A microcontroller is the brain of an IoT device that defines the roles and functions of the IoT end product. Microcontrollers are small, self-reliant computers that hold a single integrated circuit or microchip. IoT in microcontrollers allows connectivity and control in all the things which could be linked to the internet.
The global IoT microcontroller market is expected to grow from USD 4.82 billion in 2022 to USD 10.71 billion by 2029 at a CAGR of 12.1% during the forecast period.
India is one of the world's fastest-growing electronics manufacturers and consumer markets. In recent years, the Internet of Things (IoT) has become a hot topic in the electronics industry as it is transforming the way we live, work and communicate. According to a recent report, the IoT market in India is expected to grow at a CAGR of 28.2% between 2020 and 2025, making it one of the most significant emerging markets for IoT.
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