Increasing demand for embedded microprocessors for use in mobile devices, vehicle electrification, and automation is expected to propel the growth of global embedded microprocessor market during the forecast period. The market is projected to witness significant growth during the forecast period, due to several factors such as increasing processing speed of smartphones and connected devices, and adoption of embedded microprocessor systems for next-generation autonomous machines. However, complex testing, limited observability, controllability, and restricted development environment are factors that can restrict the growth of the embedded microprocessor market during the forecast period.
Increasing Application of Embedded Microprocessors in Automobile Sector to Spur Market Growth
Embedded microprocessors are used in various applications in the automobile sector, such as motor control systems, cruise control systems, robotics in assembly lines, car entertainment, car multimedia, mobiles, and e-Com access applications. Embedded microprocessors play a significant role in robotics for increasing reliability and performance in some special situations, such as working in a toxic environment and with nuclear reactors. Moreover, embedded microprocessors are also used for safety-critical automotive applications such as engine or body safety, and safety for automotive equipment. These microprocessors are also important for hybrid and electrical vehicle systems to enhance operational performance and reduce production costs. All these factors are projected to boost to growth of the embedded microprocessor market over the coming years.
Embedded Microprocessors being Used in Medical Field to Propel Sales
Embedded microprocessors are used in different healthcare electronic systems, such as real-time patient monitoring systems, wireless patient body monitoring systems, and remote health monitoring systems, to improve quality of life and reduce medical expenses. They also offer high-performance signal processing and efficient control processing capability to end-system requirements. For instance, embedded microprocessors are used in nerve integrity monitors, which are widely used in various procedures to transmute laryngeal muscle movement into audible and visual electromyographic (EMG) signals. This enables surgeons to identify and monitor motor nerve functions to help reduce the risk of nerve damage during surgical procedures, offering new growth avenues for the embedded microprocessor market.
Usage in Smart Factory Applications and Industrial Monitors Driving Market Growth
Embedded microprocessors are especially designed to control and monitor various devices and equipment, such as remote controllers, consumer electronic devices, biometrics, tests and measurements, and industrial control applications. The demand for embedded microprocessors is increasing in smart factory applications such as smart production systems and advanced machine control and machine monitoring applications, which is significantly boosting the growth of the embedded microprocessor market. Embedded microprocessors are also used to control power efficiency, maximize performance, and control processes while operating in demanding environments.
Asia Pacific to Offer Lucrative Growth Opportunities
The embedded microprocessor market is witnessing rapid growth in the Asia Pacific region due to increasing adoption of mobile and connected devices. Embedded microprocessor providers are striving to expand their operations in China, South Korea, and India to unlock new growth avenues, attributable to the growing demand for consumer electronics and vast expansion of electronic industries in these countries.
Embedded Microprocessor Market – Competition Landscape
Introduction of new products and collaborations & partnerships are key strategies being followed by top players in the embedded microprocessor market to increase their business revenue. Manufacturers are focusing on innovation in products/services to improve their market positions.
Some of the leading players in the embedded microprocessor market are
Over the last few years, the emergence of medical IOT products such as electronic paper and increased demand for high-speed processing of e-AI imaging in smart appliances, service robots, and industrial machinery is creating significant growth opportunities for players in the embedded microprocessor market. Among other regions, Asia Pacific excluding Japan offers lucrative opportunities, and is the most prominent region; currently, it holds a market share of 38% in the global embedded microprocessor market.
Embedded Microprocessor Market - Scope of the Report
Persistence Market Research (PMR) recently published a report on the embedded microprocessor market for the assessment period of 2019-2029. PMR’s report offers a close look at the evolving aspects of the embedded microprocessor market as well as the dynamics impacting market growth. The report provides insights into the key developments that have made their mark on the embedded microprocessor market, and anticipated developments. The report includes various macroeconomic and microeconomic factors responsible for having an impact on the growth of the embedded microprocessor market.
A direct market overview provides the growth scenario and market potential with maximum precision, which are adjudged with suitable assumptions. The report features relevant factors that are likely to have a significant impact on the embedded microprocessor market during the forecast period. It includes a detailed and comprehensive information to help new manufacturers establish themselves in the embedded microprocessor market.
Several stakeholders in the embedded microprocessor market can rely on the data offered in this report for effective decision-making. Moreover, the information offered in the embedded microprocessor market report will help new market entrants in expanding their bases in the embedded microprocessor market.
The report elaborates the historical and current trends molding the growth of the embedded microprocessor market. The performance journey of the embedded microprocessor market is drawn and analyzed to make the lucrative side of the market evident to readers. The competitive landscape presented in the embedded microprocessor market report gives a detailed outlook of the profiles of key companies operating in the market, along with their differential strategies and key focus areas.
Embedded Microprocessor Market: Segmentation
PMR’s report on the global embedded microprocessor market offers a detailed market segmentation, wherein, key segments have been discussed in detail. This report by PMR carefully examines the embedded microprocessor market on a global as well as regional level, through market segmentation on the basis of multiple parameters such as core type, bit rate, application, industry, and region. Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the report.
Embedded Microprocessor Market: Key Questions Answered in the Report
Embedded Microprocessor Market: Research Methodology
A unique and promising research methodology forms the base of the embedded microprocessor market report. This report has been prepared after a comprehensive analysis of market happenings, and riveting insights have been compiled meticulously. The research methodology used to compile the embedded microprocessor market report was a two-step process that comprises primary and secondary research. Key stakeholders, which include embedded microprocessor manufacturers, suppliers, and distributors, and experts of several designations, including executive vice presidents, directors, service engineers, technical advisors, GM marketing professionals, and sales professionals have been interviewed to obtain accurate data.
Secondary sources referred by our analysts to obtain report findings include investor presentations of manufacturers, World Bank, and other credible sources.