Ultra-Low-Power Microcontroller Market Seen Soaring 24.5% Growth to Reach USD 6 Billion by 2030, Projects Univdatos Market Insights

Key Highlights of the Report:

• The increasing popularity of IoT devices such as smart homes, wearables, and industrial sensors has led to a surge in demand for ultra-low-power microcontrollers (ULMPCs).
• ULMPCs are designed to minimize power consumption, which allows them to run on small batteries for extended periods of time. This is particularly useful for IoT devices that need to operate for years on a single battery charge.
• ULMPCs are typically less expensive than traditional microcontrollers, making them an attractive option for cost-sensitive applications.
• Improvements in semiconductor technology have led to the development of more advanced ULMPCs with increased processing power and more features.
• ULMPCs can help reduce energy consumption and greenhouse gas emissions by enabling the development of more energy-efficient devices. This is particularly important as the world moves towards a more sustainable future.

According to a new report by Univdatos Market Insights, The Ultra-Low-Power Microcontroller Market was valued at 1.05 billion in 2022 and is expected to grow at a steady rate of around 24.5% in the forecasted period (2023-2030) owing to the rising penetration of IoT devices. An Ultra-Low-Power Microcontroller is a type of microcontroller that is designed to operate with minimal power consumption. These microcontrollers are typically used in battery-powered devices that require long battery life, such as wearable devices, Internet of Things (IoT) sensors, and medical devices. The increasing demand for wearable devices and smart homes has led to a rising demand for Ultra-Low-Power Microcontrollers.

The rising demand for medical devices and energy-efficient devices has had a significant impact on the ultra-low-power microcontroller (ULMPC) market size. The increasing need for portable and wearable medical devices, such as glucose meters, heart rate monitors, and blood pressure monitors, has driven the demand for ULMPCs that can operate for extended periods of time on a single battery charge. In addition, the growing trend towards energy-efficient buildings and homes has also led to an increase in demand for ULMPCs in building automation and energy management systems. These systems require microcontrollers that can control lighting, heating, and cooling systems in an energy-efficient manner, which is where ULMPCs come in. Moreover, IoT (Internet of Things) devices are becoming more and more common in our daily lives. These devices are often small and low-power, which makes them well-suited for use in IoT applications. To power these devices, many manufacturers are turning to ultra-low-power microcontrollers (ULMPCs). These chips are designed to use very little power, which allows them to run for long periods of time on a small battery or other power source. This is especially important in IoT applications, where devices may be scattered over a large area and may not always be connected to a power source. As the number of IoT devices continues to grow, the demand for ULMPCs is also likely to increase.

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Some of the recent developments are:

• In Oct 2021, Renesas Electronics Corporation revealed the establishment of a new division within its 32-bit RA Family of microcontrollers (MCUs).
• In Feb 2021, STMicroelectronics recently introduced a new line of microcontrollers, the STM32U5* series, which are ultra-low-power devices that offer advanced performance and enhanced cybersecurity features.

Conclusion

The ultra-low-power microcontroller (ULMPC) market is expected to grow significantly in the coming years due to the increasing demand for energy-efficient and portable devices. The market is driven by the need for low-power devices that can operate for extended periods of time on a single battery charge, which is particularly important for IoT devices and medical devices. The development of advanced ULMPCs with increased processing power and more features is also contributing to the growth of the market. Furthermore, the rising demand for energy-efficient buildings and homes has also increased the demand for ULMPCs in building automation and energy management systems.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2023−2030

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis by peripheral devices, packaging type, applications

Competitive Landscape – Top Key Vendors and Other Prominent Vendors