The embedded security market size is valued at USD 6.8 billion in 2022 and is anticipated to be USD 9.0 billion by 2027; growing at a CAGR of 5.9% from 2022 to 2027. Factors such as increasing adoption of the Internet of Things (IoT) applications and inclusion of payments functionality in wearables devices are driving the growth of the market during the forecast period.
NXP Semiconductors holds a strong product portfolio in the embedded security market. Automotive products, identity and security, interface, media and audio processing, microcontrollers and processors, power management, wireless connection, RF, sensors, signal chains, software, tools, and system solutions are all offered by NXP Semiconductors. Authentication, automobile access and mobilizers, NFC, Readers ICS, MIFARE ICS, smart labels, and Tag ICs are all provided under the identification and security category. NXP semiconductors offer secure identification, secure transactions, secure interfaces, infrastructure, secure authentication, and anti-counterfeit technology in the security sector. NXP Semiconductors have a global presence across more than 30 countries.
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Infineon Technologies is a major player in the semiconductor industry worldwide. The company has the most comprehensive security solution portfolio, which includes hardware, software, and security. For numerous applications, such as SIM cards for mobile communication, payments, government identity, and transportation tickets, Infineon Technologies offers a secure solution. Embedded security and mobile security solutions for the Internet of Things, such as smart homes, connected cars, industrial automation, and information and communication technologies, are also part of the product line. Infineon Technologies provides security controllers and smart card solutions, as well as its OPTIGA & ORIGA and CIPURSE trademarked embedded security solutions, which are used to improve the efficiency and performance of contactless security, security controllers for USB tokens, and smart card modules.
Qualcomm has a presence in billions of devices around the world and expertise in mobile security and chip development, utilizes this expertise for developing hardware and software-based security in their IoT solutions. It integrates hardware security directly into IoT processors, removing the need for separate security IC and allowing for a faster time to market. Furthermore, as compared to software-only security solutions, hardware-protected firmware is designed to provide higher robustness. Qualcomm has a widespread global presence across 170 locations in more than 30 countries.
Embedded Security Market by Security type (authentication and access management, payment and content protection), Application, Offerings (hardware, software and services) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027
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