The embedded system market is projected to grow from USD 86.5 billion in 2020 to USD 116.2 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025. Key factors fueling the growth of this market include an increase in the number of research and development activities related to embedded systems, rise in demand for advanced driver-assistance systems (ADAS) and electromobility solutions for electric vehicles and hybrid vehicles, increase in demand for portable devices such as wearables, and rise in the use of multicore processors in military applications.
The key companies operating in the market include companies operating at different stages of the embedded system value chain. These companies are Intel (US), Renesas (Japan), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Texas Instruments (US), Microchip (US), Cypress Semiconductors (US), Qualcomm (US), Analog Devices (US), and Infineon Technologies (Germany). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, expansions, agreements, partnerships, joint ventures, collaborations, mergers, and acquisitions to strengthen their position in the market.
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Top Players in Embedded System Market:
Intel (US) was one of the leading companies in the embedded system market in 2019, with an increased focus on embedded hardware systems. The embedded processors of the company are offered through its Client Computing Group (CCG) unit. The company designs, manufactures, and distributes embedded solutions for use in automotive, broadcast, communication, energy, financial services, industrial, military, and consumer electronics applications. Intel delivers a wide range of embedded system solutions such as processors, systems and devices, chipsets, field-programmable gate arrays (FPGA), structured application-specific integrated circuits (ASIC), server products, etc. It has adopted strategies of product launches and collaborations to strengthen its position in the market.
STMicroelectronics (Switzerland) is a global provider of semiconductor solutions. The company offers a variety of products such as microcontrollers and microprocessors, power modules and devices, memories, micro-electro-mechanical system (MEMS) and sensors, and analog and digital ICs. It caters to the requirements of industrial and automotive sectors, as well as IoT, personal electronics, and communication applications. STMicroelectronics generates maximum revenue from its Automotive and Discrete Group (ADG). Norstel (Sweden), Atollic (Sweden), and Genesis Microchip (Canada) are a few subsidiaries of STMicroelectronics.
STMicroelectronics has adopted the strategy of new product launches and developments to increase its production efficiency and gain a competitive edge over other players operating in the embedded system market.
Embedded System Market by Hardware (MPU, MCU, Application-specific Integrated Circuits, DSP, FPGA, and Memories), Software (Middleware, Operating Systems), System Size, Functionality, Application, Region - Global Forecast to 2025
See Also: FPGA Companies
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