The global embedded controllers market revenue was US$ 4.63 billion in 2020. The global embedded controllers market revenue is forecast to reach US$ 10.92 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2021-2030.
An embedded controller is a microcontroller that performs various functions within a system. User-programmable software and external circuitry connections are available through embedded systems to connect to this electronic device. A programmable logic device can be either simple or complex. Furthermore, embedded controllers are well-suited for many applications, including IT & telecommunications, automotive, consumer electronics, healthcare, industrial, aerospace & defense, commercial, and more.
Factors Influencing Market Growth
Impact Analysis of COVIS-19
COVID-19 pandemic has affected the embedded controllers market. Limited parts supply disrupts the entire supply chain. The COVID-19 outbreak caused lockdown measures, including the closure of manufacturing plants, warehouses, affecting the global export and shipping of various industries. In addition, the lockdown resulted in lower domestic and export demand for electronics devices, semiconductors, automotive vehicles, and equipment and devices for industrial use, including HMIs, sensors, etc.
Regional Insights
In terms of revenue, North America dominated the embedded controllers market. In addition, government agencies, companies, third-party administrators, etc., are focusing on creating customer-focused products that will also contribute to the growth in this region. Increased income, enhanced technology, advancements in machinery, and programs for spreading awareness of the need will likely drive the embedded controllers market.
The Asia Pacific region is forecast to dominate the embedded controllers market. As a result of improved GDP per capita and infrastructure development, rural areas have become more urban. The sudden spike in demand has led to cities falling into unsustainable consumption models. Leading players in the Embedded Controllers market operate in the region. With large projects underway in Asia Pacific countries such as China, India, Japan, South Korea, Australia, and Indonesia, this region can bypass the competition. The region also has numerous reserves. Increasing exploration activities in China may lead to an increase in demand for tin compounds and catalysts.
Leading Competitors
The leading prominent companies profiled in the global embedded controllers market are:
Scope of the Report
The global embedded controllers market segmentation focuses on Product Type, Type, Application, and Region.
Segmentation based on Product Type
Segmentation based on Type
Segmentation based on Application
Segmentation based on Region
