According to the latest report by IMARC Group, titled “Embedded Processor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global embedded technology market size reached US$ 18.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.41% during 2023-2028.
An embedded processor refers to a microprocessor programmed into a system to control multiple mechanical and electrical functions simultaneously. There are two types of embedded processors, namely, ordinary microprocessors and microcontrollers. They consist of various discrete chips embedded in a single system, along with computing cores and programmable input/output peripherals. An embedded processor is usually compact in handling and consumes minimal energy. On account of these properties, they are widely adopted in the manufacturing of numerous household appliances and form a crucial component in consumer electronics and telecommunication system
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the global industry behaviors of the consumers globally. Our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Embedded Processor Market Trends:
The inflating sales of consumer electronics is the major factor fueling the global embedded processor market growth. It can be accredited to the improving living standards of the consumers and the availability of high-speed internet across the globe. Additionally, the rising demand for embedded processors in the automotive sector to automate numerous functions of vehicles is creating a positive outlook for the market. The market is further being supported by rapid technological advancements, such as artificial intelligence (AI), the Internet of Things (IoT), and the development of ultra-low power microprocessors to offer enhanced operational efficiency.
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Global Embedded Processor Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corporation, Microchip Technology Inc, NXP Semiconductors N.V., ON Semiconductor Corporation, Renesas Electronics Corporation, STMicroelectronics N.V. and Texas Instruments Incorporated.
The report has segmented the market on the basis on region, type, number of bits and application.
Breakup by Type:
- Microprocessor
- Microcontroller
- Digital Signal Processor
- Embedded Field Programmable Gate Array (FPGA)
- Others
Breakup by Number of Bits:
- 16 Bit
- 32 Bit
- 64 Bit
- Others
Breakup by Application:
- Automotive/Transportation
- Industrial Automation
- Information and Communication Technology
- Healthcare
- Utilities
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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