The global embedded processor market is expected to grow at a compound annual growth rate of 6.58% over the forecast period to reach a market size of US$17.723 billion in 2026, from US$11.345 billion in 2019. Embedded Processors are a type of microprocessors used in an embedded system. These processors are usually smaller and consume lesser power and are designed to handle multiple processes in real-time. Technological advancements have led to the development of, ultra-low-power microprocessors with higher efficiency, with integrated Wi-Fi and internet capabilities. This has led to surging demand for these processors across various industry sectors and in turn augmenting the embedded processor market growth globally. The growth consumer electronics market is expected to increase the demand for the embedded processor in the forecast period. The increasing focus of automobile manufacturers on the electrification and automation of vehicles is also expected to boost the demand for these processors over the forecast period.
GLOBAL EMBEDDED PROCESSORS MARKET, US$ billion, 2019 to 2026
Source: Knowledge Sourcing Intelligence Analysis
Growth in the consumer electronics sector.
The market is expected to surge in the coming years, due to the growth in the consumer electronics market, worldwide. The rise in disposable income, increasing urbanization is expected to drive the demand for novel and advanced products and solutions. According to the data given by the World Bank, 68% of the global population is expected to reside in urban areas by the year 2050. Countries like China, India, and others, are expected to play a major role in the market growth, in the coming years. The growth of the 5G network in China is also projected to lead the market growth. The Chinese government had announced its intention to create 300,000 5G stations by the end of the year 2020. India is also making significant developments in the market. According to the data given by the India Brand Equity Foundation, the Indian consumer electronics and appliance market is was around US$10.93 billion in the year 2019. The market had been expected to reach US$21.18 billion by the year 2025. The growth of embedded processors is likely to surge with the increasing demand for consumer electronics.
Growth in the automotive sector.
The market is likely to surge in the coming years, due to the growth of the automotive sector, worldwide. According to the data given by the International Organisation of Motor Vehicle Manufacturers, 91.7 million vehicles were produced in the year 2019, worldwide. The automotive manufacturers have been using consumer electronics and electrifying their vehicles, which is expected to play a major role in the market growth. Some novel trends of embedded systems in automobiles include event data recorders, airbags, rain-sensing wipers, cruise control, anti-lock brake systems, automatic parking, emission control, navigation systems, in-vehicle entertainment, and others. The increasing demand for electric vehicles is also expected to play a major role in the market growth. According to the International Energy Agency, sales of electric vehicles were around 2.1 million in the year 2019, worldwide. In 2019, there were around 7.2 million electric vehicles on road. Companies like Tesla, and General Motors are enhancing their electric car production, in the past few years. In the year 2020, Tesla produced 509,737 electric vehicles and delivered 499,550 electric vehicles.
GLOBAL EMBEDDED PROCESSORS MArket SHARE, BY GEOGRAPHY, 2019 & 2026
Major companies have been making significant developments in the market, in the past few years. Congatec, one of the key players in the market, provides an AI accelerated intelligent embedded vision starter kit, which has been based on a SMARC 2.1 computer-on-module congra-SMX8 Plus and features 1 ARM Cortex-M72 controller, 4 Arm Cortex-A53 cores, and NXP Neutral Processing Unit. The company's kit had been integrated with Basler embedded vision software.
|Market size value in 2019||US$11.345 billion|
|Market size value in 2026||US$17.723 billion|
|Growth Rate||CAGR of 6.58% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||NXP Semiconductors, Intel Corporation, Marvell Technology Group, Texas Instruments, Analog Devices, Broadcom Inc., Qualcomm, Renesas Electronic Corporation, STMicroelectronics, Infineon Technologies AG|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the embedded processor market size by 2026?
A1. The global embedded processor market is expected to reach a total market size of US$17.723 billion in 2026.
Q2. What are the growth prospects for the embedded processor market?
A2. The embedded processor market is expected to grow at a CAGR of 6.58% during the forecast period.
Q3. What is the size of global embedded processor market?
A3. Embedded Processor Market was valued at US$11.345 billion in 2019.
Q4. How is the global embedded processor market segmented?
A4. The embedded processor market has been segmented by type, end-user industry, and geography.
Q5. What factors are anticipated to drive the embedded processor market growth?
A5. The growth consumer electronics market is expected to increase the demand for the embedded processor in the forecast period.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Embedded Processors Market Analysis, By Type
5.2. General-Purpose Processors
5.3. Application Specific Processors
5.3.1. Digital Signal Processors
5.3.2. Application Specific Integrated Circuit
5.3.3. Application Specific Instruction Set Processor
6. Global Embedded Processors Market Analysis, By End-User Industry
6.2. Consumer Electronics
7. Global Embedded Processors Market Analysis, By Geography
7.2. North America
7.2.1. United States
7.3. South America
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. NXP Semiconductors
9.2. Intel Corporation
9.3. Marvell Technology Group
9.4. Texas Instruments
9.5. Analog Devices
9.6. Broadcom Inc.
9.8. Renesas Electronic Corporation
9.10. Infineon Technologies AG
Marvell Technology Group
Renesas Electronic Corporation
Infineon Technologies AG
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