Embedded System Market Trends

Embedded System Market: Technological Advancement & Growth Analysis with Forecast to 2023

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MarketStudyReport.com Adds New Embedded System Market 2016 – 2023 research report providing information and data By Application, By Product, Industry Analysis, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast spreading across 110 Pages with table and figures in it.

Embedded System Market Research Report for the period of 2016-2023 that shows the growth of the market is rising at a 5.6% CAGR to 2023.

Embedded system market size is likely to be valued USD 258.72 billion by 2023. Mounting need mainly from application sectors such as healthcare as well as automotive is expected to drive demand. In addition, emergence of IoT is anticipated to fuel industry growth. Technology innovation in wireless communications, software and digital processing is expected to positively impact embedded system market size. Systems that effectively and efficiently drive the electronic contents within vehicles have also increased significantly in automotive sector. This assists safety systems on the highest priority by monitoring parameters such as tire inflation, antilock braking systems, remote keyless entry, antitheft and airbag systems. However, security risks related to the systems is anticipated to hinder the industry growth.

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Embedded hardware system market size was valued USD 154.82 billion in 2015 and is anticipated to observe significant gains, with USD 240.11 billion at a CAGR of 5.5% from 2016 to 2023. Technological innovation and advancement in emerging nations such as Russia, India, China, Brazil and Taiwan is likely to spur growth. Embedded software was valued at USD 10.46 billion in 2015, and is anticipated to attain USD 18.61 billion by 2023, at an estimated CAGR of over 7.3% over the forecast period.

Global embedded system market size was valued USD 165.28 billion in 2015 and is anticipated to attain USD 258.72 billion by 2023 at 5.6% from 2016 to 2023.

Automotive sector valued USD 34.64 billion in 2015 which is likely to attain USD 56.04 billion by 2023, growing at a CAGR of 6% from 2016 to 2023. Increasing acceptance of hybrid as well as electric vehicles in order to control emissions is likely to fuel the industry growth. Healthcare sector is likely to grow at a CAGR of 6.3% over the next few years. Rising need for portable medical devices in this application is predictable to boost the global growth.

U.S. embedded system market share dominated the regional demand, accounting for over 30% of total revenue in 2015. Asia Pacific is anticipated to grow at a CAGR of 6% up to 2023. This can be attributed to the presence of fabrication plants in the region.

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Moderately competitive industry consists of top four manufacturers accounting for more than 50% of the embedded system market share. Key manufacturers include Infineon Technologies, Freescale Semiconductor, Atmel Corporation, Renesas Electronics, Samsung, STMicroelectronics, Texas Instruments and Microchip among others.

Table of Content:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Embedded System Industry Insights

Chapter 4 Embedded System Application Insights

Chapter 5 Embedded System Product Insights

Chapter 6 Embedded System Regional Insights

Chapter 7 Company Profiles

More Report At: http://www.openpr.com/news/archive/144590/marketstudyreport-com.html

Related Report:

United States Automotive Embedded System Market Report 2018

In this report, the United States Automotive Embedded System market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-automotive-embedded-system-market-report-2018/?utm_source=RR-PSR

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Embedded System Market Size Use (Automotive, Industrial, Consumer Electronics, Telecommunication, Healthcare, Military & Aerospace) to 2023

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MarketStudyReport.com adds “Embedded System Market Size by Application (Automotive, Industrial, Consumer Electronics, Telecommunication, Healthcare, Military & Aerospace), By Product (Software, Hardware) Industry Outlook Report, Regional Analysis, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” new report to its research database. The report spread across 110 pages with table and figures in it.

The digitalization trend to revolutionize the very face of the embedded system market
Global Market Insights Inc. announces the release of a comprehensive research report on Embedded Systems. The report projects the market to witness burgeoning growth and surpass US$258.72 billion by 2023. Smart grid initiatives, rising investments in automation technologies and persistent growth in consumer electronic devices segment is likely to drive the demand.

Following are the projected key trends

– Designing Secure Systems on Focus
– Emergence of M2M Communication drives Demand for Embedded M2M Solutions
– Smart devices and vehicles open up the application avenues
– Growing Role of Electronic Control and Signaling in Railway Networks creates prospects
– Advancement in Medical and Healthcare Boosts Market Opportunities

Browse full table of contents and data tables at http://www.marketstudyreport.com/reports/embedded-system-market-size-by-application-automotive-industrial-consumer-electronics-telecommunication-healthcare-military-aerospace-by-product-software-hardware-industry-outlook-report/

Embedded system is a combination of computer software and hardware specifically designed or programmed to execute a particular function. It plays an important role in almost every electronic device. An MP3 player, cell phone, control menu on TV systems, are a few examples of day to day applications of this system. It is found wide acceptance in every sector including automobiles, Industrial machines, cameras, medical equipment, airplanes, household appliances, toys, vending machines, and many more. It is a key enabler of a smart device. The advent of semiconductor technology has led to declining costs of microprocessors together with reduced manufacturing costs have contributed to widen the horizon of advanced microcontrollers’ applications.

Consumer electronics is one of the key end-use sectors for this market. Proliferation of smart devices like smart phones, LED TVs, electronic and home appliances is likely to open new avenues for the market. At present, the consumer electronics sector is witnessing significant growth owing to technology trends like mobility, miniaturization and digitalization. Furthermore, growing demand for smart living with smart devices like advanced gaming consoles, portable devices like video players, sophisticated digital cameras, and home appliances including dishwashers, refrigerators, dryers, washing machines, air conditioners, and electric cookers is anticipated to fuel the market growth.

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North America embedded system market size is projected to be worth 84 billion at a growing CAGR of 5.7% in the near future. Europe is anticipated to pick up the pace during the projected period and surpass USD 62 billion over the predicted time frame.

Asia Pacific market is likely to register USD 81 billion by 2023 owing to the largely available skillful professionals in software development.

Key participants of the moderately competitive market include Renesas Electronics, Freescale Semiconductor, Microchip, Infineon Technologies, Atmel Corporation, Samsung, STMicroelectronics and Texas Instruments.

 

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