The North America Embedded Systems Market should witness market growth of 5.0% CAGR during the forecast period (2022-2028).
The rising need for gadgets like smart power meters is a major driver of the embedded systems market. In addition, other important reasons driving the market's expansion include the rising demand for smartphones, desktops, laptops, communications systems, and other products around the world.
During the projected period, technological developments and falling microcontroller unit prices are anticipated to have a beneficial impact on the market. Numerous end-use industries employ embedded systems. As a result, it is projected that rising demand from industry sectors like healthcare, automotive, aerospace, and consumer electronics will propel market expansion throughout the course of the projection year.
Additionally, it is projected that over the course of the forecast period, ongoing research and development to bring about smarter and more energy-efficient electronic gadgets will have a beneficial effect on the expansion of the global embedded systems market. Additionally, a rise in ADAS demand for EV and hybrid vehicles is promoting market expansion.
The ultra-low power microcontroller in North America is expected to develop at a stable rate in the coming years. The ever-increasing trend of sensing and measuring automation in the civilian, as well as several other industrial sectors, can be credited to the rise of the ultra-low power microcontroller market across the region. In addition, according to the American Automakers, in 2018, the United States exported $142 billion in automobiles and parts, with motor vehicles accounting for $53.2 billion and auto parts accounting for $88.5 billion, more than any other economic sector in the country.
The US market dominated the North America Embedded Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $27, 521.6 million by 2028.The Canada market is poised to grow at a CAGR of 7.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.5% during (2022-2028).
Based on Application, the market is segmented into Consumer Electronics, Automotive, Industrial, Aerospace & Defense and Others. Based on Component, the market is segmented into Hardware and Software. Based on Hardware Type, the market is segmented into MPU, MCU, FPGA, Memory and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Renesas Electronics Corporation, Texas Instruments, Inc., NXP Semiconductors N.V., QUALCOMM Incorporated (Qualcomm Technologies, Inc.), Fujitsu Limited, Infineon Technologies AG, Analog Devices, Inc., Microchip Technology, Inc., and STMicroelectronics N.V.
The rising need for gadgets like smart power meters is a major driver of the embedded systems market. In addition, other important reasons driving the market's expansion include the rising demand for smartphones, desktops, laptops, communications systems, and other products around the world.
During the projected period, technological developments and falling microcontroller unit prices are anticipated to have a beneficial impact on the market. Numerous end-use industries employ embedded systems. As a result, it is projected that rising demand from industry sectors like healthcare, automotive, aerospace, and consumer electronics will propel market expansion throughout the course of the projection year.
Additionally, it is projected that over the course of the forecast period, ongoing research and development to bring about smarter and more energy-efficient electronic gadgets will have a beneficial effect on the expansion of the global embedded systems market. Additionally, a rise in ADAS demand for EV and hybrid vehicles is promoting market expansion.
The ultra-low power microcontroller in North America is expected to develop at a stable rate in the coming years. The ever-increasing trend of sensing and measuring automation in the civilian, as well as several other industrial sectors, can be credited to the rise of the ultra-low power microcontroller market across the region. In addition, according to the American Automakers, in 2018, the United States exported $142 billion in automobiles and parts, with motor vehicles accounting for $53.2 billion and auto parts accounting for $88.5 billion, more than any other economic sector in the country.
The US market dominated the North America Embedded Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $27, 521.6 million by 2028.The Canada market is poised to grow at a CAGR of 7.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.5% during (2022-2028).
Based on Application, the market is segmented into Consumer Electronics, Automotive, Industrial, Aerospace & Defense and Others. Based on Component, the market is segmented into Hardware and Software. Based on Hardware Type, the market is segmented into MPU, MCU, FPGA, Memory and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Renesas Electronics Corporation, Texas Instruments, Inc., NXP Semiconductors N.V., QUALCOMM Incorporated (Qualcomm Technologies, Inc.), Fujitsu Limited, Infineon Technologies AG, Analog Devices, Inc., Microchip Technology, Inc., and STMicroelectronics N.V.
Scope of the Study
By Application
- Consumer Electronics
- Automotive
- Industrial
- Aerospace & Defense
- Others
By Component
- Hardware
- MPU
- MCU
- FPGA
- Memory
- Others
- Software
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Intel Corporation
- Renesas Electronics Corporation
- Texas Instruments, Inc.
- NXP Semiconductors N.V.
- QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
- Fujitsu Limited
- Infineon Technologies AG
- Analog Devices, Inc.
- Microchip Technology, Inc.
- STMicroelectronics N.V.
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- The highest number of market tables and figures
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Embedded Systems Market, by Application
1.4.2 North America Embedded Systems Market, by Component
1.4.3 North America Embedded Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Oct - 2022, Nov) Leading Players
Chapter 4. North America Embedded Systems Market by Application
4.1 North America Consumer Electronics Market by Country
4.2 North America Automotive Market by Country
4.3 North America Industrial Market by Country
4.4 North America Aerospace & Defense Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Embedded Systems Market by Component
5.1 North America Hardware Market by Country
5.2 North America Embedded Systems Market by Hardware Type
5.2.1 North America MPU Market by Country
5.2.2 North America MCU Market by Country
5.2.3 North America FPGA Market by Country
5.2.4 North America Memory Market by Country
5.2.5 North America Others Market by Country
5.3 North America Software Market by Country
Chapter 6. North America Embedded Systems Market by Country
6.1 US Embedded Systems Market
6.1.1 US Embedded Systems Market by Application
6.1.2 US Embedded Systems Market by Component
6.1.2.1 US Embedded Systems Market by Hardware Type
6.2 Canada Embedded Systems Market
6.2.1 Canada Embedded Systems Market by Application
6.2.2 Canada Embedded Systems Market by Component
6.2.2.1 Canada Embedded Systems Market by Hardware Type
6.3 Mexico Embedded Systems Market
6.3.1 Mexico Embedded Systems Market by Application
6.3.2 Mexico Embedded Systems Market by Component
6.3.2.1 Mexico Embedded Systems Market by Hardware Type
6.4 Rest of North America Embedded Systems Market
6.4.1 Rest of North America Embedded Systems Market by Application
6.4.2 Rest of North America Embedded Systems Market by Component
6.4.2.1 Rest of North America Embedded Systems Market by Hardware Type
Chapter 7. Company Profiles
7.1 Intel Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 STMicroelectronics N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisition and Mergers:
7.2.6 SWOT Analysis
7.3 NXP Semiconductors N.V.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.6 SWOT Analysis
7.4 Fujitsu Limited
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 SWOT Analysis
7.5 Analog Devices, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Infineon Technologies AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Acquisition and Mergers:
7.6.6 SWOT Analysis
7.7 Renesas Electronics Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.7.5.2 Acquisition and Mergers:
7.8 Texas Instruments, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.9 QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.10. Microchip Technology, Inc.
7.10.1 Company overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Product Launches and Product Expansions:
Companies Mentioned
- Intel Corporation
- Renesas Electronics Corporation
- Texas Instruments, Inc.
- NXP Semiconductors N.V.
- QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
- Fujitsu Limited
- Infineon Technologies AG
- Analog Devices, Inc.
- Microchip Technology, Inc.
- STMicroelectronics N.V.
Methodology
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