Asia-pacific Embedded Systems Market Forecast 2022-2030

Asia-pacific Embedded Systems Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific embedded systems market is predicted to record a CAGR of 5.34% during the forecast years 2022 to 2030. Some of the key factors influencing the market growth of the region are the augmenting presence of electronics companies, the growing demand for embedded systems in the healthcare industry, and the increasing production of electrical products.

MARKET INSIGHTS

The Asia-Pacific embedded systems market growth evaluation comprises the assessment of South Korea, Thailand, Indonesia, China, Japan, India, and Rest of Asia-Pacific. Presently, South Korea ranks third globally in terms of electronics production. As per a report issued by the Korea Electronics Association, the Korean electronics industry recorded $171.1 billion in the year 2018, equating to 8.8% of the international market. Moreover, South Korea’s electronics manufacturing surged 53.3% from 2013 to 2018, surpassing Japan to take over the third position. This notable growth is primarily credited to robust performances by chip leaders, such as Samsung Electronics Co, as well as SK Hynix Inc.

Furthermore, owing to the rising trend of smart offices and smart homes in South Korea, the demand for consumer electronic devices is increasing. These include smart TVs, smart air conditioners, and smart refrigerators. Hence, the abovementioned factors are set to play an integral role in fueling the embedded systems market growth in South Korea during the estimated period.

COMPETITIVE INSIGHTS

Leading companies operating in the market include Renesas Electronics Corporation, Samsung Electronics Co Ltd, Fujitsu Limited, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments