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Global Embedded Processor Market Report 2022 to 2027: Rising Consumer Electronics Industry is Fuelling GrowthDUBLIN, Feb. 2, 2023 /PRNewswire/ -- The "Embedded Processor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global embedded processor market size reached US$ 17.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 26.3 Billion by 2027, exhibiting a CAGR of 7.03% during 2021-2027. Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. They are compact in size, consume minimal energy, and require other external components like peripheral interfaces and integrated memory to perform their designated functions. They are widely used in telecommunication systems, household appliances and consumer electronics such as wireless phones, digital cell phones, and cable modems. Moreover, mechanical systems in automobiles are gradually being replaced by electronic systems and the atomotive industry is now employing embedded systems for various automation processes like wiper, airbags and anti-lock brake controls. This trend is consequently influencing the sales of these processors globally. Apart from this, several industries are adopting the Internet of Things (IoT) to improve their existing systems, which is expected to create a positive impact on the market growth. Additionally, technological advancements have led to the development of ultra-low power microprocessors with higher efficiency, integrated with Wi-Fi and internet capabilities, which is expected to create a positive outlook for the market further. Other factors contributing to the market growth include rapid urbanization, rising disposable incomes and increased focus on research and development (R&D) activities.
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For more information about this report visit https://www.researchandmarkets.com/r/ogpf4g About ResearchAndMarkets.com
Research and Markets View original content:https://www.prnewswire.com/news-releases/global-embedded-processor-market-report-2022-to-2027-rising-consumer-electronics-industry-is-fuelling-growth-301737772.html SOURCE Research and Markets |