The Report Covers Global Consumer IoT Market Growth & Forecast and it is segmented by Type (Hardware, Solutions, Services), Application (Home Automation, Consumer Wearables, Consumer electronics, Healthcare, Automotive), and Geography. The market size and forecasts are provided in terms of value (USD) for all the above segments.

The size of the IoT in Consumer Electronics market was valued at USD 139.51 Million in 2023 and is projected to reach USD 241.74 Million by 2032, with an expected CAGR of 8.17% during the forecast period.This changes the way we interact with our devices, hence changing the way we are interacting with our homes as well. IoT in consumer electronics defines the internet connectivity that is put on every device so any device will be able to communicate with some other devices and share data; sharing between devices and the internet; this connectivity opens up numerous applications and use cases, transforming homes to become smart spaces. Smart home technology is one of the most celebrated applications of IoT in consumer electronics. There are a variety of smart home devices like thermostats, lighting systems, and smart security cameras. These devices can be accessed through a smartphone or voice assistant. They learn the preferences of the user and self-adjust their settings for convenience as well as enhancing energy efficiency. For example, a smart thermostat can self-adjust its temperature based on occupancy and weather conditions; that way, energy consumption gets optimized. Wearables is another vital area through which IoT is bringing a change. It has capable smart watches and smart fitness trackers that can monitor one's heart rate, blood pressure, and sleep patterns. They can even give prescriptions to one on specific fitness habits and monitor their daily activity. Smartwatches are also convenient for reading notifications, making calls, and controlling other connected devices, and thus they are versatile and an indispensable tool in the lives of most people. It also transforms entertainment. Smart TVs allow content streaming from all different online platforms, suggests individualized content, and can even control other smart devices in the house. Online multi-playing games, for example, and virtual reality systems might be part of a gaming console that makes participation an immersive experience. IoT consumer electronics is transforming the way we live and interact with technology at breakneck speed. IoT enables a connection of devices with the ability to exchange data, so the experiences have the possibility of being convenient, efficient, and personalized. Looking at the future of IoT, it is exciting to see what new, innovative applications technology will bring. Recent developments include: March 2023: Skylo Technologies, Non-Terrestrial Network (NTN) service operator, and Monogoto, the Cloud-based cellular network provider, signed an agreement to provide an affordable and accessible solution for NB-IoT Satellite connectivity for asset tracking products. Integrating the same hardware for both terrestrial and satellite communication will help expand connectivity to areas that were earlier not accessible, and regular software updates will be provided due to the throughput of the terrestrial networks., December 2022: Alliot Technologies and Vodafone UK partnered to provide NB-IoT connectivity throughout the UK. Vodafone's Network will significantly boost Alliot's offering with scale, innovation, and efficiency. Through this partnership, Alliot will invest in the latest technology to ensure an excellent experience for its customers. This will establish them as the UK's only NB-IoT connectivity provider.. Key drivers for this market are: Increasing Adoption of Connected Devices and Technology Proliferation Among Consumers, Impact of 5G and Increased Cellular Networks; Increasing home automation is expected to flourish the market. Potential restraints include: , Lack of Control over Operations and Cost Visibility. Notable trends are: Home Automation is Expected to Account for Maximum Market Share.

