Microcontroller Market For Smart Technology Reaching $1 Billion In 2020

ALLENTOWN, Pa. - Jan. 7, 2015 - PRLog -- Representing just 1.4% of the overall microcontroller (MCU) market in 2014, Smart Technology, will utilize $1 billion in MCUs in 2020, representing 4.5% of the total market, according to the latest report “Convergence of Semiconductors and Smart Technology – A Market Analysis,” published by The Information Network. This report focuses on Smart Cities, Smart Homes, Smart Industry, Smart Health, and Smart Transport.

“MCUs provide local processing capability for the “real-time” embedded processing of most Smart Technology applications,” noted Kristian Castellano, an analyst with The Information Network. “Since utilization of MCUs in the various Smart Technology applications vary significantly, a scalable family of devices from a manufacturer will be required, although 8-bit MCUs will predominate.”

The MCU is part of a sensor network that is capable of performing some processing, gathering sensory information and communicating with other connected nodes in the network along with a transceiver and one or more sensors.  These semiconductor devices are also analyzed in the report in terms of revenue and shipments for the period 2014 to 2020.

In 2014, Smart Cities will represent the largest application share of MCUs at 54%,” added Castellano. “As other applications gain traction, Smart Cities’ share will drop to 48% of MCU consumption in 2020 while Smart Home MCU consumption will increase the greatest at a compounded annual growth rate of 35%.”