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Embedded Processor Market Size is projected to reach USD 44 Billion by 2030, growing at a CAGR of 8.2%: Straits Research

·10 min read
Straits Research - Market Research Strategy | Strategy Consulting | Business Research | Business Consulting | Market Research
Straits Research - Market Research Strategy | Strategy Consulting | Business Research | Business Consulting | Market Research

The global embedded processor market size was valued at USD 21.8 billion in 2021 and is projected to reach USD 44 billion by 2030, registering a CAGR of 8.2% during the forecast period (2022-2030). North America is the second largest region. The North America embedded processor market is projected to reach USD 8 billion by 2030, growing at a CAGR of 7.2% during the forecast period.

New York, United States, July 20, 2022 (GLOBE NEWSWIRE) -- An embedded processor is a microprocessor designed for use with an operating system to control the microprocessor's electrical and mechanical systems. Embedded processors are often simple in design and require less power to perform their computations. Embedded processors are typically designed for equipment that must handle many processors in real-time. These processors are incorporated in various microcontrollers and microprocessors to operate multiple electrical and mechanical systems. They also come with functions like data storage and retrieval from memory. Furthermore, they are frequently used in conjunction with memory and other input-output devices as part of a computer system. The global embedded processor market is expected to grow due to increased space restrictions in semiconductor wafers, increased demand for smart consumer devices, and the rising use of embedded processors in the automotive industry.


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Growth in Demand for Smart Consumer Electronics to Drive the Global Embedded Processor Market

Due to their widespread use in consumer electronics items such as cellphones, laptops, and refrigerators, embedded processors are seeing substantial growth. To compete with other competitors in the increasingly competitive industry, manufacturers of these appliances are putting more CPUs and microcontrollers into their gadgets.

High consumer electronics market competitiveness, continuous consumer electronics device upgrades, and increased automation in the automobile industry via electronic devices are expected to drive market growth in the future.

Smartphones have sensors like accelerometer, gyroscope, ambient light sensor, proximity sensor, and temperature detector to track data and give a centralized system for automatic control. For example, Sony Corporation released a stacked CMOS image sensor for smartphone cameras in July 2018 with a 48-megapixel feature built-in. All of these reasons are projected to contribute to the global growth of the embedded processor market.

Increase in Use of Embedded Processors in the Biomedical Sector to Provide Opportunities for the Global Embedded Processor Market

Innovative technology improvements provide medical gadgets and equipment with novel and additional functions. Doctors employ these advanced gadgets and equipment, such as PET scans, MRI machines, and medical imaging, to monitor routine check-ups, such as blood pressure, body temperature, and vital signs. Furthermore, the use of intelligent sensors to assess heartbeat and blood oxygen content, as well as the transfer of medical data to healthcare specialists via the cloud, are providing attractive chances for the embedded processor market to expand. Doctors also use embedded systems and processors in imaging equipment to diagnose health problems without requiring exploratory surgery. As a result, the increased adoption of embedded processors in the biomedical industry will likely provide profitable prospects for the global market.


Report Scope 

Report Metric

Details

Market Size

USD 44 Billion by 2030

CAGR

8.2% (2022-2030)

Historical Data

2019-2020

Base Year

2021

Forecast Period

2022-2030

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Type, Application, Region

Geographies Covered

North America, Europe, Asia-Pacific, LAME and Rest of the World

Key Companies Profiled/Vendors

NXP Semiconductors, Broadcom Corporation, STMicroelectronics, Intel Corporation, Infineon Technologies AG, Analog Devices Inc., and Renesas Electronics, Microchip Technology Inc., Texas Instruments, and ON Semiconductor

Key Market Opportunities

Increase in Usage of Embedded Processors in the Biomedical Sector

Key Market Drivers

Growth in Demand for Smart Consumer Electronics
Emerging Use of Embedded Processors in the Automotive Industry

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Regional Insights

Based on region, the global embedded processor market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, along with their major countries.

