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Embedded Software Market Research Report Information by programming languages (C, C++, Assembly Language, Java, .Net), By Application (Consumer Electronics, Healthcare, Automotive, Radio & Satellite Devices) - Industry Size, Share and Trends 2032

ID: MRFR/SEM/1571-HCR | 110 Pages | Author: Shubham Munde| May 2024

Global Embedded Software Market Overview

The global embedded software market was valued at USD 15.34 billion in 2022 and is projected to reach USD 37.61 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2032.

The global embedded software market is expected to experience significant growth during the forecast period, driven by the increasing demand for advanced technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT). The rising need for automation in various industries, including manufacturing, healthcare, and automotive across the region is propelling the  growth of the market. Moreover, the government initiatives related to smart cities and policies favouring implementation of smart and advanced technology in various sectors is anticipated to drive the growth of the market. For instance, in October 2023, The UP government has approved over 100 research studies on AI and blockchain technologies, aimed at developing applications and systems for various sectors, including healthcare and renewable energy.

The market is highly competitive, with several prominent players operating in the industry. These companies are focusing on product innovation, partnerships, and acquisitions to expand their customer base and increase their market share. For instance, in December 2023, STMicroelectronics has developed an Embedded Software algorithm called STM32 ZeST that enables sensorless motor drives to produce full torque at zero speed, providing smoother and more predictable control for applications such as power tools, appliances, and e-bikes.

Embedded Software Market Overview

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

COVID-19 Analysis

The COVID-19 pandemic has changed the way of life through over the world, which is high in business. Due to the spread of coronavirus and continuous lockdowns, most of the business sectors have fallen. The major sectors that are negatively influenced by coronavirus are automobiles, chemicals, semiconductors and electronics, agriculture, etc.

The global embedded software market segment is taking up necessary solutions which are cost-effective. Apart, trying to measure to counter the demand slump and by providing the best insights into the market which rises the growth of the market for the manufacturers. The embedded software analysis predicted and aims to boost the manufacturers by the end of this year 2021. Artificial Intelligence and Virtual Reality are the best solutions.

Embedded Software Market Dynamics

Market Driver

  • The Surge in the demand for ADAS in EV and hybrid vehicles

Redesigning the automotive industry is one of the major roles played by an embedded system. These are used in ADAS technology which is incorporated in electric and hybrid vehicles. The growth among these vehicles led to the growth of the Embedded system market. Further, these electric vehicles lead to a rise in electronic components which increases the demand for Embedded software Market Analysis.

Market Opportunities

  • The advent of 5G and the development of 5G based embedded devices

It is one of the expectations of the growth of the embedded software market. According to the GSMA, the 5G market is expected to increase by 5.3% of the global GDP growth by 2034. That results in the growth of production of 5G technology is increased. This 5G technology is used in industrial automation, smart farming which enables fast image processing.

Market Restraint

  • The vulnerability of embedded systems to cyber threats and security breaches

The major factor that hampers the growth of the embedded security software market is the security of the embedded device. The memory in the embedded devices contains information that could be critical regarding banks, data centers, military forces, etc. The factors like remote deployment, irregular security updates, long device lifecycle, and attack replication make the systems vulnerable to cyberattacks. That expected to restrain the growth of the embedded software market.

Market Challenges

Due to additional features in the embedded system, the architecture becomes complex which leads to high energy consumption. It increases the rise in temperature of the device which affects the overall performance. This is the severe challenge over the growth of embedded software market analysis.

Value Chain Analysis

Real-time embedded systems accounted for a large share in the embedded software market. These are used in high responsiveness rates. Network embedded systems like LAN, WAN are used to access the resources and perform given tasks.

Embedded Software Market Study Objectives 

  • To provide a detailed analysis of the market structure.

  • To provide factors affecting embedded software marketing growth such as COVID, etc.

  • To analyze the global embedded software market.

  • To provide historically and forecast revenue of the Embedded Software Market Segments concerning main countries North America, Europe, Asia, and the rest of the world.

  • To provide country-level analysis for the current Embedded Software Market Size and future prospective.

  • To provide country-level analysis of the market for Embedded Software market segment using programming languages and applications.

  • To provide the strategic profile of key players and analyzing their core competencies and a competitive landscape drawing.

  • To track and analyze competitive developments.

Embedded Software Market Segment Overview

The global market uses many ways to segment in a better way. The programming languages and applications are some of the major segments of the global embedded software.

Embedded Software programming languages

The embedded software uses languages like C, C++, Java, .Net, and many more. Real-time embedded systems either wired or wireless connections as IoT in various devices have a large share of the Embedded system Software Segment.

Embedded Software Applications

Most of the network and telecom applications use the FPGA and ASIC embedded hardware.

