Portland,OR, Dec. 09, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global embedded controllers market generated $4.65 billion in 2020, and is projected to reach $10.95 billion by 2030, witnessing a CAGR of 9.4% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Increase in adoption of wearable device amongst consumers and growth in adoption of smart home and appliances drive the growth of the global embedded controllers market. However, high energy consumption of compact embedded systems restrains the growth to some extent. On the other hand, Surge in development of 5G based embedded devices present new opportunities in the upcoming years.
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COVID-19 scenario:
- The outbreak of the COVID-19 pandemic led to global lockdown and social distancing norms, which in turn, created challenges with daily activities, regular work, needs, and supplies, thereby hampering the global embedded controllers market.
- However, the situation is getting better and the market is going to recover soon.
The report offers detailed segmentation of the global embedded controllers market based on product type, application, and region.
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Based on product type, the 8-bit segment held the highest market share in 2020, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the 32-bit segment is estimated to register the highest CAGR of 10.3% from 2021 to 2030. The report also include radial segment.
Based on application, the consumer electronics segment held the largest market share in 2020, holding more than one-fourth of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the healthcare segment is projected to register the highest CAGR of 12.5% from 2021 to 2030. The report also include replacement segment.
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than one-third of the global embedded controllers market, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific region is projected to manifest the fastest CAGR of 12.1% during the forecast period. The report also includes North America, LAMEA, and Europe.
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Leading players of the global embedded controllers market analyzed in the research include ADLINK Technology Inc., Advantech Co. Ltd, Cisco Systems, Inc., CNH Industrial N.V. (Potenza Technology Ltd.), Divelbiss Corporation, ICP America, Inc., Intel Corporation, Microchip Technology Inc., National Instruments Corporation (NI), and NXP Semiconductors N.V.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