Recent developments include: April 2024: Infineon has launched their new PSOC Edge, aimed at enhancing Al capabilities in lot, consumer, and industrial technologies. This development is expected to significantly accelerate the company’s growth by positioning infineon on the forefront of Al-driven innovation., March 2024: at a Connectivity Standards Alliance (CSA) Member event in Singapore SEALSQ Corp announced the latest advancements in loT certification. These developments have an all-in-one solution for consumer loT device makers aiming to achieve the new Product Security Verified Mark., February 2024: in order to help accelerate its growth Ceva introduced its next-generation low-power ultra-wideband IP for FiRa 2.0 that offers highly accurate and reliable wireless ranging capabilities. This innovative solution addresses the increasing demand for precise and dependable connectivity in both consumer and industrial lot applications. By improving wireless communication performance and efficiency, Ceva positions itself as a key player in the loT market with a view of attracting a broader customer base through such new customers. It will drive revenue growth by implementing advanced IoT technologies., By 2024 Ericsson says that there will be 5G incorporated into 40% of total population with 1.5 bn subscription services hence making it the largest generation globally. This is driven by novel, inventive solutions reprocessing present infrastructure and a spectrum. Meanwhile in parallel with the deployment of 5G, Cellular IoT reaches major milestones towards becoming a definitive way of enabling broad IoT applications., March 2023: The Non-Terrestrial Network (NTN) service operator Skylo Technologies, and Monogoto, the Cloud-based cellular network provider signed an agreement to provide an affordable and accessible solution for NB-IoT Satellite connectivity for asset tracking products. Employing the same hardware for both terrestrial and satellite communication will help expand connectivity in areas that were previously inaccessible., February 2023: a team of Singapore entrepreneurs visited India’s Smart City Command Control Center as they plan to invest in Smart City projects, particularly in UP state, including an Integrated Traffic Management System, Solid Waste Management System, Health ATMs, etc., February 2023: Canadian-based IoT company Eleven-x will enable North America municipal parking with smart parking system that monitors parking spots and provides real-time data on availability thereby reducing congestion within this area optimize parking enforcement system thus improving urban mobility., February 2023: Westbase.io. And Taoglas, the IoT distributor, partnered in order to offer innovative 4G/5G and IoT solutions to its customers in the European region. This will provide customers with reliable and high-performance solutions throughout construction, emergency services, logistics, connected health, smart cities, and other demanding applications., December 2022: Alliot Technologies partnered with Vodafone UK to offer NB-IoT connectivity across the entire country; Vodafone’s Network will transform Alliot’s offering from scale, innovation, efficiency. Through this partnership, alliot will invest in cutting-edge technology so as to ensure great experience for its clients., December 2022: Vodafone UK and Alliot Technologies partnered to offer NB-IoT connectivity throughout the UK. The network of Vodafone will boost offerings of Alliot with scale, efficiency, and innovation. With this partnership, the investment will be made by Alliot in the latest technology to ensure an excellent experience for its clients, establishing them as the only NB-IoT connectivity provider in the UK., October 2022: ABB, the technology company released SmartTouch 10 for smart home automation, which can help indoor communication, replacing additional indoor video stations The device manages entire building installation from IP cameras up to lighting, shading scene & temperature control., August 2022: GrubMarket acquired IOT Pay which is North America's largest IOT Pay platform The acquisition helps GrubMarket to use IOT Pay's technology and payments infrastructure to streamline the food supply chain industry. Furthermore, IOT Pay aims to unveil a digital banking solution for SMBs.. Notable trends are: The growing utilization of IoT in smart devices is driving market growth..

Report Scope:

The global market for Internet of things (IoT) end-user solutions is expected to grow to 212 billion U.S. dollars in size by the end of 2019. The technology reached 100 billion dollars in market revenue for the first time in 2017, and forecasts suggest that this figure will grow to around 1.6 trillion by 2025. The Internet of Things
The Internet of Things (IoT) is a term used to describe the continually growing network of internet connected electronic devices that are in operation around the world today. These devices often share data and information in order to provide added convenience and control to consumers and, in some cases, even allow users automate simple processes such as ordering supplies. Tens of billions of these IoT connected devices already exist around the world and this number will only grow as internet connectivity begins to become a standard feature for a great number of electronics devices. Although heavily integrated into the consumer electronics market, IoT extends far beyond handheld devices and home appliances; IoT subsystems such as industrial internet and connected cities aim at automating factories and urban areas rather than just households. Digital virtual assistants such as Amazon’s Alexa and Google Assistant serve as the bridge between this network of interconnected devices and their human users.

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Internet Of Things Sensors Market Size 2024-2028

The internet of things sensors market size is forecast to increase by USD 63.09 billion at a CAGR of 41.29% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing demand for smart factories and Industrial IoT (IIoT) is driving the market, as sensors play a crucial role in enabling real-time monitoring and automation of industrial processes. 
Additionally, the need for remote monitoring of various applications, such as healthcare services and agriculture, is leading to a surge in demand for IoT sensors. Furthermore, regulatory compliance is becoming increasingly important, and sensors are essential for ensuring adherence to various standards and regulations. These factors are expected to continue fueling the growth of the IoT sensors market in the coming years.

What will be the Size of the IoT Sensors Market During the Forecast Period?

