Global 8-bit Microcontroller Market Size

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.