San Francisco, 28 March, Embedded System Market Analysis By
Product (Hardware, Software), By Application (Automotive, Telecommunication,
Healthcare, Industrial, Consumer Electronics, Military & Aerospace) And
Segment Forecasts To 2020.
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.
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Research Report On Embedded System Market Analysis:
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.
Browse 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
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Press Release of this Report: 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.
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