PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567260
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567260
The global embedded systems market is estimated to be valued at USD 174.24 Bn in 2024 and is expected to reach USD 283.12 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 174.24 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.20% | 2031 Value Projection: | US$ 283.12 Bn |
Embedded systems are microcontroller or microprocessor-based systems that are designed to perform specific tasks. They are incorporated into larger machinery and products, known as hosts, to add control and intelligence. A wide variety of devices across industries such as automotive, telecommunication, healthcare, industrial automation, and consumer electronics incorporate embedded systems to perform intelligent functions. Increasing demand for smarter and more efficient products across end-use industries is expected to drive the growth of the global embedded systems market during the forecast period.
The global embedded systems market is driven by factors such as growing automation trends across industries, rising demand for connected devices and internet of things solutions. Increased focus on reducing product costs and improving functionality has led OEMs to equip products with embedded systems. However, security concerns related to device connectivity and high investment costs for development are expected to restrain the market growth. Emerging applications of embedded artificial intelligence, Blockchain technologies, and advent of 5G networks present lucrative opportunities for vendors.
This report provides in-depth analysis of the global embedded systems market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global embedded systems market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ABB Ltd, Analog Devices, Cypress Semiconductor, Fujitsu Limited, Infineon Technologies, Intel Corporation, Marvell Technology Group, Microchip Technology, Microsoft Corporation, NXP Semiconductors, Qualcomm Incorporated, Renesas Electronics, Samsung Electronics, STMicroelectronics, and Texas Instruments
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global embedded systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global embedded systems market
Detailed Segmentation-