Key requirements for an efficient embedded system include high degree of reliability and responsiveness as well as low cost, since these devices are embedded in safety critical systems. Decreasing prices of microelectronics, which are a key component of embedded hardware, is expected to give impetus to the market in the coming years. The report “Embedded System Market Analysis By Product (Hardware, Software), By Application (Automotive, Telecommunication, Healthcare, Industrial, Consumer Electronics, Military & Aerospace) And Segment Forecasts To 2020,” is available now to
Grand View Research customers and can also be purchased directly at http:// www. Schwarzenegger. Com/industry-analysis/embedded-system-market Further key findings from the study suggest: ; Embedded hardware is expected to remain the dominant product segment and accounted for 93. 8% of the global market in 2013. It includes Digital Signal Processors (ADS), microprocessors as well as microelectronics. Embedded software is expected to grow at the fastest rate of 8. 1% from 2014 to 2020. ; Automotive is expected to continue leading the global market; the segment accounted for 20. 8% of the overall market share in 2013.
This can be attributed to the high electronic content in automotive coupled with growing focus on Hybrid Electric Vehicles (HAVE) for energy efficiency. The market for healthcare applications is expected to be the fastest growing, at a CARR of 7. 1% from 2014 to 2020. ; North America accounted for over 34% of the global market in 2013, and is expected to remain the largest regional market over the next six years. The market in Asia Pacific is marked by the presence of semiconductor fabrication plants such as the Taiwan Semiconductor Manufacturing Company (TM’S); the region also comprises a significant number of killed professionals.
As a result, the market in this region is expected to grow at a CARR of 6. 7% from 2014 to 2020, faster than the global average. ; Companies operating in the global embedded systems market offer embedded software development as well as hardware such as microelectronics and microprocessors. Key industry participants include Reneges Electronics, Intel Corporation, Freestyle Global Embedded Systems Industry 2014 to 2020 – Market Estimate By Gracelessness’s among others.