The global embedded system market size is calculated at USD 93.95 billion in 2024 and is predicted to attain around USD 166.67 billion by 2034, expanding at a CAGR of 5.9% from 2024 to 2034.
The embedded system market deals with the market for computer systems integrated into other systems or devices to monitor or control their operations. These embedded systems are used in various applications, such as consumer electronics, industrial automotive, healthcare and automotive and designed to perform specific functions. With small form factors and low power consumption, they are typically designed to be highly efficient and reliable. They can be programmed to perform various functions, such as managing power and resources, transmitting and collecting data, monitoring sensors and controlling machines.
In addition, increasing demand for medical devices, advancements in microprocessor technology, smart homes and buildings, internet of things (IoT) adoption, connected devices and automation. Furthermore, the growing demand for electric and hybrid vehicles and the emergence of new technologies are expected to drive the growth of the embedded system market.
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| Stats ID: | 7777 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7777 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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