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
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Peripheral Type (Analog Devices, Digital Devices), Type (General Purpose Sensing and Measurement MCUs, Capacitive Touch Sensing MCUs, Ultrasonic Sensing MCUs), Component (Hardware, Software, Services), Packaging Type (32 Bit Packaging, 16 Bit Packaging, 8 Bit Packaging), Network Connectivity (Wireless, Wired), RAM Capacity (More than 512 Kb, 96 Kb-512 Kb, Less than 96 Kb), Retention Power Mode (2.4 μW- 3.5 μW, 1.6 μW- 2.4 μW, More than 3.5 μW), Application (General Test and Measurement, Sensing, Flow Measurement, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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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.), Holtek Semiconductor Inc. (China), Zilog, Inc. (U.S.), Silicon Laboratories (U.S.), LAPIS Semiconductor, Co., Ltd. (Japan), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD. (China), Profichip USA (U.S.), e-peas (Belgium), Ambiq Micro, Inc. (U.S.), TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan)
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Data Points Covered in Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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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.
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.
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.
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
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.
Global Ultra-Low-Power Microcontroller Market-Industry Trends and Forecast to 2029
Asia-Pacific Ultra-Low-Power Microcontroller Market - Industry Trends and Forecast to 2029
Middle East and Africa Ultra-Low-Power Microcontroller Market - Industry Trends and Forecast to 2029
Europe Ultra-Low Power Microcontroller Market - Industry Trends and Forecast to 2029
North America Ultra-Low-Power Microcontroller Market - Industry Trends and Forecast to 2029