Artificial Intelligence
Global Embedded System Market Size To Grow USD 262.05 Billion By 2032 | CAGR of 5.3%
New York, United States , June 12, 2023 (GLOBE NEWSWIRE) — The Global Embedded System Market Size is to grow from USD 156.35 billion in 2022 to USD 262.05 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period.
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Embedded systems are computing devices designed to perform specific tasks within a larger system. These systems are integrated into other products or devices and work behind the scenes to provide functionality. They are found in a wide range of applications such as home appliances, automobiles, medical equipment, and industrial machinery. Embedded systems are typically designed to be low-power, compact, and operate in real-time. They may include a microcontroller, sensors, and other components that allow them to interact with the environment and perform their intended function. As the demand for smart, connected devices increases, the importance of embedded systems continues to grow.
Report Coverage
This research report categorizes the market for embedded system market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the embedded system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the embedded system market.
Browse key industry insights spread across 210 pages with 125 market data tables and figures & charts from the report on “Global Embedded System Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware and Software), By Function (Standalone system, Real-time system, Network system, and Mobile system), By Application (Automotive, Consumer Electronics, Manufacturing, Retail, Media & Entertainment, Military & Defense, Telecom, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032″ Get Detailed Report Description Here:
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The microprocessor component is expected to grow at a CAGR of 6.5% during the forecast period.
Based on the type of component, the global embedded system market is segmented into hardware and software. The microprocessor component sub-segment of hardware is anticipated to witness significant growth in the forecast period within the embedded system market. This growth can be attributed to the increasing demand for more powerful and energy-efficient microprocessors to support the advancement of complex applications such as artificial intelligence, machine learning, and edge computing. The expanding use of microprocessors in various industries, including automotive, healthcare, and industrial automation, is driving the growth of this segment. Furthermore, advancements in semiconductor technology and the development of multicore processors are further fueling the growth of the microprocessor component segment.
The standalone system segment held the largest revenue share of around 32.4% in 2022.
Based on function, the global embedded system market is segmented into standalone system, real-time system, network system, and mobile system. The standalone system segment held the largest market share in 2022, the demand for standalone embedded systems is driven by factors such as ease of use, portability, and lower cost of implementation. Additionally, standalone systems offer higher security and data privacy, making them suitable for sensitive applications. With the increasing demand for smart and connected devices, the standalone system segment is expected to continue dominating the embedded system market, especially in applications that require high levels of security and reliability.
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Asia-Pacific is anticipated to grow at a significant CAGR over the forecast period.
Based on region, Asia-Pacific is poised to witness significant growth in the forecast period in the embedded system market. The region’s rapid economic growth, coupled with a rising population and increasing urbanization, creates a favorable environment for the adoption of embedded systems. The expanding consumer electronics market, especially in countries like China and India, is a key driver for this growth. Additionally, the automotive industry in the region is experiencing substantial development, with a focus on electric vehicles and advanced driver-assistance systems, further propelling the demand for embedded systems. Moreover, the growing industrial automation and smart manufacturing initiatives in countries like Japan and South Korea contribute to the anticipated growth of the embedded system market in the Asia-Pacific.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global embedded system market includes Intel Corporation, Renesas Electronics, Texas Instruments Inc., NXP Semiconductors, Qualcomm Incorporated, Cypress Semiconductors, Infineon Technologies, Analog Devices Inc, Microchip Technology Inc., STMicroelectronics N.V., Samsung Electronics, On Semiconductor, and Toshiba Corporation.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global embedded system market based on the below-mentioned segments:
Embedded System Market, By Component
- Hardware
- Software
Embedded System Market, By Function
- Standalone system
- Real-time system
- Network system
- Mobile system
Embedded System Market, By Application
- Automotive
- Consumer Electronics
- Manufacturing
- Retail
- Media & entertainment
- Military & Defense
- Telecom
- Others
Embedded System Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
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Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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