IoT Microcontroller Market Size Is Projected To Reach USD 12.94 Billion By 2030
San Francisco, 1 June 2022: The Report IoT Microcontroller Market Size, Share & Trends Analysis Report By Product (8 Bit, 16 Bit, 32 Bit), By Application (Industrial Automation, Smart Homes, Consumer Electronics, Smart Wearables), By Region, And Segment Forecasts, 2022 - 2030 The global IoT microcontroller market size is projected to reach USD 12.94 billion by 2030, registering a CAGR of 12.7% from 2022 to 2030, according to a new study by Grand View Research Inc. Increase in adoption of smart home devices integrated with mobile applications and advancements in low power Microcontroller (MCU) are expected to drive the market growth. The surge in the number of enterprise IoT connections across industries such as manufacturing, healthcare, and energy and power is also expected to drive the growth of the market over the forecast period. Advancements in short-range wireless connectivity such as Zigbee, Bluetooth, and KNX technologies, notably in Europe and North America also expe