According to the latest report by IMARC Group, titled “Embedded Processor Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global embedded processor market reached a value of US$ 21.1 Billion in 2020 and expects the market to grow at a CAGR of around 7% during 2021-2026.
Embedded processor refers to a microprocessor that is programmed into the system to control and perform multiple mechanical and electrical functions. They are compact in size, have minimal energy requirements, and require other external peripheral interfaces and integrated memory to perform their designated functions. As a result, embedded processors are widely used in telecommunication systems, household appliances, and consumer electronics such as wireless phones, digital cell phones, cable modems, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Embedded Processor Market Trends:
The expanding consumer electronics industry, along with the growing penetration of IoT-based devices, is primarily driving the market growth. Furthermore, the conventional mechanical systems in automobiles are gradually being replaced by electronic systems that include embedded processors. The increasing popularity of automated devices in vehicles, such as wipers, airbags, and anti-lock brake controls, is propelling the demand for embedded processors. Additionally, numerous technological advancements have led to the emergence of ultra-low-power microprocessors with higher efficiency and better connectivity features. All the above-mentioned factors will continue to drive the market further over the coming years.
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Global Embedded Processor Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corporation, Microchip Technology Inc, NXP Semiconductors N.V., ON Semiconductor Corporation, Renesas Electronics Corporation, STMicroelectronics N.V. and Texas Instruments Incorporated.
The report has segmented the market on the basis on region, type, number of bits and application.
Breakup by Type:
- Microprocessor
- Microcontroller
- Digital Signal Processor
- Embedded Field Programmable Gate Array (FPGA)
- Others
Breakup by Number of Bits:
- 16 Bit
- 32 Bit
- 64 Bit
- Others
Breakup by Application:
- Automotive/Transportation
- Industrial Automation
- Information and Communication Technology
- Healthcare
- Utilities
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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