Press release
Automotive Embedded System Market to Grow at 6.7% CAGR to Hit USD 7,051.11 Million by 2028 | Global Analysis by The Insight Partners
Automotive Embedded System Market
The automotive embedded system market is projected to reach US$ 7,051.11 million by 2028 from US$ 4,483.81 million in 2021; it is expected to grow at a CAGR of 6.7% from 2021 to 2028.
Automotive embedded system is a computer system for electronic devices, built with the purpose to control the mechanism of data and devices. By using this, it performs in a safer way, resulting in optimization of energy. One of the major driver for the growth of Automotive embedded system market is growing demand for electronic devices as it distributes the power equally which leads to efficiency, less fuel emission and growth in safety regulations.
High power consumption by the system due to very high level of algorithms can be a restraining factor in the market. By the way of changes in system architecture, modifications in software development and enhancement of integrated services will bring new opportunities in the market in coming years.
Get Sample Copy Of this report: https://www.theinsightpartners.com/sample/TIPTE100000606/?utm_source=OpenPR&utm_medium=10096
Companies Profiled in this report includes: Denso Corporation, Continental AG, Panasonic Corporation, Harman International, Delphi Automotive LLP, Mitsubishi Electric Corporation, Robert Bosch GmbH, Garmin Ltd., NXP Semiconductors and Infineon Technologies AG
Impact of COVID-19 Pandemic on Automotive Embedded System Market
The COVID-19 outbreak adversely affected the overall growth rate of global automotive embedded systems market in 2020 to some extent, due to supply and demand disruptions across the automotive value chain. However, with the sudden growth in vaccination drives and continuous updates in COVID-19 safety protocols, the government restrictions are being relaxed, which is likely to boost the production capabilities of both civil and body electronics, thereby normalizing the automotive embedded systems market growth during the forecast period.
Speak to Research Expert @https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000606?utm_source=OpenPR&utm_medium=10096
Market Insight
Increasing Demand for Infotainment Drives Automotive Embedded System Market Growth
With the transforming mobility industry, the scope of infotainment systems is expanding to provide car occupants with greater safety features, additional functionality, and entertainment alternatives. Smartphone connectivity allows users to access messages and information through Wi-Fi and Bluetooth connectivity, making it easier to work on the go. These infotainment systems provide a digital experience in vehicles, with digital assistant, several screens, and various input methods. The incorporation of digital interfaces allows automotive suppliers and OEMs to create interfaces that display real-time data in a more suitable manner. The digital interfaces also confer a wider range of functions, allowing manufacturers to perform a number of safety-critical functions, including ADAS.
Type Segment Insights
An embedded system is a combination of hardware and software components, and is based on a microprocessor or microcontroller that is designed to perform certain tasks in the automotive sector. Automobile embedded software allows drivers to record scalable data to get important insights regarding vehicle performance and drivers' behavior. Embedded automotive software solutions help predict maintenance requirements and avoid automobile accidents. Furthermore, the emergence of connected automobiles is compelling automotive firms to improve their embedded automotive software development capabilities to bridge the gap between a car and a mobility ecosystem, further bringing improvements in vehicle performance based on in-vehicle and beyond-vehicle data. Companies are releasing new software solutions to provide all-around assistance. Intellias provides embedded software services to improve the operation of multimedia systems, in-car networks, telematics, ADAS, body electronics, power train ECU, and transmission ECU components. The vast knowledge of the company allows it to design complicated systems for ECU firmware updates, telematic control unit software, vehicle tracking systems, powertrain controller software, and other comparable systems and components, based on ASPICE-certified methods.
For Buy This Report: https://www.theinsightpartners.com/buy/TIPTE100000606/?utm_source=OpenPR&utm_medium=10096
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Embedded System Market to Grow at 6.7% CAGR to Hit USD 7,051.11 Million by 2028 | Global Analysis by The Insight Partners here
News-ID: 2788303 • Views: …
More Releases from The Insight Partners
Manganese Carbonate Market, Size, Competitors Strategy, Regional Analysis and Gr …
A report has come out that gives an overview of the Manganese Carbonate Industry along with a detailed explanation that provides plenty of insight. The definition of the product/service along with the different applications of this product service in different end-user industries can be found in the overview. There is also plenty of information that highlights the growth trajectory of the Global Manganese Carbonate Market. The information provides a strong…
Aquaponics Products Market, Size, Competitors Strategy, Regional Analysis and Gr …
A report has come out that gives an overview of the Aquaponics Products Industry along with a detailed explanation that provides plenty of insight. The definition of the product/service along with the different applications of this product service in different end-user industries can be found in the overview. There is also plenty of information that highlights the growth trajectory of the Global Aquaponics Products Market. The information provides a strong…
Emerging Trends Shaping the Global Threat Intelligence Security Market
Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Get More Details with Sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPRE00039654?utm_source=OpenPR&utm_medium=10784
Threat Intelligence Security Market: Competitive Landscape and Key Developments:
Anomali Inc.
Datto Holdings Corp.
F Secure Corp.
Farsight Security Inc.
Fortinet Inc.
Intel 471 Inc.
International Business…
Solar Inverters Market Analysis, Size, Share, Growth and Forecast by 2031
A Solar Inverter, also known as a photovoltaic (PV) inverter, is a device that converts direct current (DC) electricity from solar panels into alternating current (AC) electricity that can be used by the electrical grid or local electrical networks. Inverters are a key part of a solar system and are the main connection between the panels and the electrical distribution panel in a house. The conversion makes solar-generated power compatible…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
