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Embedded Systems Market by Hardware, Software, Application And Geography - Global Forecast to 2023

Embedded Systems Market: Global Forecast until 2023

  • September 2017
  • 140 pages
  • ID: 5113893
In this report:
The overall connected car market registered a shipment of ##.## million units in 2015 and is expected to reach ##.## million units by 2022, at a CAGR of ##.##% between 2016 and 2022.
Asia Pacific (APAC) accounted for the largest share of ##.##% of the embedded systems market in 2016 and is expected to grow at a CAGR of ##.##% between 2017 and 2023.

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Embedded systems market forecasted to grow at a significant rate between 2017 and 2023

The embedded systems market is anticipated to grow at a compound annual growth rate (CAGR) of ~4.1 percent between 2017 and 2023 and is anticipated to be valued at ~$110.5B by 2023. The main key factors driving the rise of the embedded systems market are growing adoption of embedded systems in the automotive sector, use of multicore processor technology in military applications, increasing market for wearable devices, rise in usage of embedded systems in smart appliances of smart homes, and increasing demand for embedded systems in healthcare equipment. Nevertheless, the main restraining factor for the increase of this market is the security concern.

Communications recorded for the most important share of the embedded systems market in 2016

Embedded systems have been widely used in the communications application. Different application areas in communication are broadband access, Ethernet, routers, Voice over Internet Protocol, wireless infrastructure, and protocol converters. To fulfill the requirement of high data speeds, telecom operators including AT&T Inc. and Verizon Wireless need network equipment manufacturers to build systems that provide quick speeds for various types of data and voice transfers. This requirement is fulfilled by using embedded systems hardware including field processing gate arrays. Therefrom, this factor would help in the rise of the embedded systems market in the next years.

Americas recorded for the biggest share of the embedded systems market in 2016

The whole Americas recorded for the most important share of the embedded systems market in 2016. This area is a main market as it is the home ground for some of the biggest corporations including Qualcomm Technologies Inc., Texas Instruments Inc., Intel Corporation, and Microchip Technologies Inc.. These industry actors are engaged either in analysis and growth activities for processors or developing microprocessor chips, thereby driving the increase of the embedded systems market in the whole Americas. The R&D activities at industry levels are rising the use of embedded systems in distinct applications including consumer electronics, automotive, aerospace & defense, healthcare, industrial, and energy.

Following is the breakup of the profiles of primary members taking part for the study:

• By Company category: Tier 1 - 20.0 percent, Tier 2 - 55.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite executives - 50.0 percent, Directors - 25.0 percent, and Managers - 25.0 percent

• By Area: Americas - 40.0 percent, EU - 30.0 percent, Asia-Pac - 20.0 percent, and rest of the world - 10.0 percent

The top players operating in the embedded systems market are Intel (NASDAQ:INTC), Infineon Technologies (ETR:IFX), Renesas Electronics Corporation, Texas Instruments Incorporated, Microchip Technology Incorporated, STMicroelectronics (NYSE:STM), Qualcomm Technologies Incorporated, Cypress Semiconductor Corporation, Analog Devices Inc., Broadcom Limited, Fujitsu Limited, NXP Semiconductors (NASDAQ:NXPI), and Toshiba (TOSBF).

Segment Research

The research report contains the embedded systems market, which is split on the basis of hardware, software, application, and territory. The industry has been sliced n the basis of hardware into application-specific integrated circuit/application-specific standard product, digital signal processors, microcontrollers, microprocessors, field processing gate arrays, memory and power management IC.

Established on application, the embedded systems market has been categorized into communications, consumer electronics, automotive, industrial, energy, healthcare and aerospace & defense. The sector has been divided on the basis of software into operating systems and middleware. Furthermore, the analysis includes the industry established on four main regions-Americas, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation, study, and estimate for the sector established on hardware, software, application, and area have been organized to give an global view of the embedded systems market.

The main drivers, market restraints, alternatives, and opportunities for the embedded systems market have been precised in this industry report.

The market research includes an exhaustive competitive analysis, detailed DIVE review, and revenue of the main actors.

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