Embedded System Market Size, Share, Growth, Trends, Analysis and Forecast - 2028

The global embedded system market is estimated to grow at a CAGR of 6.2% during the forecast period.

A rise in demand for advanced driver-assistance systems (ADAS) and electromobility solutions for electric and hybrid vehicles, and an increase in demand for portable devices such as wearables, are some factors driving the market growth. The rising automation in the manufacturing sector is further driving the market growth. Embedded systems are significantly used in the automotive industry. It is a part of the ADAS technology seen in electric and hybrid automobiles. The demand for embedded system is significantly growing as the demand for electric and hybrid vehicles has increased as people become more concerned of the environment depletion.

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The security of embedded devices is one of the primary concerns that is restraining the growth of the market. Military forces, banks, data centers, and healthcare institutions all have information stored in embedded devices such as memory. As a result, protecting such devices from cyber-attacks and security breaches is vital. Embedded systems are vulnerable to cyberattacks due to irregular security upgrades, a long device lifecycle, remote deployment, and attack replication. Embedded device production based on 5G architecture is likely to rise in the future. Owing to the integration of 5G in their architecture, embedded devices used in smart video surveillance systems for automobiles provide quick reaction rates.

Furthermore, 5G technology provides fast picture processing, it is likely to aid in the resolution of issues encountered during industrial automation and smart farming. As a result, embedded devices that support 5G infrastructure are projected to drive the market growth.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Hardware
o By Application
o By Software

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Intel Corp., ST Microelectronics NV, and Texas Instruments, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?

Global Embedded System Market by Segments.

By Hardware
• MPU
• MCU

By Application
• Specific Integrated Circuits
• DSP
• FPGA
• Memory

By Software
• Middleware
• Operating Systems

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This release was published on openPR.