Lewes, DE -- (SBWIRE) -- 09/07/2017 -- With the importance of IoT increasing, the demand for smart microcontroller's platforms supporting these IoT devices is steadily growing. Microcontroller is a chip that consists of memory, input and output peripherals and a processor. Microcontrollers along with various memory interfaces such as RAM chips are employed substantially in various embedded IoT systems and devices.

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The robust enhancements in IoT applications and devices are driving factors for expansion of IoT microcontroller market and is boosting the demand of microcontrollers at an exponential rate. In addition rising demand for automation across various application segments will also accelerate the demand of smart devices working on microcontroller's platform.

One key challenge that might withheld the proliferation of I0T MCU(Microcontroller) is power consumption. Almost all smart embedded devices rely on batteries for power, these batteries are toxic and most of them are non-rechargeable. This in turn decreases the lifecycle of batteries and is expected to increase the overall operating cost. In addition, security related issues of IoT devices is another important factor predicted to limit the demand of microcontroller in the coming years.

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Basically there are three main genre of microcontrollers employed in the market, i.e. an 8bit, 16 bit & 32 bit. These microcontrollers differ in cost, CPU performance, latency and ease of use. The IoT microcontroller is segmented on the basis of application.

Major application segments are:

- Consumer electronics and home appliances
- Automotive
- Medical
- Solar PV and smart grid

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

8-Bit Microcontrollers
16-Bit Microcontrollers
32-Bit Microcontrollers
Others

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of IoT Microcontrollers for each application, including

Consumer Electronics
Industrial Automation
Smart Grids
Automotive
Healthcare