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Embedded System Market – 2023: Altera, Arm, Atmel Corporation, NXP acquires Freescale Semiconductor, Infineon Technologies, Intel Corporation, Microchip Technology Inc., Microsoft, NXP Semiconductors, Renesas Electronics, Samsung Electronics, STMicroele
Embedded System Market
Following are the projected key trends:
• Designing Secure Systems on Focus
• Emergence of M2M Communication drives Demand for Embedded M2M Solutions
• Smart devices and vehicles open up the application avenues
• Growing Role of Electronic Control and Signaling in Railway Networks creates prospects
• Advancement in Medical and Healthcare Boosts Market Opportunities
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Technology innovation in wireless communications, software and digital processing is expected to positively impact embedded system market size. Systems that effectively and efficiently drive the electronic contents within vehicles have also increased significantly in automotive sector. This assists safety systems on the highest priority by monitoring parameters such as tire inflation, antilock braking systems, remote keyless entry, antitheft and airbag systems. However, security risks related to the systems is anticipated to hinder the industry growth.
Key industry players involved and promoting the growth of the global embedded system market are as follows:
• Altera
• Arm
• Atmel Corporation
• NXP acquires Freescale Semiconductor
• Infineon Technologies
• Intel Corporation
• Microchip Technology Inc.
• Microsoft
• NXP Semiconductors
• Renesas Electronics
• Samsung Electronics
• STMicroelectronics
• Texas Instruments
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With the rapid advancements in technology, the global demand for hi-tech equipment and devices has surged substantially, resulting in a huge adoption of embedded system across various industries such as Automotive, Consumer Electronics, Industrial, Healthcare, Telecommunication, and Military & Aerospace. Among these, automotive industry dominated the application landscape, accounting for over 22% of the global share in 2014. The growing trends in the automotive industry such as connected cars, electric and hybrid electric vehicles, smart vehicles, etc. will proliferate the embedded system industry share in the automotive industry. Embedded system market size in the automotive industry is likely to witness a CAGR of 5.5% over the period of 2016-2023.
North America is forecast to dominate the regional landscape, with revenue estimations of USD 84 billion by 2023. The growth can primarily be attributed to the growing trend of IOT across this region. US will be the major revenue pocket for the North America market, having had a 30% regional share in 2015. Asia Pacific embedded system industry will also grow significantly over the coming timeframe, driven by the factors such as lower manufacturing costs, easy availability of software professionals, and huge presence of fabrication plants across this region. APAC embedded system market is likely to cross a revenue of USD 81 billion by 2023.
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Key participants of the moderately competitive market include Altera, Arm, Atmel Corporation, NXP acquires Freescale Semiconductor, Infineon Technologies, Intel Corporation, Microchip Technology Inc., Microsoft, NXP Semiconductors, Renesas Electronics, Samsung Electronics, STMicroelectronics and Texas Instruments.
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