8-Bit Microcontroller Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

8 - bit Microcontroller Industry Overview

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. Major firms with a sizable market share are concentrating on growing their consumer base internationally. These businesses rely on smart joint ventures to enhance their market share and profitability. With global players heavily focusing on 16-bit and 32-bit microcontrollers, the investment in this space is slowing down. Therefore, existing players enjoy low competition.

• June 2022 - Microchip Technology Inc. announces the AVR-IoT Cellular Mini Development Board based on the AVR128DB48 8-bit microcontroller (MCU). This solution provides a robust platform for building sensor and actuator nodes on 5G narrowband IoT networks. The AVR-IoT Cellular Mini Development Board is a small form factor board. It is ideal for developers who want to connect IoT devices to an available 5G network.
• June 2022 - Metalenz, the first company to commercialize meta-optics, and STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced that ST's currently released VL53L8 direct Time-of-Flight (dToF) sensor is the highly anticipated market debut of the meta-optics devices developed through their partnership, which was disclosed in June 2021.