The report "Ultra-low-power Microcontroller Market by Peripheral Device (Analog Device and Digital Device), Packaging Type (8-bit Packaging, 16-bit Packaging, and 32-bit Packaging), End-use Application, and Region - Global Forecast to 2024", is expected to be worth USD 4.4 billion in 2019 and is projected to reach USD 12.9 billion by 2024, at a CAGR of 24.1% from 2019 to 2024.
Browse 153 market data Tables and 52 Figures spread through 190 Pages and in-depth TOC on "Ultra-low-power Microcontroller Market - Global Forecast to 2024"
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The growth of the ultra-low-power microcontroller market is fueled by the growing adoption of low-power consumption devices, rising demand for low-power microcontrollers from consumer electronics industry, increasing use of building and home automation systems, and surging demand for IoT ecosystem. The growth of the ultra-low-power microcontroller market can also be attributed to the technological advancements such as the development of low-power MCUs and design of 32-bit MCUs for IoT, and the increasing production of ultra-low-power MCUs.
The market for 32-bit ultra-low-power microcontroller expected to hold the largest market share during the forecast period
The 32-bit ultra-low-power microcontroller segment is expected to lead the market between 2019 and 2024. The growth of these microcontrollers can be attributed to its feature of offering a balance between power consumption and high performance. This helps to meet the needs of power-constrained or low-power applications seeking battery-savvy functionality for the Internet of Things (IoT) and connected devices.
Analog devices expected to grow at the highest CAGR during the forecast period
The market for ultra-low-power microcontrollers with analog devices is high as low power devices are majorly used in different applications to fetch real-world signals such as temperature, pressure, acceleration, and speed, which are measured and converted into digital signals. The benefits of analog peripherals devices include high reliability, reduced noise, low latency, and decreased costs. A few of the applications of integrated analog peripherals include industrial instrumentation solutions, industrial controllers, connected home consoles, thermostats, temperature sensors, smart meters, smart grids, blood glucose meters, heart rate monitors, implantable devices, and IoT devices.
The market for consumer electronics expected to hold a significant share of the ultra-low-power microcontroller market in 2019
Ultra-low-power microcontrollers are prominent components of consumer electronics such as laptops, smartphones, gaming devices, smart home devices, and intelligent appliances. Along with the shrinking size of electronic components in electronic devices, manufacturers also focus on producing devices that consume lower power. Therefore, companies are manufacturing devices equipped with ultra-low-power microcontrollers. Owing to the high penetration of ultra-low-power microcontrollers in consumer electronic devices, the consumer electronics application is expected to continue to account for the largest market share during the forecast period.
Asia Pacific held the largest share of the ultra-low-power microcontroller market in 2019
The demand for consumer electronics and automobiles is increasing in this region. With the rising population, the penetration of home appliances is growing at a faster rate. This has propelled the ultra-low-power microcontroller market growth. Also, the adoption of IoT devices is expected to increase in APAC countries such as China, South Korea, and India, which will boost the demand for ultra-low-power microcontroller-embedded low-power devices. Further, APAC is also an appealing manufacturing hub with a large number of manufacturing plants. With growing industrial IoT in the region, the need for low power, battery-operated devices has been increasing, which has led to the growth of the ultra-low-power microcontroller market.
The report profiles key players, including Texas Instrument Inc. (US), Microchip Technology Inc. (US), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Cypress Semiconductor Corporation (US), NXP Semiconductors N.V. (The Netherlands), Silicon Laboratories, Inc. (US), Maxim Integrated (US), Analog Devices, Inc. (US), and ON Semiconductor (US).
The report "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market with COVID-19 Impact Analysis by Component (LED, Photodetector, Microcontroller, Software), Transmission Type, Application, Geography - Global Forecast to 2025" The overall FSO market is expected to grow from USD 402 million in 2020 to USD 1,977 million by 2025; it is expected to grow at a CAGR of 37.5% during 2020–2025. The overall VLC market is expected to grow from USD 6.3 billion in 2020 to USD 80.3 billion by 2025; it is expected to grow at a CAGR of 66.5% during 2020–2025. Key factors fueling this markets growth include the alternative solution to overburdened RF technology for outdoor networking, last-mile connectivity, faster and safer data transfer than other challenging technologies, and less energy consumption by LEDs. The demand for Li-Fi technology is increasing across the world to provide secure communications with high data bandwidth, and so on. Various applications such as healthcare, consumer electronics, defense, and commercial create a strong demand for FSO/Li-Fi for efficient industrial operations in the midst of COVID-19.
Browse 113 market data Tables and 64 Figures spread through 209 Pages and in-depth TOC on "Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market with COVID-19 Impact Analysis by Component (LED, Photodetector, Microcontroller, Software), Transmission Type, Application, Geography - Global Forecast to 2025"
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Software is expected to gain a significant share of Li-Fi market by 2025
The software is expected to account for the largest share of the Li-Fi market by 2025. Due to the commercialization of bidirectional VLC in late 2017, the demand for software solutions is projected to rise and support the uplink and downlink for two-way communications in various applications.
Based on application, Healthcare and underwater communication to witness the highest CAGR in FSO and VLC markets during 2020–2025
The FSO market for the healthcare application and VLC market for underwater communications application is expected to grow with the highest CAGR during the forecast period. FSOs are hugely deployed in the healthcare application, where wireless communication through radio waves is not allowed due to potential health hazards. On the other hand, Underwater communications rely on acoustic technologies that limit the speeds to a fraction of terrestrial wireless systems. RF does not work underwater, but visible light can support high-speed data transmission over short distances in this environment. VLC can be a safe alternative to RF communication and serve the purpose of this untapped application area.
FSO and VLC market in APAC to grow at the highest CAGR during the forecast period
The FSO and VLC market in APAC is expected to grow at the highest CAGR during the forecast period. Increasing manufacturing facilities, advanced infrastructure, and the growing computer-aided design (CAD) industry are the factors driving the FSO market in APAC. Also, with the recent developments and increased expenditure on VLC-related R&D activities, the APAC region is expected to be the fastest-growing market for VLC during the forecast period. Similarly, end-user industries such as automotive, aerospace & defense, and consumer electronics are expected to create huge opportunities for VLC or Li-Fi solution providers.
Key players in the market include fSONA Networks Corp. (Canada), Wireless Excellence Limited (UK), Signify Holding (Netherlands), Oledcomm (France), Lucibel (France), pureLiFi Limited (UK), Acuity Brands (US), Panasonic Corporation (Japan), Fraunhofer HHI (Germany), and Trimble Hungary (Hungry). These players are increasingly undertaking product launches and developments, partnerships, contracts, expansions, and acquisitions, to increase their market shares.
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