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Embedded Systems Market Trends

  • Report ID: GMI117
  • Published Date: Jun 2024
  • Report Format: PDF

Embedded Systems Market Trends

The expansion of IoT is one of the most significant trends impacting the embedded systems industry. As more devices become connected and smart, the need for embedded systems to provide intelligence and networking capabilities is growing. This trend spans the consumer, industrial, automotive, and healthcare sectors, requiring embedded systems to handle complex tasks such as data processing, connectivity, and real-time operations. With the proliferation of IoT devices and the need for real-time data processing, edge computing has emerged as a key trend in embedded systems.
 

Edge computing involves processing data closer to the source (i.e., at the edge of the network) rather than relying solely on centralized cloud servers. Embedded systems play a crucial role in edge computing by providing computing power and intelligence at the device level, enabling faster response times, reduced latency, and improved reliability.
 

Embedded systems are increasingly being incorporated with Artificial Intelligence (AI) and Machine Learning (ML) to enhance decision-making and provide more adaptive functionalities. AI/ML capabilities enable embedded devices to perform tasks, such as predictive maintenance, pattern recognition, and autonomous control, without human intervention. This trend is particularly evident in sectors such as automotive (for autonomous driving systems), healthcare (for diagnostic and monitoring devices), and manufacturing (for automation and control systems).
 

As embedded systems become more connected, security concerns are rising. There is a growing trend toward implementing more robust security measures at the hardware level of embedded devices. This includes secure boot, hardware-based encryption, and intrusion detection mechanisms to protect against potential cyber threats and ensure the integrity of device operations & data.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of embedded systems reached USD 110.3 billion in 2023 and is set to witness 5% CAGR between 2024 and 2032, owing to their wide usage in a variety of automotive applications as they improve vehicle performance, safety and comfort.

The real-time system segment of the embedded systems industry will reach over USD 80 billion by 2032, due its utility in various sectors due to the ability to process data and produce outputs within stringent time limits.

Asia Pacific market accounted for over 30% share in 2023, attributed to rapid technological breakthroughs, substantial industrial growth, and a strong manufacturing ecosystem.

Intel Corporation, NXP Semiconductor N.V, Texas Instruments, Inc, STMicroelectronics, Broadcom Limited, Renesas Electronics Corporation, and Microchip Technology Inc. among others.

Embedded Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 210
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