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Global IoT Microcontroller Market to 2028: Players Include Broadcom, Holtek Semiconductor, Infineon Technologies, Microchip Technology and Nuvoton TechnologyDUBLIN, March 30, 2023 /PRNewswire/ -- The "Global IoT Microcontroller Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 By Product, Application, End-users, and Region" report has been added to ResearchAndMarkets.com's offering. 
Key Players
It is expected to record a CAGR of ~12% during the forecast period, due to the increasing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products. In addition, the rising popularity of fitness apps and inceasing awareness about physical fitness in emerging countries such as; India, China, and Indonesia are likely to drive the adoption of wearable technology, thereby expanding the IoT market size during the forecast period. Manufacturers' failure in establishing advanced IoT microcontrollers and the high-power consumption and energy efficiency of IoT devices creates challenges for the growth of the IoT Microcontroller Market. The manufacturers of IoT microcontrollers engage in extensive research and innovation to develop advanced systems. However, the substantial research and innovation costs associated with the IoT microcontroller development include its integration with the changing structural landscape of IoT devices. The IoT market is flourishing, and as a result, the majority of enterprises are approaching the IoT microcontroller market. However, the industry faces significant challenges in profitability and establishing new technology in the market. In addition, a considerable number of startups in the sector are projected to enter the market, increasing the competition. COVID-19 facilitated growth in electronic equipment due to remote work. The COVID-19 pandemic witnessed a boost in remote working electronic equipment, which shifted the focus of semiconductor manufacturing units to produce more equipment for the same. This turned the focus from other vital industries to count on microcontrollers and semiconductor chips, like automotive and industrial automation. However, the disruption in the supply chain and shortage of semiconductor chips posed challenges. The IoT industry is changing rapidly the supply chain allocation to revive the companies affected by COVID-19. Scope of the Report The Global IoT Microcontroller Market is segmented by product, applications, and end-user. In addition, the report also covers market size and forecasts for North America, Asia Pacific, Europe, and LAMEA IoT Microcontroller market. The revenue used to size and forecast the market for each segment is US$ billion. By Products
By Application
By End-User
By Geography
For more information about this report visit https://www.researchandmarkets.com/r/bwi93v About ResearchAndMarkets.com Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg SOURCE Research and Markets 
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