Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A08516 | Pages: 265 | Charts: 52 | Tables: 139 |
The Global Embedded Systems Market was valued at $89.1 billion in 2021 and is projected to reach $163.2 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
A computer hardware and software combination created for a particular purpose is an embedded system. Additionally, embedded systems may operate as part of a bigger system. The systems may be programmable or may only perform certain functions. An embedded system is generally found in industrial equipment, consumer electronics, agricultural and processing sector equipment, automobiles, medical equipment, cameras, digital watches, home appliances, airplanes, vending machines, and others. Embedded systems engineers are revolutionizing the embedded system design process and altering the way data centers are managed. These chips allow critical tasks to be transferred from software to hardware to save power, which is critical for power-sensitive embedded systems applications.
Get more information on this report : Request Sample Pages
The global embedded systems market is expected to witness notable growth during the forecast period, owing to an increase in demand for advanced driver-assistance systems (ADAS) in electric vehicles (EV) and hybrid vehicles. Furthermore, a rise in the number of embedded systems-related research and development projects will drive the global embedded systems market growth. Moreover, demand for multicore central processing units (CPUs) in military applications is expected to propel the embedded systems industry growth during the forecast period. However, the security of embedded devices is one of the main restraints that has restricted the growth of the embedded system market. On the contrary, the rise of 5G and the development of 5G based embedded devices is expected to provide lucrative opportunities for the growth of the market during the forecast period
The embedded systems market is segmented into Applications and Components.
Based on application, the market is segregated into automotive, consumer electronics, industrial, aerospace and defense, and others. The consumer electronics segment acquired the largest share in 2021 and is expected to grow at a significant CAGR from 2022 to 2031 for the embedded systems market forecast.
Based on components, the market is divided into hardware and software. In 2021, the hardware segment dominated the market, in terms of revenue, and is expected to follow the same trend during the forecast period.
[APPLICATIONGRAPH]
Region-wise, the embedded systems market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America remains a significant participant in the embedded systems market. Major organizations and government institutions in the country are intensely putting resources into technology to grab embedded systems market opportunities during the forecast period.
[COMPONENTGRAPH]
Competitive analysis and profiles of the major global embedded systems market players that have been provided in the report include Analog Devices, Cypress Semiconductors, Infineon Technologies, Intel Corporation, Microchip Technology, NXP Semiconductors, Qualcomm Incorporated, Renesas Electronics, STMicroelectronics and Texas Instruments, Inc.
The embedded systems market is driven by increasing demand in industries such as automotive, healthcare, consumer electronics, and telecommunications. Further, the rise of IoT devices, advancements in AI and machine learning, and the development of smart cities and autonomous vehicles, all of which rely on embedded technologies have boosted the market.
However, challenges include high design complexity, security vulnerabilities, and power consumption constraints, which can slow adoption in some sectors.
Despite the challenges, there are opportunities in the growing applications of 5G networks, edge computing, and robotics, as well as the need for advanced medical devices and industrial automation. The demand for low-power, high-efficiency embedded solutions will continue to fuel innovation and market expansion.
For the global embedded systems market share is expanding significantly with the North American region being particularly important. The North American region holds the highest market share due to the development of automotive goods, expanded usage of IoT applications, and strong investments in industrialization. Demand for aerospace, health-related equipment, and consumer electronics is high in the region along with a strong semiconductor industry that provides features and enhances the development of high-density, low-power embedded systems. In the Asia Pacific market, it is increasing primarily because of an increase in industrialization, increasing consumer electronics, and higher automotive production. IoT devices, improved 5G technology, and a robust semiconductor manufacturing industry, especially among key markets like China, Japan, and South Korea have pushed for large-scale use of embedded systems, and the need for a wider market application across different sectors is well realized.
This report delivers in-depth insights into the embedded systems market covering applications, components, and key strategies employed by major players. It offers detailed market forecasts and emerging trends.
Automotive applications focus on ADAS, electric vehicles, and autonomous driving. Consumer electronics drive demand through smart devices, wearables, and home automation. Industrial applications prioritize automation, robotics, and IoT integration. Aerospace and defense rely on embedded systems for avionics and advanced security. Others include healthcare, with innovations in medical devices and monitoring systems.
Hardware includes microcontrollers, processors, FPGA, memories, etc., enabling system functionality. Software focuses on operating systems, firmware, and applications, ensuring efficient control, real-time operations, and system integration.
North America leads the embedded systems market with advanced automotive and industrial sectors. The Asia Pacific sees rapid growth due to consumer electronics and manufacturing. Europe focuses on automotive innovation, while Latin America and MEA show emerging potential.
Key Market Segments
Key Market Players