The global embedded system market accounted for a value of USD 78.7 billion in 2019 and is projected to register growth at a CAGR of 4.8% during forecast period.
COVID-19 has impacted the embedded system market. The operations of industries manufacturing hardware components and software solutions has disrupted due to lockdown. The hardware and software embedded systems used by automotive. The hardware and software embedded systems used by automotive, aerospace & defense, healthcare, consumer device and others around the world. The ongoing pandemic has impacted the business of the end-users companies. This declined the growth of embedded system market during forecast period.
For more details, visit: Global Embedded System Market By Hardware (Microcontrollers, Microprocessors, Others), By Software (Operating Systems, Middleware, Others), By Application (Automotive, Industrial, Others), By Region, Forecast & Opportunities to 2026
Embedded systems play a vital role in redesigning the automotive industry. Embedded systems are used in ADAS technology which is widely installed in hybrid and electric vehicles. The demand for hybrid and electric vehicle is rapidly increasing around the globe and this increase demand for embedded systems. Thus, drives growth in embedded systems market during forecast period.
On the basis of hardware, the embedded system market is segmented into microcontrollers, microprocessors, application-specific integrated circuits (ASIC), power management integrated circuits (PMICs), field programmable gate arrays (FPFA), memories and digital signal processors (DSP). The microcontrollers segment is estimated to dominate the market during the forecast. The microcontrollers are widely use in automobile engine control system, implantable medical devices, washers, dryers, office machines, power tools and others. The demand for microcontrollers is rapidly increasing across various sectors and this drives growth in microcontrollers segment during forecast period.
On the basis of software, the embedded system market is segmented into operating systems, middleware, real-time embedded systems and standalone embedded systems. The real-time embedded systems segment accounted for largest market share in 2019. The major growth attributed factors are real-time embedded systems are widely used in such applications which need a high responsiveness rate. The adoption of IoT in various devices, platforms and smart environment is increasing rapidly.
On the basis of application, the embedded system market is segmented into automotive, industrial, energy, communication, healthcare, aerospace & defense and consumer electronics. The communication segment is estimated to dominate the market during forecast period. Embedded systems are widely used in Ethernet devices, routers, protocol converters and wireless infrastructure for high speed data transfer to support the communication infrastructure. The telecom applications widely used embedded hardware such as ASIC and FPGA. The telecom providers sometimes integrate hard IP for interfaces such peripheral component interconnect (PCI) express and DDR3/4 for high speed data transfer using embedded hardware. This drives growth in communication application during forecast period.
Asia-Pacific region is estimated to lead the market during forecast period. The industrialization and urbanization is increasing in this region and this increases the adoption of embedded systems. Asia-Pacific region has availability of low-cost electronic products which increases demand for microprocessors and microcontrollers. The use of embedded vision systems and autonomous robots is also increasing in this region. This drives growth in Asia-Pacific region during forecast period.
The key market players in embedded system market are Intel, Renesas, STMicrocoelectronics, NXP Semiconductors, Texas Instruments, Microchip, Cypress Semiconductor, Qualcomm, Analog Devices, Infineon, Fujitsu Ltd.,Marvell, Samsung Electronics, On Semiconductor, Broadcom, Nuvoton and Toshiba.
- What are the expected industry trends over the next three to five years?
- Which of the embedded system software is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?