Embedded Security

Global Embedded Security Market to Reach US$9.2 Billion by 2030

The global market for Embedded Security estimated at US$6.3 Billion in the year 2024, is expected to reach US$9.2 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2024-2030. Secure Element & Embedded SIM, one of the segments analyzed in the report, is expected to record a 6.0% CAGR and reach US$3.4 Billion by the end of the analysis period. Growth in the Trusted Platform Module segment is estimated at 6.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.9 Billion While China is Forecast to Grow at 8.2% CAGR

The Embedded Security market in the U.S. is estimated at US$1.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.3% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Global Embedded Security Market - Key Trends & Drivers Summarized

Embedded security refers to the protection of hardware and software components within embedded systems, which are specialized computing systems designed to perform dedicated functions within larger systems. These systems are integral to a wide range of applications, from automotive and industrial machinery to consumer electronics and medical devices. Embedded security aims to safeguard these systems from cyber threats, unauthorized access, and other vulnerabilities that could compromise their functionality and the overall integrity of the devices they control. Key elements of embedded security include secure boot processes, encrypted communications, access control mechanisms, and the implementation of hardware security modules (HSMs) to protect sensitive data and cryptographic keys.

The importance of embedded security has grown in tandem with the proliferation of the Internet of Things (IoT) and the increasing interconnectedness of devices. As more devices become connected to networks and the internet, they become potential targets for cyberattacks. In the automotive industry, for instance, embedded security is crucial for protecting the safety and functionality of vehicles, which now often feature advanced driver assistance systems (ADAS) and autonomous driving capabilities. Similarly, in industrial settings, embedded security ensures the integrity and reliability of critical infrastructure, such as power grids and manufacturing systems, by preventing cyber intrusions and tampering. Advanced techniques like secure firmware updates, anomaly detection, and real-time monitoring are employed to maintain robust security postures in these embedded systems.

The growth in the embedded security market is driven by several factors, including the escalating frequency and sophistication of cyberattacks, the expanding IoT ecosystem, and stringent regulatory requirements for data protection and privacy. As cyber threats become more advanced, organizations are increasingly recognizing the need for robust embedded security solutions to protect their assets and ensure operational continuity. The rapid expansion of IoT devices, which are often deployed in critical applications, necessitates comprehensive security measures to mitigate risks. Regulatory frameworks, such as the General Data Protection Regulation (GDPR) and industry-specific standards, mandate rigorous security practices, further propelling the demand for embedded security solutions. Additionally, advancements in technology, such as artificial intelligence and machine learning, are enhancing the capabilities of embedded security, enabling more proactive and adaptive defenses. As these trends continue to evolve, the embedded security market is poised for significant growth, driven by the ongoing need for secure and resilient embedded systems across various industries.

SCOPE OF STUDY:

The report analyzes the Embedded Security market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Secure Element & Embedded SIM, Trusted Platform Module, Hardware Security Module, Hardware Tokens); Security Type (Authentication & Access Management, Payment, Content Protection); Application (Payment Processing & Cards, Smartphones & Tablets, Wearables, Automotive, Industrial, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 240 Featured) -

• Analog Devices, Inc.
• Advantech Co., Ltd.
• ACI Worldwide, Inc.
• Arm Ltd.
• American Express Company
• AllGo Embedded Systems Pvt., Ltd.
• Applied Risk B.V.
• Applicature
• 10XTS
• Abstract Tokenization
• Antier Solutions Pvt Ltd
• ALPHASEED TECHNOLOGY LDT
• AllianceBlock
• Agora Innovation GmbH
• Adhara Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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