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The market is experiencing robust growth, driven by the increasing adoption of IoT technologies in various industries. IoT sensors play a crucial role in building security systems, connected healthcare, supply chain optimization, and smart home automation, among others. These sensors enable real-time data analysis, response time improvement, and AI-powered decision making in areas such as temperature and lighting control, edge computing, and error identification.
Market trends include the integration of IoT sensors in industrial automation, workflow optimization, and smart grid technology. In the realm of consumer devices, wearable technology trends, inertial sensors, and proximity-based systems are gaining traction. IoT sensors are also revolutionizing sectors like healthcare with applications in health monitoring, including electrocardiograms and occupancy sensors.
Additionally, IoT sensors are essential for digital transformation strategies in industries like transportation, enabling sustainable transportation solutions and autonomous vehicle development. In the realm of smart cities, IoT sensors are instrumental in optimizing energy management, air quality monitoring, and smart city infrastructure. Furthermore, IoT sensors are transforming industries like agriculture with precision farming and process optimization. In the realm of security, IoT sensors are being used for advanced robotics and occupancy detection, providing enhanced security measures. Overall, the IoT sensors market is a dynamic and evolving landscape, offering numerous opportunities for businesses seeking to leverage real-time data and improve operational efficiency.

How is this Internet Of Things Sensors Industry segmented and which is the largest segment?

The IoT sensors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Consumer electronics
  Automotive
  Food and beverages
  Healthcare
  Others


Type

  Temperature sensor
  Pressure sensor
  Humidity sensor
  Flow sensor
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By End-user Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period.

IoT sensors play a pivotal role in the consumer electronics industry, fueling the growth of markets such as wearable technology and smart homes. The integration of IoT sensors in devices enables enhanced functionality and responsiveness. Notable consumer electronics incorporating these sensors include smartphones, smartwatches, and fitness trackers, which monitor environmental changes, track user movement, and measure vital signs. The advent of IoT sensors has facilitated the development of smart homes, where devices can be remotely controlled via mobile applications. Additionally, IoT sensors are employed in industries like manufacturing, healthcare, transportation, and energy to optimize processes, improve response times, and enable remote monitoring.

Innovations such as connected cars, autonomous driving technologies, smart cities, aerospace, and industrial automation further expand the application scope of IoT sensors. These sensors contribute to energy efficiency, asset tracking, temperature and humidity control, and building automation, among other applications. IoT sensors enable data-driven strategies and facilitate the integration of machine learning and artificial intelligence, enhancing overall system performance.

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The Consumer electronics segment was valued at USD 1.18 billion in 2018 and showed a grad

The size and share of the market is categorized based on Application (Smart Manufacturing, Connected Logistics, Smart Home and Consumer Electronics, Connected Healthcare, Smart Transportation, Smart Retail, Other) and Product (LTE-M, NB-IoT) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

According to Cognitive Market Research, the global Industrial Iot Gateway Market size will be USD 1362.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 545.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 408.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 313.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 68.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 27.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
The processor category is the fastest growing segment of the Industrial Iot Gateway industry

Market Dynamics of Industrial Iot Gateway Market

Key Drivers for Industrial Iot Gateway Market

Growing adoption of wireless smart networks and sensors to Boost Market Growth

As smart wearables and other smart consumer electronics like smart locks, smart meters, and smart lighting have become more and more popular in recent years, sensors like camera modules, proximity sensors, and accelerometers have entered the consumer electronics industry. Sensors that detect humidity, altitude, food calorie content, and human health are now quickly joining the rapidly growing array of sensors that go beyond motion and picture sensing. Because of the increased incidence of chronic illnesses, falls, and disabilities brought on by this demographic transition, preventive measures are required. From treating chronic illnesses like diabetes and heart conditions to tracking mental and physical activity, smart wearables provide solutions for a variety of healthcare areas. The demand for IoT nodes and gateways to support data transmission, analysis, and integration in healthcare systems is increased by these devices, which also improve patient management, illness management, and remote monitoring.

Accelerated IoT adoption in healthcare sector to Drive Market Growth

An important IoT development in healthcare is the use of Internet-connected robots, or medical robotics, in surgery. These robots' sensors and cameras allow for accurate operations and real-time data transfer to surgeons for remote monitoring and corrections. IoT nodes and gateways play a critical role in facilitating smooth connectivity and real-time data transmission, which helps to direct surgical processes with precision and efficiency as medical robots continues to transform healthcare. Rewalk Robotics provides exoskeletons for mobility assistance, Diligent Robotics builds autonomous robots for healthcare jobs, Myomo develops neuro-robotic devices to help people with upper-limb paralysis, and Transenterix develops robotic surgery systems for minimally invasive operations.

