The globally IoT microcontroller market will touch USD 13,898.0 million, propelling at a 14.4% compound annual growth rate, by 2030.

The development is mainly propelled by the snowballing usage of IoT in several sectors. Additionally, the need for connected items, including household appliances, smartphones, televisions, tablets, gaming consoles, and security systems is likely to raise, thereby boosting the industry.

Another reason projected to lift the growth of the industry in the future is the increasing shift toward automation across several sectors. Technological developments in IoT applications, which will offer customers better and more modern smart items, are expected to drive the demand for microcontrollers in the coming few years.

Additionally, the fast installation of smart meters across numerous commercial and residential spaces is projected to fuel the need for microcontrollers to screen overall electrical power consumption and report the information to the utilities, for automated billing purposes.

The healthcare sector has undergone substantial transformations in the past few years, because of the enhancements in computer-embedded technology, data analytics techniques, and wireless devices.

Moreover, IoT technologies are renovating medical research by enabling the examination of large amounts of extremely complex medical data, such as metagenomics, genomic data, and bioinformatics. The acceptance of Wi-Fi and IoT, also spending on healthcare devices, will probably offer fascinating opportunities in the industry, therefore boosting the IoT microcontroller market's growth in the future as well.

including tablets, smartphones, smartwatches, and smart televisions, is projected to boost the demand for microcontrollers in the region.

Hence, the snowballing usage of IoT in several sectors. Additionally, the need for connected items, including household appliances, smartphones, televisions, tablets, gaming consoles, and security systems will drive the IoT microcontroller industry.