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The global embedded security market size reached a value of USD 7.16 billion in 2023. During the forecast period of between 2024 and 2032, the market is expected to grow at a CAGR of 6.00% to reach a value of around USD 12.08 billion by 2032.
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Embedded security is the security system used to protect hardware components as well as software on specific devices, particularly embedded systems. Device and product producers can secure their products from cyberthreats with the use of embedded security solutions. Embedded security plays a vital role in robotics by improving reliability and performance and reducing IoT attack risks.
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Based on type, the market is segmented into hardware, software, and service. By application, the market is divided into payment, authentication, and content protection, among others. The market on the basis of end-use is segmented into automotive, healthcare, consumer electronics, telecommunications, and aerospace and defence, among others. The regional markets for embedded security can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global embedded security market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The demand for embedded security is anticipated to rise at a fast rate in the automotive sector between 2024 and 2032, driven by growth of the electric vehicles segment. The automotive industry is heavily reliant on technology and software. In the automotive industry, embedded security solutions provide increased safety of vehicles, immobiliser systems, infotainment systems, guard sensors, component identification, telematics, and higher automotive reliability.
Security is increasingly important in connected automobile systems, including sensors, car access systems, secure gateways, powertrains, and chassis, particularly as connected car sales expand, and autonomous driving receives more attention. As security risks increase, deeper software integration with automobiles is necessary to protect them from illegal access and systems and software manipulation, which will improve the embedded security market expansion in the forecast period.
Asia Pacific holds one of the largest embedded security market shares globally. Stronger IT security is imperative given the expanding ability of the IoT to connect devices together. India, China, Japan, and Singapore are poised to become important markets in the Asia Pacific region due to their thriving IT industries and significant national commitments to enhancing their own cybersecurity systems. The increased production of automobiles and smartphones is another factor contributing to the regional growth.
Advancements in technology have increased the tendency of cyberattacks using malware and ransomware, requiring organisations to acquire cybersecurity solutions. During the forecast period, these factors would encourage the adoption of embedded security throughout the region, supporting the growth of the embedded security market.
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NXP Semiconductors NV, headquartered in the Netherlands, uses innovation to create a world that is smarter, safer, and more environmentally friendly. As an industry leader in providing secure connectivity solutions for embedded applications, NXP is making strides in the sectors for automotive, industrial, Internet of Things (IoT), wireless, and communication infrastructure.
Infineon Technologies AG, a provider of semiconductor solutions, was established in 1999 and has its corporate headquarters in Germany. The company is involved in the development, production, and marketing of application-specific integrated circuits (ICs), evaluation boards, automotive system ICs, and diodes. Through its subsidiaries the company offers products that protect against electrostatic discharge and electromagnetic interference.
Microchip Technology Inc., founded in 1989 and headquartered in Arizona in the United States, is a leading supplier of connected, smart, and secure embedded control solutions. With its user-friendly development tools and wide range of products, customers can produce ideal designs that lower risk while decreasing total system cost and time to market. The company's products are used by more than 125,000 clients in the industrial, consumer, automotive, aerospace and defence, communications, and computing sectors.
Other market players include STMicroelectronics, Thales Group, and Samsung Electronics Co., Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market for embedded security attained a value of nearly USD 7.16 billion.
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 12.08 billion by 2032.
The major drivers of the embedded security market include the rising IoT deployment, increasing number of electric vehicles, and deployment of wearable technology in healthcare.
The rising prevalence of cyberattacks, increased vehicle safety, and the thriving IT industries are the key industry trends propelling the growth of the market.
The major players in the industry are NXP Semiconductors NV, Infineon Technologies AG, Microchip Technology Inc., STMicroelectronics, Thales Group, and Samsung Electronics Co., Ltd., among others.
An embedded system is a hardware and software setup designed specifically for a given function. Embedded systems may function as a component of a larger system. The systems might be programmable or might be designed for specific tasks.
Security of embedded systems of any kind is referred to as embedded security.
The various types of embedded security are hardware, software, and services.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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