Market Size of Global 8-bit Microcontroller Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.70 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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8 - bit Microcontroller Market Analysis
The Global 8-bit microcontroller market is expected to grow by registering a CAGR of 4.7% during the forecast period. Smart gadgets, including wearables, smoke detectors, thermostats, and glass breakage detection systems, which excellently benefit from 8-bit MCUs' ultra-low power consumption and integrated high-performance analog features, are a major growth indication for 8-bit MCUs in the manufacturing industries.
- One of the most popular electronic components, 8-bit microcontrollers have a wide range of uses in practically every industry vertical. These systems are increasingly necessary for the computing power required by modern electronic devices. Processing unit consumption has increased due to a result of the ongoing rise in sales of electronic gadgets. Over the past few decades, the microcontroller market has experienced rapid expansion, with 8-bit microcontrollers seeing the highest level of volume demand.
- Additionally, an increase in demand for 8-bit microcontrollers is anticipated as they lower the price of medical devices and also deliver reliable readings and medical data. Manufacturers of medical equipment are predicted to significantly increase their need for 8-bit microcontrollers in the near future.
- A digital signal processor is one highly specific application of an 8-bit microcontroller. Incoming analog signals frequently contain some level of noise. Noise, in this sense refers to uncertain values that are difficult to convert to conventional digital values. An incoming noisy analog signal can be transformed into an even outgoing digital signal by a microcontroller using its ADC and DAC.
- Due to the high demand for automotive and industrial applications, 8-bit microcontrollers are maintaining their market dominance. Additionally, new applications for 8-bit MCUs have emerged as a result of advancements in design, motor control, smart energy management, and the need for ethernet and wireless communication.
- Additionally, they are frequently found in office equipment, including printers, fax machines, photocopiers, and scanners, as well as Smart meters, ATMs, and security systems. In spite of this, more advanced 8-bit microcontrollers carry out essential tasks in robots, medical equipment, spaceships, automobiles, and ocean-going vessels. Microcontrollers can control the functioning of an artificial heart, kidney, or other organs in medical applications. They may also play a crucial role in the operation of prosthetic devices.
- Even today, the 8-bit microcontroller is a great, portable design that offers excellent capabilities in a comparatively tiny form factor. It is often used by experts and amateurs alike for designs where the amount of the data is not the main concern because it is affordable and well-documented. Even while 8-bit microcontrollers are suitable for some applications, they lack some of the durability of 16-bit or 32-bit microcontrollers.
- The vast supply chain disruptions caused by the COVID-19 pandemic had a significant impact on all areas of business and commerce. A global scarcity of microcontrollers that affects the automobile industry and other sectors was the result of several forces coming together. Additionally, the pandemic has caused a sharp increase in demand for microcontrollers in the automotive sector. A critical part of the electronic control units utilized in contemporary infotainment systems, advanced driver assistance systems (ADAS), antilock braking systems (ABS), and other electronic stability systems, 8-bit microcontrollers (MCUs) are in short supply.
8 - bit Microcontroller Industry Segmentation
The term "8 bits" usually refers to the bit width of the CPU. Therefore, an 8-bit microcontroller is a microcontroller with an 8-bit CPU. This means that internal operations are performed in 8-bit numbers, the stored variables are in 8-bit blocks, and external I/O (input/output) is accessed via the 8-bit bus. Due to its reduced power consumption and enhanced computer speed, it is extensively used in task management, word processing, gaming software, music production, and spreadsheets.
The Global 8 - bit Microcontroller Market is Segmented by End-user Industry (Aerospace and Defense, Consumer Electronics and Home Appliances, Automotive, Industrial, Healthcare, and Data Processing and Communication), and Geography.
By End-user Industry | |
Aerospace and& Defense | |
Consumer Electronics and Home Appliances | |
Automotive | |
Industrial | |
Healthcare | |
Data Processing and Communication | |
Other End-user Industries |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
Global 8-bit Microcontroller Market Size Summary
The 8-bit microcontroller market is poised for steady growth, driven by its extensive application across various industries, including consumer electronics, automotive, and industrial automation. These microcontrollers are integral to the functionality of smart gadgets such as wearables, smoke detectors, and thermostats, thanks to their ultra-low power consumption and high-performance analog features. The demand for 8-bit MCUs is further bolstered by their cost-effectiveness and reliability in medical devices, where they provide accurate readings and data. Despite the challenges posed by supply chain disruptions during the COVID-19 pandemic, the market has shown resilience, with a notable increase in demand from the automotive sector, where they are crucial for electronic control units in modern vehicles.
In North America, the market for 8-bit microcontrollers is expected to expand significantly, driven by innovations in communication, consumer electronics, and automotive sectors. The region's strong automotive industry, coupled with the rising adoption of electric, hybrid, and autonomous vehicles, underscores the demand for these microcontrollers. Additionally, the trend towards home automation and the increasing use of smart infrastructure devices further propel market growth. Major players like Microchip and Renesas dominate the market, focusing on expanding their global presence and enhancing their product offerings. Despite the competitive landscape, the investment in 8-bit microcontrollers remains robust, with ongoing developments aimed at integrating advanced functionalities in compact designs.
Global 8-bit Microcontroller Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Increasing Consumption of Smart Devices
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1.4 Market Restraints
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1.4.1 Intense Competition from 16-bit and 32-bit Microcontroller Systems
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1.5 Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By End-user Industry
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2.1.1 Aerospace and& Defense
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2.1.2 Consumer Electronics and Home Appliances
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2.1.3 Automotive
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2.1.4 Industrial
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2.1.5 Healthcare
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2.1.6 Data Processing and Communication
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2.1.7 Other End-user Industries
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Latin America
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2.2.5 Middle East & Africa
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Global 8-bit Microcontroller Market Size FAQs
What is the current Global 8-bit Microcontroller Market size?
The Global 8-bit Microcontroller Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)
Who are the key players in Global 8-bit Microcontroller Market?
Microchip Technology Inc., Renesas Electronics Corporation, NXP Semiconductors N.V., STMicroelectronics N.V. and Cypress Semiconductor Corporation are the major companies operating in the Global 8-bit Microcontroller Market.