HOME Research Insight Renesas Electronics Corporation (Japan) and STMicroelectronics N.V. (Switzerland) are the Leading Players in the Embedded Systems Market



Renesas Electronics Corporation (Japan) and STMicroelectronics N.V. (Switzerland) are the Leading Players in the Embedded Systems Market


The embedded systems market is in its mature stage; hence, the embedded systems market is highly competitive with the presence of a significant number of big and small players. This market is expected to grow at a CAGR of 4.05% during the forecast period

Product development and agreement, and partnership/collaboration have been the key strategies adopted by the players to grow in the embedded systems market. Both the strategies accounted for a share of ~60% and ~21% respectively, of the overall growth strategies adopted by the market players between January 2014 and March 2017. The increasing concerns to manufacture the hardware and software for embedded systems applications have encouraged the companies to adopt this strategy.

Besides product development and agreement, and partnership/collaboration strategies, the companies have also adopted merger and acquisition to expand their business operations, product portfolio, and distribution network, as well as strengthen their position and increase their share in this market.

Renesas Electronics Corporation (Japan) is one of the leading manufacturers of hardware and software for embedded system applications. The company provides advanced semiconductor solutions such as microcontrollers, system-on-chip (SoC) solutions, and a broad range of analog and power devices, as well as LCD modules. Renesas Electronics Corporation offers three levels of solutions providing ideal services with added value for clients in three domains—Automotive, Industrial/Home Electronics (HE), and Office Automation (OA)/Information Communication Technology (ICT). Moreover, Renesas Electronics Corporation has adopted the inorganic growth strategy to increase its presence in the embedded systems market. For instance, in February 2017, Renesas Electronics Corporation acquired Intersil Corporation (US) to strengthen its position in the embedded systems market.

STMicroelectronics N.V. (Switzerland) designs, develops, and manufactures semiconductor products across the globe. The company offers a wide range of products including discrete and standard commodity components, application-specific integrated circuits (ASICs), and application specific standard products (ASSPs) for analog, digital, and mixed-signal applications. Moreover, the company caters to various sectors such as telecommunications, consumer electronics, automotive, computer, and industrial. The company continuously invests in research and development (R&D) activities to gain a competitive advantage. For instance, the company spent approximately 19% of its total revenue on R&D to bring innovation in semiconductor technology as well as to launch hardware and software products. Moreover, the company follows the organic and inorganic growth strategy to increase its presence in the embedded systems market. For instance, in May 2016, STMicroelectronics N.V. launched a new family of automotive microcontrollers, which provides more secure and connected cars.

Related Reports:

Embedded Systems Market by Hardware (MPU, MCU, Application Specific IC / Application Specific Standard Product, DSP, FPGA, and Memory), Software (Middleware and Operating System), Application, and Geography - Global Forecast to 2023

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