According to a new report, published by KBV research, The Global Ultra-low-power Microcontroller Market size is expected to reach $7.5 billion by 2027, rising at a market growth of 9.6% CAGR during the forecast period.
The 8-bit market has shown a growth rate of 9.1% during (2021 - 2027). 8-bit microcontrollers are relatively affordable and easy to program. These devices are still widely being employed in a broad range of applications. The 8-bit microcontrollers are the most conventionally used microcontrollers across the market and being majorly leveraged for approximately 4 decades.
The Consumer Electronics segment acquired the maximum revenue share in the Global Ultra-low-power Microcontroller Market by End User in 2020, thereby, achieving a market value of $1.8 billion by 2027. Wearables, smart appliances, and building automation devices such as, white goods, are witnessing an increased demand and adoption around the world. The growing market for ultra-low-power microcontrollers in consumer electronics is also being aided by rising demand for portable gadgets. Microchip and Analog Devices are two of the most essential products that are significantly being employed in various goods in the consumer electronics business.
The Digital Devices segment is showcasing a CAGR of 11.1% during (2021 - 2027). The increasing growth of the segment is attributed to the rising demand for various essential consumer electronic goods such as desktops, laptops, and smartphones. Due to this factor, the utilization of ultra-low-power microcontrollers is rising and hence, driving the growth of this segment.
The Asia Pacific market dominated the Global Ultra-low-power Microcontroller Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.8 billion by 2027. The Europe market is estimated to grow at a CAGR of 9.4% during (2021 - 2027). Additionally, The North America market would witness a CAGR of 9.1% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/ultra-low-power-microcontroller-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Texas Instruments, Inc., STMicroelectronics N.V., Renesas Electronics Corporation, Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices, Inc., ON Semiconductor Corporation, Intel Corporation, Toshiba Corporation, and Rohm Semiconductors Co., Ltd.
By Packaging Type
By End User
By Peripheral Device
By Geography
Companies Profiled
Unique Offerings 
