Embedded System Market was valued
USD 140.32 billion and is predicted to reach USD 214.39 billion by 2020 growing
at CAGR of 6.3% from 2014 to 2020. The increased investment in automation
technologies and growth in sales of electronic devices are key factors that are
expected to drive the market. The use of embedded system has increased in many
sectors. The Automotive industry is dominating among other industries. Embedded
system is application-specific system that ensures accurate and desired
functionality. The demand for devices such as smart electric meter is expected
to propel the market.
The demand for smart meter has increased due to its
capabilities such as sending accurate reading to suppliers and is expected to
increase even more in forecast period. Technological advancement and
availability of electronic components at low price will have positive impact on
market. Embedded system has numerous applications in various fields; as a
result the demand for systems is high. Besides, the demand from areas such as
healthcare is expected to fuel market in next six years.
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The hardware components used in embedded system dominated
the overall market share in 2013. It accounted about 93.8% and is expected to
dominate in coming period. Digital signal Processors, microcontrollers and
microprocessors are key components used in embedded systems. The software
component contains operating system (OS) that act as middleware between system
and user. From 2014 to 2020, the segment is expected to grow at a CAGR of 8.1%.
Application Insights
The use of embedded systems in automotive applications was
the highest in 2013 and it accounted about 20.8% of market. The use in
automotive industry is expected to dominate due to its use in infotainment,
engine control and safety. Use of GPS and increasing use of electric vehicles
(EV) and hybrid electric vehicles (HEV) is expected to boost the market.
The use of embedded system in healthcare sector is expected
to be fast growing at a CAGR of 7.1 from 2014 to 2020. Embedded systems are
designed to independently execute specific function. The growth in production
and sale of consumer electronics such as smartphones, LED TV’s and other home
appliances will help in growth of this sector in next six years. Data
acquisition and feedback control system, smart metering system for automation
will contribute in growth of the industry.
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The global embedded systems market was valued at USD 140.32
billion in 2013 and is expected to reach USD 214.39 billion by 2020, growing at
a CAGR of 6.3% from 2014 to 2020.
Market Segment:
Embedded Systems
Product Outlook (Revenue, USD Billion, 2012 - 2020)
• Embedded
Hardware
• Embedded
Software
Embedded Systems
Application Outlook (Revenue, USD Billion, 2012 - 2020)
• Automotive
• Consumer
Electronics
• Healthcare
• Industrial
• Military and
Aerospace
•
Telecommunication
• Others
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