Embedded Systems Market by Hardware (MPU, MCU, Application Specific IC / Application Specific Standard Product, DSP, FPGA, and Memory), Software (Middleware and Operating System), Application, and Geography - Global Forecast to 2023
“Embedded systems market expected to grow at a significant rate between 2017 and 2023”
The embedded systems market is expected to grow at a CAGR of 4.05% between 2017 and 2023 and is expected to be valued at USD 110.46 billion by 2023. The key factors driving the growth of the embedded systems market are increasing adoption of embedded systems in the automotive industry, use of multicore processor technology in military applications, growing market for wearable devices, increase in usage of embedded systems in smart appliances of smart homes, and rising demand for embedded systems in healthcare equipment. However, the major restraining factor for the growth of this market is the security concern.
“Communications accounted for the largest share of the embedded systems market in 2016”
Embedded systems have been widely used in the communications application. Various application areas in communication are broadband access, Ethernet, routers, Voice over Internet Protocol (VoIP), wireless infrastructure, and protocol converters. To fulfill the requirement of high data speeds, telecom operators such as AT&T Inc. (US) and Verizon Wireless (US) require network equipment manufacturers to build systems that provide fast speeds for different types of data and voice transfers. This requirement is fulfilled by using embedded systems hardware such as field processing gate arrays (FPGA). Hence, this factor would help in the growth of the embedded systems market in the coming years.
“Americas accounted for the largest share of the embedded systems market in 2016”
The Americas accounted for the largest share of the embedded systems market in 2016. This region is a key market as it is the home ground for some of the largest corporations such as Qualcomm Technologies Inc. (US), Texas Instruments Inc. (US), Intel Corporation (US), and Microchip Technologies Inc. (US). These industry players are engaged either in research and development (R&D) activities for processors or developing microprocessor chips, thereby driving the growth of the embedded systems market in the Americas. The R&D activities at industry levels are increasing the use of embedded systems in different applications such as consumer electronics, automotive, aerospace & defense, healthcare, industrial, and energy.
Following is the breakup of the profiles of primary participants for the report:
• By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
• By Designation: C-Level Executives – 50%, Directors – 25%, and Managers – 25%
• By Region: Americas – 40%, Europe – 30%, APAC – 20%, and RoW – 10%
The key players operating in the embedded systems market are Intel Corporation (US), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), Microchip Technology Incorporated (US), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies Incorporated (US), Cypress Semiconductor Corporation (US), Analog Devices Inc. (US), Broadcom Limited (US), Fujitsu Limited (Japan), NXP Semiconductors N.V. (Netherlands), and Toshiba Corporation (Japan).
The research report covers the embedded systems market, which is segmented on the basis of hardware, software, application, and geography. The market has been segmented based on hardware into application-specific integrated circuit/application-specific standard product, digital signal processors, microcontrollers, microprocessors, field processing gate arrays, memory and power management IC. Based on application, the embedded systems market has been classified into communications, consumer electronics, automotive, industrial, energy, healthcare and aerospace & defense. The market has been segmented based on software into operating systems and middleware. Moreover, the report covers the market based on four major regions—Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on hardware, software, application, and geography have been conducted to give an overall view of the embedded systems market.
The major drivers, restraints, opportunities, and challenges for the embedded systems market have been detailed in this report.
The report includes a detailed competitive landscape, in-depth DIVE analysis, and revenue of the key players.
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