Northbrook, IL -- (SBWIRE) -- 10/01/2018 -- Driven by the increasing adoption of embedded systems in the automotive industry, use of multicore processor technology in military applications, growing market for wearable devices, increase in usage of embedded systems in smart appliances of smart homes, and rising demand for embedded systems in healthcare equipment, the embedded systems market is likely to witness a high growth in the coming years.

The embedded systems market was valued at USD 84.55 Billion in 2016 and is expected to grow at a CAGR of 4.05% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the market based on hardware, software, application, and region. The report provides detailed information regarding the major factors influencing the growth of the market.

The research methodology used to estimate and forecast the embedded systems market begins with obtaining data through secondary research such as journal, newsletters, and whitepapers of the leading players in this market. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which has been verified through primary research by conducting extensive interviews with officials holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

To know about the assumptions considered for the study, Download the PDF Brochure

The players involved in the embedded systems market are Intel Corporation (US), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), Microchip Technology Incorporated (US), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies Incorporated (US), Cypress Semiconductor Corporation (US), Analog Devices Inc. (US), Broadcom Limited (US), Fujitsu Limited (Japan), NXP Semiconductors N.V. (Netherlands), and Toshiba Corporation (Japan).

Target audience of the report:

1. Embedded systems component manufacturers
2. Original device manufacturers (ODMs)
3. Original equipment manufacturers (OEMs) of embedded systems
4. Assembly, testing, and packaging vendors
5. Operating system and middleware developers
6. Distributors and traders
7. Research organizations
8. Organizations, forums, alliances, and associations related to embedded systems

This study answers several questions for the stakeholders, primarily regarding the market segments to focus on in the next two to five years for prioritizing efforts and investments.

Scope of the report:

This research report categorizes the overall embedded systems market based on hardware, software, application, and geography.

1) Embedded Systems Market, by Hardware

a) Application-specific Integrated Circuit (ASIP)/Application-specific Standard Product (ASSP)
b) Microcontrollers
c) Microprocessors
d) Power Management IC (PMIC)
e) Digital Signal Processors (DSP)
f) Field Processing Gate Arrays (FPGA)
e) Memory

2) Embedded Systems Market, by Software

a) Middleware
b) Operating System

3) Embedded Systems Market, by Application

a) Communications
b) Consumer Electronics
c) Energy
d) Healthcare
e) Automotive
f) Industrial
g) Aerospace & Defense

4) Embedded Systems Market, by Geography

a) Americas
b) Europe
c) Asia Pacific (APAC)
d) Rest of the World (RoW)

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