Published: Aug, 2018
The global embedded system market depicts the presence of a highly aggressive and fragmented vendor landscape, mainly due to the existence of innumerable players, says Transparency Market Research on the basis of a recently published report. Even though major rivalry exists at an international level, the regional players display a large competition between each other owing to a high demand of the systems in various applications.
Most businesses in the global embedded system market are focusing on expanding product portfolio, coupled with providing technologically advanced offers. Achieving cost regulations, improving geographical reach, and bringing forth innovative concepts are a few other domains where companies are attempting to gain a competitive edge over their rivals. Atmel Corporation, Freescale Semiconductor, Fujitsu, Infineon Technologies, Samsung Electronics Corporation, STMicroelectronics, Renesas Electronics Corporation, Microchip Technologies, and Texas Instruments, are key players operating in the global embedded system market. With the number of companies expected to increase during the next few years, the embedded system market is expected to showcase an increasingly augmented competition from a worldwide perspective.
According to market experts, the global embedded system market is projected to grow at a healthy CAGR of 6.4% during the forecast period from 2015 to 2021. This growth is foretold to occur with a revenue valuation of US$233.19 bn registered by the end of the forecast period.
Rise in Automobile Manufacturing to Lead to a Spurt in Progress
The global embedded system market is envisaged by analysts to portray a fantastic performance based on widespread advancements occurring in the field of mechanical and electronics sectors. Moreover, with automobiles being the most successful segment in this market, an increasing production of these machines is expected to draw in spectacular growth. A gradual rise in the evolution of artificial intelligence and its use in different end-user sectors have also benefitted the global embedded systems market. A major presence of such artificial intelligence exists in the form of software bots, robotic assembly machines, devices working on the highly popular Internet-of-Things concept, and several other electronic systems. After the electronic revolution occurring at the turn of the century, many technologies were invented, mass produced, and eventually became highly sought after. This trend has continued well past into the second decade of the current century, which is further expected to provide a large impetus to the market’s growth in the near future.
Lack of Expertise in Remote Regions Stunts Expansion
However, the embedded systems market is hindered up to a certain extent by lack of a skilled workforce coupled with high cost of raw materials, mainly in underdeveloped and remote areas. Even in developing nations, availability of devices and use of certain applications is restricted to certain communities. Moreover, high costs of manufacturing the embedded systems often translates into expense end products. And as those having less disposable income may find it difficult to buy these products, such expenses are a prime factor hindering the market’s growth. Nevertheless, the global embedded systems market is expected to bloom at a faster rate in the forthcoming years, especially as key players are keen to introduce cost-effective electronics and automation-based solutions.
The data and information presented in this review are based on a TMR report titled as “Embedded System Market (Functionality- Standalone Embedded Systems, Real Time Embedded Systems, Networked Embedded Systems, and Mobile Embedded Systems; Microcontroller- Small Scale Embedded Systems, Medium Scale Embedded Systems, and Large Scale Embedded Systems; Type- Embedded Hardware and Embedded Software; Applications- Automotive, Telecom, Healthcare, Industrial, Consumer Electronics, and Aerospace and Defense) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”
- The global embedded system market is envisaged by analysts to portray a fantastic performance based on widespread advancements occurring in the field of mechanical and electronics sectors.
- Achieving cost regulation, improving geographical reach, and bringing forth innovative concepts are a few domains where companies are attempting to gain a competitive edge over their rivals.
The global embedded systems market is segmented as follows:
Global Embedded Systems Market, by Functionality
- Stand alone
- Real time
Global Embedded Systems Market, by Microcontroller
- Small scale (8 bit -16 bit)
- Medium scale (16 bit -32 bit)
- Large scale (32 bit -64 bit)
Global Embedded Systems Market, by Type
- Embedded hardware
- Embedded software
Global Embedded Systems Market, by Application
- Consumer Electronics
- Aerospace and Defense
Global Embedded Systems Market, by Geography
- North America
- Asia Pacific
- Rest of the World
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453