openPR Logo
Press release

Embedded System Market Is Predicted To Reach USD 214.39 Billion With A CAGR Of 6.3% By 2020 | Million Insights

09-04-2017 08:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Million Insights

Million Insights - World's Fastest Growing Market Research Database

Million Insights - World's Fastest Growing Market Research Database

Industry Insights

The increased investment in automation technologies and growth in sales of electronic devices are key factors that are expected to drive the market. In 2013, the embedded system market was valued USD 140.32 billion and is predicted to reach USD 214.39 billion by 2020 growing at CAGR of 6.3% from 2014 to 2020.

The use of embedded system has increased in many sectors. The Automotive industry is dominating among other industries. Embedded system is application-specific system that ensures accurate and desired functionality. The demand for devices such as smart electric meter is expected to propel the market.

Full Research Report On Embedded System Market Global Analysis available at:
https://www.millioninsights.com/industry-reports/embedded-system-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=openpr_Shree_sep04&utm_content=Content

The demand for smart meter has increased due to its capabilities such as sending accurate reading to suppliers and is expected to increase even more in forecast period. Technological advancement and availability of electronic components at low price will have positive impact on market. Embedded system has numerous applications in various fields; as a result the demand for systems is high. Besides, the demand from areas such as healthcare is expected to fuel market in next six years.

Product Insights

The hardware components used in embedded system dominated the overall market share in 2013. It accounted about 93.8% and is expected to dominate in coming period. Digital signal Processors, microcontrollers and microprocessors are key components used in embedded systems. The software component contains operating system (OS) that act as middleware between system and user. From 2014 to 2020, the segment is expected to grow at a CAGR of 8.1%.

Application Insights

The use of embedded systems in automotive applications was the highest in 2013 and it accounted about 20.8% of market. The use in automotive industry is expected to dominate due to its use in infotainment, engine control and safety. Use of GPS and increasing use of electric vehicles (EV) and hybrid electric vehicles (HEV) is expected to boost the market.

The use of embedded system in healthcare sector is expected to be fast growing at a CAGR of 7.1 from 2014 to 2020. Embedded systems are designed to independently execute specific function. The growth in production and sale of consumer electronics such as smartphones, LED TV’s and other home appliances will help in growth of this sector in next six years. Data acquisition and feedback control system, smart metering system for automation will contribute in growth of the industry.

Request for Free Sample @: https://www.millioninsights.com/industry-reports/embedded-system-market/request-sample

Regional Insights

In 2013, the North America was largest market and is expected to dominate in forecast period. Asia-pacific is expected to grow at a CAGR of 6.7% from 2014 to 2020. The number of trained professional and Taiwan semiconductor manufacturing company (TSMC) is main reason for growth of industry in the region. The use of java in mobiles in-order to develop different applications and to control NFC will eventually boost the market.

Competitive Insights

There are major player in the industry that offers different hardware and software products. Hardware component includes DSP’s, microcontroller and microprocessors. Automobile, consumer electronics, healthcare and telecommunication are sector in which embedded systems are used. Intel corporation, Atmel and Qualcomm, Samsung electronics Corporation are some key players among the established organization.

The global embedded systems market was valued at USD 140.32 billion in 2013 and is expected to reach USD 214.39 billion by 2020, growing at a CAGR of 6.3% from 2014 to 2020.

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/semiconductor

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact Details:
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com

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 Embedded System Market Is Predicted To Reach USD 214.39 Billion With A CAGR Of 6.3% By 2020 | Million Insights here

News-ID: 696242 • Views:

More Releases from Million Insights

Smart Education and Learning Market 2025 Top Player Profiles - Adobe Systems Incorporated, Blackboard, Educomp Solutions, Cisco Systems, Mcgraw-Hill Education, Niit and Pearson PLC
Smart Education and Learning Market 2025 Top Player Profiles - Adobe Systems Inc …
16th October, 2018 - Smart Education and Learning Market is estimated to witness considerable growth over the forecast period owing to increasing number of students opting for distant learning and digital education courses. The market is extensively catering to the requirement of international and government standardization bodies for development and training of workforce in various sectors. The execution of student information systems helps institutions in incorporating student information and enabling
Luxury Sunglasses Market 2022: Key Trends, Driving factors and Growth Rate Analysis
Luxury Sunglasses Market 2022: Key Trends, Driving factors and Growth Rate Analy …
Global Luxury Sunglasses Market is estimated to display a robust growth in the near future due to rising applications and scope across the globe. Luxury Sunglass is a product that performs the main function of preventing the harmful rays of the sun from entering the eyes. It is said to be available in a wide range of varieties as well as for numerous events. In addition, it is regarded as
Thermo Cell Market Future Investments, Business Opportunities, New Trends and to 2022
Thermo Cell Market Future Investments, Business Opportunities, New Trends and to …
Thermo Cell Market is expected to display high growth in forthcoming years. The Thermo Cell Industry is one of its kind generating clean energy from waste heat. A thermo cell comprises an enclosure needing two electrodes coming in contact with an electrolyte. Benefits of a thermocell are that there is no charging required for the device and energy conversion is constant as long as one of the electrodes is kept
Graphite Market Size, Share, Driving Factors, Challenges, Sales and Revenue Forecast to 2022
Graphite Market Size, Share, Driving Factors, Challenges, Sales and Revenue Fore …
The global graphite market is estimated to grow at a CAGR over the forecast period. Increasing demand of graphite in batteries such as lithium ion and aluminum ion batteries is expected to drive the graphite market growth. Graphite is a form of carbon and is considered to be a key material in green technology and hence is expected to be widely used in photovoltaics, energy storage and electronic products. View Full

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and