According to the latest report by IMARC Group, “Global 8-Bit Microcontroller Market Trends, Share, Growth, Industry Size, Opportunity and Forecast 2022-2027“, the global 8-bit microcontroller market reached a value of US$ 7.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.73 Billion by 2027, exhibiting a CAGR of 6.70% during 2022-2027.
An 8-bit microcontroller comprises of an 8-bit central processing unit (CPU) and a set of high-performance state-of-the-art peripherals, such as memory, controllers, interfaces, external hardware, etc., to assist with computation. It consumes low power and improves computer performance. Consequently, an 8-bit microcontroller is extensively utilized in gaming software, word processing, music development, spreadsheets, task management, etc. Presently, the key market players are developing variants in various shapes and size integrated with complex features, including advanced hardware security, multiple cores, internet capabilities, etc.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
|Base Year: 2021|
|Forecast Year: 2022-2027|
8-Bit Microcontroller Market Trends and Drivers:
The widespread adoption of heating, ventilation, and air conditioning (HVAC) systems in schools, airports, hospitals, commercial buildings, etc., is primarily driving the 8-bit microcontroller market. In line with this, the growing product utilization in the electronics of vehicles to withstand extreme environmental conditions and stress is further catalyzing the market growth. Additionally, the inflating popularity of smart medical device technology in telehealth and remote patient monitoring is propelling the need for 8-bit microcontrollers in nebulizers and syringe pumps to facilitate continuous drug delivery or real-time dosing control.
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This, in turn, is acting as another significant growth-inducing factor. Moreover, the emerging trend of home automation and the escalating demand for miniature devices are also positively influencing the global market. Apart from this, the introduction of the Internet of Medical Things (IoMT), which gathers medical tools connected to public healthcare technology infrastructure via internet-based communications systems, is anticipated to fuel the 8-bit microcontroller market over the forecasted period.
Global 8-Bit Microcontroller Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Analog Devices Inc., Holtek Semiconductor Inc., Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors N.V., Renesas Electronics Corporation. Seiko Epson Corporation, Silicon Laboratories Inc., Sony Group Corporation, STMicroelectronics N.V., Texas Instruments Incorporated and Zilog Inc. (Littelfuse Inc.).
The report has segmented the market on the basis of region, product type and end use industry.
Breakup by Product Type:
- Less Than 80 Pins
- 80-120 Pins
- More Than 120 Pins
Breakup by End Use Industry:
- Aerospace and Defense
- Consumer Electronics and Home Appliances
- Data Processing and Communication
The Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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