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Oct 19, 2022, 10:30 ET
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WILMINGTON, Del., Oct. 19, 2022 /PRNewswire/ — Embedded systems applications are thriving on the back of the need for enormous microprocessor or microcontroller capabilities for computing systems used in IoT. An in-depth study by TMR has found that embedded systems in IoT have witnessed incredible progress, driven by advancements in computer vision technologies. The study has projected the embedded system market to advance at a CAGR of 7.7% from 2022 to 2031.
Furthermore, rise in adoption of machine learning and artificial learning technologies and cutting-edge graphics processing units (GPUs) is constantly enriching the scope for embedded system market. Emerging trends of the embedded system market has found that strides in consumer electronics is a key factor accelerating the growth prospects. In addition to this, rapid industrial automation has also opened up new vistas of growth for market players in recent years.
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Key Findings of Embedded System Market Study
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Embedded System Market: Key Drivers
Embedded System Market: Regional Growth Dynamics
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Embedded System Market: Competition Landscape
The embedded system market is markedly fragmented, attributed mainly to presence of several players in the vast ecosystem vying for significant stakes. Of the various strategies, product innovations are likely to remain a popular one during the forecast period of 2022-2031.
Some of the key players in the market are Toshiba, Texas Instruments, STmicroelectronics, Samsung Electronics, Renesas, NXP Semiconductors, Microchip, Marvell, Intel, Cypress Semiconductor, Broadcom, and Analog Devices.
Embedded System Market Segmentation
Regions Covered
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About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market intelligence company provides syndicated research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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SOURCE Transparency Market Research
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