North America Embedded Systems Market Forecast to 2030
North America Embedded Systems Market Forecast to 2030 – Regional Analysis – by Component [Hardware (Sensor, Microcontroller, Processors and ASICS, Memory, and Others) and Software], Functionality (Real-Time Embedded Systems, Standalone Embedded Systems, Networked Embedded Systems, and Mobile Embedded Systems), and Application (Automotive, Telecommunication, Healthcare, Industrial, Consumer Electronics, and Others)
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Description
Rise in Demand in Automotive Industry Fuels North America Embedded Systems Market
The impact of modern technology has shaped the industry. The advent of digital technology across the world made it possible to implement advanced solutions in automobiles. Today, cars are equipped with a range of sophisticated technologies for making driving safer, comfortable, and enjoyable for users. Embedded systems are highly used in both regular and hybrid automotive vehicles. These systems are playing a significant role in redesigning the automotive industry. The systems are used in ADAS technology incorporated in electric and hybrid vehicles. The growing demand for electric and hybrid vehicles is driving the market. For instance, according to the International Energy Agency (IEA), electric vehicle sales increased by 10 million in 2022. A total of 14% of all new cars sold across the globe were electric. The increasing sales of electric cars globally raises the adoption of embedded systems among automotive manufacturers. These systems are used to monitor and control various features of an electric vehicle, including charging systems and battery management systems.
The embedded hardware is integrated into vehicles systems to reduce overheating and the release of gases. These systems are used even in luxury automobiles to make them more network-savvy, energy-efficient, and safe to drive. The expansion of the automotive industry is fueling the embedded system market growth. The key players in the market are partnering to develop high-performance embedded systems used in autonomous vehicles. For instance, in May 2022, Magna International Inc. partnered with BlackBerry Limited to develop next-generation ADAS solutions for automotive original equipment manufacturers (OEMs). Magna International Inc. is leveraging BlackBerry Limited’s various QNX software platforms, such as QNX Software Development Platform, QNX Platform for ADAS, and QNX OS for Safety in design engineering, validation and performance optimization roles, and systems integration. The partnership helps Magna International to develop high-performance and secure embedded systems for ADAS, autonomous driving, and infotainment systems, driving the market.
North America Embedded Systems Market Overview
The US, Canada, and Mexico are among the major economies in North America. This region contributes a significant share of the global embedded systems market owing to greater investment in automation and software coupled with the growing number of investments in IoT technology. The increasing adoption of IoT solutions among consumers is driving the market in North America. IoT technology is highly deployed in electric vehicles (EVs). Manufacturers are engaging in investing to increase their EV supply in order to meet growing consumer demand. For instance, according to the International Energy Agency (IEA), in April 2023, EV manufacturers announced investments totaling ~US$ 52 billion in EV supply chains in North America. Embedded systems are highly used in electric vehicles to empower constant communication, information processing, control, and criticism components that enhance the user’s experience. The increasing adoption of electric vehicles among consumers is fueling the market. Embedded system encourages energy management system in EVs. The system controls power circulation and energy usage by ensuring proficient utilization of stored energy.
Market players operating in the region are also raising awareness about the benefits embedded system provides in cybersecurity practices. For instance, in September 2023, Digi International Inc. announced its participation in upcoming events planned to be held at Arrow University in October 2023. These events are premeditated to educate OEMs as well as software developers about the designing of embedded systems and software and their benefits in cybersecurity practices. The growing number of cyber-attacks has increased the adoption of embedded systems. Cybersecurity specialists work with user’s systems design teams to ensure that the embedded system has the necessary security mechanisms to mitigate the damage from these attacks. The system ensures security by requiring regular firmware updates. Embedded system is highly utilized for intrusion detection and prevention in network security. They monitor network traffic and automate actions to migrate threats. However, integrating embedded systems in cybersecurity practices protects the user’s system from all types of malicious behavior.
North America Embedded Systems Market Revenue and Forecast to 2030 (US$ Million)
North America Embedded Systems Market Segmentation
The North America embedded systems market is segmented based on component, functionality, application, and country.
