A fresh report titled on “Ultra-low-power Microcontroller Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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The Ultra-Low-Power Microcontroller Market is expected to grow from US$ 4.4 Billion in 2019 to US$ 12.9 Billion by 2024, at a CAGR of 24.1%. This report spread across 190 pages, profiling 10 companies and supported with 153 tables and 52 figures is now available in this research.
Topmost Outstanding Market Players:
- Texas Instrument Inc. (US)
- Microchip Technology Inc. (US)
- STMicroelectronics (Switzerland)
- Renesas Electronics Corporation (Japan)
- Cypress Semiconductor Corporation (US)
“The 32-bit ultra-low-power microcontroller market is expected to hold the largest share during the forecast period”
The 32-bit ultra-low-power microcontroller segment is expected to lead the market between 2019 and 2024. The growth of these microcontrollers can be attributed to its feature of offering a balance between power consumption and high performance. This helps to meet the needs of power-constrained or low-power applications seeking battery-savvy functionality for the Internet of Things (IoT) and connected devices.
“The analog devices is expected to hold the largest share of the ultra-low-power microcontroller market during the forecast period”
The market for ultra-low-power microcontrollers with analog devices is high as low power devices are majorly used in different applications to fetch real-world signals such as temperature, pressure, acceleration, and speed, which are measured and converted into digital signals. The benefits of analog peripherals devices include high reliability, reduced noise, low latency, and decreased costs.
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“The market for the automotive industry is expected to witness the highest growth from 2019 to 2024”
The growth of this segment can be attributed to the increasing demand in applications such as interior cabin motors, capacitive touch screens, and infotainment systems. The use of ultra-low-power MCUs in automotive applications also improves fuel efficiency and battery life. In automobiles, analog signals measure speed, pressure, and temperature levels through various body sensors. With the increase in body electronics and telematics in vehicles, these parameters are constantly measured to send required notifications for IoT network.
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the ultra-low-power microcontroller market
- To define, describe, and forecast the ultra-low-power microcontroller market by peripheral device, packaging type, end-use application, and region
- To forecast the market size of various segments, in terms of value, with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To forecast the global market size of the ultra-low-power microcontroller in terms of volume
- To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market rank and core competencies, along with detailing the competitive landscape for market leaders
- To analyze competitive developments such as agreements, contracts, partnerships, mergers and acquisitions, and product launches in the ultra-low-power microcontroller market
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