May 8, 2017 – Source: The Edition Truth
A new report from Transparency Market Research (TMR) presents a review of the historical trajectory exhibited by the global Internet of Things (IoT) microcontroller market and a detailed assessment of the market‘s present figures. The report is titled “Internet of Things (IOT) Microcontroller Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”
According to the Edition of Truth, the rise of IoT has resulted in a steady growth of the global microcontrollers market due to the rise in demand for smart systems that can be embedded in devices along with machine communication capabilities.
The consumer electronics industry has been one of the leading consumers of IoT technology in the last few years and is likely to remain an important consumer in the global IoT microcontrollers market in the coming years, the Edition of Truth reports.
The demand for sophisticated technology in popular devices such as smartphones, tablets, and connected accessories such as smart watches and fitness bands, is likely to drive the adoption of IoT microcontrollers in the coming years.
According to the report, North America is expected to be one of the leading market for IoT microcontrollers in the coming years, due to a steady demand for technologically advanced gadgetry in all forms and the strong presence of several industry leaders. The growing consumer electronics and automotive industries in Asia Pacific could also impact the global IoT microcontrollers market in the coming years.
The report also examines the leading players and competitive dynamics in the global IoT microcontroller market. Key companies examined in the report include Freescale, Texas Instruments, ST Microelectronics, Atmel, and Infineon.