Industry Outlook and Trend Analysis
The global Embedded System Market was worth USD 132.50 billion in the year of 2012 and is expected to reach approximately USD 254.87 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.06% during the forecast period. Embedded systems are systems that are application-specific and are intended to meet the necessities of the objective systems in which they are embedded. Developing requirement for gadgets, for example, smart electricity meters is relied upon to drive the worldwide market over the gauge time frame. This is primarily in light of the fact that these gadgets fuse embedded systems with a specific end goal to guarantee exact and desired usefulness. The requirement for smart meters is relied upon to keep expanding over the estimate time frame, by virtue of vitality proficiency activities on a worldwide level, subsequently offering impulse to the embedded systems market. Advances in technology, and in addition reduction in prices of microcontroller units, are additionally anticipated that would positively affect the market over the figure time frame. Embedded systems are utilized as a part of various end-use enterprises; therefore, expanding request from application ranges, for example, consumer electronics and healthcare is required to fuel market development throughout the following years.
Product Outlook and Trend Analysis
In 2013 Embedded hardware represented 93.8% of the general piece of the overall industry, and is relied upon to keep ruling the general market over the estimate time frame. It principally comprises of Digital Signal Processors (DSP), microcontrollers, microprocessors, and so on. Embedded software contains middleware, operating system (OS) and in addition tools. Embedded systems have requirements on real time basis since they are utilized for a wide range of security purposes. This has prompted the requirement for effective programming custom fitted for the objective application.
Application outlook and Trend Analysis
Automotive applications represented 20.8% of the market in 2013 and are relied upon to remain the biggest portion throughout the following years. In the automotive division, embedded systems are utilized for infotainment, safety, and engine control among others. Expanding requirement for vehicles outfitted with efficient navigation and auto to-street correspondence capacities is required to support the market in this section. Besides, expanding entrance of hybrid electric vehicles (HEV) and electric vehicles (EV) for guaranteeing emanation control is evaluated to drive inserted framework utilization. Healthcare is required to be the quickest developing application. Handheld and Portable therapeutic equipment and devices, for example, vital signs monitoring systems make broad utilization of embedded systems. Consumer electronics including microwave ovens, cell phones and also HVAC (heating, ventilation, and aerating and conditioning) systems utilize embedded software and hardware, and the fragment is anticipated to develop speedier than the worldwide normal throughout the following years. Industrial applications contain infrastructure, process control, energy, and so on. Smart metering systems, and also feedback control and data acquisition systems for computerization, are relied upon to add to the worldwide market for industrial applications.
Regional Outlook and Trend Analysis
In 2013, North America was the biggest regional market. It is foreseen to keep up its dominance in the upcoming years. The Asia-Pacific market is projected to witness significant growth in the upcoming years. This is made conceivable by the significant number of trained experts associated with programming improvement for embedded systems in the locale. Also, the existence of creation plants, for example, the Taiwan Semiconductor Manufacturing Company (TSMC) has lightened helped reducing production costs.
The worldwide embedded systems market involves several players, partitioned on the premise of their item advertising. Significant hardware segments created incorporate microcontrollers, DSPs, and microprocessors. Major industry players include Intel Corporation, Atmel, Renesas Electronics, Samsung Electronics Co Ltd, Freescale Semiconductor Private Limited and Qualcomm. Organizations working in the market report profit generation from fragments, for example, industrial, automotive, and multi-market portions, for example, telecommunication, healthcare, consumer electronics, and so forth. In 2013 the worldwide installed frameworks showcase was esteemed at USD 140.32 billion and is anticipated to witness significant growth in the upcoming years.
The global Embedded System Market is segmented as follows:
Military and Aerospace
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?