The IoT microcontroller market is anticipated to reach over USD 5,170 million by 2026 according to a new research published by Polaris Market Research. In 2017, the 32 bit microcontroller segment dominated the global IoT microcontroller market, in terms of revenue. North America was the leading contributor to the global market revenue in 2017.
The growing penetration of mobile devices, and increasing adoption of IoT has primarily driven the growth of the IoT microcontroller market. The rising adoption of virtualization, cloud, and big data analytics has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing automation across diverse industries would accelerate the growth of the IoT Microcontroller market during the forecast period. However, high power consumption, security and privacy concerns, and lack of standardization hinder the market growth. Growing demand from emerging economies, ad technological advancements are expected to provide numerous growth opportunities in the coming years.
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North America generated the highest revenue in the market in 2017. The increase in industrial automation, and growing number of mobile devices drive the market growth. The growing trend of BYOD, IoT, big data analytics, and virtualization increases the demand for IoT microcontroller in the region. The growing penetration of mobile devices, and technological advancements further support IoT microcontroller market growth in the region. The increasing spending on smart homes and smart cities in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing automation of industrial processes across various industries in the developing countries of the region.
The companies operating in the market include Infineon Technologies, Broadcom Corporation, Microchip Technology, Fujitsu Ltd, Holtek Semiconductor, Silicon Laboratories, Inc, Texas Instruments, NXP Semiconductors N.V, Atmel Corporation, and Espressif Systems Pte. Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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IoT Microcontroller Market – OverviewThe global IoT Microcontroller market is projected to witness a rapid growth during the forecast period.
By product type segment, the 32-bit IoT microcontroller held the largest market share owing to the extensive use of 32-bit IoT microcontroller across various IoT applications due to its high RAM size and better performance.The global IoT microcontroller market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Technologically advanced industries and demand for the connected device are aiding the market growth.
The U.S. is anticipated to drive the growth of the IoT Microcontroller Market, owing to the presence of large number of established key players, such as Atmel (U.S), Freescale (U.S.), Texas Instruments (U.S), Microchip Technology (U.S.), Intel Corporation (U.S.) and othersIn the global IoT microcontroller market, Asia Pacific is anticipated to demonstrate the highest CAGR during the forecast period as compared to other regions, owing to rising adoption of advanced technologies in the industrial sector, particularly in the emerging economies of India and China.The global IoT microcontroller market is projected to reach USD 4 billion at a CAGR of over 12% by the end of the forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “IoT Microcontroller Market Research Report-Forecast to 2023”.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5888Key Players:Some of the prominent players in the global IoT microcontroller market are Atmel (U.S), Freescale (U.S.), Infineon (Germany), ST Microelectronics (Switzerland), Texas Instruments (U.S), Fujitsu Ltd (Japan), Microchip Technology (U.S.), Samsung Group (South Korea), Intel Corporation (U.S.) are among others.IoT Microcontrollers Marketing: Segmental AnalysisThe global IoT microcontroller market is segmented into product type and application.
The product type segment consists of 8 bit, 16 bit, and 32 bit IoT microcontrollers.
The global IoT microcontroller (MCU) market is estimated to touch US$ 3.56 Billion by the completion of the prediction period.
The placement of smart meter through a number of commercial and housing segments for carefully observing the entire ingestion of energy, additionally estimated to take an optimistic influence on the development of the international market of IoT Microcontroller in the coming up years.Yet, the power that used up by these microcontrollers is tremendously high.
Therefore obstructing the development of the market to more or less degree.
Emerging areas, estimated to present companies operating in the market, to enhance their base of customer and manufacturing divisions simultaneously.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/iot-microcontroller-market/request-sampleThe Internet of Things (IOT) Microcontroller market on the source of Type of Application could span Consumer Electronics, Industrial Automation, Smart Home, and Others.
The IoT Microcontroller (MCU) market on the source of Type of Product spans 32-bit, 16-bit,8-bit.The infiltration of 32-bit microcontrollers is greater as equated with16 and 8-bit microcontrollers in the applications of internet of things.The subdivision was responsible for more than 30% stake of the general market during the year 2014.
These processors deliver output of the data, interpretation devices, and direct actual instrument data above an IP- centered grid.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
