The global embedded controllers market in 2023 is held at USD 5,914 million. With 7.2%, the projected market growth during 2023 to 2033 is expected to be significantly higher than the historical growth. Simple programmable logic devices are expected to be the highest revenue-generating product category, projected to register an opportunity of 7.2% CAGR from 2023 to 2033.
| Attributes | Details |
|---|---|
| Global Embedded Controllers Market Size (2023) | USD 5,914 million |
| Global Embedded Controllers Market Size (2033) | USD 11,889.7 million |
| Global Embedded Controllers Market CAGR (2023 to 2033) | 7.2% |
| United States Embedded Controllers Market Size (2033) | USD 3.9 billion |
| United States Embedded Controllers Market CAGR (2023 to 2033) | 6.9% |
| Key Players Covered | ABB Ltd.; Omron Corporation; Delphi Automotive PLC; Honeywell International Inc.; STMicroelectronics N.V.; Freescale Semiconductor Ltd.; Robert Bosch GmbH; Schneider Electric SE |
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As per the embedded controllers market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value of the embedded controllers market increased at around 9.4% CAGR. The embedded system industry has more demand for hybrid and electric vehicles as people become more concerned about the environment's depletion.
Consumer demand for smart homes and a surge in wearable device use are predicted to drive market expansion in the future. In the semiconductor industry, the embedded controller market also benefits from the rising demand for smartphones and tablets. The embedded controller market is predicted to increase due to key advantages such as real-time operation, reliability, and small size. Great energy efficiency, as well as high safety and dependability, are predicted to drive market expansion.
These control devices are being used to monitor and control equipment connected to the outside world. The embedded controller is the foundation of PLC, Distributed control system is the embedded controller, which allows the application to run even if its umbilical connection to the outside world is removed. Self-configuration, self-restoration, distributed control, and customization are projected to propel the embedded controller market.
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The protection of embedded devices is one of the primary issues that has restricted the development of the embedded system business. Armed units, banks, server farms, and healthcare systems all store information in embedded devices. As a result, safeguarding such systems from cybersecurity attacks is important. Embedded systems are vulnerable to cyber-attacks caused by irregular security updates, a long device lifespan, remote installation, and attack replication. As a result, the embedded system's market expansion is projected to be limited by its vulnerability to cyber-attacks and security breaches.
Cyber risks and security breaches are a concern for embedded systems and are the factors that restrain the growth of the embedded controllers market. Also, over the next few years, the embedded controllers market is projected to be restricted by a lack of awareness, a difficult installation process, negative macroeconomic conditions, and fierce competition.
The development of 5G technology is projected to benefit the embedded system market. As a result, the manufacturing of embedded devices depending on fifth-generation technology is expected to increase. The algorithms in modern smart video surveillance systems installed in new vehicles offer real-time performance. Since 5G networks improve the functionality of imaging devices used in manufacturing and agriculture, the use of these systems will likely increase. As a result, 5G facilities that incorporate embedded infrastructure will contribute significantly to the embedded system market.
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The compact embedded systems, which allow them to contain multiple functionalities, may result in design structures that are complex. This increases the energy consumption of embedded systems. The total lifespan of embedded devices is often harmed by high energy consumption. The temperature of the embedded device affects energy consumption, which increases as the temperature rises. This has an impact on the embedded system's overall performance.
Due to the high implementation of innovations and the presence of large vendors in the region, the North American region is likely to occupy a significant proportion of the market. Furthermore, the market for embedded computing devices has surged with the development of robotics and IoT-based products in the region. The key players in the healthcare sector in this region are shifting to graphical and high computational applications, including advanced computer technologies in all surgical units, diagnostic workstations, bedside monitors with graphics, and enhanced nursing stations. Furthermore, the market is likely to grow in demand throughout the forecast period as factory automation and IoT systems become more popular.
The embedded system market in Asia is growing due to rising per capita income and continuous large-scale urbanization and industrialization. Furthermore, access to low electronic products in the Asia Pacific is likely to contribute to the growth in the region's consumption of microprocessors and microcontrollers. The increasing use of autonomous robotics and embedded vision systems in Asia Pacific is expected to boost the market for embedded system equipment such as microprocessors and microcontrollers for industrial applications.