Based on component, the North America embedded systems market is bifurcated into hardware and software. The hardware segment held a larger North America embedded systems market share in 2022. The hardware segment is further subsegmented into sensor, microcontroller, processors and ASICS, memory, and others.
In terms of functionality, the North America embedded systems market is segmented into real-time embedded systems, standalone embedded systems, networked embedded systems, and mobile embedded systems. The mobile embedded systems segment held the largest North America embedded systems market share in 2022.
By applications, the North America embedded systems market is segmented into automotive, telecommunication, healthcare, industrial, consumer electronics, and others. The consumer electronics segment held the largest North America embedded systems market share in 2022.
Based on country, the North America embedded systems market is categorized into the US, Canada, and Mexico. The US dominated the North America embedded systems market in 2022.
Advantech Co Ltd, Infineon Technologies AG, Intel Corp, Marvell Technology Inc, Microchip Technology Inc, NXP Semiconductors NV, Qualcomm Inc, Renesas Electronics Corp, STMicroelectronics NV, and Texas Instruments Inc are some of the leading companies operating in the North America embedded systems market.
Summary Info
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According to the Research Team’ research, the North America embedded systems market was valued at US$ 31,115.67 million in 2022 and is expected to reach US$ 48,327.96 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Development of AI-based embedded system and rise in demand in automotive industry are among the critical factors attributed to the North America embedded systems market expansion.
An embedded system is an integral part of numerous applications such as vehicles, industrial plants, and household appliances. The use of embedded systems in these applications promotes control, regulation, and information-processing tasks. Many companies have adopted embedded systems in their products, such as sports wearables, smart speakers, digital solutions in retail, and condition monitoring for industrial machines.
Artificial intelligence (AI) is transforming the way embedded systems operate, especially in the development of autonomous vehicles. AI has become vital in the development of embedded systems. AI allows systems to handle complex tasks such as image processing, speech recognition, and identification and response to specific situations. Incorporating AI into embedded systems helps businesses to streamline operations and automate tasks. AI-based systems can recognize, think, and make decisions autonomously. For instance, companies such as Nanoprecise and PTC are working to implement AI-predictive maintenance to prevent asset failures and unplanned downtime in manufacturing and production sectors. AI is used to develop predictive maintenance models for industrial equipment. It analyzes data from sensors in the equipment to support the model to predict maintenance requirements, which allows businesses to schedule maintenance before a breakdown occurs. This saves time and money for businesses by preventing costly downtime. Moreover, many institutions are working on developing AI-enabled embedded systems to streamline industrial operations by reducing additional costs. This enables AI applications to be capable of operating independently of a cloud server, thus making the system energy-efficient and safeguarding control of data. These benefits allow companies to use AI-based embedded systems in various applications.
In March 2023, The Fraunhofer Institute for Microelectronic Circuits and Systems IMS announced the showcase of its AIfES solution integrated with the AIRISC family of embedded RISC-V processors. This helps the institute offer secure and efficient embedded AI hardware for sensor applications that are further implemented on customer-specific extensions. The embedded AI hardware provides optimal performance for special applications. However, several benefits provided by AI-based embedded systems, such as the capability of handling complex tasks, real-time data processing, understanding natural languages, and image recognition, are anticipated to boost the market growth.
On the contrary, global shortage of semiconductor chips hampers the growth of North America embedded systems market.
Based on component, the North America embedded systems market is bifurcated into hardware and software. The hardware segment held 74.9% share of the North America embedded systems market in 2022, amassing US$ 23.31 billion. It is projected to garner US$ 36.77 billion by 2030 to expand at 5.9% CAGR during 2022-2030. The hardware segment is further subsegmented into sensor, microcontroller, processors and ASICS, memory, and others.
In terms of functionality, the North America embedded systems market is segmented into real-time embedded systems, standalone embedded systems, networked embedded systems, and mobile embedded systems. The mobile embedded systems segment held 38.3% share of the North America embedded systems market in 2022, amassing US$ 11.91 billion. It is projected to garner US$ 19.48 billion by 2030 to expand at 6.4% CAGR during 2022-2030.
