Rising need for energy efficiency in consumer electronics impact on Ultra-low-power Microcontroller Market

 According to a research report "Ultra-low-power Microcontroller Market by Peripheral Device (Analog Devices and Digital Devices), Packaging Type (8-bit, 16-bit, and 32-bit), End-Use Application, & Region (North America, Europe, APAC, Rest of the World) - Global Forecast to 2027" published by MarketsandMarkets, the ultra-low-power microcontroller market is projected to grow from USD 4.9 billion in 2022 to USD 7.9 billion by 2027; it is expected to grow at a CAGR of 10.3% from 2022 to 2027.  

Browse 186 market data Tables and 67 Figures spread through 250 Pages and in-depth TOC on "Ultra-low-power Microcontroller Market by Peripheral Device (Analog Devices and Digital Devices), Packaging Type (8-bit, 16-bit, and 32-bit), End-Use Application, & Region (North America, Europe, APAC, Rest of the World) - Global Forecast to 2027"

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Power electronics in consumer electronics help in minimizing power consumption. Any consumer electronics that require electrical power from a battery needs a power management solution for the conversion of electrical energy. The increasing adoption of consumer and connected devices is expected to drive the demand for energy-efficient solutions. Such kinds of electronic products are used in a wide range of home appliances, such as air-conditioning power supplies, washing machines, dishwashers, and induction heaters.

 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 greater 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.

Consumer electronics has become one of major competitive and high-growth rate markets. Almost all the tier-1 power electronics manufacturing companies are investing either in research and development activities or merger & acquisition (M&A) in order to expand their product portfolio and strengthen market presence. For instance, in October 2021, Renesas Electronics Corporation launched 32-bit ultra-low-power MCUs based on Arm Cortex-M23 Core for consumer electronics and IoT devices. Another major development was the acquisition of Cypress Semiconductor by Infineon Technologies in June 2019. This acquisition led to an enhanced presence of Infineon Technologies AG in the ultra-low-power microcontroller market. Cypress Semiconductor offers ultra-low-power MCUs in 8-bit and 32-bit packaging types. 32-bit ULP MCUs of the company are specifically designed for industrial and consumer electronics applications.

Thus, with the increasing strategic initiatives by manufacturing companies and elevating demand for energy-efficient electronics, the emergence of new technologies, such as IoT and 5G, and increasing digitalization, the ultra-low-power microcontroller market is expected to grow notably in the coming years.

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