According to market watcher IHS,the interest in connected cars, wearable electronics and building automation means these IoT applications are expected to grow at a compound annual growth rate (CAGR) of 11% over the next five years.
This is significantly more than the MCU market in general which is expected to grow at a CAGR of just 4% through 2019.What some still consider to be only hype surrounding emerging IoT trends has already begun disrupting the MCU market.
The IoT trend has a strong relationship with the MCU market, as the small nodes used for connectivity, sensor hubs to collect and store data are primarily based on MCU platforms.The MCU market related to IoT was worth $1.7bn in 2014 and expected to reach $2.8bn in 2019.Also the industry’s challenge is to quantify this new opportunity, since IoT is a conceptual trend, not a device, application or even a new feature.
According to IHS, those semiconductor suppliers adopting loT-focused strategies are: Atmel, Broadcom, Cisco Systems, Freescale Semiconductor, Infineon Technologies, Intel, Microchip Technologies, NXP, Qualcomm, Renesas Electronics and Texas Instruments.
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