Global Embedded System Market to 2027
Global Embedded System Market to 2027
Market Overview
An embedded system is based on the principle of processing core of large system which is used to perform specific task and it comprises of microprocessors or microcontroller. Embedded system is made up with computer memory, computer processor, and input/output peripheral devices. Embedded systems are widely used in various sectors such as Automotive, Communication, Energy, Industrial, Healthcare, and Aerospace & Defense.
Market Drivers
Rise in number of research and development activities associated with embedded system is expected to drive the growth of global embedded system market. Furthermore, increase in demand for ADAS in Electrical vehicle and hybrid vehicle is expected to propel the growth of global embedded system market. Moreover, increase in technological advancements in embedded systems is expected to fuel the growth of global embedded system market. For instance, in March 2020, EmbeddedTech had launched Next Generation State-of-The-Art-Embedded Systems Development Platform for rapidly building electronic hardware prototype. This innovation involves virtualizing the microcontroller so that we can easily run normal computer in virtual environment. Into that virtualized components are easily connected to microcontroller. In addition to that, rise in demand for multicore processors in military application will have the positive impact on global embedded system market growth. In other hand, high demand for portable devices equipped with embedded system is expected to drive the global embedded system market growth.
Market Restraints
However, Vulnerability of embedded systems to cyber threats and security breaches is expected to hamper the global embedded system market growth. Also, high production cost, short product lifecycle related to embedded system is expected to hinder the global embedded system market growth.
Market Segmentation
Global Embedded System Market is segmented into components such as Hardware, and Software, by system size such as Small Scale Embedded Systems, Medium Scale Embedded Systems, and Large Scale Embedded Systems. Further, Global Embedded System Market is segmented into application such as Automotive, Communication, Energy, Industrial, Healthcare, and Aerospace & Defense.
Also, Global Embedded System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key layers are discussed in this report such as INFINEON, ANALOG Devices, QUALCOMM, Cypress Semiconductor, Microchip, Texas Instruments, NXP Semiconductor, RENESAS, STMICROELECTRONICS, and Intel.
Market Taxonomy
By Components
In this report,
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