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IDA or GHIDRA?

More seriously, I do a lot of hobby hacking work in the video game console space (I develop a custom firmware for the Nintendo Switch, having previously developed total control exploits for it). One of the things we're seeing in that is that software vulnerabilities are basically drying up -- newer devices look like they'll only be hackable via hardware attacks, like voltage glitching.

Have you been observing a similar trend in the IoT/other embedded devices space? Do you think that's the endgame, or that things will end up being around-this-insecure for the foreseeable future?