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The latest report by IMARC, titled “ EmbeddedProcessorMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast 2022-2027
” "the global embedded processormarket reached a valueof US$ 17.5Billion in 2021.
An embedded processor refers to a type of microprocessor that is programmed into a system to simultaneously control its electrical and mechanical functions. It comprises various discrete chips that are embedded in one system while also consisting of dedicated computing cores, memory and programmableinput/output peripherals.
It is characterized by a simple design and compact size that has limited computational power and minimal power requirements. It is specially designed to cater to the requirements of an embedded system. These systems find extensive applications in numerous consumer electronics, household appliancesand telecommunication systems.
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The market is primarily driven by the increasing sales of consumer electronics across the globe. This can be attributed to the improving living standards of the masses, inflating disposable income levels and the rising penetration rate of high-speed internet connection. Since embedded processors form an indispensable component of these electronics, this is providing a thrust to the market growth. There has also been a significant increase in automation and rapid digitization across numerous industrial processes. Several industries are widely utilizing embedded processor-based systems to facilitate smooth operation and enhance the overall performance of industrial equipment, which is catalyzing the market growth. The market is further driven by their escalating demand from the automotive sector. Manufacturers are now replacing mechanical systems in automobiles with electronic systems due to the enhanced convenience offered by them.
They are employing embedded systems for automating numerous functions of the vehicles, including wiper, airbags and anti-lock brake controls. These systems are additionally being employed in the healthcare sector for analyzing data obtained from X-rays, nodes, sensors, ultrasounds and computed tomography (CT) scans. Moreover, these processors are now being integrated with embedded graphics and multiple advanced technologies, including artificial intelligence (AI) and the Internet of Things (IoT). These variants are expected to offer enhanced efficiency with improved internet capabilities, thereby creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 7.2% during 2022-2027.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
MarketSummary:
BreakupbyType:
•Microprocessor
•Microcontroller
•Digital Signal Processor
•Embedded Field ProgrammableGateArray(FPGA)
•Others
BreakupbyNumberofBits:
•16Bit
•32Bit
•64Bit
•Others
BreakupbyApplication:
•Automotive/Transportation
•Industrial Automation
•Information and Communication Technology
•Healthcare
•Utilities
•Others
BreakupbyRegion:
•North America
• United States
• Canada
•Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
•Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
•Latin America
• Brazil
• Mexico
• Others
•MiddleEast and Africa
CompetitiveLandscapewithKeyPlayers:
• Analog Devices Inc
• BroadcomInc.
• Infineon TechnologiesAG
• Intel Corporation
• Microchip TechnologyInc
• NXP Semiconductors N.V.
• ON Semiconductor Corporation
• RenesasElectronicsCorporation
• STMicroelectronicsN.V.
• Texas InstrumentsIncorporated
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https://www.imarcgroup.com/embedded-processor-market
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