The Report 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.
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.
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.
