Embedded System Market

During the period from 2023 to 2031, the market for embedded systems is anticipated to expand at a CAGR of 6%. Key factors driving the growth of this market include an increase in the number of research and development activities related to embedded systems, an increase in the demand for advanced driver-assistance systems (ADAS) and electromobility solutions for electric vehicles and hybrid vehicles, an increase in the demand for portable devices such as wearables, and an increase in the use of multicore processors in military applications.

Embedded technologies play a crucial part in the transformation of the automotive sector. These systems are integrated into the ADAS technology of hybrid and electric vehicles. The expansion of the embedded system market can be ascribed to the increased demand for electric and hybrid vehicles as a result of increased public awareness of the deteriorating state of the environment. Chip manufacturers have expanded their product offerings in recent years. For example, Qualcomm announced the Snapdragon 8 Gen 2 chipset in November 2022, which was meant to power premium smartphones.

The real-time operating system subsegment of the embedded software market is expected to expand at a CAGR of over 10.2% during the forecast period, owing to the system’s wide range of applications, which include flight control, telephone switching equipment, industrial control, and real-time simulations. The increasing demand for VxWorks RTOS, for example, is due to the technology’s ability to save money and accelerate production. In addition, characteristics such as optimal system and device utilization and high output will promote the adoption of RTOS in embedded systems.

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The security of embedded devices has been one of the key obstacles to the market expansion of embedded systems. Memory and other embedded devices carry information that may be crucial for the armed forces, banks, and data centers. Consequently, protecting these devices from cyber-attacks and security breaches is of the utmost significance. Due to factors such as occasional security updates, a lengthy device lifecycle, remote deployment, and attack replication, embedded systems are prone to attack. Thus, it is projected that the sensitivity of embedded systems to cyber-attacks and security breaches will hinder the growth of the embedded systems market.

It is projected that the advent of 5G technology would generate growth prospects for the embedded system industry. According to the GSM Association (GSMA), the 5G market would contribute $2.2 trillion to the global economy by 2034, or 5.3% of global GDP growth. As a result, future embedded device production based on 5G architecture is predicted to expand. Due to the incorporation of 5G into its architecture, embedded devices utilized in vehicle smart video surveillance systems provide quick response times. In addition, it is believed that 5G technology would aid in the resolution of challenges associated with industrial automation and smart farming by enabling rapid image processing. Embedded devices that support 5G infrastructure are expected to drive the growth of the embedded system industry.

The ability of embedded systems to provide numerous functionalities may result in complex design structures. This also raises the energy consumption of the embedded system. High-energy-consumption embedded devices typically have a short lifespan. The energy consumption of the embedded device is temperature-dependent and increases as the device’s temperature rises. This affects the overall performance of the embedded system. Consequently, the high energy consumption of tiny embedded systems poses a substantial impediment to the commercial spread of embedded systems.

In 2022, the microcontrollers subsegment of embedded system hardware held the largest market share. This market sector has expanded due to the increased use of microcontrollers in implanted medical devices, car engine control systems, microwave ovens, washers and dryers, security systems, office equipment, remote controls, power tools, appliances, and toys. The need for microcontrollers continues to increase as a result of automation in numerous industries, the adoption of IoT in a number of verticals, an increase in the global demand for protected applications, and an increase in the global demand for low-energy-consumption devices.

Embedded real-time systems are utilized in applications demanding a rapid response time. Network embedded systems are a sort of real-time embedded system that utilizes a local area network (LAN), wide area network (WAN), or the Internet to access resources and perform specified tasks. There are both wired and wireless connections accessible. The increasing incorporation of IoT into numerous devices, smart settings, and platforms is one factor influencing the demand for real-time embedded systems. Moreover, developments in sensors and actuators utilized for industrial automation, energy distribution, transportation, telecommunication networks, and healthcare applications feed the global demand for real-time embedded systems.

In 2022, the communication market sector held the largest embedded systems market share. For high-speed data transfer, embedded systems are used in routers, Ethernet devices, wireless infrastructures, and protocol converters to promote the expansion of communication infrastructures. In several network and telecommunications applications, embedded hardware such as FPGA and ASIC is utilized. For high-speed data transfer, telecom carriers typically incorporate embedded hardware such as FPGA with hard IP for interfaces such as peripheral component interconnect (PCI) Express, 100G Ethernet, and DDR3/4. In addition, radio access network (RAN) equipment increasingly incorporates power-efficient and cost-effective technologies such as eASIC.

The expansion of the embedded system market in the Asia-Pacific (APAC) region is fueled by rising per capita income and massive industrialization and urbanization. Additionally, the availability of inexpensive electronic items in APAC is expected to contribute to the region’s rising demand for microprocessors and microcontrollers. In APAC industrial applications, the increased use of autonomous robots and embedded vision systems are also anticipated to increase the demand for embedded system hardware, such as microprocessors and controllers.

Among the leading companies in the embedded software market are Xilinx, Via Technologies, Inc., Toshiba Corporation, Texas Instruments, STMicroelectronics, Siemens, SEGGER, Renesas Electronics Corporation, National Instruments Corp., Mitsubishi Electric Corporation, Microsoft, L&T Technology Services Limited, Intellias Ltd., Intel Corporation, IBM, Emerson Electric Co., Green Hills Software, Advantech Co., Ltd., and Accenture. To increase their market position, these corporations are exploring a variety of methods, including mergers and acquisitions and product line expansions. In June 2022, Renesas Electronics Corporation, for instance, introduced two cloud development kits, the CK-RA6M5 and CK-RX65N, aiming to offer a full connectivity solution for the RX and RA Families of 32-bit microcontrollers. These kits were intended to include the Renesas RYZ014A Cat-M1 module, which may establish wireless connections between cloud services and MCUs without the need for a gateway, thereby allowing the company to expand its market presence.

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