Asia-Pacific was the highest revenue contributor and is estimated to be at a CAGR of 10% during the forecast period. Asia-Pacific is the world's fastest-growing region. Due to the availability of high-end upgraded technologies, increased demand for innovative electronics, and expansion in the manufacturing industries, it is the most attractive market for embedded processors. Furthermore, several non-profit organizations in the region are assisting in developing embedded systems. These companies take various steps to create enhanced power infrastructure, propelling the embedded processor market forward. Organizations across verticals understand the necessity of embedded processors to ensure efficient power management as demand for high voltage working devices grows. The increased demand for automated switching devices and power modules is predicted to impact market growth significantly.

North America is the second largest region. The North America embedded processor market is projected to reach USD 8 billion by 2030, growing at a CAGR of 7.2% during the forecast period. The sales of equipped embedded processors are driven by the increase in disposable income of the North American population. Embedded systems have become more popular as diverse industries demand intelligent and innovative equipment and technological platforms. The use of improved technology in the energy & power industry is boosting the market's growth.

Furthermore, during the projected period, using microcontrollers and microprocessors in consumer electronics and electric cars is likely to boost market expansion. Major players in the region provide cutting-edge solutions. This is due to the region's widespread adoption of new technologies, which are likely to drive market expansion.

Europe is the third-largest region. Europe is one of the leading markets for embedded processors. Prominent players are acquiring small semiconductor companies to strengthen their market presence and deliver next-generation technologies through their product portfolio. Growth in the number of digital electronic devices, advanced electronic vehicles, and advanced virtual systems foster several growth opportunities for embedded processor vendors in Europe.


Key Highlights

  • The global embedded processor market was valued at USD 21.8 billion in 2021 and is projected to reach USD 44 billion by 2030, registering a CAGR of 8.2% during the forecast period (2022-2030).

  • Based on type, the global embedded processor market is divided into microprocessors, microcontrollers, digital signal processors, embedded FPGA, and others. The microprocessor segment was the highest contributor to the market and is estimated to grow at a CAGR of 6.4% during the forecast period. Embedded microprocessor systems are computer chips used in residential, industrial, and manufacturing settings. Temperature, speed, moisture, and pressure are just characteristics that microprocessors manage in devices and equipment. All of these considerations have made the microprocessor a crucial component of computer devices, and the embedded processor industry is likely to develop internationally. In addition, the rise in demand for embedded microprocessor units (MPUs) from sectors such as industrial equipment, communications, and automotive OEMs fuels the market growth.

  • On the basis of application, the global embedded processor market is categorized into consumer electronics, automotive & transportation, industrial, healthcare, IT & telecom, aerospace & defense, and others. The consumer electronics segment was the highest contributor to the market, with $4.47 billion in 2019, and is estimated to reach $7.06 billion by 2028, at a CAGR of 7.4% during the forecast period. Technological innovations in the consumer electronics industry, such as the integration of IoT, cloud connectivity, and Bluetooth networking, are increasing the demand for embedded processors. Embedded processors can support advanced displays and graphics, assuring privacy and reliable security, ultimately increasing their adoption in many electronic devices. For instance, NXP semiconductor recently launched i.MX applications processors that support multimedia and display applications.


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The key embedded processor market leaders profiled in the report include

  • NXP Semiconductors

  • Broadcom Corporation

  • STMicroelectronics

  • Intel Corporation

  • Infineon Technologies AG

  • Analog Devices Inc.

  • Renesas Electronics

  • Microchip Technology Inc.

