The Asia Pacific Ultra-low-power Microcontroller Market would witness market growth of 9.6% CAGR during the forecast period (2021-2027).
The utilization of microcontrollers in order to automate the automotive market is rapidly increasing. Enhanced utilization of microcontrollers has resulted in automation as well as simpler subsystem building and less use of cables for connections, resulting in increased mobility. Microcontrollers are dedicated to a single purpose, and their usage in the automotive sector has resulted in automation in a wide range of areas, including Electronic Stability systems, Automatic Parking, and Smart Phone-controlled car security. As a result of higher customer expectations for fuel economy, comfort, safety, performance, maintenance, and ease of operation, microcontrollers would become more prevalent in daily lives in the future, resulting in better-performing vehicles.
In this region, wearables, thermostats, smoke detectors, and glass breakage detection systems are the applications that are majorly being benefitted from the ultra-low power consumption as well as integrated high-performance analogue characteristics of 8-bit MCUs. 8-bit microcontrollers are extensively used in smart thermostats as an affordable and low-energy alternative. The residential market is the most important for smart thermostats in smart homes. The governments of various countries across this region are focusing on the deployment of various smart city projects. For Instance, according to the Ministry of housing and Urban Affairs, in June, 2018, the government of India introduced Smart Cities Mission in order to emphasize on the development of smart cities in the county. Under the project, the government focuses on developing 100 smart cities across the nation.
The China market dominated the Asia Pacific Ultra-low-power Microcontroller Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $871.2 million by 2027. The Japan market is experiencing a CAGR of 9% during (2021 - 2027). Additionally, The India market would witness a CAGR of 10.5% during (2021 - 2027).
Based on Packaging Type, the market is segmented into 32-bit, 16-bit and 8-bit. Based on End User, the market is segmented into Consumer Electronics, Telecommunications, Servers & Data Centers, Automotive, Aerospace & Defense, Healthcare, Manufacturing, and Others. Based on Peripheral Device, the market is segmented into Analog Devices and Digital Devices. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Ultra-low-power Microcontroller Market is Projected to reach USD 7.5 Billion by 2027, at a CAGR of 9.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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 Country
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