logo

8 - bit Microcontroller Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The 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.

Home Industry Reports Electronics 8 - bit Microcontroller Market - Growth, Trends, COVID-19 Impact, and Forecasts ...

Market Snapshot

8-Bit Microcontroller Market Bar Graph
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.42 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The global 8-bit microcontroller market was valued at USD 8.09 billion in 2020 and expected to reach USD 10.58 billion by 2026 and grow at a CAGR of 4.42% over the forecast period (2021 - 2026). Microcontrollers are one of the most in-demand electronic components, with a wide range of applications in almost every industry vertical. Modern electronic devices are becoming increasingly dependent on these systems for computing power needed for operations.

  • 8-bit microcontrollers are retaining their market share, aided by strong demand for automotive and industrial applications. Also, advances in architecture, motor control, smart energy management, and ethernet and wireless connectivity requirements for home automation and control have led to a new range of applications for 8-bit MCUs.
  • 8-bit low-pin-count (LPC) microcontrollers take advantage of process shrinks to increase their functionality and thus, serve more applications at a lower cost.
  • However, intense competition from 16-bit and 32-bit microcontroller systems is one of the key challenges restraining the growth of the market.

Scope of the Report

The 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). Consumer electronics and home appliances registered a significant market share, due to 8-bit MCUs' ultra-low power consumption and integrated high-performance analog features.

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

Report scope can be customized per your requirements. Click here.

Key Market Trends

Consumer Electronics and Home Appliance to Witness a Significant Market Share

  • Increasing adoption of Internet of Things (IoT) enabled devices is impacting the 8-bit microcontroller market positively. The growing demand for connected technologies is playing a vital role in the adoption of IoT. 
  • Smart devices, such as wearables, smoke detectors, thermostats, and glass breakage detection systems, take excellent advantage of 8-bit MCUs' ultra-low power consumption and integrated high-performance analog features. 
  • Smart thermostats widely employ 8-bit microcontrollers as a cost-effective, low-energy solution. The residential sector constitutes the major market for smart thermostat usage in smart homes. It is estimated that 10% of households, by 2025, across the world will be smart homes, according to HCL.
  • With the growing initiatives for smart homes across various countries, these devices are witnessing increased adoption, specifically, in the technologically rich, North American region.
8-Bit Microcontroller Market Share

To understand key trends, Download Sample Report

North America to Hold the Largest Market Share

  • The North American market for 8-bit microcontrollers is expected to be driven by the innovation in various segments, such as communication, consumer devices, and automotive, over the forecast period. 
  • This region is one of the leading consumers of microcontrollers, due to the strong demand for high-end equipment, across major end-user applications. For instance, the increasing popularity of electric, hybrid, and self-driven vehicles is one of the factors driving the growth of the 8-bit microcontroller market. 
  • The increasing adoption of e-bicycles and moped's is anticipated to aid the market. According to IEA, in 2017, US cities partnered to mass-purchase electric vehicles (approximately over 110,000 electric vehicles) for their public transportation.
  • Smartphones, industrial automation, and smart infrastructure devices, such as meters, communications, and electric vehicles, are also the key drivers for the growth of microcontrollers in North America, especially the United States. 
8-Bit Microcontroller Market Growth

To understand geography trends, Download Sample Report

Competitive Landscape

The 8-bit microcontrollers market is dominated by global players, like Microchip and Renesas, which are expected to retain their present position over the forecast period. With global players heavily focusing on 16-bit and 32-bit microcontrollers, the investment in this space is slowing down. Therefore, existing players enjoy the low competition.

  • March 2019: Renesas acquired Integrated Device Technology (IDT) to provide a broader range of embedded solutions, by combining IDT’s RF, memory interface, real-time interconnect, wireless power, and smart sensors with its microcontrollers, system-on-chips, and power management ICs.
8-Bit Microcontroller Market Analysis

Table of Contents

  1. 1. INTRODUCTION

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Increasing Consumption of Smart Devices

    4. 4.4 Market Restraints

      1. 4.4.1 Intense Competition from 16-bit and 32-bit Microcontroller Systems

    5. 4.5 Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. TECHNOLOGY SNAPSHOT

    1. 5.1 Microcontrollers' Primary Attributes

    2. 5.2 Major Applications

  6. 6. MARKET SEGMENTATION

    1. 6.1 By End-user Industry

      1. 6.1.1 Aerospace and& Defense

      2. 6.1.2 Consumer Electronics and Home Appliances

      3. 6.1.3 Automotive

      4. 6.1.4 Industrial

      5. 6.1.5 Healthcare

      6. 6.1.6 Data Processing and Communication

      7. 6.1.7 Other End-user Industries

    2. 6.2 Geography

      1. 6.2.1 North America

      2. 6.2.2 Europe

      3. 6.2.3 Asia-Pacific

      4. 6.2.4 Latin America

      5. 6.2.5 Middle East & Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Vendor Market Share

    2. 7.2 Company Profiles

      1. 7.2.1 Microchip Technology Inc.

      2. 7.2.2 Renesas Electronics Corporation

      3. 7.2.3 NXP Semiconductors N.V..

      4. 7.2.4 STMicroelectronics N.V.

      5. 7.2.5 Cypress Semiconductor Corporation

      6. 7.2.6 Silicon Laboratories Inc.

      7. 7.2.7 Holtek Semiconductor Inc.

      8. 7.2.8 Infineon Technologies AG

      9. 7.2.9 IXYS Corporation

      10. 7.2.10 Panasonic Corporation

      11. 7.2.11 Sony Corporation

      12. 7.2.12 Epson Corporation

      3. *List Not Exhaustive

  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The 8 - bit Microcontroller Market market is studied from 2018 - 2026.

The 8 - bit Microcontroller Market is growing at a CAGR of 4.42% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Microchip Technology Inc., Renesas Electronics Corporation, NXP Semiconductors N.V., STMicroelectronics N.V., Silicon Laboratories Inc. are the major companies operating in 8 - bit Microcontroller Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!