MARKET INSIGHTS

The global Development Board and Kits Market size was valued at US$ 3,780 million in 2024 and is projected to reach US$ 7,230 million by 2032, at a CAGR of 9.69% during the forecast period 2025-2032. The U.S. market accounted for 35% of global revenue in 2024, while China’s market is anticipated to grow at a faster pace with an estimated CAGR of 9.2% through 2032.

Development boards and kits are essential tools for prototyping and testing electronic systems across various industries. These platforms typically include microcontroller units (MCUs), field-programmable gate arrays (FPGAs), or digital signal processors (DSPs) along with necessary peripherals and software tools. Key product categories include MCU development boards, which currently dominate the market with over 40% revenue share, followed by FPGA and ARM-based solutions. The growing complexity of embedded systems and rising demand for IoT applications are driving innovation in this sector.

Market expansion is being fueled by increasing R&D investments in automotive electronics, where development boards enable advanced driver-assistance systems (ADAS) testing. The consumer electronics segment, particularly smart home devices, is another major growth driver with a projected 8.5% CAGR. Leading manufacturers like STMicroelectronics and Texas Instruments are expanding their development kit portfolios to support emerging technologies such as machine learning at the edge. In March 2024, Raspberry Pi launched its first FPGA development board targeting industrial automation, signaling the market’s shift toward more specialized solutions.

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Key Industry Players

Innovation and Strategic Partnerships Drive Market Leadership

The global development board and kits market features a dynamic competitive landscape dominated by semiconductor giants and emerging innovators. STMicroelectronics and Texas Instruments currently lead the market, holding a combined revenue share of over 25% in 2024. Their dominance stems from extensive microcontroller (MCU) portfolios and strong partnerships across automotive and IoT sectors, which collectively account for nearly 45% of development board applications.

Meanwhile, Raspberry Pi maintains significant influence in the education and maker communities through its cost-effective single-board computers, with shipments exceeding 5 million units annually. The company’s open-source approach has enabled widespread adoption among DIY enthusiasts and prototyping professionals alike.

What’s particularly notable is how NXP Semiconductors and Infineon Technologies are gaining traction through specialized solutions for Industry 4.0 applications. Their focus on secure connectivity and edge computing capabilities positions them favorably as industrial automation demand grows at 12% CAGR through 2030.

New entrants like Espressif Systems are disrupting the market with competitively priced Wi-Fi/Bluetooth development kits, capturing nearly 8% of the IoT segment. Established players are responding through acquisitions—a trend exemplified by Analog Devices’ 2023 purchase of Maxim Integrated to strengthen its analog computing solutions.

List of Key Development Board and Kits Manufacturers

• STMicroelectronics (Switzerland)
• Texas Instruments (U.S.)
• NXP Semiconductors (Netherlands)
• Infineon Technologies (Germany)
• Renesas Electronics (Japan)
• Analog Devices (U.S.)
• Raspberry Pi (U.K.)
• Intel Corporation (U.S.)
• Silicon Labs (U.S.)
• Microchip Technology (U.S.)
• ESP32 (China)
• Nordic Semiconductor (Norway)

Segment Analysis:

By Type

MCU Development Boards Lead the Market Owing to Widespread Adoption in IoT and Embedded Systems

The market is segmented based on type into:

• MCU Development Board
• CPLD/FPGA Development Board
• DSP Development Board
• ARM Development Board
• MIPS Development Board
• PPC Development Board

By Application

IoT Segment Emerges as Dominant Due to Rapid Technological Advancements in Connected Devices

The market is segmented based on application into:

• 3C Products
• Automotive
• IoT
• Medical Equipment
• Defense & Aerospace
• Other

By Architecture

ARM-based Boards Gain Prominence Across Multiple Industries for Their Power Efficiency

The market is segmented based on architecture into:

• 8-bit
• 16-bit
• 32-bit
• 64-bit

By Connectivity

Wireless Connectivity Solutions Drive Market Growth With Expanding IoT Ecosystem

The market is segmented based on connectivity into:

• Wired
• Wireless

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