The global Arduino Compatible Market is estimated to be valued at US$ 1.35 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Arduino compatible boards are small microcontroller boards used to develop various electronic projects and interactive object. They are generally inexpensive and are easy to use which have made them very popular among hobbyists, students, artists, hobbyists, and professionals. Arduino compatible boards provides various advantages such as open-source platform, easy programming, portability and flexibility for different applications. The rising adoption of IoT across various industries is propelling the demand for Arduino compatible boards.
Market Overview:
Arduino compatible boards are microcontroller boards based on 8-bit Atmel AVR or 32-bit ARM microcontrollers. They can sense the environment by receiving input from a variety of sensors and can affect their surroundings by controlling lights, motors, and other actuators. They are programmable with the Arduino programming language (based on Wiring) and the Arduino IDE.
Market key trends:
One of the key trend in Global Arduino Compatible Market Size is growing adoption of wireless connectivity options. Arduino compatible boards are increasingly being equipped with wireless functionality such as Wi-Fi, Bluetooth and Zigbee radios to enable wireless communication. This is allowing devices based on Arduino boards to connect, communicate and transmit data wirelessly. The increasing demand for wireless connectivity in IoT applications is fueling the adoption of wireless Arduino boards. This is significantly boosting the growth of Arduino compatible market.
Segment Analysis
The Arduino compatible market is segmented into hardware and software. The hardware segment dominates the market due to the high penetration of Arduino boards and modules in industrial automation, prototyping, robotics, and education sectors. Within hardware, Arduino boards contribute the largest revenue share as they form the backbone of various electronic projects and provide an easy-to-use development platform.
Key Takeaways
The global Arduino compatible market is expected to witness high growth, exhibiting CAGR of 12 percent over the forecast period, due to increasing adoption in IoT applications and growing proliferation of microcontrollers in electronics.
The Asia Pacific region is expected to be the fastest growing as well as the dominating region in the global Arduino compatible market over the forecast period due to rapid industrialization and growing electronics sector in emerging economies such as China and India.
Key players operating in the Arduino compatible market are Arduino, Adafruit, SparkFun, Seeed Studio, Microchip, NXP Semiconductors, STMicroelectronics, Texas Instruments, Cypress Semiconductor, Silicon Labs, Renesas Electronics, Infineon Technologies, Maxim Integrated, ON Semiconductor, Microchip Technology, Semtech, Analog Devices, ROHM Semiconductor, FTDI Chip, and Intel. Arduino and Microchip have been the early adopters and dominate the market due to their strong product portfolio and broader customer base.
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Young and aspiring coders, are you interested in improving your tech and electronics skills?
Then the best place to start is with Arduino compatible kits and starter kits.
How can they help improve your coding skills?
The IDE is installed in the computer enabling the writing and uploading of code to the circuit board.
Arduino boards can read simple inputs like putting a finger on any button, converting it to output which leads to motor activation.
Being easy to understand and learn, Arduino kits have become quite popular among young coders and students interested in dabbling with electronics.
The global Wireless Connectivity Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Wireless Connectivity market include Qualcomm, Intel, Broadcom, MediaTek, Texas Instruments, Cypress Semiconductor, NXP Semiconductors, STMicroelectronics, Microchip, EnOcean, NEXCOM, Skyworks Solutions, Murata Manufacturing, Marvell Technology, Quantenna Communications, Renesas Electronics, Nordic Semiconductor, CEVA, Espressif Systems and Peraso Technologies.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Wireless Connectivity Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/wireless-connectivity-market/download-sampleMarket DynamicsGrowing trends in process optimization, home automation, and lifestyle improvement and increased requirement of smart infrastructure are giving rise to the wireless connectivity market.
The need for the real-time results and the demand for the connected devices are majorly fueling the wireless connectivity market.
The telecom industry and the consumer electronics market are growing rapidly which in turn is mounting the demand for the wireless connectivity market.
After losing all the impression of their achievements, great companies often fade away.
When the whole world was shifting towardsdigital photography in late 80s, Kodak refused to join the bandwagon, and continued with their existing products even after inventing the digital camera technology.
However, after 2010, Nokia's market value declined by about 90 percent and in 2011 Nokia was acquired by Microsoft.
why Nokia, which was considered as the undisputed king of mobile devices was thrown out of the market?The main reason is the introduction of iPhone in 2007.
At the time of iPhone's launch, half of all the devices sold in the planet were Nokia's.
Nokia's management thought they will continue to rule the market with dated Symbian OS and average phones.They never thought Apple would come-up with a superior hardware and software and the executives were afraid to acknowledge the fact even after knowing that it would take several years to develop a better OS that could compete with iOS.
