Embedded Controllers Market Outlook – 2030
The global embedded controllers market size was valued at $4.65 billion in 2020, and is expected to reach $10.95 billion by 2030, registering a CAGR of 9.4% from 2021 to 2030.
An embedded controller is a microcontroller that handles various system tasks. This electronic device comes with user user-programmable space for software and connections to external circuitry through hardware and a model train controller in embedded systems. It can be either a simple programmable logic device or a complex programmable logic device.
Embedded controllers are a general class of microcontrollers. Simple programmable logic devices (SPLD) are the simplest, smallest forms of programmable logic devices, and complex programmable logic devices (CPLD) are programmable logic devices. Also, embedded controllers are well-suited for many applications such as IT & telecommunication, automotive, consumer electronics, healthcare, industrial, aerospace & defense, commercial, and others.
In the coming years, the embedded controllers industry is expected to generate moderate cash output with modest investments in development, research, and tests. However, the embedded controllers market is nearing the maturing stage, and is expected to generate modest revenue for key players in the coming years.
Factors such as growth in preference for smart homes and a surge in adoption of wearable devices amongst consumers are expected to drive the growth of the market in the future. However, the high energy consumption of compact embedded systems acts as a major barrier and hampers the market growth. Furthermore, the rise in the development of 5G based embedded devices and an increase in the adoption of electric vehicles are expected to offer lucrative opportunities for the growth of the embedded controllers market.
Segment Overview
The embedded controllers market is analyzed by product type, type, application, and region.
By product type, the market is divided into 8-bit, 16-bit, and 32-bit
By Product Type
8 bIT segment generated the highest revenue in 2020.
By type, the market is classified into simple programmable logic devices and complex programmable logic devices.
By Type
Simple Programmable Logic Devices segment generated the highest revenue in 2020.
By application, the market is categorized into IT & telecommunication, automotive, consumer electronics, healthcare, industrial, and other.
By Application
Consumer Electronic segment generated the highest revenue in 2020.
By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, along with its prominent countries.
By Region
North America segment generated the highest revenue in 2020.
Competitive Analysis
The key players profiled in the report include ADLINK Technology Inc., Advantech Co. Ltd, Cisco Systems, Inc., CNH Industrial N.V. (Potenza Technology Ltd.), Divelbiss Corporation, ICP America, Inc., Intel Corporation, Microchip Technology Inc., National Instruments Corporation (NI), and NXP Semiconductors N.V. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.
The COVID-19 pandemic has impacted society and the overall economy across the globe. The impact of this outbreak has grown day-by-day that affects the supply chain. This has created uncertainty in the stock market, decreased business confidence, slowed the supply chain, and increased panic among customers. European countries under lockdown have suffered a major loss of business and revenue due to the shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to a decrease in the growth of the embedded controllers market in 2020.
According to the embedded controllers market trends, the COVID-19 pandemic has severely impacted the global manufacturing and industrial sectors as production facilities have stalled, which, in turn, led to significant demand in industries.
The emergence of COVID-19 has decline in the growth of the embedded controllers market in 2020, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdowns across various countries globally is the prime reason for the decline in the growth rate of the market. As industries were temporarily shut, it reduced the need for maintenance from various industries.
Top Impacting Factors
The significant factors that impact the global embedded controllers market include a surge in preference for smart homes and an increase in the adoption of wearable devices amongst consumers. In addition, the market is influenced by the high energy consumption of compact embedded systems. Moreover, the rise in development of 5G based embedded devices and the increase in adoption of electric vehicles affect the market growth to a certain extent. Each of these factors is anticipated to have a definite impact on the global embedded controllers market during the forecast period. These factors are expected to offer lucrative opportunities for the embedded controller industry's growth in the coming years.
Growth in the Adoption of Smart Homes and Appliances
Nowadays, embedded systems applications appear in every industry and sector. Embedded devices and software, such as an embedded controller, play a crucial role in the functioning of cars, home appliances, medical devices, interactive kiosks, and equipment used in daily life. The smart home is a house that uses information technology to monitor the environment and control the electrical appliances.
