Embedded Systems Market Analysis, Trends, and Scope 2023 to 2030
Embedded Systems Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 104.31 Billion |
Market Size by 2030 | US$ 159.44 Billion |
Global CAGR (2022 - 2030) | 5.4% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Recent Developments:
Inorganic and organic strategies are highly adopted by the embedded systems market players. A few recent key market developments are listed below:
- In July 2023, Microchip Technology Inc. launched a new research and development (R&D) facility in Hyderabad and announced a US$ 300 million investment over the next five years to grow its activities in India.
- In May 2023, Renesas unveiled three new MCU groups designed for applications involving motor control. Devices from the RX and RA families are among the more than 35 new products that Renesas launched. With several MCU and MPU families, analog and power solutions, sensors, communications equipment, signal conditioners, and other devices, the new MCUs expanded the leading motor control range in the market.
- In September 2022, Marvell introduced its LiquidSecurity 2 (LS2) hardware security module (HSM) adapter, which is intended for general use and payment processing. LS2 is based on the company's technologies and is used in top-tier hyperscale clouds. The new Marvell HSM adapter provides high-performance cryptographic acceleration and processing, as well as hardware-secured storage of up to one million AES, RSA, and ECC encryption keys and 45 partitions for multi-tenant use cases.
- In September 2022, Intel launched the 12th Generation Intel Core processor family, which includes the all-new 12th Generation Intel Core H-series mobile CPUs, led by the Intel Core i9-12900HK, the fastest mobile processor ever developed. The 12th Generation Intel Core family would feature 60 processors and over 500 designs.