The embedded security market size has been estimated to be valued at USD 7.4 Billion in 2023 and is projected to reach USD 9.8 Billion by 2028, growing at a CAGR of 5.7% from 2023 to 2028. Increasing consumer understanding of cybersecurity hazards fuels the need for secure devices and services, prompting the adoption of embedded security technologies. As technological advancement accelerates, different region across the globe also faces a rising number of cyber threats. Embedded security is crucial to counteract cyberattacks and protect critical infrastructure.
Key players in the embedded security system market include Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Thales Group, Samsung, Broadcom, Cisco, Rambus, IBM, Microchip Technology, Inc., IDEMIA, and Renesas. Key players are investing a lot in R&D, making it difficult for others to enter the market. The key players have a stronghold in the market and continue their dominance owing to their wide product ranges.
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NXP Semiconductors holds a prominent position as a leading provider of embedded security solutions. It claims the top spot globally for secure microcontrollers (MCUs) and secure elements (SEs). NXP’s embedded security offerings find applications across various sectors, including automotive, industrial, IoT, and mobile. In the automotive domain, NXP’s secure MCUs and SEs are integral to electronic control units (ECUs), advanced driver assistance systems (ADAS), and infotainment systems. Likewise, these components contribute to industrial automation, smart metering, and medical devices in the industrial sphere. For IoT applications, NXP’s secure MCUs and SEs are vital for smart homes, wearables, and industrial IoT. Mobile devices such as smartphones, tablets, and wearables are fortified with NXP’s secure solutions. NXP employs several strategic approaches to maintain its dominance in the embedded security arena. This includes substantial investment in research and development to stay at the forefront of security innovation. The acquisition of innovative companies enhances its product range and market reach, while partnerships with key players in the automotive, industrial, and IoT sectors foster secure solution development. NXP’s commitment to promoting security awareness among stakeholders further solidifies its position.
Infineon Technologies' embedded security solutions are characterized by strong authentication, secure data encryption, secure boot, and secure firmware updates, fortifying the security landscape. The company executes a series of strategic actions to assert its dominance in the embedded security market, encompassing substantial investments in research and development, strategic acquisitions to expand its product portfolio, partnerships with key industry players, and security awareness promotion among stakeholders. Infineon’s recent endeavors include the launch of the groundbreaking OPTIGA™ Trust X MCUs offering root-of-trust protection for safety-critical functions, the acquisition of Cypress Semiconductor to expand its embedded security solutions, and the development of AURIX™ TC3x Secure Connectivity Modules addressing IoT security requisites. Infineon plans to uphold its commitment to invest in research and development, further acquisitions, and strategic partnerships within the embedded security domain. With its unwavering dedication to providing secure solutions, Infineon remains poised to sustain its prominence in the embedded security market, safeguarding the interests of its customers and partners alike.
Qualcomm is leading in delivering embedded security solutions, securing the third spot globally for secure microcontrollers (MCUs) and secure elements (SEs). Widely applied across diverse applications, Qualcomm’s embedded security solutions span the automotive, industrial, IoT, and mobile sectors. Qualcomm’s embedded security solutions encompass robust features encompassing strong authentication, secure data encryption, secure boot, and secure firmware updates. Qualcomm pursues strategies to dominate the embedded security market, including substantial investments in research and development, strategic acquisitions to broaden its product scope, partnerships with key industry stakeholders, and the propagation of security awareness among its customers and partners. Qualcomm’s distinct strategies, compared to its competitors, encompass a pronounced focus on mobile processors, providing an edge in addressing the embedded security market. With a vast installed customer base, Qualcomm’s security solutions find wide-reaching applications. Its comprehensive product lineup also spans dedicated security processors, cryptographic engines, and mobile processor security features. Strategic collaborations in the automotive, industrial, and IoT sectors further bolster its foothold in the market.
STMicroelectronics takes the lead in furnishing embedded security solutions, securing the fourth spot globally for secure microcontrollers (MCUs) and secure elements (SEs). The scope of STMicroelectronics’ embedded security solutions is extensive, spanning applications across the automotive, industrial, IoT, and mobile sectors. STMicroelectronics introduces a suite of products catering to embedded security applications, including the STSAFE™-A110 Cryptographic Engine for cryptographic functions, security-enhanced MCUs featuring secure boot and firmware updates, and IoT Security Solutions encompassing secure gateways, sensors, and firmware updates. STMicroelectronics’ distinctive strategies vis-à-vis its competitors strongly emphasize the automotive sector. Leveraging its position as a premier supplier of automotive semiconductors, STMicroelectronics gains a competitive edge in the embedded security market for automotive applications. Its automotive MCUs and SEs are integral to safety-critical functions such as electronic control units (ECUs) and advanced driver assistance systems (ADAS). Additionally, STMicroelectronics boasts a comprehensive product portfolio spanning cryptographic engines, secure gateways, and sensors, enabling it to cater to a diverse range of customer needs.
Embedded Security Market by Offering (Hardware (Secure Element, Embedded Sim, Hardware Token), Software, Services), Security Type (Authentication and Access Management, Payment, Content Protection), Application and Region - Global Forecast to 2028
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