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 System Market Visit Here:
https://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.
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https://www.grandviewresearch.com/industry-analysis/embedded-system-market/request/rs1
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
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 info visit @ https://www.grandviewresearch.com
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