During the forecast period, the embedded system market is anticipated to register a CAGR of 5.8%. By 2022, the market is expected to be worth US$ 86,450.3 million, and by 2032, it’s expected to be worth US$ 1,52,544.6 million.
The embedded system is quickly gaining popularity on a global scale because it is widely utilised in manufacturing for a variety of functions, including temperature control, driving, networking machinery, controlling the speed of assembly lines, and other duties.
An embedded system’s widespread use can be due to its inclusion for managing, observing, and helping machinery, plant, and equipment operations.
The Embedded System Market refers to the market for computer systems that are designed to perform specific functions within larger systems, such as electronic devices or machinery. Embedded systems typically consist of a microprocessor or microcontroller, along with other hardware and software components, and are optimized for low power consumption, small size, and real-time operation.
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The market for embedded systems is driven by the increasing demand for smart and connected devices across various industries such as automotive, healthcare, industrial automation, and consumer electronics. Embedded systems are used in these industries to enable functions such as communication, control, and monitoring, and to improve efficiency and performance.
The embedded system market can be segmented into various types based on the hardware components used, such as microcontrollers, digital signal processors (DSPs), field-programmable gate arrays (FPGAs), and application-specific integrated circuits (ASICs). Microcontrollers are the most commonly used embedded system components, as they offer a cost-effective and flexible solution for a wide range of applications.
Competitive Landscape
Key Players Revolutionizing the Embedded Systems Market
The market is consolidated by key players present all around the region. These players play a vital role in the growth of the market by applying various marketing strategies to acquire maximum revenue. Some of the common methodologies are product launches, mergers, and collaborations.
Recent Developments in the Embedded System Market
- In December 2019, a company named NXP Semiconductors acquired Marvell Company’s Wi-Fi and Bluetooth connectivity for US$ 1.8 Billion. The deal was taken place to improve the connectivity and scalable processing to their consumers.
- In November 2019, STMicroelectronics launches its new product STM32WB, which is a wireless microcontroller that can support 5.0 technology Bluetooth. It provides high security and is affordable.
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Key Segments in the Embedded Systems Market
By Type:
- Embedded Hardware
- Embedded Software
By End Use Industry:
- Automotive
- Industrial
- Healthcare
- Consumer Electronics
- Energy
- Communication
- Aerospace & Defence
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
Table of Content
1. Executive Summary | Embedded System Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
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