Press release
Embedded System Market: Rise in Automobile Manufacturing to Lead to a Spurt in Progress
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Most businesses in the global embedded system market are focusing on expanding product portfolio, coupled with providing technologically advanced offers. Achieving cost regulations, improving geographical reach, and bringing forth innovative concepts are a few other domains where companies are attempting to gain a competitive edge over their rivals. Atmel Corporation, Freescale Semiconductor, Fujitsu, Infineon Technologies, Samsung Electronics Corporation, STMicroelectronics, Renesas Electronics Corporation, Microchip Technologies, and Texas Instruments, are key players operating in the global embedded system market. With the number of companies expected to increase during the next few years, the embedded system market is expected to showcase an increasingly augmented competition from a worldwide perspective.
According to market experts, the global embedded system market is projected to grow at a healthy CAGR of 6.4% during the forecast period from 2015 to 2021. This growth is foretold to occur with a revenue valuation of US$233.19 bn registered by the end of the forecast period.
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The global embedded system market is envisaged by analysts to portray a fantastic performance based on widespread advancements occurring in the field of mechanical and electronics sectors. Moreover, with automobiles being the most successful segment in this market, an increasing production of these machines is expected to draw in spectacular growth. A gradual rise in the evolution of artificial intelligence and its use in different end-user sectors have also benefitted the global embedded systems market. A major presence of such artificial intelligence exists in the form of software bots, robotic assembly machines, devices working on the highly popular Internet-of-Things concept, and several other electronic systems.
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After the electronic revolution occurring at the turn of the century, many technologies were invented, mass produced, and eventually became highly sought after. This trend has continued well past into the second decade of the current century, which is further expected to provide a large impetus to the market’s growth in the near future.
The data and information presented in this review are based on a TMR report titled as “Embedded System Market (Functionality- Standalone Embedded Systems, Real Time Embedded Systems, Networked Embedded Systems, and Mobile Embedded Systems; Microcontroller- Small Scale Embedded Systems, Medium Scale Embedded Systems, and Large Scale Embedded Systems; Type- Embedded Hardware and Embedded Software; Applications- Automotive, Telecom, Healthcare, Industrial, Consumer Electronics, and Aerospace and Defense) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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