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Global Embedded Software Market Outlook By Top Key Players - Toshiba, Texas Instruments, STMicroelectronics, Qualcomm, National Instruments, Microsoft, Microchip Technology Inc., Mentor Graphics, Intel Corporation, IBM, HCL Technologies, Advantech
Embedded Software Market Size
Embedded Software Market size is set to exceed USD 19 billion to growing at a CAGR of more than 7% from 2018 to 2024. A rise in the market penetration of electric vehicles is projected to expand the growth of the embedded software market. The deployment of embedded OS has increased the driving comfort of the passengers by offering driving assistance function such as adaptive cruise control and parking assistance. A rise in the demand for standardized software, such as automotive open system architecture (AUTOSAR) for electric vehicles, is expected to propel the growth of the market.
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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.
The increase in demand for open-source Linux software and open-source RTOS software is expected to offer lucrative growth to the embedded software market. As per GMI analysis, the worldwide shipment of open-source real-time operating systems has increased by 8.5% in 2017 as compared to 2016. The use of real-time systems enables the user to develop functional firmware in highly compressed timescales. Moreover, it also supports the custom Board Support Package (BSP) as per the user’s requirement. The primary advantage of open source RTOS is low power consumption that helps MCUs to increase the processing speed by around 20%.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Toshiba
2. Texas Instruments
3. STMicroelectronics
4. Qualcomm
5. National Instruments
6. Microsoft
7. Microchip Technology Inc.
8. Mentor Graphics
9. Intel Corporation
10. IBM
11. HCL Technologies
12. Advantech
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
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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.
North America accounted for the highest embedded software market share of more than 51% in 2017 due to the presence of key players of the market in this region. An increase in the number of startup companies offering innovative software solutions in the U.S. will help them continue their dominance. Moreover, a rise in the adoption of special-purpose hardware using RTOS systems, such as Fusion RTOS, Windows CE, Lynx OS, and VxWorks, will augment the embedded software market share during the forecast period.
Asia Pacific is anticipated to witness the highest market growth with a CAGR of more than 10% during the forecast period. This growth is attributed to an increase in the customization of consumer electronics and healthcare products. Several initiatives have been undertaken by the governments in developing countries such as India, Japan, and South Korea to strengthen their economic growth. For instance, under the ‘Make in India’ initiative, the top 10 semiconductor companies have invested USD 1.5 billion in R&D activities in India to strengthen their market presence in this region.
The key players operating in the embedded software market Advantech, Dexcel Electronics Designs Pvt. Ltd,Enea AB,Express Logic, Graphene Semiconductor Services Pvt Ltd., Green Hills Software, HCL Technologies, IBM, Intel Corporation, LG CNS Co., Ltd., Mentor Graphics, Microchip Technology Inc., Microsoft, Mitsubishi Electric Power Products, Inc., National Instruments, Qualcomm, Qualitat Systems, Renesas Electronics, SEGGER Microcontroller, STMicroelectronics, Texas Instruments, Toshiba, and VIA Technologies, Inc.
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About Global Market Insights
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