Global Ultra-Low-Power Microcontroller Market Analysis 2024 – Estimated Market Size And Key Drivers

 

The Ultra-Low-Power Microcontroller Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ultra-Low-Power Microcontroller Global Market Report 2024, The ultra-low-power microcontroller market size has grown rapidly in recent years. It will grow from $4.65 billion in 2023 to $5.12 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%.  The  growth in the historic period can be attributed to increased demand for smart devices, increasing demand for energy conservation in electronic applications, increasing use of low-power consumption devices, increasing demand for battery-powered devices, and increasing demand for smart weapons and sensors.

The ultra-low-power microcontroller market size is expected to see rapid growth in the next few years. It will grow to $7.59 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.  The growth in the forecast period can be attributed to rising demand for medical devices, increased demand for energy-efficient solutions, growing adoption of battery-powered devices, rising demand for microcontrollers in edge artificial intelligence, and increasing demand for edge computing devices. Major trends in the forecast period include technologically advanced solutions, technological innovations, the development of wireless technologies, the development of power-integrated modules, wearable technologies, and the integration of efficient power electronic components.

The increasing adoption of internet of things (IoT) devices is expected to propel the growth of the ultra-low-power microcontroller market going forward. Internet of Things (IoT) devices are interconnected gadgets that collect, transmit, and act on data via the internet or other networks. The adoption of internet of things (IoT) devices is due to proliferation of high-speed internet and mobile networks, growth of cloud infrastructure, real-time monitoring, and improved convenience and personalized experiences. Ultra-low-power microcontrollers play a critical role in the functionality and efficiency of IoT devices by minimizing power consumption while maintaining the necessary performance to handle IoT applications. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the increasing adoption of Internet of Things (IoT) devices is driving the growth of the ultra-low-power microcontroller market.

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The ultra-low-power microcontroller market covered in this report is segmented –

1) By Component: Hardware, Software, Services
2) By Peripheral: Devices, Analog Devices, Digital Devices
3) By Packaging Type: 8-Bit Packaging, 16-Bit Packaging, 32-Bit Packaging
4) By Application: General Test And Measurement, Sensing, Flow Measurement, Other Applications
5) By End-User Industry: Aerospace And Defense, Automotive, Servers And Data Centers, Consumer Electronics, Telecommunications, Healthcare, Media And Entertainment, Manufacturing, Other End-Users

Major companies operating in the ultra-low-power microcontrollers market are focusing on developing innovative solutions such as energy-efficient ultra-low-power microcontrollers to address the growing demand for energy-saving and high-performance devices. Energy-efficient ultra-low-power microcontrollers refer to microcontroller units (MCUs) designed to operate with minimal power consumption while maintaining high performance. For instance, in March 2024, STMicroelectronics NV, a Switzerland-based semiconductor manufacturing corporation, launched the STM32U0 series, a new line of ultra-low-power microcontrollers designed to enhance energy efficiency across various applications. These microcontrollers can reduce energy consumption by up to 50% compared to previous models. They allow devices to operate longer on the same battery size, making them ideal for industrial sensors, smart meters, and consumer electronics like wearables. Built on the Arm Cortex-M0+ core, the STM32U0 series supports frequencies up to 64 MHz, offers up to 256 KB of Flash memory and 32 KB of SRAM, and features multiple communication interfaces and rich analog peripherals.

The ultra-low-power microcontroller market report table of contents includes:

1. Executive Summary
2. Ultra-Low-Power Microcontroller market Characteristics
3. Ultra-Low-Power Microcontroller market Trends And Strategies
4. Ultra-Low-Power Microcontroller Market – Macro Economic Scenario
5. Ultra-Low-Power Microcontroller market Size And Growth
6. Ultra-Low-Power Microcontroller market Segmentation
7. Regional And Country Analysis
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27. Global Ultra-Low-Power Microcontroller Market Competitive Benchmarking
28. Global Ultra-Low-Power Microcontroller Market Competitive Dashboard
29. Ultra-Low-Power Microcontroller Market Future Outlook and Potential Analysis
30. Appendix

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