Published: Nov, 2018

The global embedded systems market is characterized by stiff competition owing to the presence of numerous players. They operate both at the regional and international levels. And they compete against one other to cater to rising demand in the market for the systems to be used in various applications. Going forward, more players are expected to enter the fray thereby further intensifying competition.

A noticeable trend in the global embedded systems market is the focus of players on diversifying their product portfolios leveraging latest technologies. They are also focused on making their products more affordable and expanding geographical outreach in order to surge ahead of their competitors. Some of the key players in the global embedded systems market are Freescale Semiconductor, Atmel Corporation, STMicroelectronics, Samsung Electronics Corporation, Texas Instruments, and Fujitsu.

A research study by Transparency Market Research states that the global embedded system market would rise at 6.4% CAGR between 2015 and 2021. At this pace, the market is expected to reach US$233.19 bn by 2021-end.

The automotive industry is currently the largest application segment in the global embedded systems market. Going forward too, the segment is projected to account for a substantial share in the market. This is because of the increasing adoption of small-sized electronic and electrical components in vehicles. Further, soaring uptake of a range of sensing devices and technologically advanced infotainment systems is also predicted to drive demand in the embedded systems market. With respect to geography, North America at present holds a dominant share in the global embedded systems market. This is because the region is the nerve center of various developments in the domain of electronics and electrical.

Advancement in Electronics and Mechanical Sectors Driving Embedded System Market

The global embedded system market is receiving a major boost from the progress in electronics and mechanical sectors. And with the evolution of artificial intelligence, the market is set to receive further fillip. Organic growth in various end use sectors is also having positive impact on the market. Those include telecommunication, automotive, industrial, healthcare, aerospace and defense, and consumer electronics.

Lack of Skilled Workforce and High Production Cost Hampers Market

Acting as a hindrance to the global embedded system market, on the other hand, is the inadequate number of skilled workforce. The high cost of raw materials too is posing a challenge. In addition, manufacturing of embedded systems is expensive and this automatically drives up price of end products thus hampering sales.

Despite such hiccups, the global embedded systems market is predicted to rise in the next couple years as nimble companies introduce electronics and automation-based solutions that cost less. The flourishing automotive segment is expected to be main demand driver. Adds the lead analyst of the TMR report, “At present, embedded systems in automobiles mostly comprise of navigation systems, airbag controllers, adaptive cruise control, satellite radio, drive by wire, heads up displays, adaptive cruise control, and advanced driver assistance systems (ADAS).”

The review is based on the findings of a TMR report, titled, “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 report segments the Global Embedded Systems Market into the following:

Global Embedded Systems Market, by Functionality

  • Stand alone
  • Real time
  • Networked
  • Mobile

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

  • Automotive
  • Telecommunication
  • Healthcare
  • Industrial
  • Consumer Electronics
  • Aerospace and Defense
  • Others

Global Embedded Systems Market, by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

About Us

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 adhoc 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.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States

Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

.