IMARC Group, a leading market research company, has recently releases report titled “Embedded Processor Market Report by Type (Microprocessor, Microcontroller, Digital Signal Processor, Embedded Field Programmable Gate Array (FPGA), and Others), Number of Bits (16 Bit, 32 Bit, 64 Bit, and Others), Application (Automotive/Transportation, Industrial Automation, Information and Communication Technology, Healthcare, Utilities, and Others), and Region 2023-2028Acoustic Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global embedded processor market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the embedded processor market?
The global embedded processor market size reached US$ 18.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.41% during 2023-2028.
What is the embedded processor?
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.
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What are the growth prospects and trends in the embedded processor industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
- Texas Instruments Incorporated
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