The MCU market is poised to experience massive growth in the immediate future. According to recent data, the MCU (Secure Microcontroller)market will be worth around US$2.2 bn by 2026. (ABI Research’s Secure MCU Market Overview).
The figures are promising and are a respite for the sector impacted by critical challenges. However, chipset shortages continue to bother the industry, and there are evident supply chain issues. Besides, the industry is also anticipating the possibility of a recession.
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Sensitive applications, the industrial internet of things, and Utilities drive the market for MCUs. The proposed intelligent cities will also be significant for the current market.
“In part, this is due to the niche nature of security demand which commands a higher value proposition. In addition, short-term 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 device OEMs.” says,” Michela Menting, Trusted Device Solutions Research Director, ABI Research.
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Further, Security IP selection for MCUs has evolved into a critical differentiator for products in a market that is becoming increasingly competitive due to the requirement for secure IoT lifecycle management capabilities.