According to the study published in Energy Research and Social Science, in April 2018, computing and consumer electronics consumed about 20 or 23% of non-heating-related electricity use in U.K. households. The study also estimated that in 2012, powering digital devices such as computers and smartphones and supporting infrastructures such as communication networks and data centres consumed about 5% of global electricity. Consequently, there is an increasing movement towards developing more efficient power electronic components to obtain maximum efficiency with low power consumption. This is expected to drive the demand for energy-efficient components such as ultra-low-power microcontrollers in the market.

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Data Bridge Market Research analyses that the ultra-low-power microcontroller market is expected to grow at a CAGR of 10.8% in the forecast period of 2022 to 2029 and is expected to reach USD 9,221.87 million by 2029. The market for personal wellness and medical wearable applications is growing fast. New technological advancements and changing lifestyle has led to the increase of adoption of smart devices throughout the globe.

Growing Popularity of Low-Battery-Powered IoT Devices Is Expected To Drive the Market's Growth Rate

Industries and companies are seizing over the opportunity for IoT adoption as the underlying technologies are maturing rapidly. The internet of things seems poised to crossover into mainstream business use. As per the IoT Signals report, in 2021, 44 percent of organizations had increased IoT funding, especially in the U.S. The global adoption rate of IoT stands at an average of 90%, up from 85% in 2019. Within the United States, 77% of organizations surveyed are combining IoT with edge computing. These developments signify the growing demand for ultra-low-power MCUs in IoT applications for increasing energy conservation and making the device more compact. This is expected to drive the growth in the global ultra-low-power microcontroller market.

Report Scope and Market Segmentation

Segment Analysis:

The global ultra-low-power microcontroller market is segmented into nine notable segments based on peripheral type, type, component, packaging type, network connectivity, RAM capacity, retention power mode, application and end-user.

• On the basis of peripheral type, the global ultra-low-power microcontroller market is segmented into analog devices and digital devices. In 2022, the analog devices segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.2% in the forecast period of 2022 to 2029. The analog devices segment is expected to dominate the market as it is widely used to convert real-world signals such as pressure, temperature, acceleration, and speed, measured and converted into digital signals. Moreover, analog devices offer high reliability, low latency, reduced noise, and decreased costs.
• On the basis of type, the global ultra-low-power microcontroller market is segmented into general purpose sensing and measurement MCUs, capacitive touch sensing MCUs and ultrasonic sensing MCUs. In 2022, the general purpose sensing and measurement MCUs segment is expected to dominate the global ultra-low-power microcontroller market

The general purpose sensing and measurement MCUs segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.4%

In 2022, the general purpose sensing and measurement MCUs segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.4% in the forecast period of 2022 to 2029. The general purpose sensing and measurement MCUs segment is expected to dominate the market as these type of microcontroller has wide range of application and can be used by varied industries. Moreover, the wide use of microcontrollers for measurement and sensing boosts the segment's growth.

• On the basis of component, the global ultra-low-power microcontroller market is segmented into hardware, software and service. In 2022, the hardware segment is expected to dominate the global ultra-low-power microcontroller market with highest CAGR of 11.1% in the forecast period of 2022 to 2029. The hardware segment is expected to dominate the market as the hardware is being used in a wide range of applications such as automobile engine control systems, remote controls, implantable medical devices, office machines, appliances, power tools, toys, and others embedded systems. Moreover, the hardware provides with maximum performance with minimal power consumption.
• On the basis of packaging type, the global ultra-low-power microcontroller market is segmented into 8 bit packaging, 16 bit packaging and 32 bit packaging. In 2022, the 32 bit packaging segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.2% in the forecast period of 2022 to 2029. The 32 bit packaging segment is expected to dominate the market as compared to 8-bit and 16-bit microcontrollers, the 32-bit microcontroller takes fewer instruction cycles to execute a function due to its wider data bus.
• On the basis of network connectivity, the global ultra-low-power microcontroller market is segmented into wireless and wired. In 2022, the 32 bit packaging segment is expected to dominate the global ultra-low-power microcontroller market the highest CAGR of 11.3% in the forecast period of 2022 to 2029. The wireless segment is expected to dominate the market as the wireless connectivity has increased the application are of the microcontrollers and with growing usage of IoT devices the wireless connectivity is being rapidly adopted in the market.
• On the basis of RAM capacity, the global ultra-low-power microcontroller market is segmented into less than 96 kb, 96 kb-512 kb and more than 512 kb. In 2022, more than 512 kb segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.4%

The “more than 512 kb” segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.4%

In 2022, more than 512 kb segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.4% in the forecast period of 2022 to 2029. The more than 512 Kb segment is expected to dominate the market as these ultra-low-power microcontrollers can store, process, and act on the vast amounts of data used by these devices. Moreover, they also provide with scalable memory architecture and multi core options.

