Embedded systems are combination of software and hardware run by a program or to perform set of functions within the devices or systems. Technological advancements and price drop in semiconductors are drivers of the global embedded system market. Assistance, control, and monitoring of operations of devices and machinery are applications of embedded systems. These systems enhance productivity. It aids in performance of task in short span with elated overall quality of device or equipment. Improved sales figure of media devices, such as smartphones, laptops, desktops, communications systems, and others is another major booster for the embedded systems market. The awaited launch of 5G can bolster the embedded system market expansion. On the other side, the prices fluctuations of semiconductors can hinder the expansion of the embedded system market. Intervention of internet of things and artificial intelligence are causing disruption in embedded systems, which can favor their market as convenience remains top parameter to decide on purchase, for end-users. Smart city plans and initiatives by governments, across the globe, and especially in APAC are likely to encourage the growth of the market.
Market Research Future (MRFR), a market research firm growing expeditiously, studied the global embedded systems market deploying modern, fail-safe methodologies. MRFR findings state that the global market of embedded system is expected to surge at 5.8% CAGR and value at USD 291.25 Bn by 2025. MRFR studied the worldwide embedded system market by microcontroller performance, functionality, type, and application. Hardware and software are major types of embedded systems. However, based on microcontroller performance, embedded system can be categorized as medium-scale embedded systems, small-scale embedded systems, and large-scale embedded systems. By functionality, the market has been segmented into stand-alone embedded systems, real-time embedded systems, mobile embedded systems, and networked embedded systems. The choice of embedded systems by enterprises depends on the intended work. Embedded system are applied across industries, such as telecommunication, automotive, industrial, healthcare, military & aerospace, consumer electronics, and others
The reliable regional insights offered on the global embedded system market by MRFR aid investors identify potential revenue pockets across the globe. Embedded system market is likely to be at the forefront in the global market. Continuous upgradations of technologies and hefty investment made by regional players are expected to prompt the expansion of embedded market in North America. In Europe, the presence of reputed embedded system developers are expected to cause significant rise in the regional market valuation. The upscaling demand for effective management solutions by the IT sector can also prompt Europe embedded system market growth. In APAC, rapid urbanization and industrial revolutions are primary cause for the expansion of the embedded system market. The surge in smart appliances ownership and the expansion of consumer electronics industry can spur APAC embedded system market.
Segmentation
The global embedded systems market has been segmented based on type, microcontroller performance, functionality, application, and region.
Based on type, the market has been segmented into hardware and software. Among these, the hardware segment accounted for the larger market share due to increasing utilization of mobile phones, laptops and other electronic devices which are being used by consumers and industries for reducing manual work. These systems contain microcontrollers which act as a brain for the system that controls device functionality by processing the data with the help of software integrated within the hardware. The software segment is expected to be the fastest-growing segment due to various advancements in the undelaying technologies and increasing investments by the companies to facilitate the same.
Based on microcontroller performance, the market has been segmented as small-scale, medium-scale and large-scale embedded systems. The small-scale embedded systems are expected to be the fastest-growing segment during the forecast period, due to its application in various consumer electronics including washing machines, ovens, automatic door locks, keyboard controllers and others. The small-scale are the systems consist of the 8-16 bit microcontroller which performs the task at a small scale.
Based on functionality, the market has been segmented as a stand-alone embedded system, real-time embedded systems, mobile embedded systems, and networked embedded systems. The real-time embedded systems led the largest market share in 2018 due to their ability to respond during critical situations. These systems play a crucial role in the medical, military, and other industries. The real-time embedded systems are used in patient monitoring systems, robots, traffic control systems, computer games, and others
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The embedded system market is projected to grow from USD 86.5 billion in 2020 to USD 116.2 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025.Key factors fuelling the growth of this market include an increase in the number of research and development activities related to embedded systems, rise in demand for advanced driver-assistance systems (ADAS) and electro mobility solutions for electric vehicles and hybrid vehicles, increase in demand for portable devices such as wearable’s, and rise in the use of multicore processors in military applications.Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98154672The microcontrollers segment accounted for the largest share of the embedded system market in 2019.In 2019, the microcontrollers segment accounted for the largest share of the embedded system hardware market.
The growth of this segment can be attributed to the increased use of microcontrollers in implantable medical devices, automobile engine control systems, microwave ovens, washers and dryers, security systems, office machines, remote controls, power tools, appliances, and toys.
The demand for microcontrollers is continuously increasing owing to automation in different industries, adoption of IoT in a number of verticals, rise in the global demand for secured applications, and increase in demand for low energy consumption devices.The middleware segment accounted for a large share of the embedded system market in 2019.Among software, the middleware segment accounted for a large share of the embedded system market in 2019.
General-purpose middleware can be used in networking protocols below the application layer and above the device driver layer of open system interconnection (OSI) models or even virtual machines (VM) such as Java virtual machine (JVM).
Moreover, ongoing advancements in sensors and actuators used for industrial automation, energy distribution, transportation, telecommunication networks, and healthcare applications are also driving the demand for real-time embedded systems globally.The medium-scale embedded systems segment accounted for the largest share of the embedded system market in 2019.The medium-scale embedded systems segment accounted for the largest share of the embedded system market in 2019.
Medium-scale embedded systems are used for packet processing in network switches and routers and data processing in ultrasonic sensors.
