Embedded System Market
Embedded System Market Forecasts to 2028 - Global Analysis By Component (Software, Hardware, Service and Other Components), System Size (Large-scale Embedded Systems, Medium-scale Embedded Systems and Small-scale Embedded Systems), Application (Aerospace and Defense, Consumer Electronics and Other Applications), Function and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $101.08 BN |
|
Projected Year Value (2028) |
US $161.29 BN |
|
CAGR (2022 - 2028) |
8.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Embedded System Market is accounted for $101.08 billion in 2022 and is expected to reach $161.29 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Embedded systems are collections of electronic gear designed specifically for a given application to satisfy the needs of that system. The market for embedded systems has recently been pushed by an increase in demand for smart electricity metres, particularly in developing nations in Asia Pacific and South America. As a result of government measures to improve energy efficiency and electrify rural areas in developing nations like China and India, demand for smart metres is anticipated to increase during the next years. Additionally, certain additional elements, such price declines and technology improvement.
According to the GSM Association (GSMA), the 5G market is expected to contribute USD 2.2 trillium to the global economy by 2034, comprising 5.3% of the global GDP growth.
Market Dynamics:
Driver:
Surge in the demand for ADAS in EV and hybrid vehicles
The automotive sector is being redesigned, and embedded technologies are an integral part of it. These systems are utilised by the ADAS technology found in hybrid and electric automobiles. The market for embedded systems has expanded as a result of the rise in demand for electric and hybrid vehicles brought on by public awareness of the environment's declining state. The need for electronic components, including embedded hardware and software used in electric vehicles, is expected to increase as the number of electric vehicle sales, which are expected to reach 41 million by 2020, rises.
Restraint:
Vulnerability of embedded systems to cyber threats and security breaches
The security of embedded devices is one of the main problems that has restricted the growth of the embedded system market. Information that could be crucial to the military, banks, data centres, and healthcare facilities is stored in embedded devices like memory. Embedded systems are susceptible to assaults due to a variety of variables, including infrequent security upgrades, prolonged device life spans, remote deployment, and attack replication. Therefore, it is anticipated that the embedded system market will have certain growth restraints due to embedded systems' vulnerability to cyber threats and security breaches.
Opportunity:
Advent of 5G and development of 5G based embedded devices
The market for embedded systems is anticipated to experience growth as a result of the introduction of 5G technology. As a result, it is anticipated that the manufacturing of embedded devices based on 5G architecture would rise in the next years. Furthermore, because 5G technologies supports quick picture processing, it is anticipated to assist in addressing the difficulties associated with industrial automation and smart farming. Therefore, it is anticipated that embedded devices supporting 5G infrastructure will propel the growth of the embedded system market.
Threat:
High energy consumption of compact embedded systems
The ability of embedded systems to integrate a variety of functionalities could result in complex design structures. Additionally, the energy consumption of embedded systems increases as a result. Inefficient energy use frequently shortens the overall lifecycle of embedded devices. The temperature of an embedded device affects its energy consumption, which rises as the device's temperature does. The embedded system's overall performance is impacted by this. As a result, the high energy consumption of tiny embedded systems poses a significant threat to the market's expansion.
Covid-19 Impact
Numerous market changes have occurred all across the world as a result of the COVID-19 epidemic. The majority of changes in market dynamics are detrimental. The growth of the embedded systems market is being restrained for a variety of factors, including limited manufacturing rates, low demand, and supply chain disruptions. The market for embedded systems currently faces a number of challenges. Operations of embedded systems are negatively impacted by this business. The deployment of the system has been accelerated. Low consumer electronics demand is impeding adoption rates. Following COVID-19, the market's prognosis appears to be positive.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is estimated to have a lucrative growth. The physical parts of an embedded system, such as microprocessors, sensors, and other electronic components, are referred to as hardware. Building embedded systems requires hardware components. They are frequently expensive and essential components of an embedded system, and businesses spend a lot of money creating and producing these parts.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period, due to embedded systems are increasingly being used in contemporary automobiles, which are becoming more sophisticated and complex every year. Infotainment systems, engine control systems, safety and driver aid systems, and other vehicle applications all make use of embedded systems. These systems, which ensure the safe and effective operation of modern cars, rely on a combination of hardware and software components.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period as a result of factors like rising per capita income, ongoing widespread industrialization, and urbanisation. Additionally, it is projected that the availability of inexpensive electronic products in APAC would contribute to a rise in the demand for microprocessors and microcontrollers in the area.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to a greater emphasis on closing the digital divide within national borders through the adoption of policy reforms relating to embedded systems also anticipated to drive regional product demand during the projection period are advances in car electronics and expanding industrialization.
Key players in the market
Some of the key players profiled in the Embedded System Market include Kontron AG, Xilinx, Inc, Qualcomm Technologies, Inc., Intel Corporation, Infineon Technologies AG, Texas Instruments Corporation, Microsoft, SAMSUNG, NXP Semiconductors, ARM Limited, Cypress Semiconductor Corporation, Microchip Technology Inc., Renesas Electronics Corporation, Analog Devices Inc., FUJITSU, Marvell and Advantech Co., Ltd.
Key Developments:
In December 2019, NXP Semiconductors acquired Wi-Fi and Bluetooth connectivity businesses of Marvell for USD 1.8 billion. The all-cash buyout deal was made to provide complete, scalable processing, as well as improved connectivity solutions to its customers in different end markets.
In November 2019, Renesas introduced its new 32-bit RA series Arm Cortex M microcontrollers, thereby extending the 32-bit MCU range, which includes the RX series and Renesas Synergy Platform. The RA MCU have been designed to improve the performance, HMI, security, and connectivity of IoT devices used in metering, healthcare, and home-related applications.
