Embedded Security market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Embedded Security market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Embedded Security Market

The embedded security market size was valued at USD 8.04 billion in 2021, and the market is now projected to grow from USD 8.23 billion in 2022 to USD 17.03 billion by 2029, exhibiting a CAGR of 10.9% during the forecast period of 2022-2029.

COVID-19 has substantially impacted global agencies, industries, and societies, leading to the improvement of technologies like the net of things, automation, and artificial intelligence. The demand for embedded and connected security devices has multiplied inside the last two years, with this fashion continuing embedded security market growth in the forecast period. However, the worldwide lockdown induced supply chain disruptions in the embedded safety market, affecting logistics motion and enterprise shutdowns in sectors like automobile vehicles and aerospace and defense device. Emerging technology for securing linked devices in growing nations has brought about boom in high-end security structures set up. Non-government and authorities corporations have carried out procedures to lessen cyber-assault threats, growing gadget safety and reliability.

The electric powered vehicle market is hastily evolving, with clients seeking out eco-friendly, pocket-friendly motors that do not depend on fossil fuels. As an give up end result, greater electric charging factors are being established at houses and on roads. Security is critical to shield those infrastructures, but handling the complex architecture and safety demanding situations in electric vehicles and charging points is challenging. Embedded tool security structures can assist address those problems. The growing wide variety of embedded and linked software program in automobiles, especially in smart and hybrid automobiles, necessitates using embedded device safety hardware in electric automobiles.

The rapid boom of technology, such as artificial intelligence and IoT-based totally devices, is substantially impacting various industries, along with business automation, healthcare, airplanes, wearable generation, smart home gadgets, and cars. However, the growing use of IoT increases the danger of security problems and outside cyber threats, probably adverse tool operation and inflicting information loss. To mitigate those risks, the usage of embedded security devices is at the rise, as authentication and get access to management grow to be crucial in smart domestic environments. This trend highlights the need for strong safety features to guard related devices and prevent ability safety threats.

Comprehensive Analysis of Embedded Security Market

In 2021, the automotive sector experienced the highest sales and revenue due to the rise in advanced connected device security technology. Hardware segment sales were highest, while aerospace and defense and services segments showed the highest CAGR. Payment security was the most profitable segment, driven by the growing demand for secure banking and finance transactions. The authentication segment also saw the highest revenue, followed by content protection. The embedded security market is divided into automotive, healthcare, consumer electronics, telecommunication, aerospace & defense, and others. The aerospace & defense segment dominated due to its security advantages, while the automotive segment is expected to achieve the highest CAGR. The consumer electronics and telecommunication segment also saw high revenue due to authentication devices.

The Asia Pacific region lead the embedded security market share by benefitting a market size of USD 4.35 billion in 2021 due to its manufacturing facilities for sensors and semiconductors and rapid adoption of superior technology like linked devices safety and IoT safety. Top companies are selling partnerships, acquisitions, and business expansion to pressure marketplace increase. The Asia Pacific area is predicted to be the quickest-developing due to the presence of top organizations in China and Japan, in addition to the increasing quantity of SMEs and security gadget manufacturers in growing countries like Japan, South Korea, and Singapore. The growing use of IoT in strength, energy, and utility industries is likewise using the marketplace. Local authorities our bodies are also implementing projects for embedded and IoT protection.

Cisco System dominates the worldwide embedded safety marketplace, generally because of its position as a main manufacturer of scanners and sensors. Other key players like Advantech, Analog Devices, BAE Systems, Broadcom, Infineon Technologies, STMicroelectronics, NXP Semiconductors, IBM Corporation, and McAfee LLC have additionally elevated manufacturing in countries with lower labor and manufacturing costs, contributing to marketplace growth. Companies also are focusing on acquisition, product launches, and partnership strategies with SMEs to extend their international presence.

STMicroelectronics, a provider of embedded and cyber protection offerings and diverse semiconductor

merchandise for automotive and aerospace sectors, partnered with Microsoft Corporation. This partnership integrates Microsoft Azure RTOS and IoT Middleware with ST's ultra-low-electricity STM32U5 MCUs (microcontrollers) and affords a trusted platform module to secure embedded architecture of IoT systems.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2018-2029

Base Year

2021

Estimated Year

2022

Forecast Period

2022-2029

Historical Period

2018-2020

Unit

Value (USD Billion)

Segmentation

By Component

Hardware

Service

By Application

Payment

Authentication

Content Protection

By End-user

Automotive

Healthcare

Consumer Electronics

Telecommunications

Aerospace & Defense

Others

By Region

North America (By Component, By Application, By End-User and By Country)

• U.S. (By End-user)
• Canada (By End-user)
• Mexico (By End-user)

Europe (By Component, By Application, By End-User and By Country)

• U.K. (By End-user)
• Germany (By End-user)
• France (By End-user)
• Italy (By End-user)
• Spain (By End-user)
• Rest of Europe (By End-user)

Asia Pacific (By Component, By Application, By End-User and By Country)

• China (By End-user)
• India (By End-user)
• Japan (By End-user)
• South Korea (By End-user)
• Rest of Asia Pacific (By End-user )

Middle East & Africa (By Component, By Application, By End-User and By Country)

• GCC (By End-user)
• South Africa (By End-user)
• Rest of Middle East and Africa (By End-user)

South America (By Component, By Application, By End-User and By Country)

• Brazil (By End-user)
• Argentina (By End-user)
• Rest of South America (By End-user)

Please Note: It will take 5-6 business days to complete the report upon order confirmation.