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The IoT microcontroller market garners USD 4,836.9 million in revenue in 2021, and it is projected to rise at the rate of 12.4% from 2021 to 2030, to hit USD 13,898.0 million in revenue in 2030 , according to a research report by market research company P&S Intelligence. The growth is mainly driven by the snowballing usage of IoT in several sectors. Additionally, the need for connected items, including household appliances, smartphones, televisions, tablets, gaming consoles, and security systems is likely to raise, thereby boosting the industry. Another reason projected to lift the growth of the industry in the future is the increasing shift toward automation across several sectors. Technological developments in IoT applications, which will offer customers better and more modern smart items, are expected to drive the demand for microcontrollers in the coming few years. Moreover, IoT technologies are renovating medical research by enabling the examination of large amounts of extreme...

The size of the gallium nitride semiconductor market will power at a compound annual growth rate of 22.1% during 2022-2030, to touch a value of USD 72,813.1 million by 2030. The features like higher energy efficiency, faster device speed, and lower costs provided by GaN semiconductor devices over silicon semiconductor devices, such as computers, smartphones, televisions, and cameras, are likely to propel the growth of the industry. The surging demand for energy-efficient GaN components and semiconductors in wired communications will propel the growth of the industry. Internet service providers are mainly focused on incorporating high capacity, ubiquitous connectivity, and low-latency networks using optical cables in the telecommunication sector. The use of these semiconductors in the automotive sector for indoor and outdoor lights, automotive lights, and pulse-powered laser systems, is increasing, which fuel the growth of the industry in this category. The power IC category accounted ...