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A recent report published by Infinium Global Research on embedded systems market provides an in-depth analysis of segments and sub-segments in global as well as regional embedded systems market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional embedded systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global embedded systems market. According to the report the global embedded systems market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.
Market Insight
The Embedded system is integrated the programmable real-time operating system with the combination of both hardware and software. The embedded system is a single or multiprocessing system designed to perform specific operations. Microcontrollers or digital signal processors (DSP), field-programmable gate arrays (FPGA), application-specific integrated circuits (ASIC) and gate arrays are the important components in the embedded system. Ninety-eight percent of all microprocessors are manufactured as components of embedded systems. Embedded system offers various advantages including Small size with the faster operations, Easy to manage, low cost, fewer resource requirements, low power consumption, and many others.
The embedded system has numerous applications across various fields such as digital electronics, telecommunications, computing network, smart cards, satellite systems, military defense, research systems, and so on. Nowadays, various consumer devices depend on embedded communication and networking infrastructure. Embedded system is vastly used in the numerous consumer electronics applications including Personal computers, mobile tablets and smartphones, web-enabled TVs, and many others. The rapidly growing consumer electronics industry across the world drives the growth of embedded system market.
The rising adoption of embedded systems in the automotive industries is likely to escalate the growth of embedded system market worldwide. Nowadays, electronics systems are largely replacing the various mechanical systems in the automotive sector. The major electronics systems used in the automotive industry are embedded systems including Anti-lock Braking System, Satellite Radio, Navigation Systems, Drive by Wire and many other. In addition, rising consumer’s interest in wearable devices and smart Appliances are anticipated to boost the growth of embedded system market.
In addition, embedded systems play a significant role in smart homes. Various smart homes application uses the embedded system as they required real-time monitoring and control of home appliances. However, the Security related concern of an embedded system may hamper the growth of the embedded system market. Moreover, the rising adoption of embed systems in smart homes, smart cities, healthcare equipment, and military applications is projected to create several opportunities in the embedded system market in the upcoming years.
Regionally, North America holds the maximum share in the embedded system market followed by Asia Pacific region. The growing use of IoT in various industries in North America region drives the market of embedded system in this region. Furthermore, the presence of leading players in the embedded system market across the North America region including Intel Corporation and Texas Instruments contributes to the growth of the embedded system market. In addition, the trending smart home applications, developing industrial and healthcare infrastructure in the Asia Pacific region are likely to boost the growth of embedded system market in this region.
Segment Covered
The report on global embedded systems market covers segments such as microcontroller, functionality, component, and applications. On the basis of microcontroller the global embedded systems market is categorized into the small scale (8 bit -16 bit), medium scale (16 bit -32 bit) and large scale (32 bit -64 bit). On the basis of functionality, the global embedded systems market is categorized into standalone embedded systems, real time embedded systems, mobile embedded systems and networked embedded systems. On the basis of the component, the global embedded systems market is categorized into embedded hardware and embedded software. On the basis of applications, the global embedded systems market is categorized into automotive, telecommunication, healthcare, industrial, consumer electronics, aerospace & defense and others.
Geographic Coverage
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
Companies Profiled:
The report provides profiles of the companies in the global embedded systems market such as Infosys Ltd., Atmel Corporation, HCL Technologies Limited, Intel Corporation, Microsoft Corporation, NXP Semiconductors N.V., Infineon Technologies AG, Freescale Semiconductor, Renesas Electronics Corporation, and Texas Instruments.
Report Highlights:
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global embedded systems market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of embedded systems market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the embedded systems market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the embedded systems market to understand the present and future trends in this market and formulate their strategies accordingly.
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