Microcontroller market: 12% growth in 2014 due to Automotive, id, wearable and IoT

The ‘smart’ and ‘connected’ are the two key factors driving Microcontroller (MCU) market along with application buzz words such as IoT and wearable. Every application is becoming smart and better connected. Automotive and security/ID market is also pushing the growth. In the second quarter and the third quarter of year 2014, lot of designs based on microcontrollers in the application area of IoT and wearable have moved from design stage to production phase. Now there are good number of new IoT and wearable products in the market for users to try. Much of the future of microcontroller market depends on users preference for IoT featured smart and connected devices, including mobile and wearable devices. As of now in early 2015, the momentum is good. EMITT Solutions estimates a total worldwide revenue of around 19 Billion US$ generated by microcontrollers in 2014. Total MCU market estimated to be grew by 12% in 2014 as against EMITT’s earlier forecast of 14-15%. The fastest growing microcontroller vendor is NXP Semiconductors. This analysis also include security card MCUs. Security/ID market is growing faster than general MCU market. Due to continued and expanded growth in IoT, wearable, connected home appliances in smart-home, solar power systems, smart energy systems, electric-vehicles, and personal health monitoring devices, EMITT Solutions forecasts a global microc...