Report Ocean has launched new research study “Global Embedded Systems Market – Industry Dynamics, Market Size, and Opportunity Forecast to 2025”. The global Embedded Systems market was valued at $83,523.69 million in 2018, and is expected to reach $123,856.98 million by 2025, registering a CAGR of 5.78% from 2020 to 2025. Increasing adoption of consumer electronics and growing trend of wireless and compressed products is estimated to drive the embedded systems market across the globe. Another functionality of the embedded systems that make it popular in various applications is its ability to operate with lesser power. Increasing adoption of EV due to several government initiatives and policies to reduce CO2 emission drives application of embedded systems in automotive.
Global Embedded Systems Market: Overview
Embedded systems are classified into real-time embedded systems, stand-alone embedded systems, networked embedded systems, mobile embedded systems. The embedded systems are bifurcated based on functional requirements and performance of the microcontroller. The usage of the different types depends on the applications they are used in. The embedded systems increase operational efficiency of the products they are used in with functionalities such as, minimal user interface, less consumption of power, high stability, low cost, among others.
Advancements of technology and implementation of system on chip (SOC), Internet of things (IoT) among others is projected to have a positive impact on the market growth. The consumer electronics manufacturers are constantly updating their product portfolio and implementing effective marketing solutions that increase the sales of luxury electronic products. Surge in the demand for the electric vehicles in several countries is estimated to escalate the market towards growth trajectories.
However, several applications such as automotive, consumer electronics among others of the embedded have been facing negative impact due to the hit of pandemic across the globe. Although, applications under healthcare and defense are seen to be increased die to COVID-19 due to unexpected demand for the ventilators, oximeters, and other healthcare devices. However, security concerns associated with the embedded systems is projected to have a negative impact on the market, thus hampering the market growth.
Europe and North America are estimated to contribute for a considerably high share as compared to other regions owing to presence of the market leaders in the region. Moreover, organizations and individuals in the western countries of Europe and Americas are more adaptive towards developing trends of technology. Additionally, many European countries and the U.S. have readily adopted electric vehicles thus owing to market growth.
China is estimated to hold more than 35% of the global share of the electric vehicles by volume. Moreover, the constantly improvising technologies and the people becoming technologically aware of the technologies is contributing largely for the adoption of smart devices and thus, driving the embedded systems market across the world. The Indian appliance and consumer electronics (ACE) market is expected to grow at a CAGR of 9% during 2017-2022.
Embedded Systems Market Taxonomy
The global embedded systems market is segmented into following types as per the sales are revenue channel opted by the various application.
- Aerospace & Defense
- Consumer Electronics
- Asia Pacific
- Middle East & Africa
Global Embedded Systems Market: Competition Panorama
The global embedded systems market is observed to have a monopolistic nature. The market appears to be approaching monopoly nature due to dominance of few leaders in the market. Several companies are strategizing for business expansion and surviving in the competitive environment by mergers, acquisitions, and partnerships.
The major players profiled in the Embedded Systems market include.
- Atmel Corporation
- HCL Technologies Limited
- Infosys Ltd.
- Intel Corporation
- Microsoft Corporation
- Freescale Semiconductor
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Texas Instruments
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