Embedded System Market
Embedded systems market is one
of the most robust, and innovative frontier for technological development. In
2007, Barr Micheal, a leading global expert on embedded system said,
the systems were used in over 98% microprocessors used back
then. The market just promises to expand its scope for growth with new
applications like home automation, electric vehicles, and global smart
initiatives like Internet of Vehicle, driven by Internet of Things.
According to TMR experts, the embedded systems market will
reach a valuation of US$338.34 bn by 2021. The market promises
to exhibit notable growth a CAGR of 6.4% during 2019-2027.
Get sample copy of “Embedded System Market” at:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=995
Growth of 5G, and Rising Penetration of IoT to Promise
Tremendous Growth
The advancements in consumer electronics has emerged as a
major positive recently. The technology has enabled developments like Personal
Area Network, advanced personal control to mobile users, and concepts like
smart home automation. Among these, the smart home automation promises
opportunities in many areas including lighting, security, lawn / gardening
management, smart home appliances, advanced home entertainment systems, AI
personal assistants, and HVAC systems. The home automation is expected to receive
a major boost in the near future, as major carries like Verizon have rolled out
5G technology already in key markets like the US. Moreover, the technology has
already been widely adopted in China, wherein the government has driven key
infrastructure developments like IoV on the back of advanced networking
capabilities. One of the biggest pain point or opportunity in the market is
expected to remain the efficiency, and advanced IoT capabilities of these
devices. The rise in home automation can provide new impetus to ailing sectors
like constructions with a boost to home prices, and is increasingly becoming a
necessity due to green legislations for energy efficiency, and sustainable
energy. For example, countries like India, and UK have laid out plans to
replace conventional meters with smart meters in every home. The growth of 5G
also seems promising as key companies like Apple in the US region has acquired
the Intel’s 5G telecom division, which might soon power the adoption of
technology worldwide.
Electric Vehicles Promise to Ride Embedded Systems to New
Heights
The embedded systems market will witness strong growth in
the automobile sector, thanks to promising growth of electric vehicles.
According to TMR analysts, the auto sector will comprise of 18.3% market
share by 2027. This growth isn’t surprising as electric automobiles
require energy efficient and intelligent infrastructure to communicate with key
components like energy grids, sensors, and promise to power the future on the
back of these advancements. According to International Energy Agency, by 2040,
40% of all passenger vehicles will be electric. Moreover, smart and
efficient management of electric vehicle is a major arena for advancement. For
example, Tesla, known to be a leading player in electric vehicles worldwide,
promises nearly 370 miles on a single charge. The company has caught worldwide
attention due to leap forward from the likes of Nissan electric vehicle of
earlier generation, which provided 107 miles per charge. Moreover, the most
electric infrastructure of today still promises major scope for improvement
with energy efficiency, and smart automation.
The global embedded system is segmented based on:
Functionality
- Standalone
Embedded Systems
- Real
Time Embedded Systems
- Networked
Embedded Systems
- Mobile
Embedded Systems
Microcontroller
- Small
Scale Embedded Systems
- Medium
Scale Embedded Systems
- Large
Scale Embedded Systems
Type
- Embedded
Hardware
- Embedded
Software
Applications
- Automotive
- Telecom
- Healthcare
- Industrial
- Consumer
Electronics
- Aerospace
and Defense
Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=995
In the end,
Embedded System industry report specifics the major regions, market scenarios
with the product price, volume, supply, revenue, production, and market growth
rate, demand, forecast and so on. This report also presents SWOT analysis,
investment feasibility analysis, and investment return analysis.
About Us
Transparency Market Research is a next-generation market
intelligence provider, offering fact-based solutions to business leaders,
consultants, and strategy professionals.
Our reports are single-point solutions for businesses to
grow, evolve, and mature. Our real-time data collection methods along with
ability to track more than one million high growth niche products are aligned
with your aims. The detailed and proprietary statistical models used by our
analysts offer insights for making right decision in the shortest span of time.
For organizations that require specific but comprehensive information we offer
customized solutions through ad-hoc reports. These requests are delivered with
the perfect combination of right sense of fact-oriented problem solving
methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific
problems withright methodology of research is the key to help enterprises reach
right decision.
Contact
Transparency Market Research
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
No comments:
Post a Comment