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Embedded Systems Market Strategic Business Report Covers Supply Chain Disruptions, Global Trade Tensions and Key Competitor Shares 2021-2031
Embedded systems refer to application-specific combination of electronic hardware and software to meet specific system requirements they are embedded into. These embedded systems operate in manufacturing as a programmable operating system, which performs multiple tasks including temperature adjustment, driving, motors, networking equipment, and assembly line speed control. These systems are also used for monitoring, controlling, and assisting operation of equipment, machinery, and plants. The term 'embedded' reflects the fact that they are an integral part of a system, and they offer significant features such as speed, accuracy, size, reliability and adaptability.
Embedded Systems Market Statistics, 2031: The global embedded systems market was valued at $89.1 billion in 2021, and is projected to reach $163.2 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Globally, rise in consumer electronics sales and increase in automation demand in processing and manufacturing industries are the primary drivers of growth in the embedded system market. In addition, greater use of embedded system in cars along with growth in the automotive industry would create new opportunities for the embedded system market. Persistent research and development aimed at developing smarter and energy-efficient electronic devices is expected to have a significant effect on growth of the global market for embedded systems. These systems are also commonly used in applications such as automotive, aeronautics, space, rail, mobile communications, and electronic payment solutions to support growth of the global embedded system market.
The global embedded systems market trends are as follows:
Communication segment accounted for the largest share of the market
Embedded systems are used for high-speed data transfer in routers, Ethernet modules, wireless networks, and protocol converters to support expanding communication network. In various network and telecom applications, embedded hardware such as FPGA and ASIC are used. Telecom providers also use embedded hardware such as FPGA to incorporate hard IP for interfaces such as Peripheral Component Interconnect (PCI) Express, 100 G Ethernet, and DDR3/4 for high speed data transfer. In addition, technologies such as eASIC are increasingly being used in Radio Access Network (RAN) equipment, which are cost-effective and meet power targets.
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Market scope and structure analysis:
Forecast period: 2021–2031
Regions covered:
North America (Canada, Mexico, and U.S.), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), LAMEA (Africa, Latin America, and Middle East)
Companies covered
Major players analyzed are NXP Semiconductors, Intel Corporation, Texas Instruments Inc., Microchip Technology Inc., Infineon Technologies, Analog Devices Inc., Renesas Electronics, Cypress Semiconductors, STMicroelectronics N.V., Qualcomm Incorporated
Key benefits of the report:
- This study presents the analytical depiction of the global embedded systems industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global embedded systems market share.
- The current market is quantitatively analyzed from 2021 to 2031 to highlight the global embedded systems market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global embedded systems market analysis based on competitive intensity and how the competition will take shape in coming years.
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Key segments covered:
Component
- Hardware, [ASIC & ASSP, Microcontroller, Microprocessor, Power Management Integrated Circuit (PMIC), Field Programmable Gate Array (FPGA), Digital Signal Processor (DSP), Memory]
- Software (OS, Middleware)
Function
- Standalone System
- Real-Time System
- Network System
- Mobile System
Application
- Automotive
- Consumer Electronics
- Manufacturing
- Retail
- Media & Entertainment
- Military & Defense
- Telecom
Questions answered in the embedded systems market research report:
- Who are the leading market players active in the embedded systems market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the embedded systems market?
- What are the projections for the future that would help in taking further strategic steps?
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