8-Bit Microcontroller Market Share, Industry Trends, Size & Demand 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.

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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8-Bit Microcontroller 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.

8-Bit Microcontroller Market Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered:

Analog Devices Inc.
Holtek Semiconductor Inc.
Infineon Technologies AG
Seiko Epson Corporation
Silicon Laboratories Inc.
Sony Group Corporation
STMicroelectronics N.V.
Microchip Technology Inc.
NXP Semiconductors N.V.
Renesas Electronics Corporation
Texas Instruments Incorporated
Zilog Inc. (Littelfuse Inc.).

Key Market Segmentation:

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:

Automotive
Aerospace and Defense
Consumer Electronics and Home Appliances
Healthcare
Data Processing and Communication
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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