By applications, the North America embedded systems market is segmented into automotive, telecommunication, healthcare, industrial, consumer electronics, and others. The consumer electronics segment held 25.1% share of North America embedded systems market in 2022, amassing US$ 7.81 billion. It is projected to garner US$ 13.09 billion by 2030 to expand at 6.7% CAGR during 2022-2030.
Based on country, the North America embedded systems market is categorized into the US, Canada, and Mexico. The US held 78.5% share of North America embedded systems market in 2022, amassing US$ 24.44 billion. It is projected to garner US$ 39.13 billion by 2030 to expand at 6.1% CAGR during 2022-2030.
Key players operating in the North America embedded systems market are Advantech Co Ltd, Infineon Technologies AG, Intel Corp, Marvell Technology Inc, Microchip Technology Inc, NXP Semiconductors NV, Qualcomm Inc, Renesas Electronics Corp, STMicroelectronics NV, and Texas Instruments Inc, among others.
In 2023, Advantech launched embedded platforms with 13th Gen Intel Core, Pentium Gold, and Celeron desktop processors. These comprise the SOM-C350R computer-on-module, the AIMB-588-B1, and AIMB-278-B1 industrial motherboards, as well as the MIO-4370R 4-inch single-board computer, the EPC-B5588 edge intelligence system, the ARK-3533, and ARK-3534 embedded computers.
In 2022, AMD and Qualcomm Technologies, Inc., a Qualcomm Incorporated signed a collaboration to optimize the Qualcomm FastConnect connectivity system for AMD Ryzen processor-based computing platforms, beginning with AMD Ryzen PRO 6000 Series processors and the Qualcomm FastConnect 6900 system.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in North America embedded systems market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America embedded systems market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Embedded Systems Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. North America Embedded Systems Market – Key Industry Dynamics
5.1 North America Embedded Systems Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rise in Demand in Automotive Industry
5.2.2 Advancement in Internet of Things (IoT)
5.2.3 Increase in Adoption of Consumer Electronics
5.3 Market Restraints
5.3.1 Global Shortage of Semiconductor Chips
5.4 Market Opportunities
5.4.1 Integration of 5G
5.5 Future Trends
5.5.1 Development of AI-based Embedded System
5.6 Impact of Drivers and Restraints:
6. Embedded Systems Market – North America Market Analysis
6.1 North America Embedded Systems Market Revenue (US$ Billion), 2022 – 2030
6.2 North America Embedded Systems Market Forecast and Analysis
7. North America Embedded Systems Market Analysis – Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: North America Embedded Systems Market, Revenue and Forecast to 2030 (US$ Billion)
7.1.3 Processors and ASICs
7.1.3.1 Overview
7.1.3.2 Processors and ASICs: North America Embedded Systems Market, Revenue and Forecast to 2030 (US$ Billion)
7.1.4 Memory
7.1.4.1 Overview
7.1.4.2 Memory: North America Embedded Systems Market Revenue and Forecast to 2030 (US$ Billion)
7.1.5 Sensor
7.1.5.1 Overview
7.1.5.2 Sensor: North America Embedded Systems Market, Revenue and Forecast to 2030 (US$ Billion)
7.1.6 Others
7.1.6.1 Overview
7.1.6.2 Others: North America Embedded Systems Market, Revenue and Forecast to 2030 (US$ Billion)
7.2 Software
7.2.1 Overview
7.2.2 Software: North America Embedded Systems Market, Revenue and Forecast to 2030 (US$ Billion)
8. North America Embedded Systems Market Analysis – Functionality
8.1 Mobile Embedded System
8.1.1 Overview
8.1.2 Mobile Embedded System: North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
8.2 Standalone Embedded System
8.2.1 Overview
8.2.2 Standalone Embedded System: North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
8.3 Real Time Embedded System
8.3.1 Overview
8.3.2 Real Time Embedded System: North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
8.4 Networked Embedded System
8.4.1 Overview
8.4.2 Networked Embedded System: North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
9. North America Embedded Systems Market Analysis – Application
9.1 Consumer Electronics
9.1.1 Overview
9.1.2 Consumer Electronics: North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive: North America Embedded Systems Market, Revenue, and Forecast to 2030 (US$ Billion)
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
9.4 Healthcare
9.4.1 Overview
9.4.2 Healthcare: North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
9.5 Telecommunication
9.5.1 Overview
9.5.2 Telecommunication : North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
9.6 Others
9.6.1 Overview
9.6.2 Others: North America Embedded Systems Market Revenue, and Forecast to 2030 (US$ Billion)
10. North America Embedded Systems Market – Country Analysis
10.1 North America
10.1.1 North America Embedded Systems Market Overview
10.1.2 North America Embedded Systems Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 North America Embedded Systems Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 US Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.2.2.1 US Embedded Systems Market Breakdown by Component
10.1.2.2.1.1 US Embedded Systems Market Breakdown by Hardware
10.1.2.2.2 US Embedded Systems Market Breakdown by Functionality
10.1.2.2.3 US Embedded Systems Market Breakdown by Application
