The ultra-low-power microcontroller market has seen rapid growth recently, with its size growing from $4.65 billion in 2023 to $5.12 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.0%. This growth is attributed to the rising demand for smart devices, increased focus on energy conservation in electronic applications, growing use of low-power consumption devices, higher demand for battery-powered devices, and the rise in demand for smart weapons and sensors. The market is expected to continue its rapid growth, reaching $7.59 billion by 2028 at a CAGR of 10.4%. This future growth is driven by increasing demand for medical devices, the need for energy-efficient solutions, growing adoption of battery-powered devices, rising demand for microcontrollers in edge artificial intelligence, and the growth of edge computing devices. Key trends in the forecast period include advanced technological solutions, innovations in wireless technologies, development of power-integrated modules, wearable technologies, and efficient power electronic components.
Global Ultra Low Power Microcontroller Market Key Driver
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 IoT devices is due to the 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 IoT devices is driving the growth of the ultra-low-power microcontroller market.
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Global Ultra Low Power Microcontroller Market Segments
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
By Geography:The regions covered in the ultra-low-power microcontroller market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the ultra-low-power microcontroller market in 2023.
Major Ultra Low Power Microcontroller Industry Players
Broadcom Inc., Cypress Semiconductor Corporation, Texas instruments, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc, Renesas Electronics Corporation, EPSON Semiconductor Solutions Corporation, ON Semiconductor Corporation, Microchip Technology Incorporated, Freescale Semiconductor Inc, Rohm Semiconductors Co Ltd, Xilinx Inc., Nuvoton Technology Corporation, Silicon Laboratories Inc., Mouser Electronics, Nordic Semiconductor, Espressif Systems, Holtek Semiconductor Inc., Zilog Inc, Atmel Corporation, Ambiq Micro Inc, EM Microelectronic, Seiko Instruments, LAPIS Semiconductor Co Ltd, Parallax Inc., Cypress Semiconductor Corporation
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Ultra Low Power Microcontroller Market Overview
An ultra-low-power microcontroller is a type of microcontroller designed to operate with minimal power consumption, optimizing energy efficiency for battery-operated or power-sensitive applications. These microcontrollers extend battery life and reduce energy usage while maintaining performance. They are ideal for applications where power is a critical constraint, such as in wearable devices, internet of Things (IoT) sensors, and remote monitoring systems.
Ultra Low Power Microcontroller Global Market Report 2023 provides data on the global ultra low power microcontroller market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ultra low power microcontroller market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