Restraint Factor for the Industrial Iot Gateway Market

High power consumption by wireless sensor terminals and connected devices, will Limit Market Growth

Increased operating costs for companies implementing IoT solutions are closely correlated with high power usage. High-powered sensor nodes, LoRaWAN gateways, edge computing devices, and industrial IoT (IIoT) gateways are examples of devices that need to be replaced frequently or use a lot of electricity. This can result in higher maintenance costs, which lowers the overall cost-effectiveness of IoT deployments. Consequently, companies might be reluctant to spend money on IoT node and gateway solutions, which would impede the growth of the market. Excessive energy consumption by high-power IoT devices increases energy consumption and carbon emissions, which further deteriorates the environment. It is becoming increasingly necessary for governments and corporations to implement energy-efficient technologies in order to reduce their environmental impact and combat climate change.

Impact of Covid-19 on the Industrial Iot Gateway Market

The market for IoT gateway devices has...

The Global Consumer Electronics Market Size Was Worth USD 1.10 trillion in 2021 and Is Estimated To Grow to USD 1.70 trillion by 2028, CAGR of 44.37 %.

As of the end of 2023, Xiaomi generated almost 80 billion yuan in revenue from their Internet of Things and consumer products. Within seven years, from 2017 to 2023, the company was able to more than triple the revenue from this segment from 23 billion yuan to 80 billion yuan.

A rising tech star

Xiaomi was founded in 2010 in Beijing and since then has developed from a smartphone producer to a holistic consumer electronics producer. Among steadily growing revenue and profits, the company became one of the world’s most valuable tech brands. One aspect of the company’s growth strategy was to not only focus on smartphones, but also expand towards broader consumer electronics. Xiaomi is now established as an industry leader, especially in the smart home market.

Digitalizing the Chinese household

In the Chinese smart home industry, Xiaomi is one of the leading consumer electronics companies. Around one-fourth of the company’s revenue is generated from Internet of Things or consumer products. The app which connects all of Xiaomi’s smart home devices had the largest active user base among all major smart home applications in China. Thereby, the company is leading other Chinese household appliance and consumer electronic enterprises Midea and Haier.

In 2018, the Internet of Things (IoT) consumer and home electronics market in Japan was estimated at almost 1.8 trillion Japanese yen. Driven by the increased use of smart devices, such as smart speakers, the market was forecast to almost double in size by 2024 to approximately 3.44 trillion yen.

The global market for memory chips for IoT devices is expected to reach $XXX million by 2033, growing at a CAGR of XX% from 2025 to 2033. Increasing demand for IoT devices in various industries, including consumer electronics, healthcare, automotive, and manufacturing, is driving the growth of the market. Additionally, advancements in technology, such as the development of low-power memory chips and the adoption of 5G networks, are further fueling the demand for memory chips for IoT devices. The market is segmented by application, type, and region. By application, the market is divided into consumer electronics, healthcare, automotive, and industrial. By type, the market is divided into DRAM, NAND flash, and NOR flash. By region, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to hold the largest market share due to the high adoption of IoT devices in countries such as China and India.

The number of Internet of Things (IoT) devices worldwide is forecast to almost double from 15.9 billion in 2023 to more than 32.1 billion IoT devices in 2030. In 2033, the highest number of IoT devices will be found in China, with around 8 billion consumer devices. IoT devices are used in all types of industry verticals and consumer markets, with the consumer segment accounting for around 60 percent of all IoT or connected devices in 2023. This share is projected to stay at this level over the next ten years. Major verticals and use cases Major industry verticals with currently more than 100 million connected IoT devices are electricity, gas, steam & A/C, water supply & waste management, retail & wholesale, transportation & storage, and government. Overall, the number of IoT devices across all industry verticals is forecast to grow to more than eight billion by 2033. Major use-cases The most important use case for IoT devices in the consumer segment are consumer internet & media devices such as smartphones, where the number of IoT devices is forecast to grow to more than 17 billion by 2033. Other use cases with more than one billion IoT devices by 2033 are connected (autonomous) vehicles, IT infrastructure, asset tracking & monitoring, and smart grid.

