The Ultra-Low-Power Microcontroller Market is Likely to Register a CAGR of 25.3% During the Review Period, 2023-2032, Due to the Increasing Use of Ultra-Low-Power Microcontroller in Consumer Electronics: MRFR

Pune, India, June 2022, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Ultra-Low-Power Microcontroller Market.

Overview

The ultra-low-power microcontroller market is predicted to register a CAGR of 21.90% during the forecast period, 2024-2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the ultra-low-power microcontroller market to offer a better glimpse into the coming years.

An ultra-low-power microcontroller is a designed to achieve the balance of performance characteristics such as performance, security, output, and energy consumption of the products. These types of components are used for applications where a longer sustainable battery life is required. An ultra-low-power microcontroller is capable of processing information while consuming the less amount of energy from the applicable systems. This ultra-low power microcontroller has smaller battery sizes, such as wearable heart rate monitors, blood glucose monitors and retinal implants, are used to monitor patients wirelessly for transfer to cloud-based storage. An ultra-low power microcontroller has low power consumption, increasing adoption of microcontroller embedded analogue across the globe.

Rising demand for low battery powered IoT-enabled smart devices such as wireless sensor networks, office machines, and automobile engine control systems is a factor expected to drive the growth of the ultra-low power microcontroller market over the forecast period. Moreover, temperature sensors and connected home consoles collect signals such as pressure, speed, temperature, acceleration and convert them to digital signals, is a factor expected to drive the growth of the global ultra-low-power microcontroller market over the forecast period.

However, the Ultra-low-power microcontroller have complex designs as well as the presence of many solution providers for this ultra-low-power microcontroller is a factor expected to suppress the growth of the global ultra-low power microcontroller market to certain extent.

Segmental Analysis

The global ultra-low-power microcontroller market has been segmented based on peripheral device, packaging type, end-use Industry, and region.

Based on the peripheral device, the ultra-low-power microcontroller market has been segmented into analog devices and digital devices. The analog segment is expected to hold a larger share of the ultra-low-power microcontroller market and is projected to grow at a higher CAGR during the forecast period. An analog device is easy to upgrade and better power efficiency is a factor expected to drive growth of this segment.

The packaging type segment is further classified into 8-bit packaging, 16-bit packaging and 32-bit packaging. The 32-bit segment of the ultra-low-power microcontroller market is projected to grow at the highest CAGR over the forecast period. This is attributed to 32-bit ultra-low-power microcontrollers use 32-bit instruction code and offer a higher level of precision in the embedded system and other IoT networks.

Based on the end-use Industry, the ultra-low-power microcontroller market has been divided into aerospace & defense, automotive, servers and data centers, consumer electronics, telecommunications, healthcare, media and entertainment and manufacturing. The consumer electronics segment of the ultra-low-power microcontroller market is projected to hold the highest market share during the forecast period. The ultra-low-power microcontroller market for consumer electronics is projected to grow at the highest CAGR during the forecast period. This is attributed to building automation devices, smart devices such as wearables, and smart appliances are increasing demand across the globe. In addition, increasing demand for portable devices is is another factor expected to support the growth of the ultra-low-power microcontroller market over the forecast period. Furthermore, microchip and analog devices are the major suppliers involved in the ultra-low-power microcontroller market for consumer electronics during the forecast period.

Competitive Analysis

The global ultra-low-power microcontroller market is characterized by the presence of several regional and local providers. Some of the key players in the market are Atmel Corp., Cypress, EPSON semiconductor, Freescale Semiconductor, Inc., Fujitsu, Holtek, Infineon Technologies AG and Intel Crop.

Regional Analysis

The regional analysis for the global ultra-low-power microcontroller market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in Asia Pacific accounted for the largest market share in 2019, and it is project to register strong growth of the global ultra-low-power microcontroller market over the forecast period. Moreover, growing demand for consumer electronics and automobiles and large number of manufacturing plants is another factor expected to drive the growth of the Asia Pacific region in the global ultra-low-power microcontroller market.