Embedded Software Market Forecast 2024 By Industry Players: Green Hills Software, HCL Technologies, IBM, Intel, LG CNS, Microsoft, Mitsubishi, National Instruments, Renesas Electronics, STMicroelectronics, Texas Instruments, Toshiba, Mentor Graphics, Micr

The RTOS segment in embedded software market is projected to register a CAGR of more than 11% due to a surge in the demand for special-purpose hardware using real-time systems such as ThreadX, Windows CE, Fusion RTOS, LynxOS, and VxWorks. The RTOS-enabled software uses a round-robin scheduling process that reduces the hog in the CPU and performs an error-free process in real-time. Such systems offer mission-critical and safety-critical applications to various industry verticals such as military, healthcare, manufacturing, and the automotive sector.

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The manufacturing sector held more than 23% embedded software market share in 2017 due to the evolution of Industry 4.0 manufacturing with seamless IoT connection. A surge in the demand for IoT-enabled OS allows the manufacturers to remotely monitor the product’s statistics and automate the device-to-analytics data flow. The adoption of RTOS software facilitates the enterprises to monitor the changes in the production on a real-time basis, increasing the operational excellence in the manufacturing sector. In July 2016, Advantech launched 7” WebOP-2070T TFT that supports WVGA operator panel with web access/HMI software. This strategic move helped the company improve the manufacturing efficiency and decrease its labor cost.

The automotive industry is expected to witness the highest CAGR of more than 11% over the forecast timeline due to a rise in the market prominence of embedded OS in the electric and hybrid electric vehicles. A rise in the demand for enhanced in-vehicle infotainment systems such as navigation systems, parking assistance, adaptive cruise control, and airbag system is expected to drive the market. The integration of these technologies into automobiles enables the companies to offer safety, security, and scalability to their end users.

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World Embedded Software Market is set to grow from its current market value of $11 billion to more than $19 billion by 2024, grow at over 7% CAGR.

Industry Growth drivers –
• Advancement in latest technologies of IoT, artificial intelligence and machine learning
• Rising significance and market penetration of embedded OS in automotive sector
• High investment in R&D activities
• Surge in demand of embedded OS in consumer electronics & healthcare industry

The real-time system in embedded software market is projected to register the highest growth with a CAGR of more than 12% during the forecast period. The growth in this segment is attributed to error-free task management and the use of preemptive kernel method in the system. The real-time system is classified into two types, soft and hard. The soft RTS offers less accuracy and strictness on time while hard RTS delivers the exact output at the required time.

The standalone system held a market share of more than 73% in 2017. The growth in this segment is attributed to an increase in the demand for the traditional system by a majority of end users present in the embedded software market. Such systems can function autonomously without any help from the host computer as it encompasses its own OS software, user-created files, and virtual memory space. Further, the system can share the information with other systems on the network even if it is detached from the network. Digital cameras, video games consoles, mp3 players, and temperature measurement systems are some of the major applications of standalone systems.

Browse key industry insights spread across 150 pages with 177 market data tables & 35 figures & charts from the report, “Embedded Software Market Size By Operating System (General Purpose Operating System (GPOS), Real Time Operating System (RTOS), By Function (Standalone System, Real Time System, Network System, Mobile System), By Application (Automotive, Consumer Electronics, Manufacturing, Retail, Media & Entertainment, Military & Defense, IT&Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/embedded-software-market

North America dominates the embedded software market with a share of more than 51% in 2017 due to the presence of key players in this region. Microsoft, Intel, and Microchip are some of the major industry leaders of the market in the U.S. Moreover, a rise in the number of startup companies offering innovative software solutions is also expected the augment the growth of the region over the forecast timeline. Canada is expected to witness the highest market growth with a CAGR of more than 7% between 2018 and 2024.

The major key players operating in embedded software market are Advantech Co., Ltd., Dexcel Electronics Designs, ENEA Software AB, Express Logic, Graphene Semiconductor, Green Hills Software, HCL Technologies Ltd., IBM Corporation, Intel Corporation, LG CNS, Mentor Graphics, Microchip Technology Inc., Microsoft Corporation, Mitsubishi Electric Corporation, National Instruments, Qualcomm, Qualitat Systems, Renesas Electronics Corporation, Segger Microcontroller Systems, STMicroelectronics, Texas Instruments, Toshiba Corp., and Via Technologies Inc.

The key players of the market focus on mergers & acquisitions, partnerships and new product development strategies to strengthen their presence in the market. For instance, Green Hills Software has partnered with Imagination Technologies to provide support for MIPS I6400 CPU with its Integrity RTOS software. This partnership helped the company to provide highly efficient solutions to autonomous vehicles, Advanced Driver Assistance Systems (ADAS), and networking, requiring the maximum security and reliability.

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World Molded Interconnect Devices (MID) Market is set to grow from its current market value of $320 million to more than $840 million by 2024, grow at over 12% CAGR.
Players operating in the MID market include Amphenol T&M Antennas, Galtronics, Harting Mitronics AG, LPKF Laser & Electronics AG, MacDermid Enthone, Molex, Multiple Dimensions AG, RTP Company, S2P smart plastic product, SelectConnect Technologies, Suzhou Cicor Technology Co. Ltd, Teprosa GmbH, Tongda Group, Yomura, BASF, DSM, EMS-GRIVORY, Ensinger GmbH, Division Ensinger Compounds, Evonik Industries, Lanxess, Mitsubishi Engineering Plastics, PTS Group, RTP, Sinoplast New Material Ltd., and Zeon Corporation.

https://www.gminsights.com/industry-analysis/molded-interconnect-devices-MID-market

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