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global IoT Microcontroller Market Analysis
8.1 Key Industry Highlights
8.2 Global IoT Microcontroller Historical Market (2018-2023)
8.3 Global IoT Microcontroller Market Forecast (2024-2032)
8.4 Global IoT Microcontroller Market by Product
8.4.1 8 Bit
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 16 Bit
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 32 Bit
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global IoT Microcontroller Market by Application
8.5.1 Smart Homes
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial Automation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Consumer Electronics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.3.3 Breakup by Type
8.5.3.3.1 Wearables
8.5.3.3.2 Smartphones
8.5.3.3.3 Others
8.5.4 Others
8.6 Global IoT Microcontroller Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America IoT Microcontroller Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe IoT Microcontroller Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific IoT Microcontroller Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America IoT Microcontroller Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa IoT Microcontroller Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Qualcomm Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Intel Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Microchip Technology Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 STMicroelectronics N.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Texas Instruments Incorporated
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 NXP Semiconductors N.V.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Infineon Technologies AG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Renesas Electronics Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Holtek Semiconductor Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Silicon Laboratories Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global IoT Microcontroller Market: Key Industry Highlights, 2018 and 2032
2. Global IoT Microcontroller Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global IoT Microcontroller Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global IoT Microcontroller Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global IoT Microcontroller Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global IoT Microcontroller Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global IoT Microcontroller Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America IoT Microcontroller Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America IoT Microcontroller Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe IoT Microcontroller Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe IoT Microcontroller Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific IoT Microcontroller Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific IoT Microcontroller Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America IoT Microcontroller Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America IoT Microcontroller Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa IoT Microcontroller Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa IoT Microcontroller Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global IoT Microcontroller Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 6.54 billion.
The market is projected to grow at a CAGR of 9.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 15.04 billion by 2032.
The major drivers of the market include increasing industrial automation, rising use production and consumption of consumer electronics, and the growing importance of connectivity and cloud infrastructure.
The key trends in the market include the rising demand for smart homes and wearables, the surging development of rugged and highly robust industrial MCUs, and increasing security concerns.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different applications are smart homes, industrial automation, and consumer electronics among others.
The key players in the market are Qualcomm Incorporated, Intel Corporation, Microchip Technology Inc., STMicroelectronics N.V., Texas Instruments Incorporated, NXP Semiconductors N.V., Infineon Technologies AG, Renesas Electronics Corporation, Holtek Semiconductor Inc., and Silicon Laboratories Inc., among others.
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