According
to a new market report published by Transparency Market Research
Embedded System Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2015 - 2021” was valued at USD 152.94
billion in 2014 and is estimated to grow at a CAGR of 6.4% and reach
USD 233.13 billion by 2021. An embedded system market is a
single-purpose application specific computer which is built into a
larger system for monitoring and controlling of the overall system.
Browse
the full Embedded System Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021 report at
http://www.transparencymarketresearch.com/embedded-system.html
Increasing
demand for smarter and power efficient electronic devices and
increasing application of embedded systems in the automobile industry
is primarily driving the growth of the market. Embedded systems are
being increasingly deployed in advanced devices such as smart meters,
in order to ensure desired and accurate functioning. Growing demand
for these devices, on the account of energy efficiency initiatives on
a global level is thus boosting the growth of overall market.
Increasing demand for these processors with multi-core technologies
and embedded graphics is also set to bolster the growth of the
market. These factors in total are expected to impact the growth of
global embedded system market positively during the forecast period
from 2015 to 2021.
By
functionality, market has been segmented into four segments, namely
stand alone, real time, networked and mobile. Real time embedded
systems garnered the maximum revenue in 2014. These systems have the
ability to operate under constrained environments with strict
deadline, where processing power and computer memory is restricted.
The extensive usage of real time embedded systems across various
sectors including the commercial, military, government, medical,
cultural infrastructures and educational sectors is fuelling the
growth of the market.
By
microcontrollers, market has been divided into: small scale, medium
scale and large scale embedded systems. Medium scale embedded systems
occupied the largest share of the market globally source held and
accounted for more than 50% of the market in 2014. Medium scale
embedded systems are supported by 16 and 32 bit microcontroller or
microprocessor and they help to reduce size, cost and power
consumption of the systems. Most of the advanced embedded systems are
based on this technology.By types, embedded system is classified as
embedded hardware and embedded software. In 2014, embedded hardware
segment was the larger contributor to the market. Dominance of the
market by embedded hardware is expected to continue during the
forecast period. However, the embedded software segment is expected
to grow significantly during the forecast period, owing to strong
need for superior quality of embedded software controllers by
safety-critical end-use industries such as medical and defense.
By
applications, market is classified into seven segments, namely:
automotive, telecommunication, healthcare, industrial, consumer
electronics, aerospace and defense, and others. The automotive sector
held the largest share of the market accounting for more than 18% in
2014. Embedded systems are used widely in the automotive sector and
are found in a vehicle’s engine, navigation system, body
electronics and infotainment systems. Automotive sector is expected
to retain its position throughout the forecast period owing to
increasing penetration of hybrid electric vehicles (HEVs) and
electric vehicles (EVs). In addition, increasing demand from other
end user industries such as consumer electronics and healthcare is
also expected to positively impact the market in the coming years.
The
global embedded system market has been divided geographically into
four broad regions, namely North America, Europe, Asia Pacific and
Rest of the World. North America acquired the largest share of the
global market in 2014 and accounted for more than 36%. Early
penetration of technology and considerable research and development
activities in the United States are the primary drivers for the
embedded system market in this region. Asia Pacific occupied the held
the second largest share of the market globally and accounted for
more than 30%.Some of the major players in the market are: Atmel
Corporation (U.S.), Freescale Semiconductor, Inc. (U.S.), HCL
Technologies, Ltd. (India), Intel Corporation (U.S.), Infosys, Ltd.
(India), Infineon Technologies AG (Germany), Microsoft Corporation
(U.S.), NXP Semiconductors (Netherlands), Renesas Electronics
Corporation (Japan), and Texas Instruments, Inc. (U.S.) among others.
This
report offers a comprehensive analysis of the global embedded system
market along with the market values, in terms of revenue (USD
billion) for the forecast period from 2015-2021. In addition, the
global market has been bifurcated on the basis of functionality,
microcontroller, types and application. The cross sectional analysis
of embedded system market across four geographical regions has also
been covered under the purview of the report.
The
market has been segmented as follows:
Embedded
system market, by Functionality
Stand
alone embedded systems
Real
time embedded systems
Networked
embedded systems
Mobile
embedded systems
Embedded
system market, by Microcontroller
Small
scale embedded systems
Medium
scale embedded systems
Large
scale embedded systems
Embedded
system market, by Types
Embedded
Hardware
Embedded
Software
Embedded
system market, by Application
Automotive
Telecommunication
Healthcare
Industrial
Consumer
electronics
Aerospace
and defense
Others
Embedded
system market, by Geography: The market is broadly segmented on the
basis of geography into:
North
America
United
States
Canada
Mexico
Europe
United
Kingdom
Germany
Italy
France
Rest
of Europe
Asia
Pacific
China
India
Japan
Oceania
Rest
of Asia Pacific
Rest
of the World
South
America
Middle
East and Africa (MEA)
Africa
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