Global 8 - bit Microcontroller Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "8 - bit Microcontroller Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

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).

Companies Mentioned

• 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

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.
• With the growing initiatives for smart homes across various countries, these devices are witnessing increased adoption, specifically, in the technologically rich, North American region.

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.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increasing Consumption of Smart Devices

4.4 Market Restraints

4.4.1 Intense Competition from 16-bit and 32-bit Microcontroller Systems

4.5 Value Chain Analysis

4.6 Industry Attractiveness - Porter's Five Forces Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry

5 TECHNOLOGY SNAPSHOT

5.1 Microcontrollers' Primary Attributes

5.2 Major Applications

6 MARKET SEGMENTATION

6.1 By End-user Industry

6.1.1 Aerospace and& Defense

6.1.2 Consumer Electronics and Home Appliances

6.1.3 Automotive

6.1.4 Industrial

6.1.5 Healthcare

6.1.6 Data Processing and Communication

6.1.7 Other End-user Industries

6.2 Geography

6.2.1 North America

6.2.2 Europe

6.2.3 Asia-Pacific

6.2.4 Latin America

6.2.5 Middle East & Africa

7 COMPETITIVE LANDSCAPE

7.1 Vendor Market Share

7.2 Company Profiles

7.2.1 Microchip Technology Inc.

7.2.2 Renesas Electronics Corporation

7.2.3 NXP Semiconductors N.V..

7.2.4 STMicroelectronics N.V.

7.2.5 Cypress Semiconductor Corporation

7.2.6 Silicon Laboratories Inc.

7.2.7 Holtek Semiconductor Inc.

7.2.8 Infineon Technologies AG

7.2.9 IXYS Corporation

7.2.10 Panasonic Corporation

7.2.11 Sony Corporation

7.2.12 Epson Corporation

8 INVESTMENT ANALYSIS

9 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/rx1uz6