The global embedded systems market is
expected to reach USD 214.39 billion by 2020, according to a new study by Grand
View Research, Inc. Favorable regulatory scenario for installation of smart
devices such as smart meters is expected to drive global embedded system demand
over the forecast period. Growing adoption and evolution of the Internet of
Things (IoT) driven by technological advancement is also expected to fuel the
industry over the next six years.
Increasing demand for end-use industries
such as healthcare and consumer electronics is expected to positively impact
the embedded systems market. Key requirements for an efficient embedded system
include high degree of reliability and responsiveness as well as low cost,
since these devices are embedded in safety critical systems. Decreasing prices
of microcontrollers, which are a key component of embedded hardware, is
expected to give impetus to the market in the coming years.
Full Research Report On embedded systems market Analysis:
http://www.grandviewresearch.com/industry-analysis/embedded-system-market
http://www.grandviewresearch.com/industry-analysis/embedded-system-market
Further key findings from the study suggest:
·
Embedded hardware is expected
to remain the dominant product segment and accounted for 93.8% of the global market
in 2013. It includes Digital Signal Processors (DSP), microprocessors as well
as microcontrollers. Embedded software is expected to grow at the fastest rate
of 8.1% from 2014 to 2020.
·
Automotive is expected to
continue leading the global market; the segment accounted for 20.8% of the
overall market share in 2013. This can be attributed to the high electronic
content in automotives coupled with growing focus on Hybrid Electric Vehicles
(HEV) for energy efficiency. The market for healthcare applications is expected
to be the fastest growing, at a CAGR of 7.1% from 2014 to 2020.
·
North America accounted for
over 34% of the global market in 2013, and is expected to remain the largest
regional market over the next six years. The market in Asia Pacific is marked
by the presence of semiconductor fabrication plants such as the Taiwan
Semiconductor Manufacturing Company (TMSC); the region also comprises a
significant number of skilled professionals. As a result, the market in this
region is expected to grow at a CAGR of 6.7% from 2014 to 2020, faster than the
global average.
·
Companies operating in the
global embedded systems market offer embedded software development as well as
hardware such as microcontrollers and microprocessors. Key industry
participants include Renesas Electronics, Intel Corporation, Freescale
Semiconductor, Infineon Technologies, Atmel Corporation and Samsung Electronics
among others.
View More Reports Of This Category By Grand View Research
At: https://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
global embedded systems market on the basis of product, application and region:
Embedded Systems Product Outlook (Revenue, USD Billion,
2012 - 2020)
·
Embedded Hardware
·
Embedded Software
Embedded Systems Application Outlook (Revenue, USD
Billion, 2012 - 2020)
·
Automotive
·
Consumer Electronics
·
Healthcare
·
Industrial
·
Military and Aerospace
·
Telecommunication
·
Others
Embedded Systems Regional Outlook (Revenue, USD Billion,
2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
View Press
Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-embedded-systems-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
For More Information: www.grandviewresearch.com