Global Embedded Systems Market - Overview
According to Market Research Future (MRFR), the
global Embedded Systems Market is projected to reach USD
291.25 billion, with a CAGR of 5.8% from 2018 to 2025 (forecast period). The
report explains the effect of the novel COVID-19 pandemic on the global
embedded systems market and provides a thorough analysis of the expected
fluctuations in demand during the forecast period.
Embedded systems are described as a combination of
hardware and software integrated with the program or are designed to perform
functions within systems or devices. Technological advancements and a reduction
in the cost of semiconductors are factors that contribute to the growth of the
market. Embedded systems assist, control, or monitor operations related to
equipment, devices, and machinery. These systems are developed to perform the
task within a shorter amount of time, resulting in the improved overall
performance of the system.
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Market Dynamics
The growing demand for smartphones, laptops,
desktops, communications systems, and others around the globe is one of the key
factors contributing to the growth of the market for embedded systems. As per
GSMA, there were 5.1 billion new mobile subscribers in 2018, and this figure is
anticipated to reach 5.8 billion by 2025, rising at a CAGR of 1.9% during the
2018-2025 forecast period. Furthermore, the commercialization of 5G is also
estimated to promote the growth of the market. The varying prices of
semiconductors are, however, a factor that hinders the development of the
market.
Market Segmentation
The global market for embedded systems has been segmented
based on type microcontroller performance, functionality, and application.
By type, the global embedded systems market has been
segmented into hardware and software.
By microcontroller performance, the global embedded
systems market has been segmented into small-scale embedded systems,
medium-scale embedded systems, and large-scale embedded systems.
By functionality, the global embedded systems market
has been segmented into stand-alone embedded systems, real-time embedded
systems, mobile embedded systems, and networked embedded systems.
By application, the global embedded systems market
has been segmented into automotive, telecommunication, healthcare, industrial,
consumer electronics, military & aerospace, and others.
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Regional Analysis
By region, the global embedded systems market has
been segmented into North America, Europe, Asia Pacific, and the rest of the
world.
North America held the largest market share in 2018
due to high investments made by companies in the development of new
technologies. Rapid urbanization and demand for smart appliances and the
presence of large-scale industries in the region are among the vital factors
driving the market in the region. In addition, the presence of different
companies, such as Atmel Corporation, Intel Corporation, Texas Instruments, and
others, contribute to the market's growth by providing different systems to
different industries to carry out the tasks associated with their applications.
The region has been segmented based on countries
such as the United States, Canada, and Mexico. The US has a significant market
share in the region due to the presence of advanced technology and the
increasing development and production of various IoT devices. In addition, the
rapid adoption of smart homes, smart kitchens, connected cars, and others in
the country is also impelling the growth of the market. Canada is the
fastest-growing country in the region due to increasing investment by
manufacturing companies in developing new devices and systems.
Key Players
MRFR recognizes the prominent players in the global
embedded systems market as Atmel Corporation (US), Intel Corporation (US),
Texas Instruments (US), Infineon Technologies AG (Germany), NXP Semiconductors
N.V. (Netherlands), Microsoft Corporation (US), Samsung Electronics Corporation
(South Korea), Renesas Electronics Corporation (Japan), Analog Devices
Inc.(US), Kontron AG (Germany), Advantech Co., Ltd. (Taiwan), ARM Limited (UK),
Fujitsu Limited (Japan), Microchip Technology Inc. (US), Xilinx, Inc. (US),
STMicroelectronics (Switzerland), among others.
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