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Global Embedded Software Market Growth Analysis By Top Leading Players like IBM, Intel, Microsoft, Advantech, Microchip, Mitsubishi, STMicroelectronics, LG CNS, Mentor Graphics, National Instruments, Texas, Renesas, HCL & more
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.
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The major key players operating in embedded software market are ENEA, Green Hills Software, IBM, Intel, Microsoft, Advantech, Microchip, Mitsubishi, STMicroelectronics, Express Logic, LG CNS, Mentor Graphics, National Instruments, Segger, Texas, Renesas, HCL, Qualcomm, Toshiba, Via, Dexcel, Graphene, and Qualitat systems. 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.
An increase in the demand for IoT-enabled software development for embedded systems in the consumer electronics and healthcare industry is expected to augment the growth of the market. A rise in the use of smart wearables and web-enabled TVs to offer enhanced technological convergence in a single device is also anticipated to fuel the market. Moreover, the escalating cost of development of complex consumer electronics has enabled the vendors to develop systems to shift over-development of systems with its own operating systems. The manufacturing of these devices enables the enterprises to reduce the development costs and maximize the functionality & performance of electronic products.
The real-time systems segment is anticipated to observe the highest growth with a CAGR of over 12% during the forecast period. This growth is attributed to a rise in the demand for safety-critical hardware in the defense industry. The integration of RTS devices into existing weapons enables the manufacturers to prevent the malicious functioning of devices by the development of systems complying with DO-178B safety standards. Moreover, these devices are classified into two types, hard real-time systems, and soft real-time systems. Hard RTS devices are deterministic and have a time constraint, which means that every process needs to be completed in a given deadline. While in soft RTS devices, the system can miss some of its deadlines without affecting the overall performance of the system.
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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. Further, the development of these technologies enables the manufacturers to stabilize the car in a critical situation and prevent the driver from steering out of control. For instance, Green Hills Software?s Integrity RTOS technology is certified with the highest functional safety levels for IEC 61508 (SIL 4) & EN 50128 (SWSIL 4). The latest release of Windows Embedded Automotive 7 has voice control inputs, touchscreen support, SMS text message support, and hands-free communication over Bluetooth technology for end users.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Embedded Software Industry Insights
Chapter 4. Competitive Landscape, 2017
Chapter 5. Embedded Software Market, By Operating System
Chapter 6. Embedded Software market, By Function
Chapter 7. Embedded Software market, By Application
Chapter 8. Embedded Software Market, By Region
Chapter 9. Company Profiles
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Related Report:
Global Embedded Software Market Size, Status and Forecast 2022
This report studies the global Embedded Software market, analyzes and researches the Embedded Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market.
https://www.marketstudyreport.com/reports/global-embedded-software-market-size-status-and-forecast-2022/?utm_source=RR-AN
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