Europe Embedded Systems Market Forecast 2022-2030

Europe Embedded Systems Market Forecast 2022-2030

KEY FINDINGS

The Europe embedded systems market is estimated to progress with a CAGR of 4.44% during the forecasting years of 2022 to 2030. The market growth of the region is determined by key drivers, such as the maturing customer electronics industry, the rapid development of the Internet of Things (IoT), and stringent environmental regulations.

MARKET INSIGHTS

The Europe embedded systems market growth evaluation comprises the assessment of the United Kingdom, Germany, France, Italy, Spain, the Netherlands, and Rest of Europe. The COVID-19 pandemic, in addition to the associated lockdown restrictions, has adversely impacted the economy of Germany. In this regard, the country’s consumer electronics sector was predominantly affected. Moreover, owing to the pandemic, major domestic appliances depicted robust growth, particularly in the cooling devices and freezers segment.

On the other hand, following a period of consecutive growth, the consumer electronics industry in France declined in 2019, partly due to market saturation in many categories as well as economic uncertainty. Although the overall market continued to remain sluggish in 2019, there was substantial market growth in devices providing advanced technologies, compatibility and versatility, enhanced connectivity, innovative design features, and superior performance standards. The core beneficiaries of this trend, reinforced by novel launches, entail smartphones, OLED TVs, compact system cameras, wireless speakers, and smart wearables. Therefore, these factors are set to propel the demand for embedded systems, thus proliferating the market growth in Europe during the forecast period.

COMPETITIVE INSIGHTS

Some of the leading firms operating in the market are ARM Ltd, Infineon Technologies AG, NXP Semiconductors NV, 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