10.1.2.3 Canada Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.2.3.1 Canada Embedded Systems Market Breakdown by Component
10.1.2.3.1.1 Canada Embedded Systems Market Breakdown by Hardware
10.1.2.3.2 Canada Embedded Systems Market Breakdown by Functionality
10.1.2.3.3 Canada Embedded Systems Market Breakdown by Application
10.1.2.4 Mexico Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.2.4.1 Mexico Embedded Systems Market Breakdown by Component
10.1.2.4.1.1 Mexico Embedded Systems Market Breakdown by Hardware
10.1.2.4.2 Mexico Embedded Systems Market Breakdown by Functionality
10.1.2.4.3 Mexico Embedded Systems Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Infineon Technologies AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Intel Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 NXP Semiconductors NV
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Qualcomm Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Renesas Electronics Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 STMicroelectronics NV
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Texas Instruments Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Microchip Technology Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Advantech Co Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Marvell Technology Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Research Team
13.2 Word Index
LIST OF TABLES
Table 1. North America Embedded Systems Market Segmentation
Table 2. North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Table 3. North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion) – Component
Table 4. North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion) – Hardware
Table 5. North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion) – Functionality
Table 6. North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion) – Application
Table 7. North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Country
Table 8. US Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Component
Table 9. US Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Hardware
Table 10. US Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Functionality
Table 11. US Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Application
Table 12. Canada Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Component
Table 13. Canada Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Hardware
Table 14. Canada Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Functionality
Table 15. Canada Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Application
Table 16. Mexico Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Component
Table 17. Mexico Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Hardware
Table 18. Mexico Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Functionality
Table 19. Mexico Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn) – By Application
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Embedded Systems Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: North America Embedded Systems Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Embedded Systems Market Revenue (US$ Billion), 2022 – 2030
Figure 6. North America Embedded Systems Market Share (%) – Component, 2022 and 2030
Figure 7. Hardware: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 8. Processors and ASICs: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 9. Memory: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 10. Sensor: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 11. Others: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 12. Software: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 13. North America Embedded Systems Market Share (%) Deployment, 2022 and 2030
Figure 14. Mobile Embedded System: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 15. Standalone Embedded System: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 16. Real Time Embedded System Market: North America Embedded Systems Revenue and Forecasts to 2030 (US$ Billion)
Figure 17. Networked Embedded System: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 18. North America Embedded Systems Market Share (%) Application, 2022 and 2030
Figure 19. Consumer Electronics: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 20. Automotive: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 21. Industrial: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 22. Healthcare : North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 23. Telecommunication: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 24. Others: North America Embedded Systems Market Revenue and Forecasts to 2030 (US$ Billion)
Figure 25. North America Embedded Systems Market Revenue, by Key Countries, (2022) (US$ Bn)
Figure 26. Embedded Systems Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 27. US Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn)
Figure 28. Canada Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn)
Figure 29. Mexico Embedded Systems Market Revenue and Forecasts to 2030 (US$ Bn)
The List of Companies – North America Embedded Systems Market
1. Advantech Co Ltd
2. Infineon Technologies AG
3. Intel Corp
4. Marvell Technology Inc
5. Microchip Technology Inc
6. NXP Semiconductors NV
7. Qualcomm Inc
8. Renesas Electronics Corp
9. STMicroelectronics NV
10. Texas Instruments Inc
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