In November 2019, STMicroelectronics launched STM32WB wireless microcontrollers to support Bluetooth 5.0 technology. These MCU are affordable and offer strong security.
In September 2019, Intel and US-based Oracle collaborated to develop a new shared persistent memory platform optimized for an Oracle database. The partnership aimed at offering customers high-performance latency-sensitive services for IoT data processing, high-frequency stock trading, and financial trading, as well as for use in applications requiring human interaction in real-time.
Components Covered:
• Software
• Hardware
• Service
• Other Components
System Sizes Covered:
• Large-scale Embedded Systems
• Medium-scale Embedded Systems
• Small-scale Embedded Systems
Applications Covered:
• Aerospace and Defense
• Consumer Electronics
• Automotive
• Communication
• Industrial
• Healthcare
• Energy
• Other Applications
Functions Covered:
• Mobile
• Standalone
• Real Time
• Networked
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Embedded System Market, By Component
5.1 Introduction
5.2 Software
5.2.1 Middleware
5.2.2 Operating Systems
5.3 Hardware
5.3.1 Power Management Integrated Circuits (PMIC)
5.3.2 Application-specific Integrated Circuits (ASIC)
5.3.3 Memories
5.3.4 Microcontrollers
5.3.5 Digital Signal Processors (DSP)
5.3.6 Microprocessors
5.3.7 Field Programmable Gate Arrays (FPGA)
5.4 Service
5.5 Other Components
6 Global Embedded System Market, By System Size
6.1 Introduction
6.2 Large-scale Embedded Systems
6.3 Medium-scale Embedded Systems
6.4 Small-scale Embedded Systems
7 Global Embedded System Market, By Application
7.1 Introduction
7.2 Aerospace and Defense
7.3 Consumer Electronics
7.4 Automotive
7.5 Communication
7.6 Industrial
7.7 Healthcare
7.8 Energy
7.9 Other Applications
8 Global Embedded System Market, By Function
8.1 Introduction
8.2 Mobile
8.3 Standalone
8.4 Real Time
8.5 Networked
9 Global Embedded System Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Kontron AG
11.2 Xilinx, Inc
11.3 Qualcomm Technologies, Inc.
11.4 Intel Corporation
11.5 Infineon Technologies AG
11.6 Texas Instruments Corporation
11.7 Microsoft
11.8 SAMSUNG
11.9 NXP Semiconductors
11.10 ARM Limited
11.11 Cypress Semiconductor Corporation
11.12 Microchip Technology Inc.
11.13 Renesas Electronics Corporation
11.14 Analog Devices Inc.
11.15 FUJITSU
11.16 Marvell
11.17 Advantech Co., Ltd.
List of Tables
1 Global Embedded System Market Outlook, By Region (2020-2028) ($MN)
2 Global Embedded System Market Outlook, By Component (2020-2028) ($MN)
3 Global Embedded System Market Outlook, By Software (2020-2028) ($MN)
4 Global Embedded System Market Outlook, By Middleware (2020-2028) ($MN)
5 Global Embedded System Market Outlook, By Operating Systems (2020-2028) ($MN)
6 Global Embedded System Market Outlook, By Hardware (2020-2028) ($MN)
7 Global Embedded System Market Outlook, By Power Management Integrated Circuits (PMIC) (2020-2028) ($MN)
8 Global Embedded System Market Outlook, By Application-specific Integrated Circuits (ASIC) (2020-2028) ($MN)
9 Global Embedded System Market Outlook, By Memories (2020-2028) ($MN)
10 Global Embedded System Market Outlook, By Microcontrollers (2020-2028) ($MN)
11 Global Embedded System Market Outlook, By Digital Signal Processors (DSP) (2020-2028) ($MN)
12 Global Embedded System Market Outlook, By Microprocessors (2020-2028) ($MN)
13 Global Embedded System Market Outlook, By Field Programmable Gate Arrays (FPGA) (2020-2028) ($MN)
14 Global Embedded System Market Outlook, By Service (2020-2028) ($MN)
15 Global Embedded System Market Outlook, By Other Components (2020-2028) ($MN)
16 Global Embedded System Market Outlook, By System Size (2020-2028) ($MN)
17 Global Embedded System Market Outlook, By Large-scale Embedded Systems (2020-2028) ($MN)
18 Global Embedded System Market Outlook, By Medium-scale Embedded Systems (2020-2028) ($MN)
19 Global Embedded System Market Outlook, By Small-scale Embedded Systems (2020-2028) ($MN)
20 Global Embedded System Market Outlook, By Application (2020-2028) ($MN)
21 Global Embedded System Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
22 Global Embedded System Market Outlook, By Consumer Electronics (2020-2028) ($MN)
23 Global Embedded System Market Outlook, By Automotive (2020-2028) ($MN)
24 Global Embedded System Market Outlook, By Communication (2020-2028) ($MN)
25 Global Embedded System Market Outlook, By Industrial (2020-2028) ($MN)
26 Global Embedded System Market Outlook, By Healthcare (2020-2028) ($MN)
27 Global Embedded System Market Outlook, By Energy (2020-2028) ($MN)
28 Global Embedded System Market Outlook, By Other Applications (2020-2028) ($MN)
29 Global Embedded System Market Outlook, By Function (2020-2028) ($MN)
30 Global Embedded System Market Outlook, By Mobile (2020-2028) ($MN)
31 Global Embedded System Market Outlook, By Standalone (2020-2028) ($MN)
32 Global Embedded System Market Outlook, By Real Time (2020-2028) ($MN)
33 Global Embedded System Market Outlook, By Networked (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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