Embedded systems are microcontroller or microprocessor-based systems that are designed to perform specific tasks. They are incorporated into larger machinery and products, known as hosts, to add control and intelligence. A wide variety of devices across industries such as automotive, telecommunication, healthcare, industrial automation, and consumer electronics incorporate embedded systems to perform intelligent functions. Increasing demand for smarter and more efficient products across end-use industries is expected to drive the growth of the global embedded systems market during the forecast period.
Market Dynamics:
The global embedded systems market is driven by factors such as growing automation trends across industries, rising demand for connected devices and internet of things solutions. Increased focus on reducing product costs and improving functionality has led OEMs to equip products with embedded systems. However, security concerns related to device connectivity and high investment costs for development are expected to restrain the market growth. Emerging applications of embedded artificial intelligence, Blockchain technologies, and advent of 5G networks present lucrative opportunities for vendors.
Key Features of the Study:
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