8 - bit Microcontroller Market 2022 Highlights Recent Trends, Market Growth, Business Opportunities till 2027

The 8 - bit Microcontroller Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the 8 - bit Microcontroller market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the 8 - bit Microcontroller market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the 8 - bit Microcontroller market.

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 of 4.42% over the forecast period (2021 - 2026).

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Top Leading Companies of 8 - bit Microcontroller Market are - Microchip Technology Inc., Renesas Electronics Corporation, NXP Semiconductors N.V.., STMicroelectronics N.V., Cypress Semiconductor Corporation, Silicon Laboratories Inc., Holtek Semiconductor Inc., Infineon Technologies AG, IXYS Corporation, Panasonic Corporation, Sony Corporation, Epson Corporation and others.

Industry News and Updates:

- 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.

Key Market Trends:

Consumer Electronics and Home Appliance to Witness a Significant Market Share

- Increasing adoption of Internet of Things (IoT) enabled devices is impacting the 8-bit microcontroller market positively. The growing demand for connected technologies is playing a vital role in the adoption of IoT.
- Smart devices, such as wearables, smoke detectors, thermostats, and glass breakage detection systems, take excellent advantage of 8-bit MCUs' ultra-low power consumption and integrated high-performance analog features.
- Smart thermostats widely employ 8-bit microcontrollers as a cost-effective, low-energy solution. The residential sector constitutes the major market for smart thermostat usage in smart homes. It is estimated that 10% of households, by 2025, across the world will be smart homes, according to HCL.

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.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- 8 - bit Microcontroller Market Size & Analysis (2017 - 2027)
- Market Share Analysis of 8 - bit Microcontroller Market (%),2017 - 2027
- 8 - bit Microcontroller Market Share, By Brand
- 8 - bit Microcontroller Market Share, By Company
- 8 - bit Microcontroller Market Assessment & Opportunity (Value),2017 - 2027
- Major Companies 8 - bit Microcontroller Market Value Analysis & Forecast
- Promising 8 - bit Microcontroller Development by Major Companies
- Detailed 8 - bit Microcontroller Portfolio of the Major Companies
- Major Deals in the 8 - bit Microcontroller Market
- Major Companies Analysis

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