The size and share of the market is categorized based on Type (IoT Node Component, IoT Network Infrastructure, Internet of Things Solution, Internet of Things Service) and Application (Wearable Device, Consumer Electronics Products, Medical Insurance, Home Automation, Car, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The Internet of Things (IoT) Sensors market is experiencing explosive growth, projected to reach a substantial size. The market's Compound Annual Growth Rate (CAGR) of 41.29% from 2019 to 2024 indicates a rapid expansion driven by several key factors. Increasing adoption of IoT across diverse sectors such as consumer electronics (smart homes, wearables), automotive (advanced driver-assistance systems, connected cars), and healthcare (remote patient monitoring, smart medical devices) fuels this growth. Furthermore, the ongoing miniaturization of sensors, improving sensor technology leading to enhanced accuracy and reduced costs, and the rising demand for real-time data analytics are significant contributors. The diverse application of IoT sensors across various end-user industries further broadens the market's potential. While potential restraints might include data security concerns and interoperability issues, the overwhelming market drivers suggest a robust future trajectory. North America and Asia Pacific are expected to remain dominant regions, driven by significant technological advancements and increasing adoption rates in these markets. Competition among established players like Texas Instruments, STMicroelectronics, and Bosch, along with emerging innovative companies, creates a dynamic landscape marked by continuous innovation and strategic partnerships. The market segmentation, encompassing consumer electronics, automotive, food and beverages, healthcare, and others, reflects the breadth of applications and diverse market opportunities. The forecast period from 2025 to 2033 anticipates continued, albeit potentially slightly moderated, growth. While the initial high CAGR may not be entirely sustainable over the long term, the underlying trends supporting IoT sensor adoption are expected to maintain a significant positive momentum. The market will likely experience some consolidation, with larger players potentially acquiring smaller specialized companies to expand their portfolios and capabilities. Focus on improved energy efficiency in sensor technologies and the development of more sophisticated AI-powered analytics will also shape the market's evolution, leading to new applications and more refined solutions across various industry verticals. The continuing expansion of 5G networks will further amplify the growth potential by enabling faster data transmission and supporting more complex IoT applications.

The global Internet of Things (IoT) market size was valued at USD 1.39 billion in 2025 and is projected to grow at a CAGR of 11.4% from 2025 to 2033. The growth of the IoT market can be attributed to the increasing adoption of IoT-enabled devices and technologies across various industries, such as consumer electronics, healthcare, automotive, and manufacturing. Key drivers of the IoT market include the growing demand for connected devices, the proliferation of cloud computing, and the increasing adoption of artificial intelligence (AI) and machine learning (ML). These factors are driving the development of new IoT applications and services, which is in turn fueling the growth of the IoT market. Additionally, the increasing government support for IoT initiatives is also contributing to the growth of the market. The major market players include Amazon.com, Inc, Microsoft, Qualcomm Technologies, Inc, Intel Corporation, and PTC. North America is the largest market for IoT, followed by Europe and Asia-Pacific. The Internet of Things (IoT) market is experiencing rapid growth due to the proliferation of connected devices and the increasing adoption of IoT technologies across various industries. This market is characterized by a high level of innovation and intense competition among leading players. Recent developments include: In June 2024, Cisco Systems, Inc. launched an Intelligent Industrial IoT Network as a foundation for Artificial Intelligence (AI) and Machine Learning (ML) applications. This network enhances various aspects of industrial operations, such as uptime, yield, security, and revenue generation. , In January 2023, PTC completed the acquisition of ServiceMax, a provider of service management solutions. The acquisition enhances PTC’s IoT offerings by combining field service management with advanced IoT analytics and AR for improved service operations and customer support. .

The North America IoT Sensors Market would witness market growth of 27.2% CAGR during the forecast period (2024-2031). The US market dominated the North America IoT Sensors Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $46,602.

The size and share of the market is categorized based on Application (BFSI, Automotive, Consumer Electronics, Retail, Energy & Utilities, Healthcare, Manufacturing, Transport & Logistics) and Product (Cellular Connectivity, Non-cellular Connectivity) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

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Embedded Products Market Size 2024-2028

The embedded products market size is forecast to increase by USD 99.2 billion, at a CAGR of 6.79% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for Internet of Things (IoT) applications in consumer electronics. The development of application-specific integrated circuits (ASICs) and embedded software is fueling the production of advanced technologies, such as graphics processing units (GPUs) and integrated circuits (ICs). Moreover, the rise of 5G technology is leading to the creation of more sophisticated embedded devices. However, the market faces challenges, including the need to reduce energy consumption in compact embedded products to extend battery life and enhance user experience. Advanced driver-assistance systems (ADAS) in automobiles are also driving the demand for high-performance embedded systems. Overall, the market is poised for continued growth, with innovation and energy efficiency being key focus areas.