• On the basis of retention power mode, the global ultra-low-power microcontroller market is segmented into 1.6 μW- 2.4 μW, 2.4 μW- 3.5 μW and more than 3.5 μW. In 2022, the 2.4 μW- 3.5 μW segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.5% in the forecast period of 2022 to 2029. The 2.4 μW- 3.5 μW segment is expected to dominate the market as these microcontrollers offer a longer battery life which helps in improving the usage time of the device. Moreover, this mode helps in saving higher power.
• On the basis of application, the global ultra-low-power microcontroller market is segmented into general test and measurement, sensing, flow measurement and others. The general test and measurement segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.3% in the forecast period of 2022 to 2029. The general test and measurement segment is expected to dominate the market as measurement and control systems are widely used in biosystems engineering and microcontrollers act as key components of measurement and control system.
• On the basis of end-user, the global ultra-low-power microcontroller market is segmented into healthcare, industrial, manufacturing, IT and telecom, military and defence, aerospace, media and entertainment, automotive, servers and data centers, consumer electronics, and others. In 2022, the consumer electronics segment is expected to dominate the global ultra-low-power microcontroller market with the highest CAGR of 11.4% in the forecast period of 2022 to 2029. The consumer electronics segment is expected to dominate the market due to increasing growth in the residential sector, leading to high demand for user-friendly electronic products. Consumer electronics are using ultra-low-power microcontrollers for low power consumption and better performance.

Major Players

Data Bridge Market Research recognizes the following companies as the major ultra-low-power microcontroller market players in ultra-low-power microcontroller market are Texas Instruments Incorporated (U.S.), STMicroelectronics (Switzerland), Analog Devices, Inc. (U.S.), NXP Semiconductors (Netherlands), EM Microelectronic (Switzerland), Nuvoton Technology Corporation (China), Seiko Epson Corporation (Japan), Microchip Technology Inc. (U.S.), Broadcom (U.S.), Semiconductor Components Industries, LLC (U.S.).

 Market Development

• In October 2021, Renesas Electronics Corporation announced the launch of a new Group within its 32-bit RA Family of microcontrollers (MCUs). The RA2E2 Group offered a unique combination of extremely low power consumption, a set of excellent peripherals targeted at IoT endpoint applications, and was based on the latest Arm Cortex-M23 core. This was aimed at catering to the growing demand for IoT endpoint applications, including wearables, medical devices, appliances, and industrial automation.
• In March 2021, STMicroelectronics released a series of ultra-low-power microcontrollers (MCUs) with improved performance, security, graphics, and peripherals for consumer and industrial IoT devices. The power-saving feature "Autonomous Mode" was included in the chip, which allows components on the chip to access system memory independent of the CPU and other peripherals to run while in standby mode, reducing power in the process.
• In February 2022, Infineon Technologies AG collaborated with SensiML, a developer of AI tools for building intelligent Internet of Things (IoT) endpoints. The companies aimed at offering developers an easy and seamless process to capture data from Infineon XENSIV sensors, train Machine Learning (ML) models, and deploy real-time inferencing models directly on ultra-low-power PSoC 6 microcontrollers (MCUs). With this, the company offered designers the right tools to develop smart applications for IoT devices spanning the smart home, industrial and fitness sectors.
• In December 2021, as per the ICT Solutions and Education report, in the financial year 2020, the U.S. government invested USD 140 billion in a broad range of federally funded R&D programs, including emerging technologies. Approximately USD 50 billion of this total was conducted at nearly 300 government-owned, government-operated (GOGO) laboratories. Federal R&D investments and federal technology transfer included IoT as one of the growing areas. IoT is now ranked as strategically important by each of the major US Federal agencies that focus on increasing competitiveness, economic prosperity, and national security.
• In December 2021, NXP Semiconductors partnered with Foxconn Industrial Internet Ltd., a subsidy company of Foxconn group to transform the car into the ultimate edge device. NXP provided FII with its comprehensive portfolio of automotive technologies. The initial phase of the joint project focused on developing a full digital cockpit solution that includes digital clusters and a head-up display (HUD) system, which will enable leading global automotive OEMs and Tier Ones to deliver vivid in-vehicle experiences for their customers.

Regional Analysis

Geographically, the countries covered in the ultra-low-power microcontroller market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

As per Data Bridge Market Research analysis:

North America is the dominant region in ultra-low-power microcontroller market during the forecast period

North America dominated the ultra-low-power microcontroller market due to consumer electronics' high consumption. North America will continue to dominate the ultra-low-power microcontroller market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the large number of manufacturers and increasing growth of semiconductor industry in this region. 

Asia-Pacific is estimated to be the fastest growing region in ultra-low-power microcontroller market

Asia-Pacific is expected to grow during the forecast period due to the increasing adoption of embedded systems in this region's consumer electronics. In addition to this, heavy investments in research and development are expected to propel the market's growth rate.

COVID-19 Impact Analysis

The outbreak of COVID-19 largely impacted the healthcare industry. The main cause of the global shortage is lockdowns during the COVID-19 pandemic. Because of these global lockdowns, chip production facilities in China were shut down, resulting in inventory depletion. With more people studying and working from home during the pandemic, demand for computers, monitors, network peripherals, and home entertainment internet services has increased. This has put a significant strain on the semiconductor supply chain. This has resulted in a significant gap between global supply and demand for semiconductor chips. Therefore, the ultra-low-power microcontroller market was adversely affected by it and further limited the industry's expansion.

On the brighter side, there has been a decline in COVID-19 patients worldwide, which will result in continuation of various operations. Moreover, the restrictions and measures are likely to relax, which will help market to witness a slight increment, as the manufacturers are focusing on various developments and innovations, market trends, and other expansion strategies. Thus, the ultra-low-power microcontroller market will grow at an accelerated pace post COVID-19.