IOT MICROCONTROLLER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In June 2023, Arduino, a renowned open-source hardware and software platform, introduced the latest version of its widely-used UNO board, the UNO R4. This next-generation board marks a significant upgrade from the previous 8-bit technology, featuring a powerful 32-bit ARM Cortex-M4 microcontroller. With this release, Arduino continues to empower makers and enthusiasts by providing enhanced capabilities, improved performance, and expanded possibilities for their projects, ensuring that the ever-growing Arduino community can benefit from greater flexibility and functionality.
• In March 2023, Data I/O Corporation, a leading global provider of advanced security and data deployment solutions for microcontrollers and security ICs, partnered with Nuvoton Technology Corporation, a prominent microcontroller platform provider, to deliver security deployment services for Nuvoton's M2354 Series-based IoT Security Microcontroller (MCU) series. This partnership aims to support Original Equipment Manufacturers (OEMs) in designing secure solutions for applications such as building automation, metering, medical devices, and other sectors with rigorous security demands.
• In February 2023, InnoPhaseIoT, a fabless semiconductor company known for its ultra-low power Wi-Fi IoT solutions, partnered with Eoxys, an IoT solution provider, and Nuvoton, a leading global microcontroller unit (MCU) supplier, to launch a market-ready solution for intelligent and secure IoT devices. This partnership provides a comprehensive offering that streamlines the development of intelligent and secure IoT devices across various industries, facilitating faster time-to-market and enabling customers to efficiently introduce innovative sensor-based products..
• In November 2022, Memfault, the pioneering provider of the first IoT reliability platform, partnered with Infineon Technologies, a global leader in semiconductor solutions, to enhance developers' productivity by integrating Infineon's products with the ModusToolbox. This strategic partnership aims to equip developers with advanced diagnostic capabilities, remote updating functionalities offered by the Memfault platform, and improved device observability, ultimately facilitating the creation of more reliable IoT solutions.
• In June 2022, Soracom, Inc., a leading global provider of advanced IoT connectivity solutions, welcomed SPRESENSE, a compact high-performance 6-core microcontroller board, from Sony Semiconductor Solutions Corporation (SSS), into its Soracom Partner Space ecosystem. As part of this collaboration, SSS, a prominent semiconductor company known for its energy-efficient CXD5602 microcontroller, recognized Soracom as a recommended connectivity provider for its SPRESENSE microcontrollers. This collboration between Soracom, a global IoT connectivity provider, and SSS aims to leverage the expertise of both companies to enhance connectivity options for SPRESENSE microcontrollers, facilitating the development of innovative IoT solutions that take advantage of the board's versatile capabilities and Soracom's global cellular coverage.

*Definition: Global IoT Microcontroller Market consists of microcontroller devices that have connectivity and processing capabilities, which allow them to connect to and communicate with various devices over the internet. These microcontrollers are used for applications across various industries including industrial automation, smart homes & consumer electronics, healthcare, automotive, and many others. They play a key role in enabling connections between devices and the cloud as part of the rapidly growing Internet of Things ecosystem worldwide.