Global Embedded System Market study is providing you with the up-to-date, actionable market information and projections with the latest impact of the Covid 19 outbreak. It offers all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
Industry Insights
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 increased investment in automation technologies and growth in sales of electronic devices are key factors that are expected to drive the market. The use of embedded system has increased in many sectors. The Automotive industry is dominating among other industries. 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.
The 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. Technological advancement and availability of electronic components at low price will have positive impact on market. Embedded system has numerous applications in various fields; as a result the demand for systems is high. Besides, the demand from areas such as healthcare is expected to fuel market in next six years.
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Application Insights
The use of embedded systems in automotive applications was the highest in 2013 and it accounted about 20.8% of market. The use in automotive industry is expected to dominate due to its use in infotainment, engine control and safety. Use of GPS and increasing use of electric vehicles (EV) and hybrid electric vehicles (HEV) is expected to boost the market.
The use of embedded system in healthcare sector is expected to be fast growing at a CAGR of 7.1 from 2014 to 2020. Embedded systems are designed to independently execute specific function. 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. Data acquisition and feedback control system, smart metering system for automation will contribute in growth of the industry.
Regional Insights
In 2013, the North America was largest market and is expected to dominate in forecast period. Asia-pacific is expected to grow at a CAGR of 6.7% from 2014 to 2020. The number of trained professional and Taiwan semiconductor manufacturing company (TSMC) is main reason for growth of industry in the region. The use of java in mobiles in-order to develop different applications and to control NFC will eventually boost the market.
Competitive Insights
There are major player in the industry that offers different hardware and software products. Hardware component includes DSP’s, microcontroller and microprocessors. Automobile, consumer electronics, healthcare and telecommunication are sector in which embedded systems are used. Intel corporation, Atmel and Qualcomm, Samsung electronics Corporation are some key players among the established organization.
The global embedded systems market was valued at USD 140.32 billion in 2013 and is expected to reach USD 214.39 billion by 2020, growing at a CAGR of 6.3% from 2014 to 2020.
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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.
