DUBLIN, Aug. 30, 2022 /PRNewswire/ — The “Ultra-low-power Microcontroller Market by Peripheral Device (Analog Devices and Digital Devices), Packaging Type (8-bit, 16-bit, and 32-bit), End-Use Application, & Region (North America, Europe, APAC, Rest of the World) – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The ultra-low-power microcontroller market is projected to reach USD 7.9 billion by 2027, growing at a CAGR of 10.3% from 2022 to 2027. Consumer electronics applications, including laptops and desktops, audio amplifier components, smartphones, home appliances, remote controls, building automation devices, and other home electronics, accounted for the largest share of 41% of the ultra-low-power microcontroller market in 2021. The use of ultra-low-power microcontrollers in consumer electronics is also supplemented by the increasing use of these devices for connected networks and IoT applications.
By packaging type, the market for 32-bit segment is expected to hold the largest share during the forecast period
32-bit ultra-low-power microcontrollers use 32-bit instruction code and offer a higher level of precision in an embedded system and other IoT network. With the migration of manufacturers from 8-bit and 16-bit production to 32-bit MCU production, the global supply trend of MCUs has shown a great shift toward 32-bit MCUs.
The automotive segment is expected to grow at the highest CAGR of the ultra-low-power microcontrollers market during the forecast period.
Microcontrollers are key enablers of energy efficiency in automotive technology. A number of intelligent features such as park assist systems, collision avoidance, and adaptive cruise control have been introduced in the industry, which is fueling the demand for ultra-low-power microcontroller.
Asia Pacific region is expected to hold the largest share of the ultra-low-power microcontroller market during the forecast period.
The growth of the ultra-low-power microcontroller market in APAC for automotive applications can be attributed to the flourishing automotive manufacturing sector in the region, as well as the presence of well-known automobile manufacturing companies such as Toyota Motor (Japan), Honda Motor (Japan), Nissan Motor (Japan), SAIC Motor (China), and Hyundai Motor (South Korea) in the region.
Premium Insights
Growth in Consumer Electronics and Automotive End-Use Applications are Expected to Boost Ultra-Low-Power Microcontroller Market
32-Bit Ultra-Low-Power Microcontrollers Accounted for Largest Market Share in 2021
Automotive Application Projected to Grow at Highest CAGR During Forecast Period
Consumer Electronics and Japan Accounted for Largest Share of Ultra-Low-Power Microcontroller Market in APAC in 2021
US Accounted for Largest Share of Ultra-Low-Power Microcontroller Market in 2021
Market Dynamics
Drivers
Rising Need for Energy Efficiency in Consumer Electronics
Increasing Demand for Smart Home and Building Management Applications
Growth in Vehicle Electronics
Growing Number of Connected Devices in IoT Network
Restraints
Manufacturing Complexities and Unsuitability for Power-Critical Applications
Opportunities
Growing Adoption of Power Electronics in EV Industry
Government Policies and Investments for IoT and Semiconductors
Green Industrialization in Developing Economies
Challenges
Lower Penetration of Ultra-Low-Power Microcontrollers Than High- and Low-Power Microcontrollers
Curb in Semiconductor Manufacturing due to COVID-19
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Growth in Consumer Electronics and Automotive End-Use Applications are Expected to Boost Ultra-Low-Power Microcontroller Market
4.2 32-Bit Ultra-Low-Power Microcontrollers Accounted for Largest Market Share in 2021
4.3 Automotive Application Projected to Grow at Highest CAGR During Forecast Period
4.4 Consumer Electronics and Japan Accounted for Largest Share of Ultra-Low-Power Microcontroller Market in APAC in 2021
4.5 US Accounted for Largest Share of Ultra-Low-Power Microcontroller Market in 2021
5 Market Overview
6 Ultra-Low-Power Microcontroller Market, by Peripheral Device
7 Ultra-Low-Power Microcontroller Market, by Packaging Type
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
12 Appendix
Companies Mentioned
Ambiq Micro, Inc.
Analog Devices
Cyclos-Semiconductor Inc.
Diedevices
Elan Microelectronics
Gigadevice
Infineon Technologies Ag
Intel Corporation
Marvell
Microchip Technology Inc.
Nuvoton Technology Corporation
Nxp Semiconductors
on Semiconductor
Panasonic Corporation
Profichip
Quicklogic
Renesas Electronics Corporation
Rohm Co., Ltd.
Seiko Epson Corporation
Silicon Laboratories
Stmicroelectronics
Texas Instruments
Toshiba
Xmos
Zilog (A Littlefuse Company)
For more information about this report visit https://www.researchandmarkets.com/r/wqs1ih
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SOURCE Research and Markets
