Market Overview 2022-2027:
The latest research study “8-Bit Microcontroller Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
Industry Definition and Application:
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.
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Market Trends:
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. 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.
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| 8-Bit Microcontroller Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 7.14 Billion |
| Market forecast in 2027 | US$ 10.73 Billion |
| Growth Rate | CAGR of 6.70% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product Type, End Ese Industry and Region |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Less Than 80 Pins
- 80-120 Pins
- More Than 120 Pins
Breakup by End Use Industry:
- Automotive
- Aerospace and Defense
- Consumer Electronics and Home Appliances
- Healthcare
- Data Processing and Communication
- Others
Breakup by Geography:
- 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
Competitive Landscape with Key Player:
- Analog Devices Inc.
- Holtek Semiconductor Inc.
- Infineon Technologies AG
- Silicon Laboratories Inc.
- Sony Group Corporation
- STMicroelectronics N.V.
- Texas Instruments Incorporated
- Microchip Technology Inc.
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Seiko Epson Corporation
- Zilog Inc. (Littelfuse Inc.).
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