Security Demand from Utilities, Industrial IoT, and Smart Cities Drive Secure Microcontrollers Market to Over US$2 Billion by 2026
NEW YORK, Jan. 4, 2023 /PRNewswire/ --Despite facing an increasingly volatile semiconductor industry plagued by ongoing macroeconomic and political issues, the secure microcontroller (MCU) market should fare well in the long term. While the forecasted total available market has contracted, especially in the smart home, retail, advertising, and supply chain spaces, secure MCU shipments will only be temporarily adversely affected. According to a new global technology intelligence firm ABI Research report, the secure microcontrollers market will grow to US$2.2 billion by 2026.
- While the forecasted total available market has contracted, especially in the smart home, retail, advertising, and supply chain spaces, secure MCU shipments will only be temporarily adversely affected.
- According to a new global technology intelligence firm ABI Research report, the secure microcontrollers market will grow to US$2.2 billion by 2026.
- "In part, this is due to the niche nature of security demand which commands a higher value proposition," says Michela Menting, Trusted Device Solutions Research Director at ABI Research.
- Yet, demand for security, especially in general purpose microcontrollers, will ensure the secure MCU market continues to be a high priority for device OEMs.