Allied Market Research published latest research report on “Embedded Systems Market by Component (Hardware, Software), by Application (Automotive, Consumer Electronics, Industrial, Aerospace and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031” According to the report, 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.
Global embedded systems market is witnessing a significant growth owing to growing investments in R&D by prime original equipment manufacturers (OEM)s globally. Further, rise in government investment in 5G infrastructure which will boost the deployment of 5G embedded systems in applications such as consumer electronics, energy, healthcare, telecommunication, and others is significantly propelling the growth of the global embedded systems market. The market for embedded systems is expanding due to the rising global adoption of smart homes and smart industries.
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The key players profiled in the report include Analog Devices, Cypress semiconductors, Infineon Technologies, Intel Corporation, Microchip Technology, NXP Semiconductors, Qualcomm Incorporated, Renesas Electronics, STMicroelectronics and Texas Instruments, Inc.
Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition, to expand their foothold in the Embedded Systems Market.
Market Mapping and Landscape Analysis-
The skilled experts at Allied Market Research closely monitor the market environment and pinpoint the necessary relevant and important driving and restraining factors. These facets help the stakeholders in developing appropriate business strategies in Embedded Systems Market.
The process of market mapping and landscape analysis entails locating the major players in a Embedded Systems Market, or region and categorizing them according to pertinent factors (component/service type, industry vertical, application, and region) is particularly helpful for businesses considering significant expansion, refocusing, or going through a thorough strategic planning process. It is essential for establishing collaboration for mutual benefit.
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By region, the report examines the Embedded Systems Market trends across North America (Mexico, Canada, the United States), Europe (Italy, Germany, France, Spain, the United Kingdom, and the rest of the continent), Asia-Pacific (South Korea, Australia, China, Japan, India, and the rest of the Asia-Pacific), and LAMEA (the Middle East, Africa, and Latin America) are some of the regions that the market has covered.
Key Points Covered by our Primary and Secondary Initiatives-
- What are the main strategies used by the top players in the market?
- What are the major opportunities and drivers for the growth of the Embedded Systems Market?
- What impact did the COVID-19 outbreak have on the world economy?
- Which are the top players in the Embedded Systems Market?
- What is the Embedded Systems Market growth?
- Which region or segment is expected to be the leader during forthcoming years?
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Embedded Systems Market analysis from 2023 to 2031 to identify the prevailing Market opportunities.
- Embedded Systems Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Embedded Systems Market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global Embedded Systems Market trends
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Latest Development:
Embedded systems are increasingly prospering into networking/data centers as well as wireless base stations, memories such as solid-state drive (SSD), Hard Drives (HDD) and other applications. For instance, in March 2021, Intel Corporation launched Solid State Drive (SSD) 670p, a 144-layer quad-level cell (QLC)-based client SSD which has its application in storage and gaming. The Intel SSD 670p is based on 144-Layer QLC 3D NAND with 128 gigabytes per die and provides up to two times better read performance, 38% better random read performance and up to 50% better latency over previous generation SSDs.
Embedded Systems Market Report Highlights
| Aspects | Details |
|---|---|
| Market Size By 2031 | USD 163.2 billion |
| Growth Rate | CAGR of 6.5% |
| Forecast period | 2021 – 2031 |
| Report Pages | 265 |
| Application | Automotive Consumer Electronics Industrial Aerospace and Defense Others |
| Component | Hardware Hardware Type MPU MCU FPGA Memories Others Software |
| By Region | North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Rest of Europe) Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA (Latin Amercia, Middle East, Africa) |
| Key Market Players | Intel Corporation, Renesas Electronics, Texas Instruments Inc., NXP Semiconductors, Qualcomm Incorporated, Cypress Semiconductors, Infineon Technologies, Analog Devices Inc., Microchip Technology Inc., STMicroelectronics N.V. |
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