Press release
Embedded Systems Market Size to reach USD 169.42 Billion 2032 | Emergen Research
Embedded Systems Market
Embedded systems, which combine computer hardware and software for specific capabilities, have witnessed significant developments in advanced technologies. Researchers and industry leaders have focused on innovations ranging from robotics to IoT adoption, smart homes, clinical gadgets, and advancements in electric and hybrid vehicles. Notably, partnerships like that between Advantech and MOV.AI aim to streamline production processes of Autonomous Mobile Robots (AMRs) by integrating cutting-edge industrial computing technology with powerful software platforms.
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Market Drivers:
One of the primary drivers of market revenue growth is the increasing use of embedded systems in healthcare facilities. As medical systems become more complex, the demand for innovative clinical devices capable of enhancing patient outcomes while reducing costs and improving efficiency is rising. Embedded systems provide the necessary processing power, memory, and network capabilities to support these advanced functionalities, such as monitoring vital signs and transmitting real-time data to healthcare professionals.
Moreover, the market is bolstered by ongoing research and development efforts by major companies. For instance, Clarify Health's acquisition of Embedded Healthcare aims to develop comprehensive value-based payments solutions, demonstrating a commitment to innovation and addressing evolving industry needs.
Additionally, rapid technological advancements in electric and hybrid vehicles are driving demand for embedded systems. These systems play crucial roles in controlling electric motors, managing battery functions, and monitoring vehicle performance.
Market Restraints:
However, challenges such as high manufacturing costs associated with embedded systems hinder market growth. Designing and manufacturing embedded systems require specialized components and processes, leading to elevated production costs. Nevertheless, as technology advances and economies of scale come into play, manufacturing costs are expected to decrease over time, making embedded systems more accessible across industries.
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Segment Insights:
• Hardware Segment Dominance: Hardware components account for the largest market share, driven by investments in manufacturing processes and increased visibility for customers, enabling efficient evaluation.
• Software Segment Growth: The software segment is expected to register the highest market CAGR, driven by the growing complexity of embedded systems and the need for high-quality software to control hardware components.
• Real-time Embedded Systems Dominance: Real-time embedded systems lead the segment due to their usage in applications requiring rapid responses, especially with the integration of IoT and advancements in sensors and actuators.
• Automotive Segment Dominance: The automotive segment holds the largest market share, driven by the increasing complexity of modern vehicles and the utilization of embedded systems in various applications, including safety systems, infotainment, and powertrain control.
Major Companies and Competitive Landscape
The global embedded systems market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective embedded systems solutions.
Some major players included in the global embedded systems market report are:
• Intel Corporation
• Renesas Electronics Corporation
• Texas Instruments Inc.
• NXP Semiconductors
• Qualcomm Incorporated
• Cypress Semiconductors
• Infineon Technologies AG
• Analog Devices Inc.
• Microchip Technology Inc.
• STMicroelectronics N.V.
• Microsoft Corporation
• Atmel Corporation
• HCL Technologies, Ltd.
• Infosys, Ltd.
• Freescale Semiconductor, Inc.
• Philips
• Motorola
• LG Electronics
• VOLVO
• Robert Bosch.
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Strategic Development
• On 02 December 2020, Qualcomm declared the sent-off of its new Snapdragon 888 5G mobile platform, intended to convey superior computing capacities for mobile and embedded devices. The latest platform incorporates cutting-edge advancements in 5G, Artificial Intelligence (AI), gaming, and camera technologies, elevating high-end mobile devices into top-tier cameras, intelligent personal aides, and superior gaming setups. The Snapdragon 888, equipped with advanced 5G capabilities, will revolutionize current mobile interactions, paving the way for the future of business mobility, high-quality video calls, console-level cloud gaming, and beyond.
For the purpose of this report, Emergen Research has segmented the global embedded systems market on the basis of component, functionality, application, and region:
• Component Outlook (Revenue, USD Billion; 2019-2032)
o Hardware
1. ASIC & ASSP
2. Microcontroller
3. Microprocessor
4. Power Management Integrated Circuit (PMIC)
5. Field Programmable Gate Array (FPGA)
6. Digital Signal Processor (DSP)
7. Memory
o Software
1. Operating System
2. Middleware
• Functionality Outlook (Revenue, USD Billion; 2019-2032)
o Standalone Embedded Systems
o Real-Time Embedded Systems
o Networked Embedded Systems
o Mobile Embedded Systems
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Automotive
o Consumer Electronics
o Manufacturing
o Retail
o Media & Entertainment
o Aerospace and Defense
o Telecom
o Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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