Ultra-low-power Microcontroller Market : Industry Trends and Technology Update 2024

Ultra-low-power microcontrollers allow components and devices to operate and process the data by consuming extremely low power. These microcontrollers extend the battery life and operational lifetime of devices. These ultra-low-power microcontrollers are the best fit for sensor nodes in IoT, connected devices, consumer devices, wearables, and other low power electronics.

The demand for low-power consumption devices is increasing at a significant rate across the world. This has led to the requirement for the improved and efficient operation of electronic devices. Ultra-low-power microcontrollers are largely used in consumer electronics such as smartphones, smart TVs, wearables, wireless speakers, gaming consoles, and earphones and headphones to reduce the power consumption, as well as ensure higher performance and more excellent functionalities of these devices. The use of ultra-low-power microcontrollers in consumer electronics is also supplemented by the increasing use of these devices for connected networks and IoT.

The ultra-low-power microcontroller market is expected to grow from USD 4.4 billion in 2019 to USD 12.9 billion by 2024, at a CAGR of 24.1%. Texas Instrument Inc. (US), Microchip Technology Inc. (US), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Cypress Semiconductor Corporation (US), NXP Semiconductors N.V. (The Netherlands), Silicon Laboratories, Inc. (US), Maxim Integrated (US), Analog Devices, Inc. (US), and ON Semiconductor (US) are the major players contributing to the growth of the ultra-low-power microcontroller market.

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Among all packaging types, 32-bit ultra-low-power microcontrollers holds the largest size of the ultra-low-power microcontroller market. 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.

Among peripheral devices, the market for analog devices is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing adoption of these devices 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. A few of the applications of integrated analog peripherals include industrial instrumentation solutions, industrial controllers, connected home consoles, thermostats, temperature sensors, smart meters, smart grids, blood glucose meters, heart rate monitors, implantable devices, and IoT devices.

Among all end-user applications, the ultra-low-power microcontroller market for automotive is expected to grow at the highest CAGR during the forecast period. 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. This forms a base for the growing adoption of integrated analog peripheral devices for automotive applications. Ultra-low-power MCUs in the automotive sector are used 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.

Among all regions, the market in APAC is expected to witness the highest CAGR during the forecast period. The region has emerged as a global focal point for significant investments and business expansion opportunities. The demand for consumer electronics and automobiles is increasing in this region. With the rising population, the penetration of home appliances is growing at a faster rate. This has propelled the ultra-low-power microcontroller market growth. Also, the adoption of IoT devices is expected to increase in APAC countries such as China, South Korea, and India, which will boost the demand for ultra-low-power microcontroller-embedded low-power devices.

Several key players in the ultra-low-power microcontroller market are already tapping these opportunities by increasing the R&D budget to focus on providing better performance. The growing traction of connected devices and equipment has also instigated many low-power device manufacturers to develop multi-technology integrated solutions for customers.

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