Markets of Interest
Internet of Things
The Internet of Things, or IOT, is driving a new wave of growth in electronics. According to market researchers, the IOT market was about $250B in 2019 and forecast to grow at a 25% per year rate to over $1.4 trillion in 2027.
IOT growth is driven by machine-to-machine connectivity, a megatrend that promises to change nearly everything in our world. Consumers are already exposed to smart wearables, automotive infotainment and sensor systems, data collecting appliances and utilities at our homes, etc. Still, 99% of things have yet to be connected, according to CISCO and GE. The IOT market trend is expected to fuel growth in cost effective semiconductor devices such as microcontrollers, embedded processors and network ICs. Atomera’s MST® technology enables a whole new set of tools for designers to develop cost sensitive, high performance and low power ICs in the field of IOT.