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24 January 2020 - In 2013, the Embedded System Market was valued USD 140.32 billion and is predicted to reach USD 214.39 billion by 2020 growing at CAGR of 6.3% from 2014 to 2020.

The use of embedded system has increased in many sectors.

Embedded system is application-specific system that ensures accurate and desired functionality.

The demand for devices such as smart electric meter is expected to propel the market.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/embedded-system-marketThe demand for smart meter has increased due to its capabilities such as sending accurate reading to suppliers and is expected to increase even more in forecast period.

Besides, the demand from areas such as healthcare is expected to fuel market in next six years.Product InsightsThe hardware components used in embedded system dominated the overall market share in 2013.

The growth in production and sale of consumer electronics such as smartphones, LED TV’s and other home appliances will help in growth of this sector in next six years.

The embedded system market is projected to grow from USD 86.5 billion in 2020 to USD 116.2 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025.Key factors fuelling the growth of this market include an increase in the number of research and development activities related to embedded systems, rise in demand for advanced driver-assistance systems (ADAS) and electro mobility solutions for electric vehicles and hybrid vehicles, increase in demand for portable devices such as wearable’s, and rise in the use of multicore processors in military applications.Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98154672The microcontrollers segment accounted for the largest share of the embedded system market in 2019.In 2019, the microcontrollers segment accounted for the largest share of the embedded system hardware market.

The growth of this segment can be attributed to the increased use of microcontrollers in implantable medical devices, automobile engine control systems, microwave ovens, washers and dryers, security systems, office machines, remote controls, power tools, appliances, and toys.

The demand for microcontrollers is continuously increasing owing to automation in different industries, adoption of IoT in a number of verticals, rise in the global demand for secured applications, and increase in demand for low energy consumption devices.The middleware segment accounted for a large share of the embedded system market in 2019.Among software, the middleware segment accounted for a large share of the embedded system market in 2019.

General-purpose middleware can be used in networking protocols below the application layer and above the device driver layer of open system interconnection (OSI) models or even virtual machines (VM) such as Java virtual machine (JVM).

Moreover, ongoing advancements in sensors and actuators used for industrial automation, energy distribution, transportation, telecommunication networks, and healthcare applications are also driving the demand for real-time embedded systems globally.The medium-scale embedded systems segment accounted for the largest share of the embedded system market in 2019.The medium-scale embedded systems segment accounted for the largest share of the embedded system market in 2019.

Medium-scale embedded systems are used for packet processing in network switches and routers and data processing in ultrasonic sensors.

Global Embedded Systems Market: Overview

Embedded system is a computer system, used within in large mechanical and electrical systems to solve real time computing constraints. It is integrated within the hardware of the electric or mechanical parts. These systems provide better adaptability, reliability, accuracy, power and smaller size. Embedded systems are employed in variety of industry verticals such as electronics, mobile communication, railways, automobiles, healthcare and aeronautics tom fulfill specialized purposes.

The Embedded Systems market is expected to be driven by increasing adoption in automobiles, wearable devices, smart appliances in smart homes, use of multi-core processor technology in military applications and burgeoning demand in healthcare equipments. Moreover, innovation in technology coupled with smart grid initiatives likely to fuel of the Embedded systems market. However, the market is constrained with production of embedded systems, which requires set of complications arise on real time embedded systems implementations and theft and data privacy concerns.

The revenue generated in the global market for embedded systems is, as a result, expected to progress at a strong CAGR of 6.1% from 2017 to 2024. This market is expected to reach US$254.19 billion by the end of 2024. 

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GlobalEmbedded Systems Market: Segmentation

Embedded system market, by Functionality

• Stand alone embedded systems
• Real time embedded systems
• Networked embedded systems
• Mobile embedded systems

Embedded system market, by Microcontroller

• Small scale embedded systems
• Medium scale embedded systems
• Large scale embedded systems

Embedded system market, by Types

• Embedded Hardware
• Embedded Software

Embedded system market, by Application

• Automotive
• Telecommunication
• Healthcare
• Industrial
• Consumer electronics
• Aerospace and defense
• Others 

Regional Outlook

The major chunk of total revenue in the embedded systems market is expected to come from North America. The region is has consistently remained top consumer of embedded systems and is likely to show high demand in the region.

Asia Pacific is expected to show meteoric rise in demand for the embedded systems in the coming years. The region comprises of large number of industries that are rapidly evolving will require embedded systems to streamline their processes. The availability of skilled professionals in software development and presence of fabrication plants in the regions will further augment the growth of the embedded systems market.

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Competitive Scenario

The companies operating in the Embedded Systems Market are Intel Corporation (US), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), Microchip Technology Incorporated (US), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies Incorporated (US), Cypress Semiconductor Corporation (US), Analog Devices Inc. (US), Broadcom Limited (US), Fujitsu Limited (Japan), NXP Semiconductors N.V. (Netherlands), and Toshiba Corporation (Japan).

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Embedded Systems MarketEmbedded systems are combination of software and hardware run by a program or to perform set of functions within the devices or systems.

Technological advancements and price drop in semiconductors are drivers of the global embedded system market.

Assistance, control, and monitoring of operations of devices and machinery are applications of embedded systems.

Improved sales figure of media devices, such as smartphones, laptops, desktops, communications systems, and others is another major booster for the embedded systems market.

MRFR studied the worldwide embedded system market by microcontroller performance, functionality, type, and application.

Embedded system are applied across industries, such as telecommunication, automotive, industrial, healthcare, military & aerospace, consumer electronics, and othersThe reliable regional insights offered on the global embedded system market by MRFR aid investors identify potential revenue pockets across the globe.