Press release
8Bit Microcontrollers Market Growing Demand, Share, Size and Forecast 2021-2027
The 8Bit Microcontrollers market research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2021 and 2027 and also provides the forecast data from year 2021 to 2027 which is based on revenue. With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights 8Bit Microcontrollers market research report recommends a business strategy for present market participants to strengthen their position in the market.The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Microchip Technology, Renesas Electronics, NXP Semiconductors, STMicroelectronics, Cypress Semiconductor, Silicon Laboratories, Holtek Semiconductor, Infineon Technologies, IXYS, Panasonic, Sony, Epson
Industry News:
March 2019: Renesas acquired Integrated Device Technology (IDT) to provide a broader range of embedded solutions, by combining IDT’s RF, memory interface, real-time interconnect, wireless power, and smart sensors with its microcontrollers, system-on-chips, and power management ICs.
The Global 8Bit Microcontrollers Market Size is Projected to Reach at a CAGR of 4.47% during 2021-2027.
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Covid-19 Impact and Recovery Analysis:
The number one goal of this 8Bit Microcontrollers Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this 8Bit Microcontrollers market document.
8Bit Microcontrollers market Segmentation By Type:
Universal Type
Exclusive Type
8Bit Microcontrollers Market Segmentation By Application:
Aerospace and Defense
Consumer Electronics
Home Appliances
Automotive
Healthcare
Data Processing
Other
Market Overview
The global 8-bit microcontroller market was valued at USD 8.09 billion in 2020 and expected to reach USD 10.58 billion by 2026 and grow at a CAGR the forecast period (2021 - 2026). Microcontrollers are one of the most in-demand electronic components, with a wide range of applications in almost every industry vertical. Modern electronic devices are becoming increasingly dependent on these systems for computing power needed for operations.
8-bit microcontrollers are retaining their market share, aided by strong demand for automotive and industrial applications. Also, advances in architecture, motor control, smart energy management, and ethernet and wireless connectivity requirements for home automation and control have led to a new range of applications for 8-bit MCUs.
8-bit low-pin-count (LPC) microcontrollers take advantage of process shrinks to increase their functionality and thus, serve more applications at a lower cost.
However, intense competition from 16-bit and 32-bit microcontroller systems is one of the key challenges restraining the growth of the market.
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North America to Hold the Largest Market Share
The North American market for 8-bit microcontrollers is expected to be driven by the innovation in various segments, such as communication, consumer devices, and automotive, over the forecast period.
This region is one of the leading consumers of microcontrollers, due to the strong demand for high-end equipment, across major end-user applications. For instance, the increasing popularity of electric, hybrid, and self-driven vehicles is one of the factors driving the growth of the 8-bit microcontroller market.
The increasing adoption of e-bicycles and moped's is anticipated to aid the market. According to IEA, in 2017, US cities partnered to mass-purchase electric vehicles (approximately over 110,000 electric vehicles) for their public transportation.
Smartphones, industrial automation, and smart infrastructure devices, such as meters, communications, and electric vehicles, are also the key drivers for the growth of microcontrollers in North America, especially the United States.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Significant Features and Key Highlights of the Reports:
– Detailed overview of 8Bit Microcontrollers Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of 8Bit Microcontrollers Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The report gives answers to the following:
What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the 8Bit Microcontrollers industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the 8Bit Microcontrollers marketplace in the during the forecast period?
Impact of COVID-19:
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the 8Bit Microcontrollers market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization: -
The Global 8Bit Microcontrollers Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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