The global industrial embedded systems market stands at US$ 25,935.1 Million in 2022 and is expected to reach US$ 53,390.6 Million by 2032 at a CAGR of 7.5% between 2022 and 2032.
With several end-use verticals getting involved in adopting embedded systems, there would be nothing to look back on for the industrial embedded systems market in the forecast period. Virtualization is being applied in the embedded systems. Industry 4.0 is all set to drive the demand for industrial embedded systems.
The manufacturers, in the present scenario, are increasingly emphasizing on improving energy efficiency, which, in turn, does encourage the incorporation of devices that embedded systems support. Apart from wireless connectivity, smart embedded systems are getting adopted in industrial embedded systems at a quicker rate.
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Industrial automation and robotics are being used at a broader scale, which is expected to catalyze the industrial embedded systems market going forward. Plus, with digital transformation doing the rounds coupled with IIoT (Industrial Internet of Things), the industrial embedded systems market is expected to grow on a grand note in the upcoming period.
Key Takeaways from the Industrial Embedded Systems Market:
- North America holds the largest market share due to increasing number of trained personnel engaged in software development for the embedded systems.
- Europe comes in second on the similar grounds.
- The Asia-Pacific is expected to grow at the fastest rate in the industrial embedded systems market due to presence of large-scale semiconductor fabrication plants like TMSC (Taiwan Semiconductor Manufacturing Company).
Competitive Systems:
- Leopard Imaging Inc., in September 2022, launched LI-XAVIER-BOX-GMSL2 that is powered by Nvidia Jetson AGX Xavier edge AI platform. Leopard has been selected as one of the ‘Elite Member of the Nvidia Partner Network’, developing intelligent embedded vision systems for addressing the rising demand for edge AI applications, robotic applications, autonomous machines, and industrial machine vision applications.
- Dedicated Computing, in September 2022, did announce launching M1300 platform, which comes across as a full-size one, along with M1200 platform (a mid-size one). M1000 family proves as an ideal solution for those who are looking forward to add Artificial Intelligence to conventional healthcare tools.
- AVIN Systems has its AUTOSAR multi-core operating system with bootloaders as per ISO 26262.
- Black Sesame Technologies is known for embedded images with computer vision technology on the basis of AI. The product portfolio includes ADAS/autonomous driving perception, AI chips, face recognition, and light control/ISP image processing.
- Foundries.io’s micro platform is into providing an over-the-air secure update facility, wherein several wireless and wired devices are supported, inclusive of Bluetooth, Wi-Fi, proprietary radios, and mesh networks.
- NXP Semiconductors, in December 2019, completed acquisition of Marvell’s Wi-Fi and Bluetooth connectivity businesses for US$ 1.8 Bn. This all-cash buyout deal was actually signed for providing scalable, complete processing, along with enhanced connectivity solutions to customers in diverse end-markets.
- Renesas, in November 2019, put forth its novel 32-bit RA series Arm Cortex M microcontrollers, thereby providing an extension to 32-bit MCU range that is inclusive of Renesas Synergy Platform and RX series. The basic purpose is that of enhancing performance, connectivity, security, and HMI for IoT devices used in healthcare and metering applications.
- STMicroelectronics, in September 2019, tabled STM32WB wireless microcontrollers for supporting Bluetooth 5.0 technology. They are affordable and do offer robust security.
- Intel and Oracle, in September 2019, entered into collaboration for developing a novel shared persistent memory platform, optimized especially for IoT data processing, financial trading, stock trading, and usage in real-time human interaction.
Leading Key Players:
- Advantech Co., Ltd.
- Intel Corporation
- WinSystems Inc.
- National Instruments
- Toradex Systems (India) Pvt. Ltd.
- Infineon Technologies AG
- Beckhoff Automation GmbH & Co. KG
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What does the Report embed?
- The research study is based on application type (industrial PC, programmable logic controller, uninterruptible power supply, micro programmable logic controller, motor control, industrial sensors, actuator, security systems, industrial communication, and digital input output), and by building size (large and medium and small).
- With 5G technology picking up pace, the global industrial embedded systems market is bound to witness an exponentiation in the forecast period.
Industrial Embedded Systems Market Segmentation:
By Application Type:
- Industrial PC
- Programmable Logic Controller
- Uninterruptible Power Supply
- Micro Programmable Logic Controller
- Motor Control
- Industrial Sensors
- Actuator
- Security Systems
- Industrial Communication
- Digital Input Output
Industrial Embedded Systems Market by Building Size:
- Large and Medium
- Small
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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