A cross sectional study of the global embedded system market broadly across four geographical segments has also been covered under the scope of the study.
Albany, NY -- (SBWIRE) -- 10/18/2016 -- The global market for embedded system has been covered under the scope of this report. Embedded systems can be defined as application-specific, special purpose systems and they are designed typically for meeting real time constraints. They have experienced an intensive period of maturation since its inception. These systems came into existence with the invention of microcontrollers and since then they have been designed for machine control applications and various new verticals with the convergence of communication.
The global embedded system market is primarily driven by factors such as increasing application of embedded systems in the automobile industry, increasing demand for embedded systems with multi-core technologies and embedded graphics. Moreover, increasing demand for smarter and power efficient electronic devices has positively impacted the growth global embedded systems market. Widespread application of these systems in various application areas such as automotive, space, aeronautics, rail, electronic payment solutions, and mobile communication among others is set to bolster the growth of the global market. In addition, automation in energy metering with the advent of smart meters that enable two-way communication, is also a major propeller for industry growth. Considering these positive factors, the demand for embedded systems is set to rise during the forecast period from 2015 - 2021.
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Based on functionality, the global market can be segmented into four segments, namely stand alone, real time, networked and mobile. Real time embedded systems garnered the maximum revenue in 2014. The key growth driver for real-time embedded systems is their deployment in a diverse range of applications including automotive, consumer electronics, industrial automation and household appliances among others.
Embedded system market, by microcontrollers is classified as small scale, medium scale and large scale embedded systems. Medium scale segment was used extensively among all mentioned applications, accounting for a substantial share of the overall market in 2014. The microcontrollers used in medium scale embedded systems help to reduce size, cost and power consumption of the systems and most of the advanced embedded systems are based on medium scale.
By types, the embedded system market has been classified as embedded hardware and embedded software. Embedded hardware held a substantial share of the global market in 2014. The key growth driver for embedded hardware segment is the increasing demand for advanced features and improved functionality of embedded systems.
The global embedded system market by applications is divided into seven segments, namely: automotive, telecommunication, healthcare, industrial, consumer electronics, aerospace and defense, and others (including government, office automation, and retail). The automotive segment was the largest contributor in the embedded system market in 2014 and is expected to retain its position throughout the forecast period. The extensive usage of embedded systems in various applications in automobiles ranging from wiper controls to complex anti lock systems, infotainment systems, engine control unit, and car-area-network (CAN) among others is fuelling the growth of this application area.
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Embedded system market has been bifurcated geographically into four regions: North America, Europe, Asia Pacific and Rest of the World. North America occupied the largest share of the market in 2014 accounting for 36%. Increasing demand for superior quality embedded software is the main factor which boosting the growth of this market in North America. Additionally, large deployments of smart meters and smart grids have also been positively impacting the market. Asia Pacific acquired the second largest share of the market globally and accounted for 30.6% in terms of revenue in 2014. Countries such as China, Taiwan, and South Korea are adept at embedded system production, and are also key markets for consumer electronics and automotives.
Some of the major players in the market are: Atmel Corporation (U.S.), Freescale Semiconductor, Inc. (U.S.), HCL Technologies, Ltd. (India), Intel Corporation (U.S.), Infosys, Ltd. (India), Infineon Technologies AG (Germany), Microsoft Corporation (U.S.), NXP Semiconductors (Netherlands), Renesas Electronics Corporation (Japan), and Texas Instruments, Inc. (U.S.) among others.
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