Embedded System Market Holds Key to Success of Automated Driving
An embedded system is a combination of software and hardware which are designed typically for meeting real time constraints. Embedded system is a combination of software and hardware having significant characteristics such as speed, power.
The Embedded System Market deals with the development and manufacture of a computer system with built-in dedicated functions. The dedicated functions of embedded systems are contained with a bigger system which is limited by computing constraints. Embedded computer systems are specialized to meet these constraints in real-time.
The years of R&D undertaken by the Embedded System Market with regards to combining hardware and software has led to superior computing accuracy, speed, power and flexibility. Recent drastic advances in the embedded system design has led to opening up of new potential applications. In particular, the increasing reliance of the automotive industry on computers is being viewed as key future growth driver for embedded hardware.
The development of an embedded design with multi-core technologies has only added to the burgeoning reputation of the Embedded System Market. Such cutting-edge integration has led to embedded systems companies making crucial contributions to the wild success of consumer electronics.
Scope & Regional Forecast of the Embedded System Market
The Embedded System Market considers the key future growth drivers to be a few factors like: rapidly growing global sales of consumer electronics like the Apple iPhone smartphone; greater requirement for integrating automation in manufacturing and processing; and the greater role of embedded systems development in electric and, especially, autonomous vehicles. The market for embedded systems also faces a key challenge in the form of reducing the costs of high-tech features.
North America currently holds the highest share in the Embedded System Market due to a majority of embedded system design research taking place there. On the other hand, Asia-Pacific is expected to register the fastest growth till 2021 due to the presence of successful consumer electronics and automotive manufacturing hubs in the region.
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Segmentations & Key Players Involved in the Embedded System Market
According to IndustryARC findings, the Embedded System Market can be broken down into various segmentations on the basis of –
Type: Embedded Hardware and Embedded Software.
Microcontroller: Small Scale Embedded Systems, Medium Scale Embedded Systems and Large Scale Embedded Systems.
Functionality: Stand Alone Embedded Systems, Real Time Embedded Systems, Networked Embedded Systems and Mobile Embedded Systems.
End-User: Automotive, Telecommunication, Healthcare, Industrial, Consumer Electronics, Aerospace & Defense and Others.
Geographical Location: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Embedded System Market according to IndustryARC are as follows:
Infineon Technologies AG
Renesas Electronics Corporation
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May 02, 2017