30 Jan 2023 -

MCU market booming thanks to smart cities and IoT

smart cities IOT

Despite facing an increasingly volatile semiconductor industry plagued by ongoing macroeconomic and political issues, the market for secure microcontroller units (MCUs) should fare well in the long term, reports ABI.

Michela Menting ABI Research’s Trusted Device Solutions Research Director, says the MCU market will reach $2.2 billion by 2026. “Due to the niche nature of security demand which commands a higher value proposition,” said Menting. “Supply chain issues due to trade embargoes and pandemic quarantines at manufacturing sites will affect availability. Yet, demand for security, especially in general purpose microcontrollers, will ensure the secure MCU market continues to be a high priority for OEMs.”  

Cloud and network services and security IP for provisioning and onboarding within IoT lifecycle management will contribute to a competitive market within secure MCUs. This strong demand comes from utilities and industrial IoT, and smart cities. “Specifically, MCUs with Trusted Execution Technologies that securely run high-sensitive and mission-critical applications,” according to ABI Research’s report.

Smart cities and IoT applications will increase over the coming years, especially after lessons learned during the Covid-19 pandemic. The work-from-home (WFH) model showed how necessary cloud services are in any enterprise, pandemic or not. Further digitalization of workspaces incorporating machine learning or AI will only require more MCUs. 

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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