With the importance interconnectivity increasing, Internet of Things is also gaining a good view and demand in the market. Microcontroller is also known as MCU alternatively. It is a SoC or system on chip that consists a memory, programmable output and input peripherals, and a core processor. In several cases, a little portion of a random access memory is also integrated in a microcontroller for enhanced performance. At present, microcontroller is employed substantially across many automated Internet of Things products and devices such as power tools, remote controls, office machines, automobile engine controls, and medical devices.
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The robust enhancements in the application fields of Internet of Things is expected to meet the demands of technologically advanced products of a wide consumer base. This factor is expected to have a long term positive impact on the growth of the market. The deployment of smart meter across several residential and commercial sectors for closely monitoring the total consumption of energy is further expected to have a positive impact on the growth of the global Internet of Things Microcontroller market in the years to come. However, the power that is consumer by these microcontrollers is extremely high, thus hindering the growth of the market to some extent. Developing regions are expected to present market players enhance their consumer base and production units at the same time.
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MCU, alternatively known as microcontroller is a system on chip (SoC) consisting of a memory, processor core and programmable input and output peripherals. In many cases, small amount of random access memory (RAM) is embedded in a MCU for better performance. Currently, microcontroller is used extensively across various automatically controlled Internet of Thing (IoT) devices and products such as medical devices, automobile engine control systems, office machines, remote controls, power tools and other portable devices.
In order to provide detailed analysis of the global microcontroller market, the market has been segmented on the basis of product type, application and geography. By product type, the global microcontroller market can be bifurcated into 8-bit MCU, 16-bit MCU and 32-bit MCU. IoT microcontroller also finds its application across various consumer electronic devices, automotive, medical devices, smart home products and smart grid among others. On the other hand, geographically the market can be classified into North America, Europe, Asia Pacific, Middle East and Africa and Latin America among others.