The Arduino compatible market comprises a wide range of easy-to-use microcontrollers which are not manufactured by Arduino but have fully compatible software and hardware environments. Arduino compatible boards are simpler versions of the original Arduino boards which allow users to quickly develop prototypes for IoT and electronic projects at lower costs. With a growing emphasis on STEM education worldwide, these affordable development boards have gained wide adoption in educational institutions to teach concepts of coding, electronics and robotics to students.
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.
The growing demand for Arduino compatible boards from schools and universities for teaching STEM subjects has boosted market revenues.
Technological advancements in Arduino compatible boards such as increased processing power, storage and new sensors are also supporting their adoption.
Market Trends
The high level of customization and ease of programming with Arduino Compatible Market Size is driving their usage in hobbyist and engineering projects beyond education. Many manufacturers are developing boards integrated with WiFi, Bluetooth and other wireless technologies to support development of IoT applications. Another key trend is the emergence of open-source Arduino compatible boards at competitive prices which is increasing their reach.
Market Opportunities
Miniature Arduino boards witnessing growing demand for application in drones, robots and other compact appliances present an opportunity for manufacturers. Integration with cloud platforms is another key opportunity to support remote data monitoring and device management through Arduino boards. Development of application-specific Arduino boards catering to industries like healthcare, automotive also presents a lucrative growth path.
Impact of COVID-19 on Arduino Compatible Market
The COVID-19 pandemic has significantly impacted the growth of the Arduino compatible market in both positive and negative ways. On one hand, the lockdowns imposed during the pandemic restricted hardware production and supply chain operations which hindered the availability of Arduino boards and compatible kits. This led to a decline in sales during 2020. On the other hand, with people spending more time at home due to lockdowns, the interest in do-it-yourself projects involving robotics, automation and Internet of Things using Arduino increased significantly. This boosted the demand for Arduino boards and compatible components which helped in restarting the production and supply once lockdowns eased. However, the transportation of goods across borders was still affected due to restrictions which impacted international trade and timely supplies. Going forward, the market is expected to witness steady growth as more companies will focus on strengthening local manufacturing and supply networks to ensure business continuity even during crisis situations.
Geographical Regions with Highest Value Concentration
In terms of value, the Arduino compatible market witnessed the highest concentration in North America and Europe during the forecast period from 2024 to 2030. Countries like the United States, Germany, United Kingdom and France have been leading innovation in IoT, robotics, automation and embedded systems domains which involves extensive use of Arduino boards and compatible kits. The availability of technical expertise and strong research infrastructure in these countries have encouraged widespread adoption of Arduino platform for both commercial and non-commercial applications. Growing investments in smart technologies and digitization initiatives are further expected to boost the market value in these regions during the coming years.
Fastest Growing Geographical Region
The Asia Pacific region is poised to be the fastest growing market for Arduino compatible devices during the forecast period. Countries like China, India, Japan and South Korea are transitioning rapidly towards digitally connected environments through Industry 4.0 initiatives. Massive funding and government policies to promote STEM education and technology startup ecosystems have also fueled interest in Arduino among students, academicians and entrepreneurs in the region. In addition, lower labor costs, policy incentives for electronics manufacturing and growing affordability are propelling the regional market growth at a much faster pace than matured Western economies. If support measures are sustained, the APAC region may potentially overtake other regions in terms of incremental market revenues by 2030.
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