The ultra-low-power microcontroller global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ultra-Low-Power Microcontroller Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ultra-low-power microcontroller market size has grown rapidly in recent years. It will grow from $4.65 billion in 2023 to $5.12 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to increased demand for smart devices, increasing demand for energy conservation in electronic applications, increasing use of low-power consumption devices, increasing demand for battery-powered devices, and increasing demand for smart weapons and sensors.
The ultra-low-power microcontroller market size is expected to see rapid growth in the next few years. It will grow to $7.59 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to rising demand for medical devices, increased demand for energy-efficient solutions, growing adoption of battery-powered devices, rising demand for microcontrollers in edge artificial intelligence, and increasing demand for edge computing devices. Major trends in the forecast period include technologically advanced solutions, technological innovations, the development of wireless technologies, the development of power-integrated modules, wearable technologies, and the integration of efficient power electronic components.
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Scope Of Ultra-Low-Power Microcontroller Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ultra-Low-Power Microcontroller Market Overview
Market Drivers –
The increasing adoption of internet of things (IoT) devices is expected to propel the growth of the ultra-low-power microcontroller market going forward. Internet of Things (IoT) devices are interconnected gadgets that collect, transmit, and act on data via the internet or other networks. The adoption of internet of things (IoT) devices is due to proliferation of high-speed internet and mobile networks, growth of cloud infrastructure, real-time monitoring, and improved convenience and personalized experiences. Ultra-low-power microcontrollers play a critical role in the functionality and efficiency of IoT devices by minimizing power consumption while maintaining the necessary performance to handle IoT applications. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the increasing adoption of Internet of Things (IoT) devices is driving the growth of the ultra-low-power microcontroller market.
Market Trends –
Major companies operating in the ultra-low-power microcontrollers market are focusing on developing innovative solutions such as energy-efficient ultra-low-power microcontrollers to address the growing demand for energy-saving and high-performance devices. Energy-efficient ultra-low-power microcontrollers refer to microcontroller units (MCUs) designed to operate with minimal power consumption while maintaining high performance. For instance, in March 2024, STMicroelectronics NV, a Switzerland-based semiconductor manufacturing corporation, launched the STM32U0 series, a new line of ultra-low-power microcontrollers designed to enhance energy efficiency across various applications. These microcontrollers can reduce energy consumption by up to 50% compared to previous models. They allow devices to operate longer on the same battery size, making them ideal for industrial sensors, smart meters, and consumer electronics like wearables. Built on the Arm Cortex-M0+ core, the STM32U0 series supports frequencies up to 64 MHz, offers up to 256 KB of Flash memory and 32 KB of SRAM, and features multiple communication interfaces and rich analog peripherals.
The ultra-low-power microcontroller market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Peripheral: Devices, Analog Devices, Digital Devices
3) By Packaging Type: 8-Bit Packaging, 16-Bit Packaging, 32-Bit Packaging
4) By Application: General Test And Measurement, Sensing, Flow Measurement, Other Applications
5) By End-User Industry: Aerospace And Defense, Automotive, Servers And Data Centers, Consumer Electronics, Telecommunications, Healthcare, Media And Entertainment, Manufacturing, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the ultra-low-power microcontroller market in 2023. The regions covered in the ultra-low-power microcontroller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the ultra-low-power microcontroller market are Broadcom Inc., Cypress Semiconductor Corporation, Texas instruments, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc, Renesas Electronics Corporation, EPSON Semiconductor Solutions Corporation, ON Semiconductor Corporation, Microchip Technology Incorporated, Freescale Semiconductor Inc, Rohm Semiconductors Co Ltd, Xilinx Inc., Nuvoton Technology Corporation, Silicon Laboratories Inc., Mouser Electronics, Nordic Semiconductor, Espressif Systems, Holtek Semiconductor Inc., Zilog Inc, Atmel Corporation, Ambiq Micro Inc, EM Microelectronic, Seiko Instruments, LAPIS Semiconductor Co Ltd, Parallax Inc., Cypress Semiconductor Corporation
Table of Contents
- Executive Summary
- Ultra-Low-Power Microcontroller Market Characteristics
- Ultra-Low-Power Microcontroller Market Trends And Strategies
- Ultra-Low-Power Microcontroller Market – Macro Economic Scenario
- Global Ultra-Low-Power Microcontroller Market Size and Growth
…………
- Key Mergers And Acquisitions In The Ultra-Low-Power Microcontroller Market
- Ultra-Low-Power Microcontroller Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Ultra-Low-Power Microcontroller Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Ultra-Low-Power Microcontroller Market, Segmentation By Peripheral, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Ultra-Low-Power Microcontroller Market, Segmentation By Packaging Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………….
Table 76: Broadcom Inc. Financial Performance
Table 77: Cypress Semiconductor Corporation Financial Performance
Table 78: Texas instruments Financial Performance
Table 79: MediaTek Inc. Financial Performance
Table 80: STMicroelectronics N.V. Financial Performance
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