Arduino compatible market
The Arduino compatible market comprises single-board microcontrollers and
microcontroller kits that are utilized to develop electronic devices and
interactive objects. The boards in this market are similar to Arduino boards
and are more cost-effective compared to the original Arduino boards. Arduino
compatibles find extensive usage in robotics, IoT applications, wearables, home
automation, and other areas that require basic coding and circuitry skills.
Key features of Arduino compatible boards include an onboard PWM/timer/counter
peripheral, I2C and SPI communication protocols, USB interface, analog and
digital I/O pins, and a simple integrated development environment for writing
and uploading code to the board. These boards can be prototyped, tested, and
deployed easily compared to complex microcontroller development boards. The
growing adoption of IoT devices and increased interest in learning programming
through hands-on experience are driving demand for Arduino compatibles.
The Global Arduino Compatible Market is estimated to be valued at US$ 1.56 Mn in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period
2024 to 2030.
Key Takeaways
Key players operating in the Arduino compatible market are Graincorp, Rahr
Corporation, Soufflet Group, Malt Products Corporation, Barmalt, Muntons plc,
Viking Malt PureMalt, Imperial Malt Ltd, Malteurope, BOORTMALT, Maltexco S.A.,
Holland Malt, IREKS GmbH, and Simpsons Malt. These players are focusing on
expanding their product portfolios and global footprint to capitalize on
opportunities arising from growing adoption of prototyping platforms across
industrial and educational sectors.
The Arduino
Compatible Market Size provides numerous opportunities for makers,
designers, engineers, students, and hobbyists to develop low-cost Electronics
and IoT solutions owing to its open-source hardware and software model. Rising
demand for affordable yet capable prototyping and coding platforms is expected
to propel market growth.
Key players are expanding their operations across regions like Asia Pacific,
Europe, and North America to tap the increasing enthusiasm for digital making
and emerging trends like STEAM education methodology in schools and colleges of
these regions.
Market Drivers
Rising adoption of IoT applications across industrial and commercial sectors is
a key driver for the Arduino compatible market. IoT projects require basic
microcontrollers, sensors, and ability to connect to the internet and cloud -
functions that can be easily accomplished using Arduino compatibles at lower
costs. With increasing IoT deployment, demand for cost-effective prototyping
and development boards will continue rising.
Market Restraints
Availability of low-cost microcontroller development boards from Chinese brands
poses strong competition to established Arduino compatible manufacturers. This
is a major challenge restraining stronger revenue growth for major players
operating in the Arduino compatible market.
Segment Analysis
The Arduino compatible market is dominated by the hobbyist segment owing to its
easy availability and low costs. Hobbyists account for over 40% of the Arduino
compatible market as these boards find applications in DIY projects at home and
for educational purposes. The easy to use interface and large community support
allows users with no prior experience to build their own prototypes and learn
programming. Other major segments include education and research where Arduino
boards are used for teaching IoT, embedded systems and data acquisition
applications in academic institutions.
Global Analysis
Regionally, the North American Arduino compatible market holds the largest
share currently. The presence of major players and startups in countries like
the US has propelled R&D and adoption of open source hardware in the
region. Furthermore, the advancements in STEAM education has fostered the usage
of Arduino boards for projects across schools and universities. The Asia
Pacific Arduino compatible market is poised to grow at the fastest pace during
the forecast period supported by developments in India, China, Japan and South
Korea. Rising electronics manufacturing capabilities and expansion of maker
communities will drive significant growth opportunities in the region.
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Compatible Market
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