Embedded System Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Embedded System market Market Growth and Trends
The global embedded system market presently holds a market value of US$ 86.5 billion in 2020 and is projected to grow at a CAGR of 6.1% to an expected market value of US$ 116.2 billion by 2025. The increasing digitalization is the major driving factor behind the growth of the embedded system market.
The increasing urbanization has resulted in emerging economies which fueled the penetration of smart appliances in the market. The rising globalization has induced the need for advanced and highly efficient communication devices and systems. Hence, the increasing demand and need for consumer electronics and communication devices equipped with an embedded system have propelled the demand for the embedded system market.
The advent of high-speed internet technologies is a major growth factor for the embedded system market. The 5G internet technology is expected to accumulate 5.3% of the global GDP by 2034. Thus, there is an increase in the production of 5G architecture-based embedded devices. The 5G technology embedded devices are used in various sectors such as smart farming, industrial automation, and smart camera surveillance.
The increasing disposable incomes among end-users have subsequently raised the demand for the automotive industry. The redesigning sector within the automotive industry has an increasing demand for embedded systems. The growing deployment of hybrid and electrically running vehicles have positively affected the growth of the embedded system market. The growing awareness about eco-friendly initiatives has increased the sales of the electric automobiles to up to 41 million units in 2020.
The increasing technological advances provided by the embedded system like cybersecurity have positively affected the growth curve of the embedded system market. The increasing need to eliminate security breaches in various industry verticals such as armed forces, data centers, banks, and healthcare centers has fueled the growth of the embedded system market. The microcontrollers sector holds the largest share of the embedded system market. The increased need for microcontrollers in consumer electronics has boosted the growth of the embedded system market. The real-time embedded system also contributes to the market share. The increasing adoption of the Internet of Things (IoT) has driven the demand for real-time embedded systems.
The constant technological advances in the embedded systems market coupled with the strategic marketing plans initiated by the top market players to enhance the market horizon are expected to drive the embedded systems market upwards.
Embedded System market Industry Regional Analysis
Embedded System market Market Research Report Scope/Definition
Embedded System market Market Share and Competition Key companies operating in this industry are: Intel Corporation (US), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Texas Instruments (US), and NXP Semiconductors (Netherlands) (Total 25 companies)
Embedded System market Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Harware Analysis (Revenue, USD Million, 2021 - 2028)
• Application-specific Integrated Circuits (ASIC)
• Power Management Integrated Circuits (PMIC)
• Field Programmable Gate Arrays (FPGA)
• Digital Signal Processors (DSP)
Software Analysis (Revenue, USD Million, 2021 - 2028)
• Operating Systems
• By Functionality
• Real-time Embedded System Systems
• Standalone Embedded System Systems
Application Analysis(Revenue, USD Million, 2021 - 2028)
• Consumer Electronics
• Aerospace and Defense
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Embedded System market Industry Companies
• Intel Corporation (US),
• STMicroelectronics (Switzerland),
• Renesas Electronics Corporation (Japan),
• Texas Instruments (US),
• NXP Semiconductors (Netherlands)
• (Total 25 companies)
Available Versions of Embedded System market Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report