What will be the Size of the Embedded Products Market During the Forecast Period?

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The market encompasses a diverse range of technologies, including microprocessors, microcontrollers, gate arrays, read-only memory, and flash memory, among others. This market is driven by the increasing demand for advanced IoT applications, electromobility solutions in electric and hybrid vehicles, and portable devices. The integration of multicore processors and 5G technology is fueling the development of network embedded systems, particularly in urbanization and cloud connectivity tools.
Militarized applications continue to be a significant market segment, driven by the need for high-performance and security. Energy consumption remains a critical concern, leading to the adoption of visualization tools to optimize power usage. Overall, the market is experiencing strong growth, driven by the expanding scope of applications across various industries.

How is this Embedded Products Industry segmented and which is the largest segment?

The embedded products industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.ApplicationConsumer electronicsAutomotiveIndustrialAerospace and defenseOthersProductHardwareSoftwareFunctionalityReal-Time Embedded SystemsStandalone Embedded SystemsNetworked Embedded SystemsMobile Embedded SystemsSystem SizeSmall-scaleMedium-scaleLarge-scaleEnd UserCommercialResidentialGovernment and DefenseGeographyNorth AmericaCanadaUSAPACChinaIndiaJapanEuropeGermanyUKFranceItalySouth AmericaBrazilArgentinaMiddle East and AfricaEgypt

By Application Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period. Embedded products play a crucial role in various industries, including gaming, automotive electronics, industrial automation, IoT applications, and consumer electronics. Manufacturers such as Intel, NVIDIA, NXP Semiconductors, and others provide advanced embedded boards, including COM and SBCs, to cater to the unique requirements of these sectors. For instance, in the gaming industry, embedded boards based on Intel Core processors and AMD processors are commonly used in gaming equipment, such as video slot machines and electronic games in arcades and casinos.

In the automotive sector, embedded systems enable the development of advanced automotive systems, including vehicle electronic systems, electromobility solutions for electric and hybrid vehicles, and phased array radar for 6G communications. Similarly, in industrial automation, embedded systems facilitate real-time and network embedded systems for urbanization, cloud connectivity tools, and energy consumption optimization. In the medical equipment industry, embedded systems ensure the functionality of various medical devices, while In the telecommunications sector, the power semiconductor market growth and 5G technology implementation.

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The consumer electronics segment was valued at USD 77.20 billion in 2018 and showed a gradual increase during the forecast period. Embedded systems vary by type, scale, and application. Real-time embedded systems power time-critical functions like automotive safety or industrial automation, demanding instant processing. Standalone embedded systems operate independently, driving devices like digital cameras or MP3 players. Networked embedded systems connect IoT devices, smart homes, or telecom networks, enabling seamless communication. Mobile embedded systems thrive in smartphones and wearables, supporting portability. Scale-wise, small-scale systems use basic microcontrollers for simple devices, medium-scale systems offer moderate power for con

By the end of 2018, there were an estimated 22 billion internet of things (IoT) connected devices in use around the world. As the sophistication of both hardware and software in the consumer electronics industry skyrockets, an increasing share of the electronic devices produced around the world are manufactured with internet connectivity. Forecasts suggest that by 2030 around 50 billion of these IoT devices will be in use around the world, creating a massive web of interconnected devices spanning everything from smartphones to kitchen appliances.

Internet of Things

The internet of things or IoT simply refers to the overarching network created by billions of internet-compatible devices and machines which share data and information around the world. The most commonly associated products are consumer electronics devices such as smartphones and smart speakers, but larger mechanical systems such as cars, household security systems, and even traffic lights are rapidly becoming integrated into this network due to their internet capabilities. As of 2018, the market’s two biggest segments in terms of revenue are “industrial internet” and “connected cities”, two uses which fall well outside the realm of simple smartphone data exchange. Business leaders operating in every industry from financial services to energy and mining are realizing the critical importance of IoT within their organizations and acting quickly to invest in the technology.