Worldwide Ultra-Low-Power Microcontroller Industry to 2027 - Impact of COVID-19
DUBLIN, Nov. 24, 2020 /PRNewswire/ -- The "Ultra-Low-Power Microcontroller - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the Global Ultra-Low-Power Microcontroller market accounted for $4.77 billion in 2019 and is expected to reach $23.42 billion by 2027 growing at a CAGR of 22.0% during the forecast period. Rising adoption of low-power consumption devices, rising demand for low-power microcontrollers from the consumer electronics industry, and surging demand for IoT ecosystem are some of the major factors propelling the growth of the market. However, design complexities in high-speed and power-critical applications are hampering the growth of the market.
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