Global
Embedded System Market: Snapshot
The applications of embedded
systems have increased drastically over the past years, especially in
the automotive industry. Multi-core technologies are being
appreciated and are now in great demand across various industry
verticals. Embedded graphics systems have now become a mainstay in
consumer electronics, which is another industry growing at an
exceptional rate.
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Healthcare, defense,
aerospace, and telecommunications are other industries where the use
of embedded systems is bringing about a sea of changes for the
better. Embedded systems are also finding a wide range of use in the
current high demand concept of smart electronics and connected
devices. The cumulative growth in demand for embedded systems through
all these application industries is expected to be a high impact
driver for its global market and all its players.
There is, however, a major
constraint on the production of embedded system, and that is the set
of complications that arise on real time embedded systems
implementations. Real time applications impose a very high strain on
embedded systems that are already restricted by regulatory concerns
over cooling, weight, power, size, and reliability. This can be
mitigated to a large degree through the implementation of modern
low-energy consumption embedded systems and low performance
controller applications.
The revenue generated in the
global market for embedded systems is, as a result, expected to
progress at a strong CAGR of 6.4% from 2015 to 2021. This market is
expected to reach US$233.19 bn by the end of 2021.
North
America’s Lead over Embedded Systems to Prevail
By the end of 2021, the demand
for embedded systems in North America is expected to generate a
revenue of US$89.87 bn, which will be the leading share at the time.
The demand for embedded systems in this region has always been very
high due to a head start this region gained from early penetration in
the U.S. This region has housed a great number of the key players
currently functioning in the global market, including Intel
Corporation, Texas Instruments, and Freescale Semiconductor. The high
level of research and development efforts taken by these companies
has increased the self-reliance of the embedded systems market in
North America and eventually had a positive impact on the global
market as well.
Asia Pacific held the second
place in the top revenue generating regions for embedded systems
players in 2014 and is expected to retain its position till 2021.
China, Taiwan, South Korea – to name a few – are well on their
way towards large scale implementation of modern embedded systems in
automotive and consumer electronics industries. The region is
expected to see a boom in the demand for embedded systems in the
healthcare sector over the coming years.
Auto
Sector to Remain High-value Industry for Embedded Systems
The demand for embedded
systems in the automotive industry is expected to take up 18.3% of
the market value by 2021. This will be a leading share, similar to
this industry’s share in market value in 2014. Automobiles are one
of the more perfect application fields for embedded systems due to
the small size of these systems. They can easily fit into various
components in a car, which has led to car makers evolving their
designs and concepts around the use of embedded systems and other
electronics.
The true value of embedded
systems has only been realized by industries over the past few
decades. The increase in mobility that embedded systems provide in
the industries of automotive, defense and aerospace, and consumer
electronics is quite massive and it does not seem to be diminishing
any time soon. Embedded systems have come a long way from their use
in business-critical and safety-critical applications and are now
being used in products that are designed around them.
The top providers of embedded
systems across the globe include Renesas Electronics Corporation,
Freescale Semiconductor, Samsung Electronics Corporation, Atmel
Corporation, Infineon Technologies, STMicroelectronics, Fujitsu,
Microchip Technologies, and Texas Instruments.
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