In
applications where a general-purpose computer doesn’t meet the
desired operational requirements, an embedded system is the go-to
solution. As opposed to a general-purpose computer, an embedded
systems is programmed for a very specific function. For instance, an
embedded system in a global positioning system (GPS) may help with
receiving satellite signals. Embedded systems are increasingly used
in new-age automobiles, appliances and electronics to perform highly
specific yet advanced functions.
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Full Global Embedded Systems Market Research Report With Complete TOC
@ http://www.transparencymarketresearch.com/embedded-system.html
Thanks
to these positive growth drivers, the global embedded systems market
is expected to report a healthy growth rate through the remainder of
the decade. Transparency Market Research, a market intelligence firm,
expects the global embedded systems market to expand at a compounded
annual growth rate (CAGR) of 6.4% between 2015 and 2021, by which
year it will likely reach a valuation of US$ 233.13 billion. In 2014,
the market was pegged at US$ 152.94 billion.
The
market is characterized by a high degree of rivalry among market
players.
Widely
regarded as the Progenitor of IoT, Embedded Systems will continue to
Find Uses in Smart Devices
Experts
in the electronics industry often remark that embedded systems were
the precursor to IoT. However, the IoT industry has evolved so
rapidly that it now directly influences the way embedded systems are
designed and implemented. From smart wearables to military equipment
to software applications, embedded systems are increasingly being
used in every new application that impacts our lives.
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the full Press Release :
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With
the prices of hardware components such as microcontrollers,
microprocessors, and FPGA chips having dipped in recent years,
companies now find it more cost-effective to purchase a generic chip
and create their own code for it. This is the approach now being
followed by numerous companies producing smart electronics, smart
devices, and other sophisticated electronics that are a part of the
IoT ecosystem.
Real-time
Embedded Systems on Brink of Exploding on to the Scene with their
Cutting-Edge Advantages
On
the basis of functionality, the global embedded systems market
features various types of embedded systems such as real-time,
networked, stand alone, and mobile. The future clearly belongs to
real-time embedded systems because of the sheer advantages they bring
to various applications. These types of embedded systems, for
instance, can operate in extremely constrained environments where
restrictions exist on both computing power and computer memory.
It’s
hardly surprising then, that the demand for real-time embedded
systems is soaring from the education, government, military, medical
and electronics sector.
North
America Occupies Top Spot in Global Embedded Systems Market, Trailed
by Asia Pacific
Globally,
North America represents the largest market for embedded systems.
According to TMR’s analysis, the North America embedded systems
market represented over 36% of the global market in 2014, with Asia
Pacific following at a close second spot. Together, these two markets
account for just over 65% of the global embedded systems market.
The
dominance of North America can be attributed to the fact that the
United States is an early adopter in nearly every new technology that
is launched in the market. Moreover, the region is a hotbed for
research and development in the semiconductor and electronics sector.
Countries in North America are witnessing extensive deployment of
smart meters in commercial and residential facilities, spurring
massive demand for embedded systems. These factors create a highly
supportive environment for the expansion of the global embedded
systems market.
Likewise,
Asia Pacific too enjoys an appreciable share in the global embedded
systems market thanks to countries such as Taiwan, China, and South
Korea being hubs for embedded system production. These three
countries, along with India, also have well-developed automotive and
electronics markets.
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About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and
Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information. Our data repository is continuously
updated and revised by a team of research experts, so that it always
reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous
primary and secondary research techniques in developing distinctive
data sets and research material for business reports.
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