Lucintel Forecasts 8 - Bit Microcontroller Market to Grow at a CAGR of 4% to 6% from 2020 to 2025

According to the recent study the 8 - bit microcontroller Market is projected to grow at a CAGR of 4% to 6% from 2020 to 2025. Growth in this market is primarily driven by growing adoption of microcontrollers in the automotive sector and surging awareness regarding smart energy management with technological advancements.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in 8 - bit microcontroller market by product types (less than 80 pins, 80-120 pins, and more than 120 pins), by end use industry (aerospace & defense, consumer electronics, automotive, industrial, healthcare, data processing and communication, and others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)).

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“Consumer electronics market is expected to remain the largest segment during the forecast period.”

Based on end use industry, the 8 - bit microcontroller market is segmented into aerospace & defense, consumer electronics, automotive, industrial, healthcare, data processing and communication, and others. Lucintel forecasts that the consumer electronics market is expected to remain the largest segment due to increasing adoption of Internet of Things (IoT) enabled devices.

“North America will dominate the 8 - bit microcontroller market in near future.”

North America will remain the largest region and it is expected to witness highest growth over the forecast period due to the increasing demand of electric, hybrid, and self-driven vehicles.

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Major players of 8 - bit microcontroller market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Microchip, Renesas Electronics, STMicroelectronics, Analog Devices, NXP, Texas Instruments, Toshiba, Maxim Integrated, Infineon Technologies, and Zilog Inc. are among the major 8 - bit microcontroller providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/8-bit-microcontroller-market.aspx or helpdesk@lucintel.com

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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