MarketsandMarkets Presents

Ultra-low-power Microcontroller Market by Peripheral Device (Analog Devices and Digital Devices), Packaging Type (8-bit, 16-bit, and 32-bit), End-Use Application, & Region (North America, Europe, APAC, Rest of the World) (20222027)

The Ultra-low-power microcontroller market is projected to grow from USD 4.9 billion in 2022 to USD 7.9 billion by 2027; it is expected to grow at a CAGR of 10.3% from 2022 to 2027.

The key factors fueling the growth of the market include increasing demand for energyefficient components, miniaturization, and penetration of IoT connected devices. Moreover, increasing investments by automotive OEMs and the government to promote the adoption of electric vehicles is expected to create abundant opportunities in market.