Embedded Systems Market: Global Product Intelligence, Industry Analysis, Size, Share, Growth, Trends and Forecast - 2024research report entitled Embedded Systems Market (by microcontroller (small scale (8 bit -16 bit), medium scale (16 bit -32 bit), large scale (32 bit -64 bit)), functionality (standalone embedded systems, networked embedded systems), component (embedded hardware, software), applications (automotive, telecommunication, healthcare, industrial)) provides complete and deep insights into the market dynamics and growth of Embedded Systems. Latest information on market risks, industry chain structure Embedded Systems cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Embedded Systems growth factors.
The forecast Embedded Systems Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Embedded Systems on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global embedded systems market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.
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Numerous Applications Offered by the Embedded System to Promote the Growth of Embedded System Market
The embedded system has numerous applications across various fields such as digital electronics, telecommunications, computing network, smart cards, satellite systems, military defense, research systems, and so on. Nowadays, various consumer devices depend on embedded communication and networking infrastructure. Embedded system is vastly used in the numerous consumer electronics applications including Personal computers, mobile tablets and smartphones, web-enabled TVs, and many others. The rapidly growing consumer electronics industry across the world drives the growth of embedded system market.
The rising adoption of embedded systems in the automotive industries is likely to escalate the growth of embedded system market worldwide. Nowadays, electronics systems are largely replacing the various mechanical systems in the automotive sector. The major electronics systems used in the automotive industry are embedded systems including Anti-lock Braking System, Satellite Radio, Navigation Systems, Drive by Wire and many other. In addition, rising consumer’s interest in wearable devices and smart Appliances are anticipated to boost the growth of embedded system market.
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North America Holds the Maximum Share in the Embedded System Market Followed by Asia Pacific Region
North America holds the maximum share in the embedded system market followed by Asia Pacific region. The growing use of IoT in various industries in North America region drives the market of embedded system in this region. Furthermore, the presence of leading players in the embedded system market across the North America region including Intel Corporation and Texas Instruments contributes to the growth of the embedded system market. In addition, the trending smart home applications, developing industrial and healthcare infrastructure in the Asia Pacific region are likely to boost the growth of embedded system market in this region.
UNO Minda to Acquire German Embedded System and Software Major iSYS RTS
In July 2018, Minda Industries, the flagship company of the UNO Minda Group, is to acquire Germany-based iSYS RTS, a leading developer of embedded systems and software to global vehicle manufacturers. The agreement, which is subject to customary closing conditions and regulatory approvals, is expected to be completed by the second quarter of FY2018. iSYS RTS develops embedded systems as well as hardware and software components for global OEMs.
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OKW has unveiled a New Enclosure for Embedded PCs and Systems
In July 2018, OKW has unveiled a new embedded systems version of its sophisticated SMART-TERMINAL enclosures. SMART-TERMINAL is designed for peripheral and interface equipment, communications, safety engineering, biometrics, medical and laboratory technology, and control engineering. The new embedded version features flat aluminum end plates instead of the recessed plastic end covers and seals supplied with other SMART-TERMINAL versions. This reduces the case costs as the added protection provided by the more expensive covers and seals, which is not required for embedded PC applications. Each end plate is held in place by four readily accessible screws that sit flush in countersunk holes.
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