Embedded Systems Market to grow at 6.20% CAGR to Reach USD 178.30 billion by 2032 | Report by SNS Insider

The embedded systems market is driven by the proliferation of IoT devices and advancements in Industry 4.0.

AUSTIN, TX, UNITED STATES, January 30, 2025 /EINPresswire.com/ -- Market Size & Industry Insights

As Per the SNS Insider,“The Embedded Systems Market Size was valued at USD 103.79 billion in 2023 and is expected to reach USD 178.30 billion by 2032 and grow at a CAGR of 6.20% over the forecast period 2024-2032.”

Driving Innovation: Embedded Systems Transform the Automotive Industry

The automotive embedded systems market is experiencing remarkable growth, driven by advancements in autonomous and electric vehicles (EVs) alongside safety technologies like Advanced Driver Assistance Systems (ADAS). These systems play a crucial role in vehicle connectivity, fuel efficiency, and safety, managing functions such as engine control units (ECUs), infotainment, ABS, and adaptive cruise control. With modern vehicles incorporating up to 70 microcontrollers, the integration of AI and machine learning enables real-time monitoring and decision-making. As 74% of Original Equipment Manufacturers (OEMs) focus on electrification, sustainability is shaping market innovation. Technologies like virtualized hardware labs are accelerating development, ensuring continued advancements in safety, performance, and eco-friendly solutions, driving the automotive embedded systems market to thrive.

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SWOT Analysis of Key Players as follows:
- Renesas Electronics
- STMicroelectronics
- Infineon Technologies
- Texas Instruments
- Qualcomm
- NXP Semiconductors
- Microchip Technology
- Analog Devices
- Intel Corporation
- Advanced Micro Devices
- Broadcom
- Cisco Systems
- Samsung Electronics
- IBM
- Micron Technology
- Qualcomm Technologies International
- ON Semiconductor
- Broadcom Inc.
- MediaTek
- Nvidia Corporation

Component and Type Analysis: Unveiling Key Drivers of the Embedded Systems Market

By Component

The hardware segment led the embedded systems market in 2023, accounting for approximately 63% of the market share. This dominance is driven by the growing demand for microcontrollers, sensors, processors, and other critical components across industries like automotive, consumer electronics, and industrial automation. The rise of IoT devices and connected technologies has further heightened the need for high-performance hardware, boosting market growth. Innovations in energy efficiency, miniaturization, and component integration are enhancing functionality and performance, making hardware a cornerstone of embedded systems. These advancements ensure hardware remains integral to meeting the evolving demands of modern industries.

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By Type

The standalone embedded systems segment dominated the embedded systems market in 2023, holding a 39% share. Known for their ability to operate independently, these self-contained systems are tailored for specific tasks, offering reliability and efficiency across applications like consumer electronics, automotive, medical devices, and industrial machinery. Their specialized functionality, ease of integration, and scalability make them ideal for industries requiring dedicated solutions. Growing demand for reliable and efficient systems in sectors such as healthcare and automation continues to drive this segment's dominance, solidifying its importance in meeting diverse industrial needs.

Regional Insights: North America Leads, Asia-Pacific Surges in Embedded Systems Market

North America dominated the embedded systems market in 2023, accounting for 39% of total revenue, driven by advanced industries such as automotive, healthcare, and aerospace, alongside strong IoT and AI investments. The presence of leading tech companies and robust R&D infrastructure further solidifies its position.

Asia-Pacific is projected to be the fastest-growing region from 2024 to 2032, fueled by China's smart city advancements, India’s expanding IT sector, and Japan and South Korea’s leadership in automotive and robotics. Government investments, manufacturing strength, and rising demand for IoT and automation are accelerating Asia-Pacific’s growth trajectory.

Recent Development

-November 21, 2024, Future of Embedded Systems Design: A Look at Hardware-Software Co-Design, Renesas is revolutionizing embedded system design with the launch of Renesas Quick Connect, a platform that accelerates hardware-software co-design. This innovative solution simplifies integration, optimizing design efficiency, reducing costs, and speeding up time-to-market for IoT and AI-powered systems.

-January 24, 2025, STMicroelectronics Unveils New STM32 Microcontrollers to Accelerate AI at the Edge STMicroelectronics has launched the STM32N6 microcontroller series, featuring the proprietary Neural-ART Accelerator, offering 600 times the machine-learning performance of previous models. This innovation enables power-efficient AI capabilities, such as computer vision and audio processing, in embedded systems for cost-sensitive industries.

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Table of Content - Major Points Analysis

Chapter 1. Introduction

Chapter 2. Executive Summary

Chapter 3. Research Methodology

Chapter 4. Market Dynamics Impact Analysis

Chapter 5. Statistical Insights and Trends Reporting

Chapter 6. Competitive Landscape

Chapter 7. Embedded Systems Market Segmentation, by Component

Chapter 8. Embedded Systems Market Segmentation, by Type

Chapter 9. Embedded Systems Market Segmentation, by Application

Chapter 10. Regional Analysis

Chapter 11. Company Profiles

Chapter 12. Use Cases and Best Practices

Chapter 13. Conclusion

Continued…

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Akash Anand
SNS Insider
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