Embedded Security Market - By Offering, By Security Type, By End Use & Forecast, 2023

Description

List of Tables

Embedded Security Market size is poised to expand at over 6% CAGR from 2023-2032 driven by the accelerating pace of digital transformation across several industries. With organizations embracing digital technologies to enhance efficiency and competitiveness, the need for robust embedded security solutions has grown paramount. Additionally, the ongoing digital transformation initiatives is helping to shape the future of businesses globally.

Furthermore, market players are also making massive investments to facilitate continuous technological advancements to create new attack vectors, further necessitating advanced embedded security measures to address the evolving threats. For instance, in June 2023, Infineon Technologies AG unveiled its Edge ProtectTM embedded security solution, comprising four kinds of security settings based on growing security capabilities for client requirements in IoT applications.

The embedded security industry is segmented into offering, security type, end-use, and region.

In terms of security type, the market growth from the authentication & access management segment accounted for considerable revenue share in 2022 and is projected to exhibit over 7% CAGR through 2032. This is owing to increasing adoption in sectors like finance, healthcare, and IoT devices. Embedded security solutions also provide secure authentication mechanisms, biometric recognition, and access control in various applications.

Based on end-use, the embedded security market from the consumer electronics end-use segment is anticipated to gain considerable expansion between 2023 and 2032 attributed to the proliferation of smart devices, IoT, and connected technologies. Embedded security solutions offer protection against cyber threats by ensuring the integrity and confidentiality of sensitive data in smartphones, smart TVs, wearables, and other consumer electronics. The rising consumer need for enhanced privacy and security features in these devices to address the surging consumer concerns is likely to propel segment growth.

Regionally, the Europe embedded security industry size is poised to exhibit over 5.5% growth rate through 2032 due to the strong regulatory landscape in the region. To illustrate, the European Commission proposed a new Cyber Resilience Act in September 2022, requiring manufacturers to safeguard their internet-connected devices against illegal access at all phases of their life cycle. The growing emphasis on providing embedded security tools for easily implementing cybersecurity and addressing the regulatory challenges will also provide significant growth prospects for industry participants. For instance, in October 2022, IAR Systems® introduced its Security Made Simple methodology for its IAR embedded security solutions, including Embedded Trust and Secure Deploy to assist organizations in increasing developer productivity and implementing security best practices.

Product Code: 6942

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Embedded security market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Offering trends
2.5 Security type trends
2.6 End-use trends

Chapter 3 Embedded Security Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Security type & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Inclusion of payment functionally in wearables
  - 3.10.1.2 Growing adoption of generation AI in various end-uses
  - 3.10.1.3 Ongoing penetration of 5G in industrial manufacturing
  - 3.10.1.4 Rising demand for robust security solutions for electric & hybrid vehicle.
  - 3.10.1.5 Digitalization initiatives by government
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Non-compliance with government regulation due to lack of audit
  - 3.10.2.2 Susceptibility of embedded system to cyberthreats & security modules
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Infineon Technologies
- 4.3.2 STMicroelectronics
- 4.3.3 NXP Semiconductors
- 4.3.4 Qualcomm
- 4.3.5 Thales Group
- 4.3.6 Microchip Technology
- 4.3.7 Texas Instruments
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Embedded Security Market Estimates & Forecast, By Offering (USD Million)

5.1 Key trends, by offering
5.2 Hardware
- 5.2.1 Secure element
- 5.2.2 Embedded SIM
- 5.2.3 Trusted platform
- 5.2.4 Hardware Security modules
- 5.2.5 Hardware token
5.3 Software
5.4 Services

Chapter 6 Embedded Security Market Estimates & Forecast, By Security Type (USD Million)

6.1 Key trends, by security type
6.2 Authentication & access management
6.3 Payment
6.4 Content Protection

Chapter 7 Embedded Security Market Estimates & Forecast, By End-use (USD Million)

7.1 Key trends, by end-use
7.2 Automotive
7.3 Healthcare
7.4 Consumer electronics
7.5 Telecommunication
7.6 Aerospace & defence
7.7 Others

Chapter 8 Embedded Security market Estimates & Forecast, By Region (USD Million)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles (Business Overview, Financial Overview, Product Landscape, Strategic Outlook, SWOT Analysis)

9.1 Advantech Co. Ltd.
9.2 BAE Systems PLC
9.3 Cisco Systems
9.4 ETAS
9.5 IBM Corporation
9.6 Infineon Technologies
9.7 Mcaffee LLC
9.8 Microchip Technology
9.9 NXP Semiconductors
9.10 Qualcomm
9.11 Rambus Inc.
9.12 STMicroelectronics
9.13 Swift
9.14 Texas Instruments
9.15 Thales Group