Further FPGA uses 100G Ethernet, PCI Express, DDR3/4 for high-speed data transfer. Moreover, eASIC is cost-effective, and high power which is used in Radio Acess Network equipment.

Regional Analysis -

North America is the largest market for embedded software, accounting for more than one-fourth of the total market share in 2022. The region is expected to maintain its significant position throughout the forecast period. The growth of the market in the region is driven by advancement of AI, ML, and IoT in various industries. The North American region is dominated the global embedded software market in 2022 due to the presence of major players such as Microsoft, Intel, and Texas Instruments. The increasing adoption of IoT devices and autonomous vehicles will also drive the growth of the embedded software market in this region.

Asia-Pacific is the second-largest market for embedded software, with a share of 30.28 % in 2022. The region is expected to witness a fastest CAGR of 10.2% between 2023 and 2032, driven by the increasing adoption of smart technologies and the growing demand for automation in various industries. China, Japan, and South Korea are the key contributors to the growth of the embedded software market in Asia-Pacific.

Europe is the third-largest market for embedded software in 2022. The region is expected to witness significant CAGR growth between 2023 and 2032, driven by the increasing demand for automation and digitalization in various industries. Germany, France, and the UK are the key contributors to the growth of the embedded software market in Europe.

The Middle East and African regions are projected to experience moderate growth due to the increasing adoption of smart technologies and infrastructure development in countries like Saudi Arabia, UAE, and South Africa.

The South American region is expected to witness steady growth due to the growing demand for automation in industries such as manufacturing, healthcare, and transportation in countries like Brazil and Argentina.

Embedded Software Market key Player & Competitive Landscape

The Embedded Software Market Analysis is dominated by a few prominent players as follows:

  • Enea Software AB (Sweden)

  • Green Hills Software (U.S)

  • IBM Corporation(U.S)

  • Intel Corporation(U.S)

  • Microsoft Corporation(U.S),

  • Advantech Industrial Computing India Pvt Ltd (Taiwan)

  • Emerson Network Power(U.S)

  • Microchip Technology Inc (U.S)

  • Mitsubishi Electric Corporation (Japan) and

  • ST Microelectronics (Switzerland)

Most of these companies adopted both organic and inorganic strategies like agreements, partnerships, product launches, collaborations, and other acquisitions to increase the production of the Embedded Security Software Market.ST Microelectronics is one of the leading global providers of semiconductor solutions. It offers its services across 35 countries and also has 11 main manufacturing sites with an automotive and discrete group which rises the production over the global market.  IoT and Smart Driving are the major concepts that keep this company in a leading position.

Recent Developments


October 2023: Introduced a new line of high-precision underfill dispensing systems for advanced 3D chip packages with integrated in-line inspection and process control.

December 2023: Partnered with a leading semiconductor manufacturer to develop customized underfill materials and dispensing solutions for their flagship chip family.

MKS Instruments-

September 2023: Launched a new series of high-speed underfill dispensing robots with enhanced flexibility and integration capabilities for high-volume production lines. 

November 2023: Won a contract to supply their underfill dispensing systems for a new fab expansion project in Asia.

Report Overview

The full report is inclusive of the following:

  • Market Overview

  • COVID-19 Analysis

  • Market Dynamics

  • Study Objectives

  • Segment Overview

  • Competitive Landscape

  • Frequently Asked Questions

Segmentation Table

  • Region 

  • North America, Europe, Asia Pacific, and the rest of the world

  • Segments covered

  • By software, by application

Report Attribute/Metric Details
Market Size 37.61 billion
Compound Annual Growth Rate (CAGR) 9.4%
Base Year 2022
Forecast Period 2023-2032
Historical Data 2021
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered programming languages, Application
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
Key Companies Profiled Green Hills Software (U.S), IBM Corporation(U.S), Intel Corporation(U.S), Microsoft Corporation(U.S),, Advantech Industrial Computing India Pvt Ltd (Taiwan), Emerson Network Power(U.S), Microchip Technology Inc (U.S), Mitsubishi Electric Corporation (Japan) and, ST Microelectronics (Switzerland)
Key Market Opportunities The advent of 5G and the development of 5G based embedded devices
Key Market Dynamics The Surge in the demand for ADAS in EV and hybrid vehicles

Frequently Asked Questions (FAQ) :

The global embedded software market valuation is pegged at USD 15.34 billion by 2022.

The global embedded software market is expected to display a CAGR of 9.4% from 2023 to 2032.

Rise of internet of things, procurement of consumer electronic devices, and investments in automation technologies are major drivers of the global embedded software market.

North America can dominate the global embedded software market till 2032.

Asia Pacific can showcase the fastest growth for the global embedded software market owing to rising industrialization and urbanization.

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