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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.

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.

Along with the shrinking size of electronic components in electronic devices, manufacturers also focus on producing devices that consume lower power.

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.

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).

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