The United States is expected to account for the largest market share of USD 3.9 billion by the end of 2033. Several advancements in electrical and electronics have occurred in the United States. Freescale semiconductor devices, Texas Instruments, and Intel Corporation are some of the world's leading technology corporations based in the United States. The country's R&D sector is likewise a key driver supporting the embedded systems market.
The USA Department of Defense declared an open embedded computing standard called Sensor Open Systems Architecture (SOSA) in October 2019, which will allow the USA Army to clearly state embedded computer systems that are cost-effective, strong, upgradable, and competitive by mid-2020. Users must face concerns such as affordability, adaptability, and capacities as sensor systems grow in quantity, applications, cost, and complexity. A larger number of stakeholders should be able to quickly reconfigure and reuse sensor systems. The SOSA Consortium brings together government and businesses to encourage positive standards and best practices to enable, improve, and expedite the implementation of affordable, capable, and interoperable sensor systems.
The simple programmable logic devices segment is expected to account for a CAGR of 7.0% by the end of 2033. SPLDs (simple programmable logic devices) are the simplest, smallest, and most affordable programmable logic devices.
The architectures of SPLD are built on the use of dual logic gate array configurations. The first array contains Boolean ANDs, whereas the second contains Boolean O.R.s. These arrays can be combined to create a summation of products that can solve the needed Boolean logic problems. Input and output blocks and constrained programmable internal data routing channels that can allow output signal feedback are included in these devices. One of the most important features of SPLDs is that they can be used to compact electronic devices and automobiles. It can also decrease significant weight and improve the form factor since it provides space for adding other features and increases the price-quality ratio. For example, SPLDs, such as the 7400-series TTL, can be used on boards to substitute basic logic circuits (AND, OR, and NOT gates).
Market revenue through I.T. and Telecommunication sector is forecasted to grow at the highest CAGR of over 6.9% from 2023 to 2033. One of the primary aspects that are propelling the I.T. and Telecommunication sector is spending on 5G infrastructure installation due to the shift in customer preference for future technologies and smartphone devices. The expanding number of mobile subscribers, soaring need for high-speed data connectivity, and rising demand for value-added business solutions are some of the key factors that are boosting the growth of the I.T. and telecommunications sectors in the embedded controller market. Over the last few decades, the I.T. and telecommunications sectors have been one of the key areas for continuing technological advancements.
Embedded hardware is set to support the food networking environment. Technology is suitable for equipping intranet structures with router devices, Ethernet networks, WLAN devices, and protocol converters. Electronic hardware is also present in developing and manufacturing SDN artifacts, such as Field Programmable Gate Arrays and an application-specific integrated circuit. Independent hardware vendors (IHVs) frequently embed navigation bars, 1000BASE-T Ethernet, and 3550 transceivers to perform such tasks as PCI Express, 100G Ethernet, and DDR3 for interfacing. IHVs also use price-efficient and power-efficient technologies like eASIC in radio access network products.
The market is likely to be moderately consolidated, with the key firms pursuing product innovation processes and mergers & acquisitions. Some of the key companies include ABB Ltd., Omron Corporation, Delphi Automotive PLC, Honeywell International Inc., STMicroelectronics, N.V., Freescale Semiconductor Ltd., Robert Bosch GmbH, and Schneider Electric S.E.
Some of the recent developments in the embedded controllers market are:
The global embedded controllers market value is likely to be around USD 5,914 million in 2023.
The global demand for embedded controllers rose at a CAGR of 9.4% between 2018 and 2022.
The market size is forecasted to accrue almost USD 11,889.7 million by 2033.
Advancements in electrics and electronics to make the United States a USD 3.9 billion market by 2033.
Embedded controllers with simple programmable logic devices is expected to register 7% CAGR till 2033.
1. Executive Summary 2. Market Overview 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Simple Programmable Logic Devices 5.2. Complex Programmable Logic Devices 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. 8 Bits 6.2. 16 Bits 6.3. 32 Bits 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. IT and Telecommunication 7.2. Automotive 7.3. Consumer Electronics 7.4. Healthcare 7.5. Industrial 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. ABB Ltd. 18.2. Omron Corporation 18.3. Delphi Automotive PLC 18.4. Honeywell International Inc. 18.5. STMicroelectronics N.V. 18.6. Freescale Semiconductor Ltd. 18.7. Robert Bosch GmbH 18.8. Schneider Electric SE 18.9. ADLINK TECHNOLOGY INC. 18.10. Cisco Systems Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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Embedded Controllers Market
