Press release
Embedded System Market Size in Automotive Segment is Expected to Cross USD 50 Billion by 2023
Embedded System Market
To access a sample copy or view the embedded system market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/117
The major players operating in the market-
1. Altera
2. Arm
3. Atmel Corporation
4. NXP acquires Freescale Semiconductor
5. Infineon Technologies
6. Intel Corporation
7. Microchip Technology Inc.
8. Microsoft
9. NXP Semiconductors
10. Renesas Electronics
11. Samsung Electronics
12. STMicroelectronics
13. Texas Instruments
Embedded System Market is estimated to grow over a CAGR of 5% from 2016 to 2023. Increasing demand from the healthcare sector will fuel the electronics industry. Rising demand for affordable health care equipment such as blood glucose level monitors, heart rate monitors and ECG signal displays will further fuel the industry growth.
Internet of Things (IoT) is an emerging technology which consists of various devices such as sensors, connectivity, software, and electronics for effective communication within the network. IoT devices adoption will grow exponentially over the years. Compliance of data communication standards improves interoperability of the unit. Electronic setups and data management tools are employed to enable IoT further empowering the embedded system market growth.
The need for high performance of electronic units has resulted in development of multicore processors wherein the advanced technology increases the speed of equipment functionality. It consumes more power, thereby dissipating thermal energy. Wireless connectivity enhances the functioning of electronic and mechanical units. Innovations in electronic units providing robust solutions will steadily boost the embedded system industry.
Protection of electronic units from undesired issues such as data privacy or theft and security against unauthorized software is required to safeguard the personal information. Security concerns against theft and data hackers may pose a threat for embedded system market demand over the coming years.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/embedded-system-market
Hardware holds major industry share and is predicted to grow at a CAGR of over 5.5% over the forecast timeline. Software segment is anticipated to be valued at over USD 15 billion by 2023. Software includes middleware, tool and operating system. Adoption of Java in smart devices controls proximity communication and image recognition technology will spur the embedded system market.
The industry is highly consolidated with few players dominating the majority share. The competitors in this industry includes Altera, Intel, Atmel Corporation, Microchip Technology, Renesas Electronics, Microsoft Corporation, NXP Semiconductors and others. In 2014, Renesas Electronics held 25% of the industry share and offers variety of components in the embedded system market.
Browse Related Report : - Application Delivery Controller Market Size: Key Trends and Opportunities Analysis by 2025
https://www.marketwatch.com/press-release/application-delivery-controller-market-size-key-trends-and-opportunities-analysis-by-2025-2019-07-16
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