Lucintel Forecasts Ultra-Low Power Microcontroller Market to Grow at a CAGR of 23%-25%

According to the recent study the ultra-low power microcontroller market is projected to grow at a CAGR of 23%-25% from 2021 to 2026. Growth in this market is primarily driven by rising demand for low-power microcontrollers from the consumer electronics industry and a surging demand for IoT ecosystem.
Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in ultra-low power microcontroller market by packaging type (8-bit packaging, 16-bit packaging, and 32-bit packaging), peripheral device (analog devices and digital device), end use industry (manufacturing, automotive, healthcare, telecommunication, aerospace & defense, media & entertainment, server & data centers, consumer electronics, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Analog devices market is expected to remain the largest segment during the forecast period.”
Based on peripheral device, the ultra-low power microcontroller market is segmented into analog devices and digital device. Lucintel forecasts that the analog devices market is expected to remain the largest segment during the forecast period due to growth in the consumer electronics, healthcare, and communication industries.
“Within the forensic technology market, the consumer electronics segment is expected to remain the largest end use industry”
Based on end use industry, the consumer electronics segment is expected to witness the largest segment over the forecast period due to high penetration of ultra-low-power microcontrollers in consumer electronic devices, such as laptops, smartphones, gaming devices, smart home devices, and smart appliances.
“Asia Pacific will dominate the ultra-low power microcontroller market in near future”
Asia Pacific is expected to be the largest region over the forecast period due to increasing demand in the consumer electronics and automobile industries, and rise in adoption of IoT devices in the region.
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Major players of ultra-low power microcontroller market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Texas Instrument, Microchip Technology, STMicroelectronics, Renesas Electronics Corporation, Cypress Semiconductor Corporation, NXP Semiconductors N.V., Silicon Laboratories, Maxim Integrated, Analog Devices,, and ON Semiconductor are among the major ultra-low power microcontroller providers.
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