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 electro mobility 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.
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Among hardware, the FPGA segment of the market is projected
to grow at the highest CAGR from 2020 to 2025
The field-programmable gate arrays (FPGA) segment of the
embedded system market is projected to grow at the highest CAGR from 2020 to
2025. The growth of this segment can be attributed to the simple design cycles
of FGPA and their ability to reconfigure systems based on the requirements of
applications. Moreover, FPGA support parallel computing, which makes them
suitable for the rapid prototyping of various digital devices. Various
advancements in the telecommunication industry, such as the advent of 5G
technology, are expected to drive the growth of the market for FPGA-based
embedded hardware globally.
The middleware segment of the embedded system market is
projected to grow at a high CAGR during the forecast period
Among software, the middleware segment of the market is
projected to grow at a high CAGR from 2020 to 2025. Middleware is an
alternative to the embedded operating systems (OS) and can either be
incorporated in the OS or integrated with device drivers and OS. Middleware
helps in reducing the complexity of applications by centralizing software
architecture, usually present in application layers. Moreover, it offers
connectivity, intercommunication feature, portability, security, and
flexibility, which embedded OS fail to offer in distributed and heterogeneous
architectures.
Based on functionality, the real-time embedded systems
segment of the market is projected to grow at a high CAGR from 2020 to 2025
The real-time embedded systems segment of the embedded
system market is projected to grow at a high CAGR from 2020 to 2025. Real-time
embedded systems are dedicated to perform given functions within a specified
time frame. Since there is an increasing focus on efficiency and power
management in various applications, these embedded systems are increasingly
being used in network systems, medical systems, process control systems, robot
manufacturing systems, traffic control systems, multimedia systems, etc.
Moreover, the rising demand for real-time data and its analysis, along with the
requirement of advanced communication infrastructure for technologies such as
5G and artificial intelligence (AI), is expected to lead to demand for
real-time embedded systems globally.
The medium-scale embedded systems segment accounted for the
largest share of the embedded system market in 2019
In 2019, the medium-scale embedded systems segment accounted
for the largest share of the embedded system market. Medium-scale embedded
systems are used for packet processing in network switches and routers and data
processing in ultrasonic sensors. These systems form a major part of network
and communication applications owing to their excellent power handling
capacities. The increasing requirement of fast processing of embedded systems
and efficient power consumption are key factors leading to the growing demand
for 16-bit and 32-bit microcontrollers. Based on the number of threads and
memory requirements, embedded devices commonly use either 16-bit
microcontroller or 32-bit microcontroller architectures or a combination of
both.
Among industries, the communication segment accounted for
the largest share of the embedded system market in 2019
The communication segment accounted for the largest share of
the embedded system market in 2019. Embedded systems are used in routers,
Ethernet devices, wireless infrastructures, and protocol converters for
high-speed data transfer to support the expanding communication
infrastructures. Embedded hardware such as FPGA and ASIC are being used in
various network and telecom applications. Telecom providers often integrate
hard IP for interfaces such as peripheral component interconnect (PCI) Express,
100G Ethernet, and DDR3/4 for high-speed data transfer using embedded hardware
such as FPGA. Moreover, technologies such as eASIC, which are cost-effective
and meet power targets, are increasingly used in radio access network (RAN)
equipment.
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APAC is projected to hold the largest share of the embedded
system market in 2025
APAC is expected to hold the largest share of the embedded
system market in 2025. The growing per capita income and ongoing large-scale
industrialization and urbanization are factors driving the growth of the
embedded system market in this region. In addition, the availability of
low-cost electronic products in APAC is expected to contribute to an increased
demand for microprocessors and microcontrollers in the region. The rising use
of autonomous robots and embedded vision systems is also projected to lead to
an increased demand for embedded system hardware such as microprocessors and
controllers for use in industrial applications in APAC.
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) are the key players operating in the
embedded system market. These players are increasingly undertaking strategies
such as product launches, expansions, agreements, joint ventures, partnerships,
collaborations, mergers, and acquisitions to increase their market share.
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