Global Embedded Systems Market

Embedded Systems Market Size, Share, Growth Analysis, By Component (Hardware, Software), By Application (Automotive, Industrial), By Function (Standalone Systems, Real-Time Systems), By Region -Industry Forecast 2024-2031

Report ID: SQMIG45B2149 | Region: Global | Published Date: November, 2024
Pages: 178 | Tables: 93 | Figures: 67

Embedded Systems Market News

  • In July 2024, a new brand for embedded computer systems called Tria was launched by Avnet. Through this brand the company is focusing on streamlining its expertise in development and manufacturing of embedded systems to maximize their business potential in the future. Tria will also be responsible for developing custom embedded systems for clients.
  • In May 2024, a new development kit for developers to create prototypes of different AL-enabled embedded systems was launched by Avnet. QCS6490 Vision-AI Development Kit allows users to develop new multi-camera AI-enabled embedded products based on MSC SM2S-QCS6490 SMARC compute module.
  • In July 2024, Microchip Technology, a leading provider of semiconductors and IP solutions announced the launch of its new microprocessors aimed at the development of embedded systems. PIC64 portfolio is a new range of 64-bit microprocessors designed to meet the increasing demand for modern embedded systems.
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FAQs

Global Embedded systems Market size was valued at USD 90.1 billion in 2022 and is poised to grow from USD 95.33 billion in 2023 to USD 141.45 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

Embedded system companies should invest in the research and development of novel solutions that are affordable and easy to integrate. Targeting countries with rapidly increasing industrialization and urbanization will offer good returns for embedded system providers in the future. Rising demand for automation is also a key opportunity that embedded systems market players can explore in the future. 'Intel Corporation', 'Renesas Electronics', 'Texas Instruments Inc.', 'NXP Semiconductors', 'Atmel Corporation', 'Qualcomm Incorporated', 'Cypress Semiconductors', 'Infineon Technologies', 'Analog Devices Inc.', 'Microchip Technology Inc.', 'STMicroelectronics N.V.'

The proliferation of Internet of Things (IoT) technologies and devices has increased rapidly around the world. This trend is projected to uplift the demand for advanced embedded systems as the popularity of integrated systems for automation, real-time data processing, and connectivity increases on a global level.

High Demand for Edge Computing: Embedded system providers should focus on the development of products that are capable of performing edge computing operations as high proliferation of IoT devices is boosting the demand for edge computing. Developing embedded systems with reduced latency and better real-time data processing capabilities will help market players boost their sales potential in the future.

North America is forecasted to emerge as the leader in terms of global embedded system demand outlook. The presence of key embedded system providers and quick adoption of advanced technologies are key factors allowing this region to hold sway over others. Rising investments in the development of novel digital technologies in this region coupled with high demand for industrial automation are also creating new business scope for embedded system companies operating in North America. The United States is slated to be the most opportune market for embedded system companies in this region followed by Canada. High use of connected devices in this region will also promote market growth.

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Global Embedded Systems Market

Report ID: SQMIG45B2149

$5,300
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