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.
An embedded processor is a microprocessor that is designed into the system of a device to control and perform multiple mechanical and electrical functions simultaneously. They are compact in size, consume minimal energy, and require other external components like peripheral interfaces and integrated memory to perform their designated functions. They are widely used in telecommunication systems, household appliances and consumer electronics such as wireless phones, digital cell phones, and cable modems.
The growing consumer electronics industry represents as the key factor that is influencing the market growth. This, coupled with the increasing penetration rate of the internet, is also impelling the demand for embedded processors. Moreover, mechanical systems in automobiles are gradually being replaced by electronic systems and the automotive industry is now employing embedded systems for various automation processes like wiper, airbags and anti-lock brake controls. This trend is consequently influencing the sales of these processors globally. Apart from this, several industries are adopting the Internet of Things (IoT) to improve their existing systems, which is expected to create a positive impact on the market growth. Additionally, technological advancements have led to the development of ultra-low power microprocessors with higher efficiency, integrated with Wi-Fi and internet capabilities, which is expected to create a positive outlook for the market further. Other factors contributing to the market growth include rapid urbanization, rising disposable incomes and increased focus on research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global embedded processor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, number of bits and application.
Breakup by Type:
Digital Signal Processor
Embedded Field Programmable Gate Array (FPGA)
Breakup by Number of Bits:
Breakup by Application:
Information and Communication Technology
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being 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. and Texas Instruments Incorporated.
Base Year of the Analysis
Type, Number of Bits, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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. and Texas Instruments Incorporated
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Key Questions Answered in This Report
The global embedded processor market was valued at US$ 18.6 Billion in 2022.
We expect the global embedded processor market to exhibit a CAGR of 7.41% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for embedded processors.
The increasing adoption of embedded processors in the automotive industry for automation processes, such as wiper, airbags, and anti-lock brake controls, is primarily driving the global embedded processor market.
Based on the type, the global embedded processor market can be bifurcated into microprocessor, microcontroller, digital signal processor, Embedded Field Programmable Gate Array (FPGA) and others. Currently, microprocessor exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global embedded processor market include 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., and Texas Instruments Incorporated.
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