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Ultra Low Power Microcontroller Market Segmented By Packaging type such as 8 Bit, 16 Bit and 32 Bit with Verticals such as Healthcare, Manufacturing, IT and Telecom, Military and Defense, Media and Entertainment, Automotive, Consumer Goods
Dedicated controllers for “Internet of Things (IoT)” and battery operated devices are the main reason ultra low power microcontrollers (MCU) gaining traction in recent times. The advancements in technology by major players by giving components with least power consumption is keeping the market trending. The battery operated devices are more in use in recent time and no one appreciates to recharge frequently. These ultra low power microcontrollers (MCU) consumes less power and give more time to battery operated devices.
The main and foremost reason for the low power consumption of these microcontrollers is the deployment of different semiconductor technologies and circuit design techniques by different companies. Not only these devices ultra low power microcontroller (MCU) are also used in consumer electronics, data logging applications, portable medical instruments etc. Ultra low power microcontroller are the components in the circuit which control the functioning of a device giving up very less power.
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The major driver for ultra low power microcontroller market is the increase in investments for research and development by companies globally. Ultra low power microcontroller as a component has different technologies from which it is made according to power consumption readings. Another driver which helps this market to grow is the increased use of battery operated devices which have in tern increased the number of ultra low power microcontroller’s sales.
The major challenge faced by the ultra low power microcontroller market is that there are many players for this product in the market making the market more competitive and hard for sales
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Ultra Low Power Microcontroller (MCU) Market: Key Players
Some of the key players of ultra low power microcontrollers market are: Texas instruments, Microchip Technology Inc., STMicroelectronics, NXP Semiconductors, Silicon Laboratories, Atmel Corporation and Renesas Electronics Corporation
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In August 2017, Microchip Technology Inc. launched a new family of ultra low power microcontroller with products named SAMD5x and SAME5x. Both the products are specified as 32-bit and are said to have additional benefits like extensive connectivity interfaces and robust hardware-based security for a variety of applications
On the basis of geography, ultra low power microcontroller (MCU) market can be segmented into five key regions namely North America, Latin America, Europe, APAC and Middle East & Africa. Among various regions, the ultra low power microcontroller (MCU) market in Asia Pacific is expected to dominate during the forecast period owing to large number of companies set up in this region which uses ultra low power microcontroller for their devices, the other reason being the manufacturing of battery operated devices in this region. Asia Pacific region is expected to be followed by North America and Europe.
In North America and Europe region, the market of ultra low power microcontroller (MCU) market is significantly growing owing to the presence of growing small and large consumer device manufacturers present in this region.
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