Embedded controllers used in homes and appliances such as microwave ovens, washing machines, and more monitor the temperature, humidity, gas density, and water immersion of the house and have an infrared sensor for sensing. Moreover, embedded controllers act as a security guard for the home. Thus, adoption of smart homes and appliances is positively impacting the embedded controllers and their demand, which, in turn, drives the embedded controllers market growth.
High Energy Consumption of Compact Embedded Systems
Complexity in embedded controller design architectures due to the compactness and embedded controller sensor placements of embedded systems acts as a major restraining factor for the market growth, as it limits the incorporation of various functionalities into the system. This also leads to increased energy consumption in embedded systems. In addition, the high energy consumption often compromises the overall lifecycle of embedded devices.
The energy consumption is susceptible to the temperature of the embedded device and increases with the rise in the temperature of the device, affecting the overall performance of the embedded system. Therefore, the high energy consumption of compact embedded controllers acts as a severe challenge to the growth of the embedded controllers market. Thus, the aforementioned factors are expected to have a significant impact on the growth of the market.
Key Benefits For Stakeholders
- This study comprises an analytical depiction of the embedded controllers market size along with the current trends and future estimations to depict imminent investment pockets.
- The overall embedded controllers market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The present embedded controllers market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the market share of key vendors.
- The report includes the market trends and the embedded controllers market share of key vendors.
Embedded Controllers Market Report Highlights
| Aspects | Details |
 By PRODUCT TYPE |
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 By TYPE |
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 By APPLICATION |
|
 By Region |
|
 Key Market Players | NXP SEMICONDUCTORS N.V., CISCO SYSTEMS, INC., ADVANTECH CO., LTD., INTEL CORPORATION, CNH INDUSTRIAL N.V. (POTENZA TECHNOLOGY LTD.), NATIONAL INSTRUMENTS CORPORATION (NI), ICP AMERICA, INC., ADLINK TECHNOLOGY INC., MICROCHIP TECHNOLOGY INC., DIVELBISS CORPORATION |
Analyst Review
The embedded controllers market is highly competitive, owing to strong presence of the existing vendors. Embedded controllers technology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.
The embedded controllers market exhibits high growth potential in the electronics industry and automotive industry. The current business scenario is witnessing an increase in demand for smart electronics, particularly in the developing regions such as China, India, and others, due to upsurge in population and rise in demand for consumer electronics. Companies in this industry are adopting various innovative techniques, such as mergers and acquisitions, to strengthen their business position in the competitive matrix.
The market growth is supplemented by proactive industrialization efforts and surge in the manufacturing output due to technological advancements. These factors have allowed the emerging markets to evolve as the largest markets during the forecast period both from the demand as well as the supply side. Public & private organizations have substantially invested in R&D activities and fabrication techniques to develop cost-effective embedded controllers. Asia-Pacific region is the major revenue contributor to the global market, followed by Europe. The market growth in Asia-Pacific and Europe is expected to significantly increase during the forecast period. The embedded controllers market provides numerous growth opportunities to the market players such as ADLINK Technology Inc., Advantech Co. Ltd, Cisco Systems, Inc., CNH Industrial N.V. (Potenza Technology Ltd.), Divelbiss Corporation, ICP America, Inc., and others. These companies are engaged in the process of product innovation, collaboration, and acquisition to expand their services across various regions.
The Embedded Controllers Market is estimated to grow at a CAGR of 9.4% from 2021 to 2030.
The Embedded Controllers Market is projected to reach $10.95 billion by 2030.
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Surge in adoption for ruggedized computers for various industrial purposes, and increasing investments for development of smart cities etc. boost the Embedded Controllers Market growth.
The key players profiled in the report include General Dynamics Corporation, Crystal Group, Qualcomm, and many more.
On the basis of top growing big corporations, we select top 10 players.
The Embedded Controllers Market is segmented on the basis of level, application, end use, and region.
The key growth strategies of Embedded Controllers Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Asia-Pacific region would grow at a highest CAGR of 12.1% during the forecast period.
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