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 ultra-low-power microcontroller is a single integrated circuit that contains a processor, programmable input/output peripheral, and memory to allow edge nodes to process localized data while utilizing the least possible amount of device power. ARM Cortex processor cores in ultra-low-power low-cost MCUs provide integrated power monitoring for processing, control, and connection. Because it integrates a lower battery size, broad data retention capability, and high performance with low power consumption, it is scalable, allowing large-scale deployment in the consumer electronics sector in laptops, gaming devices, smartphones, and home automation systems.
Capacitive touch displays, Interior cabin motors, infotainment systems, steering, and headlights are some of the applications of ultra-low-power microcontroller in the automotive sector, as they improve battery life and fuel efficiency. Additionally, this flexible device strives to reduce power regions of leakage in standard cells and offers high security, reduced noise, low latency, and varied communication capabilities, all of which contribute to higher product quality requirements.
The ultra-low-power microcontroller market is growing due to the increasing utilization of low battery-powered IoT connected smart devices including wireless sensor networks, office equipment, and car engine control systems. Temperature sensors, smart meters, and linked home consoles also acquire real-world signals like temperature, pressure, speed, and acceleration and convert them to digital signals, contributing to market growth.
In addition, blood glucose monitors, wearable heart rate monitors, and retinal implants also utilize ultra-low-power microcontroller-integrated devices with lower battery capacities to monitor patients through wireless technologies for ultimate transfer to storage based on the cloud. Because of their low power consumption, MCU-embedded analog peripheral devices are becoming increasingly popular, opening up new avenues for the ultra-low-power microcontroller market.
The COVID-19 pandemic led economies across the world to severe harm. In addition, the outbreak of the novel coronavirus also devastated numerous businesses all over the world. The supply chains were significantly harmed as a result of lockdowns enforced by governments across the world. The supply chain disruption caused a shortage of various raw materials, due to which, there was a scarcity of numerous goods. Moreover, stringent government regulations in order to regulate the spread of the infection caused a temporary industrial closure, due to which, various manufacturing units were shut. The COVID-19 regulations caused a negative impact on the production of ultra-low-power microcontrollers. The manufacturing units of these devices were shut, which presented a significant obstacle for their production of it. Additionally, various chip manufacturers were negatively impacted by the pandemic.
Leveraging ultra-low-power microcontrollers within consumer electronics help to reduce power consumption. A power management system for the conversion of electrical energy is required for any consumer electronics that need electrical power from a battery. The demand for solutions that can save energy is likely to rise as the usage of consumer electronics and connected devices grows. Such Electronic items are found in a variety of household appliances, including air conditioning power supplies, dishwashers, washing machines, and induction heaters. Moreover, smartphones, smart wearable’s, smart TVs, gaming consoles, wireless speakers, and earphones and headphones all use ultra-low-power microcontrollers in order to reduce power consumption and assure enhanced performance and functionality.
The manufacturing of electric vehicles is rapidly increasing around the world. Automotive suppliers, vehicle manufacturers, and governments are investing more in regional supply chains and power electronics production to keep the growth and development of electric vehicles moving forward. Increased production and supply of plug-in electric vehicles are likely to open up new prospects for the power electronics industry in various transportation applications. Additionally, the growing number of electric vehicles is driving the adoption of power-integrated modules and ultra-low-power microcontrollers.
The designs of ultra-low-power microcontrollers are quite complicated, and manufacturing such circuits is power-intensive. It's difficult to design systems that run quickly and waste little electricity. Various criteria, including current ratings, peak power, voltage, and applications, must be addressed while building a microcontroller. Moreover, if the device is left at sleep mode frequent times, the microcontroller consumes a significant amount of power when it quits this state. The device's battery would eventually be unable to power these MCUs, causing them to crash. As a result, building high-speed ultra-low-power microcontroller is extremely important and necessitates new methodologies. Additionally, high-end applications like satellites, airplanes, large industrial equipment, and even consumer devices necessitate tremendous performance and speed.
Based on Packaging Type, the market is segmented into 32-bit, 16-bit and 8-bit. In 2020, the 32-bit segment acquired the largest revenue share of the ultra-low-power microcontroller market. The 32-bit ultra-low-power microcontrollers function with 32-bit instruction code and provide more precision in embedded systems and other IoT networks. The ultra-low-power microcontroller supply trend has demonstrated a significant movement toward 32-bit packaging as manufacturers migrates from 8-bit and 16-bit manufacturing to 32-bit ultra-low-power microcontroller production.
Based on End User, the market is segmented into Consumer Electronics, Telecommunications, Servers & Data Centers, Automotive, Aerospace & Defense, Healthcare, Manufacturing, and Others. In 2020, the telecom segment witnessed a substantial revenue share of the ultra-low-power microcontroller market. There are many telecom companies that are implementing ultra-low-power microcontrollers in order to improve their communication interface. For the advancements of the communication networks around the world, telecom companies constantly invest in the adoption of better products. This would further accelerate the demand of ultra-low-power microcontrollers in the telecommunication industry in the coming years.
Based on Peripheral Device, the market is segmented into Analog Devices and Digital Devices. In 2020, the analog segment procured the largest revenue share of the ultra-low-power microcontroller market. The increased demand for low-power electronics, home, and building automation systems, high adoption of the Internet of Things and connected devices, and rapid technological advancements in the automotive industry are majorly contributing to the increased growth of this segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 4.2 Billion |
| Market size forecast in 2027 | USD 7.5 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 9.6% from 2021 to 2027 |
| Number of Pages | 253 |
| Number of Tables | 393 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Packaging Type, Peripheral Device, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, Asia-Pacific accounted for the largest revenue share of the ultra-low-power microcontroller market. The commercialization of the Internet of Things and its integration across all industries is expected to expedite, particularly in APAC's rising economies. Countries like China, India, South Korea, and Japan are vigorously pursuing programs including large R&D spending, which are likely to increase demand for ultra-low-power microcontrollers. The region has established itself as a worldwide hotspot for significant investments and business expansions. Due to the region's large manufacturing and consumption of electronic gadgets, the regional market is expected to observe growth.
Free Valuable Insights: Global Ultra-low-power Microcontroller Market size to reach USD 7.5 Billion by 2027
The major strategies followed by the market participants are Product launches. Based on the Analysis presented in the Cardinal matrix; Intel Corporation are the forerunners in the Ultra-low-power Microcontroller Market. Companies such as Texas Instruments, Inc., STMicroelectronics N.V., Infineon Technologies AG are some of the key innovators in the Market.
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 Geography
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