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Convergence of Semiconductors and Smart Technology Market Analysis 2015
August 19, 2015 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Convergence of Semiconductors and Smart Technology - A Market Analysis" report to their offering.
Microcontrollers (MCUs) used in Smart Cities, Smart Homes, Smart Industry, Smart Health, and Smart Transport (a subset of the Internet of Things (IoT)), represented just 10% of the overall MCU market in 2014. But in 2020, $10 billion in MCUs, representing 40% of the total market, will be used in these applications.
MCUs provide local processing capability for the real-time embedded processing of most Smart Technology applications. Since utilization of MCUs in the various Smart Device 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. 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%.
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