Press release
Global Embedded Systems Market Projected to Surpass $173.8 Billion by 2029 with 9.4% Annual Growth
Embedded Systems
The rising focus on energy efficiency and sustainability is expected to drive the growth of the embedded systems market. Energy efficiency involves reducing energy consumption while maintaining performance, and sustainability focuses on meeting current needs without compromising future generations. As concerns about environmental issues rise, embedded systems contribute by optimizing energy use and incorporating renewable energy sources. For instance, in May 2023, the International Energy Agency reported a $1,740 billion global energy investment in 2023, with more than $1.7 trillion allocated to clean energy. Thus, this growing focus on energy efficiency and sustainability supports the expansion of the embedded systems market.
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What growth opportunities are expected to drive the embedded systems market's CAGR through 2034?
The embedded systems market has seen strong growth in recent years. It will grow from $110.89 billion in 2024 to $121.55 billion in 2025, at a CAGR of 9.6%. This growth is driven by the establishment of reliability and safety standards, increased focus on cybersecurity, cost-effective production methods, growing consumer demand, and a push for energy efficiency.
The embedded systems market is projected to grow significantly, reaching $173.8 billion by 2029 at a CAGR of 9.4%. Growth is attributed to the demand for real-time data processing systems, decreasing costs of embedded components, tailored solutions, and expansion into developing countries. Key trends include advanced embedded systems for military applications, cloud integration, Industry 4.0 growth, and the use of blockchain technology.
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What are the emerging trends shaping the future of the embedded systems market?
In the embedded systems market, companies are concentrating on enhancing security solutions to protect devices and systems from cyber threats. Kaspersky, a Russia-based cybersecurity company, introduced Kaspersky Embedded Systems Security in July 2023. This product offers robust protection for Linux-based embedded devices, featuring multi-layered defenses, application controls, and integrity monitoring to secure against evolving cyber threats.
Which growth-oriented segments of the embedded systems market are leading the industry's development?
The embedded systems market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Function: Real-Time, Standalone, Mobile, Networked
3) By System Size: Small Size, Medium Size, Large Size
4) By End-Use Industry: Automotive, Consumer Electronics, Aerospace And Defense, Healthcare, Telecommunication, Industrial, Other End-Use Industries
Subsegments:
1) By Hardware: Microcontrollers (MCUs), Microprocessors (MPUs), Digital Signal Processors (DSPs), Application-Specific Integrated Circuits (ASICs), Field-Programmable Gate Arrays (FPGAs), Sensors, Power Management ICs
2) By Software: Real-Time Operating Systems (RTOS), Embedded Software Development Tools, Middleware, Firmware
3) By Services: Design And Development Services, Consulting Services, Maintenance And Support Services
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What regions are leading the charge in the embedded systems market?
North America was the largest region in the embedded systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the embedded systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the embedded systems market?
Major companies operating in the embedded systems market are Samsung Electronics, Sony Semiconductor Solutions Corporation, Siemens AG, Intel Corporation, Qualcomm Technologies Inc., Honeywell International Inc., Broadcom Inc., Nvidia Corporation, Advanced Micro Devices Inc., Texas Instruments, STMicroelectronics, Infineon Technologies AG, NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor, Microchip Technology Inc., Marvell, Vishay Intertechnology Inc., Arm Limited, Silicon Labs, Nordic Semiconductor, Lattice Semiconductor, Raspberry Pi Foundation, Arduino
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What Is Covered In The Embedded Systems Global Market Report?
•Market Size Forecast: Examine the embedded systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the embedded systems market for a structured understanding.
•Key Players Overview: Analyze major players in the embedded systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the embedded systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the embedded systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the embedded systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the embedded systems market.
•Competitive Landscape: Review strategic developments in the embedded systems market, including expansions, agreements, and new product launches.
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