Methodology Abstract The report covers forecast and analysis for the embedded systems market on a global and regional level. The study provides historic data of along with a forecast from to based on revenue USD Billion. The study includes drivers and restraints for the embedded systems market along with the impact they have on the demand over the forecast period.
Embedded systems are application-specific systems that are designed to meet the requirements of the target system in which they are embedded. Growing demand for devices such as smart electricity meters is expected to drive the global market over the forecast period.
This is mainly because these devices incorporate embedded systems in order to ensure accurate and desired functionality. The demand for smart meters is expected to continue increasing over the forecast period, on account of energy efficiency initiatives on a global level, thus giving impetus to the embedded systems market.
Technological advancement, as well as decreasing prices of microcontroller units, is also expected to favorably impact the market over the forecast period. Embedded systems are used in numerous end-use industries; as a result, increasing demand from application areas such as healthcare and consumer electronics is expected to fuel market growth over the next six years.
Product Insights Embedded hardware accounted for Embedded software comprises operating system OStools as well as middleware. Embedded systems have real-time constraints since they are used for a variety of safety critical purposes.
This has led to the need for efficient software tailored for the target application. This segment is expected to grow at a CAGR of 8. Application Insights Automotive applications accounted for In the automotive space, embedded systems are used for engine control, infotainment, and safety among others.
Increasing demand for vehicles equipped with effective navigation and car-to-road communication capabilities is expected to boost the market in this segment. Furthermore, increasing penetration of electric vehicles EV and hybrid electric vehicles HEV for ensuring emission control is estimated to drive embedded system consumption.
Healthcare is expected to be the fastest growing application, at a CAGR of 7. Portable and handheld medical devices and equipment such as vital signs monitoring systems make extensive use of embedded systems.
Consumer electronics including mobile phones, microwave ovens as well as HVAC heating, ventilation, and air conditioning systems use embedded hardware and software, and the segment is expected to grow faster than the global average over the next six years.
Industrial applications comprise process control, energy, infrastructure, etc. Smart metering systems, as well as data acquisition and feedback control systems for automation, are expected to contribute to the global market for industrial applications. Regional Insights North America was the largest regional market in ; it is expected to maintain its leadership position over the next six years.
This is made possible by the considerable number of trained professionals involved in software development for embedded systems in the region. In addition, the presence of fabrication plants such as the Taiwan Semiconductor Manufacturing Company TSMC has alleviated helped lower manufacturing costs.
Competitive Insights The global embedded systems market comprises a large number of players, divided on the basis of their product offering.
Major hardware components developed include microprocessors, DSPs, and microcontrollers. Companies operating in the market report revenue generation from segments such as automotive, industrial, and multi-market segments such as healthcare, consumer electronics, telecommunication, etc. The global embedded systems market was valued at USD Fujitsu co-creates with customers to help them digitalize with confidence.
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Aim. To train future project managers, department managers and experts in the field of ligthting systems; In an integrated vision from design to production including creative design, optical, mechanical and system design, simulation and virtual prototyping, embedded power and intelligence.