Market Size of Europe 8-bit Microcontroller Industry
![europe 8-bit microcontroller market overview](https://s3.mordorintelligence.com/europe-8-bit-microcontroller-market-industry/1633510472569_europe-8-bit-microcontroller-market-industry_Market_Summary.webp)
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
Forecast Data Period | 2024 - 2028 |
Historical Data Period | 2018 - 2020 |
CAGR | 4.50 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe 8-Bit Microcontroller Market Analysis
The Europe 8-bit microcontroller market is expected to register a CAGR of 4.5% over the forecast period (2021 - 2026). With the peak of COVID-19, the companies experienced a significant delay in raw materials, causing alterations to production schedules. Product shipping to the end-users and distribution partners was highly affected.
- The increasing use of smartphones in the region and the availability of smartphones in various price ranges affect the market's growth. Connected and cloud technologies are increasingly integrated into smartphones, resulting in widespread usage across multiple verticals for business and industrial purposes.
- For Instance, in November 2020, Microchip Technology has introduced the PIC18 8-bit microcontroller (MCU) series, which features a CAN FD (Controller Area Network Flexible Data-Rate) interface. The PIC18 Q84 CAN FD controller family contains several Core Independent Peripherals (CIPs) that handle various tasks without a CPU. The chip can carry sensor data to a CAN FD bus without gateways or complicated network switching mechanisms, making it ideal for automotive and industrial automation applications.
- Process shrinks have allowed 8-bit low-pin-count (LPC) microcontrollers to enhance their functionality and serve more applications at lower costs than ever before. While the 0.35m technology node was limiting even LPC devices, developments in design, motor control, innovative energy management, Ethernet, and wireless connectivity requirements for home automation and control have led to a new variety of applications for 8-bit MCUs.
- Most medical equipment collects analog physiological signals, which require signal conditioning such as amplification and filtering before being measured, monitored, or displayed. For applications such as personal blood pressure monitors, pulse oximeters, and heart rate monitors, 8-bit MCUs can construct an ultra-low-power platform that includes the entire signal chain. Mobile devices with integrated RF/ZigBee or Wi-Fi interfaces and transceivers for remote patient monitoring are also becoming more popular.
- 8-bit microcontrollers are inexpensive and straightforward to program. In reality, they are still widely used in a variety of applications after four decades. However, if users are working on a product that requires a lot of internal Random Access Memory (RAM), they might have to go with a 32-bit instead of an 8-bit. 32-bit microcontrollers often have eight times the RAM of their 8-bit counterparts. A 32 pin microcontroller is the better processor application option if the user requires a large buffer to hold audio data.