EMBEDDED SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2024, Kontron, a leading global provider of IoT and embedded computer technology, announced the launch of the SMARC-sGET 2 Module, a powerful and secure module designed for industrial IoT applications. This new module aims to enhance the capabilities of IoT devices by providing advanced features tailored for demanding environments.
• In December 2023, Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog, and Flash-IP solutions, launched its new CEC1702 microcontroller, designed for high-performance industrial automation applications. This advanced microcontroller aims to streamline the development of secure and connected solutions, addressing the growing demands of the industrial sector.
• In October 2023, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced a strategic partnership with EdgeCortix, a leading provider of energy-efficient artificial intelligence (AI) processing solutions for edge applications. As part of this collaboration, Renesas invested in EdgeCortix's recent funding round, providing the company with unique access to EdgeCortix's industry-leading technology. The partnership aims to streamline and unify Renesas' AI/ML (Machine Learning) developer experience across its entire microcontroller (MCU) and microprocessor (MPU) portfolio, enabling customers to seamlessly compile their AI code with support for heterogeneous architectures, reducing development risk, time, and cost.
• In May 2023, STMicroelectronics, a global semiconductor leader serving a wide range of electronics applications, launched the STM32MP2 series of Edge AI-powered microprocessors. These new 64-bit microprocessors are equipped with advanced multimedia features, innovative security capabilities, industrial application-ready interfaces, and graphics processing, along with Edge AI acceleration. The STM32MP2 series is designed to support a variety of applications, enhancing performance and security for industrial environments and enabling the development of sophisticated AI-driven solutions.
• In March 2023, Texas Instruments (TI), a global semiconductor company renowned for its innovative embedded processing solutions, expanded its embedded processing semiconductor product portfolio by launching a scalable Arm Cortex-M0+ microcontroller (MCU) series. This new series offers a wide range of pinout, computing, memory, and integrated analog options, allowing designers to focus more on innovation and less on coding and evaluation processes.