  • Texas Instruments

  • ON Semiconductor


Global Embedded Processor Market: Segmentation

By Type

  • Microprocessor

  • Microcontrollers

  • Digital Signal Processor

  • Embedded FPGA

  • Others

  • Media Processor

  • ASSP

  • ASIA

  • Installed Processor

  • Computerized Signal Processor

By Application

  • Consumer Electronics

  • Automotive and Transportation

  • Industrial

  • Healthcare

  • IT & Telecom

  • Aerospace and Defense

  • Others

  • Manufacturing

  • Telecommunication

  • Surveillance

  • Surveillance

  • Digital Signage

By Region

  • North America

  • Europe

  • Asia-Pacific

  • LAMEA


TABLE OF CONTENT

  1. Introduction

    1. Market Definition

    2. Market Scope

  2. Research Methodology

    1. Primary Research

    2. Research Methodology

    3. Assumptions & Exclusions

    4. Secondary Data Sources

  3. Market Overview

    1. Report Segmentation & Scope

    2. Value Chain Analysis: Embedded Processor Market

    3. Key Market Trends

      1. Drivers

      2. Restraints

      3. Opportunities

    4. Porter’s Five Forces Analysis

      1. Bargaining Power of Suppliers

      2. Bargaining Power of Buyers

      3. Threat of Substitution

      4. Threat of New Entrants

      5. Competitive Rivalry

    5. Market Share Analysis

  4. Type Overview

    1. Introduction

      1. Market Size & Forecast

    2. Microprocessor

      1. Market Size & Forecast

    3. Microcontrollers

      1. Market Size & Forecast

  5. Application Overview

    1. Introduction

      1. Market Size & Forecast

    2. Consumer Electronics

      1. Market Size & Forecast

    3. Automotive and Transportation

      1. Market Size & Forecast

  6. Regional Overview

    1. Introduction

      1. Market Size & Forecast

    2. America

      1. North America

      2. U.S.

        1. By Type

        2. By Application

      3. Canada

        1. By Type

        2. By Application

      4. Mexico

        1. By Type

        2. By Application

      5. Latin America

        1. By Type

        2. By Application

    3. Europe

      1. Market Size & Forecast

      2. Germany

        1. By Type

        2. By Application

      3. France

        1. By Type

        2. By Application

      4. U.K.

        1. By Type

        2. By Application

      5. Italy

        1. By Type

        2. By Application

      6. Spain

        1. By Type

        2. By Application

      7. Rest of Europe

        1. By Type

        2. By Application

    4. Asia Pacific

      1. Market Size & Forecast

      2. Japan

        1. By Type

        2. By Application

      3. China

        1. By Type

        2. By Application

      4. Australia

        1. By Type

        2. By Application

      5. India

        1. By Type

        2. By Application

      6. South Korea

        1. By Type

        2. By Application

      7. Rest of Asia-Pacific

        1. By Type

        2. By Application

    5. Middle East & Africa

      1. Market Size & Forecast

      2. Saudi Arabia

        1. By Type

        2. By Application

      3. South Africa

        1. By Type

        2. By Application

      4. Kuwait

        1. By Type

        2. By Application

      5. Rest of Middle East & Africa

        1. By Type

        2. By Application

  7. Company Profile

    1. NXP Semiconductors

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    2. Broadcom Corporation

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    3. STMicroelectronics

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

  8. Conclusion & Recommendation

  9. Acronyms & Abbreviations


Table of Content and Figure @ https://straitsresearch.com/report/embedded-processor-market/toc 


Market News

  • March 2022 – Compal Electronics, one of the world's major ODMs, has chosen NXP's Layerscape® and Layerscape Access family of processors to power its new 5G Integrated Small Cell (ISC) solution, according to NXP. The new solution, designed to increase the density of 5G networks, has high-performance capabilities based on a 4-antenna configuration to enable new 5G use cases. Smart cities and factories, improved interior 5G coverage, and low-latency apps are among them, and they are available on both public and commercial networks. 


News Media

Lockdown Effect Of The Novel Coronavirus On Semiconductor Industry

Asia Pacific to Witness Significant Growth in the Automotive Embedded System Market


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About Straits Research Pvt. Ltd.

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