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Embedded Systems Market Share

Report ID: GMI117
Published Date: Jun 2024
Report Format: PDF

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Embedded Systems Market Share

Intel Corporation & NXP Semiconductor N.V. hold a market share of over 15% in the embedded systems industry. The companies are dominating the market owing to their deep industry experience and a wide range of product offerings. Intel uses innovation and cutting-edge technology to provide a variety of System-on-Chips (SoCs), microprocessors, and development tools to meet the needs of a wide range of embedded applications.

Owing to their excellent performance, scalability, and dependability, Intel products are essential to many sectors including consumer electronics, healthcare, industrial automation, and automotive. Through strategic alliances, acquisitions, and R&D, Intel is able to meet the changing demands of the embedded systems market and remain at the forefront of technological breakthroughs.

Similarly, NXP Semiconductors N.V. is well known for its wide array of microcontrollers, connectivity options, and security technologies and is a major force in the embedded systems industry. It is an essential supplier to the automotive sector owing to the broad usage of its products in applications related to ADAS, in-vehicle networking, and secure connection.

Furthermore, NXP's emphasis on embedded security solutions, such as safe payment and identity protocols, fortifies its market position. NXP holds a significant market position owing to its ability to provide embedded solutions that are high-quality, dependable, and secure as well as its strategic focus on important growth areas including industrial automation, smart cities, and IoT.

Embedded Systems Market Companies

Major players operating in the embedded systems industry are:

Intel Corporation
NXP Semiconductor N.V.
Texas Instruments, Inc.
STMicroelectronics
Broadcom Limited
Renesas Electronics Corporation
Microchip Technology Inc.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of embedded systems reached USD 110.3 billion in 2023 and is set to witness 5% CAGR between 2024 and 2032, owing to their wide usage in a variety of automotive applications as they improve vehicle performance, safety and comfort.

The real-time system segment of the embedded systems industry will reach over USD 80 billion by 2032, due its utility in various sectors due to the ability to process data and produce outputs within stringent time limits.

Asia Pacific market accounted for over 30% share in 2023, attributed to rapid technological breakthroughs, substantial industrial growth, and a strong manufacturing ecosystem.

Intel Corporation, NXP Semiconductor N.V, Texas Instruments, Inc, STMicroelectronics, Broadcom Limited, Renesas Electronics Corporation, and Microchip Technology Inc. among others.