Northbrook, IL -- (SBWire) -- 02/15/2022 --According to the new research report, 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", published by MarketsandMarkets™, the Ultra-Low-Power Microcontroller Market is projected to grow from USD 4.9 billion in 2022 to USD 7.9 billion by 2027; it is expected to grow at a CAGR of 10.3% from 2022 to 2027.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206772623

The key factors fueling the growth of the market include increasing demand for energy-efficient components, miniaturization, and penetration of IoT-connected devices. Moreover, increasing investments by automotive OEMs and government to promote the adoption of electric vehicles is expected to create abundant opportunities in market.

The analog segment is projected to hold a larger share of the ultra-low-power microcontroller market from 2022 to 2027 and is projected to grow at a higher CAGR than the digital segment during the forecast period.

The overall ultra-low-power microcontroller market growth is attributed to the accelerated requirement for low-power electronics, escalated demand for building and home automation systems, high adoption of IoT and connected devices, and rapid technological growth in the automotive industry.

The 32-bit segment of the ultra-low-power microcontroller market is expected to grow at the highest CAGR during the forecast period.

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. With the migration of manufacturers from 8-bit and 16-bit production to 32-bit ultra-low-power microcontroller production, the global ultra-low-power microcontroller supply trend has shown a considerable shift toward 32-bit packaging.

The consumer electronics segment of the ultra-low-power microcontroller market in APAC is expected to hold the biggest market share during the forecast period.

The ultra-low-power microcontroller market for consumer electronics in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Smart devices such as wearables, building automation devices, and smart appliances such as white goods are witnessing increasing demand and adoption globally. The rising demand for portable devices is acting as an opportunity for the growth of the ultra-low-power microcontroller market for consumer electronics. Microchip and Analog Devices are among the major suppliers involved in the market for consumer electronics.

Browse in-depth TOC on "Ultra-low-power Microcontroller Market"
186 – Tables
67 – Figures
239 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=206772623

Asia Pacific region is expected to hold the largest share in the market during the forecast period.

With the increasing penetration of telecommunication infrastructure in APAC, the adoption of low-energy consumption devices with better processing ability is expected to increase, thereby driving the demand for ultra-low-power microcontrollers in APAC.

The key players operating in the ultra-low-power microcontroller market include are Texas Instruments (US), Microchip Technology (US), STMicroelectronics (Switzerland), Renesas Electronic Corporation (Japan), and Infineon Technologies AG (Germany).

Related Reports:

Embedded System Market by Hardware (MPU, MCU, Application-specific Integrated Circuits, DSP, FPGA, and Memories), Software (Middleware, Operating Systems), System Size, Functionality, Application, Region - Global Forecast to 2025

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441