Middle East and Africa 8-Bit Microcontroller Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Middle East and Africa 8-Bit Microcontroller Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Middle East and Africa 8-Bit Microcontroller Market are anticipated to grow with a CAGR of 3.5% during the forecast period (2021 - 2026). There is a growing percentage of coronavirus cases, a rising geriatric population, and the occurrence of diseases such as diabetes, high blood pressure, and so on. As a result, the demand for electronic medical devices to measure oxygen levels, temperature, blood pressure, sugar levels, and so on is increasing.

Key Highlights

• Microcontrollers are among the most in-demand electronic components, with a wide range of applications in almost every industry vertical. Modern electronic devices are increasingly dependent on these systems for the computing power needed for operations.​
• The sustained increase in the sales of electronic devices has led to an upsurge in the consumption of processing units. The microcontroller market, at large, has recorded strong growth over the last few decades, with 32-bit microcontrollers leading in terms of volume demand.​
• However, 8-bit microcontrollers have retained their market share, aided by strong demand for automotive and industrial applications. The rising need for processing power remains the key driver in the microcontroller industry.​
• Smartphones and smart wearables are a vital market for microcontrollers. Therefore, the increasing consumption of smartphones and wearable technologies is creating a demand for microcontrollers, causing a significant impact on the market. According to Jefferies, JioPhone Next has a 540 million-person addressable market, and Jio might see a 10% revenue increase in FY 2023. Smartphones currently have a 12-72% more tariff than basic phones on Jio. If current pricing remains unchanged, upgrades by 115 million JioPhone users might increase income by 10%.
• Moreover, devices such as smoke detectors, thermostats, and glass breakage detection systems use the advantage of 8-bit MCUs, like ultra-low power consumption and integrated high-performance analog features. With the rising initiatives for smart homes across various countries, these devices are witnessing increased adoption, specifically in the Middle Esat and Africa Region.

Key Market TrendsElectric Appliance to Witness a Significant Market Share

• Toshiba's TMP86FS49 microcontroller utilizes Silicon Storage Technologies' (SST) SuperFlash memory, and it combines specialized peripherals for front-panel applications in domestic appliances with an 8-bit core for cost-effective implementation. This home appliance microcontroller is based on the TLCS-870/C 16MHz 8-bit CPU core from the business, including 731 basic commands. It enables power conservation via dual clock capability that allows the device to run at 32.768kHz. Such features in the product development will increase the usage of 8-bit home Appliances.
• Furthermore, In December 2021, Shelly Plus Line, the next generation of Shelly devices, was presented by IoT inventor Allterco, makers of the Shelly line of home automation products. The new line builds on the brand's robust integration capabilities and offers enhanced safety features to provide the ultimate experience in home automation and control. Featuring an ultra-fast processor ESP32 and faster connectivity via Bluetooth technology, in addition to the proven Wi-Fi connection, the new line also builds upon the brand's robust integration capabilities. It offers enhanced safety features to provide the ultimate experience in home automation and control.
• Smartwatch sales across the globe are also experiencing steady growth, owing to the additional features. Brands, such as Fossil and Apple, keep the pricing of these devices consistent with the price bands of traditional watches to maintain their revenues. With Google's WearOS, many other premium watchmakers, such as TAG and Armani, have also entered the smartwatch segment. This indicates that the market for SLP is dominated by the demand from the consumer electronics industry.​
• While the investments in the 8-bit R&D space have declined over the last few years, many companies can integrate the new-age design architecture and principles developed for the 16 & 32-bit counterparts. Innovations, such as CIP (Core Independent Principles), have started using the 8-bit technology in electronic appliances.

Automotive Will Observe a Gradual Growth

• This growth of electric and hybrid vehicles is having a great impact on the 8-bit microcontroller market growth. The growth of this market will further lead to additional demands on electronic equipment, which influences the 8-bit microcontroller market due to the lower prices and the need for these microcontrollers in electric and hybrid cars. ​
• The increasing demand for advanced driver assistance systems (ADAS) and premium audio systems are a few factors expected to drive the automotive electronics market during the forecast period. This growth will impact the adoption rate of various microcontrollers and the rest of the electronic units. The different types of microcontrollers used in automobiles are AVR microcontroller, 8051 microcontrollers, PIC microcontroller, and others.​
• The rise of new applications, like in-vehicle infotainment, communications, and safety, is expected to drive the growth of the 8-bit microcontroller market during the forecast period. Therefore, the evolution of different microcontrollers has brought a radical change in automobile designing and manufacturing processes due to their adaptability and flexibility. Globally, the 8-bit microcontroller market in the automotive industry is expected to witness moderately strong growth and profitability.​
• The rising automotive sales and increasing production of autonomous vehicles across the Africa region fuel the demand for inertial systems in the automotive industry. According to OICA (Organisation Internationale des Constructeurs d'Automobiles), In 2020, African motorists purchased around 660,000 passenger cars. South Africa is the continent's largest passenger vehicle market. South African passenger car sales account for about 40% of the continent's sales volume.

Competitive Landscape

The 8-bit microcontrollers market is dominated by global players, like Microchip and NXP, which are expected to retain their present position over the forecast period. 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 and the market is moderately consolidated.

• December 2021: Silicon Labs and Memfault, a specialist in cloud-based diagnostics for embedded devices, have announced a partnership that will integrate new development and operations management features with Silicon Labs' EFR32 and EFM32 devices. Advanced microcontroller units (MCU)-based applications may now de-risk development and launch schedules, allowing them to confidently ship goods that can be monitored and updated in the field.
• July 2021: Maxim Integrated Products, Inc. and Xailient Inc., a company focused on artificial intelligence (AI) for the edge, announced that Xailient's proprietary Detectum neural network detects and localizes faces in video and images using Maxim Integrated's MAX78000 ultra-low-power neural-network microcontroller. Xailient's neural network uses 250 times less power (just 280 microJoules) than traditional embedded solutions. It executes in real-time (at 12 milliseconds per inference) faster than the most efficient face-detection solution available for the edge.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Microchip
Renesas Electronics
STMicroelectronics
Zilog
Infineon Technologies AG
Texas instruments
silicon labs
NEC Electronics
Toshiba
Analog Devices

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.