Microcontroller Market is Projected to Reach USD 20 Billion by 2027
According to a recent study from market research firm Global Market Insights, The global microcontroller market has gained considerable traction over the years due to the widespread use of these components in smart building automation systems. Automation systems like HVAC control, fire protection, and lighting systems, and security and surveillance technologies, are all integrated with microcontroller units.
Certain benefits of using microcontrollers include energy efficiency, stable output readings, and high precision input and output peripherals, all of which is integral for 24×7 monitoring and control applications. The growing adoption of advanced IoT technology in smart buildings has driven the demand for the product.