San Francisco, Oct 17 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.
Browse full research report on Embedded System Market:
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.
Browse more reports of this category
by Grand View Research: 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
Browse press release of this report
by Grand View Research: 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
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