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Embedded Software Market Size, By Operating System (General Purpose Operating System (GPOS), Real Time Operating System (RTOS)), By Function (Standalone System, Real Time System, Network System, Mobile System), Application & Forecast, 2023 - 2032
- Report ID: GMI478
- Published Date: Jan 2023
- Report Format: PDF
Industry Drivers
Embedded Software Market size exceeded USD 15 billion in 2022 and is poised to exhibit over 9% CAGR from 2023 to 2032, due to the rapid rise in AI and ML tech innovations.
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With steady technological advancement, the deployment of deep and machine-learning models in device software has increased. Embedded sensor-power systems, when fed with real-time data, can be trained to help recognize potential issues in hardware devices. The adoption of ML and AI tech in embedded software systems will therefore rise, to track and inspect defects and production assets of interconnected facilities. In recent years, government bodies have also been taking strategic initiatives to boost AI evolution.
Citing an instance, in May 2022, the U.S. DOE established the inaugural Artificial Intelligence Advancement Council, the first-of-its-kind, leading AI governance, innovation, and ethics charter. The growing reliance on AI technology, alongside 5G network expansion, will create lucrative growth opportunities for embedded software developers worldwide. However, prolonged device lifecycle, unreliable security updates, attack replication, and remote deployment can make embedded systems vulnerable to attacks.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 15 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 9% |
| 2032 Value Projection: | USD 40 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 386 |
| Segments covered: | Operating System, Function, Application |
| Growth Drivers: | |
| Pitfalls & Challenges: |
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Emphasis on automotive tech integration bolsters embedded software system production
Embedded software market size from the automotive application segment is projected to cross USD 8 billion by 2032, attributed to the rise in R&D spending on autonomous driving and ADAS technologies. Automakers such as Continental have also been targeting to add self-driving ADAS features in entry-level cars, especially in India and other emerging economies. Additionally, strategic alliances to facilitate the integration of automotive tech including in-vehicle entertainment systems and electric powertrains will promote the adoption of automotive embedded software systems.
Increased output and other key attributes to bolster RTOS use in embedded systems
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The embedded software market share from the real-time operating system segment is slated to depict over 10% CAGR through 2032, on account of the system’s broad application scope including flight control, telephone switching equipment, industrial control, and real-time simulations. The demand for VxWorks RTOS, for example, is increasing rapidly, considering the ability of the technology to save money and accelerate production. Furthermore, advantages such as maximum utilization of systems and devices and high output will escalate the usage of RTOS in embedded systems.
Growing consumption of Android consumer electronics to stimulate embedded system development
The embedded software market value from the mobile system functions segment will reach USD 8 billion by 2032, credited to the increasing usage of consumer electronics based on Android operating systems including tablets, smartphones, and wearable electronics. Chip developers have also expanded their product offerings over recent years. For instance, in November 2022, Qualcomm unveiled the Snapdragon 8 Gen 2 chipset, designed to power premium smartphones.
Chip facility expansion projects to boost embedded software requirement for electronics in APAC
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On the regional front, the Asia Pacific region held a 25% share of the global embedded software market in 2022, as a result of the expansion of semiconductor manufacturing facilities. For example, in February 2022, Toshiba Electronic Devices & Storage Corporation constructed a 300-millimeter wafer fabrication plant for power semiconductors at Kaga Toshiba Electronics Corporation in Japan. Such initiatives will result in the burgeoning production of consumer electronics including smartphones and in turn, strengthen the industry outlook. Furthermore, the expanding network of consumer electronics manufacturers in major Asian countries such as Taiwan, China, and Japan are also expected to drive the regional market growth.
Innovative product range expansion strategies to define the competitive landscape
Some of the leading companies involved in the embedded software market include Xilinx, Via Technologies, Inc., Toshiba Corporation, Texas Instruments, STMicroelectronics, Siemens, SEGGER, Renesas Electronics Corporation, National Instruments Corp., Mitsubishi Electric Corporation, Microsoft, L&T Technology Services Limited, Intellias Ltd., Intel Corporation, IBM, Emerson Electric Co., Green Hills Software, Advantech Co., Ltd., and Accenture. Strategic mergers and acquisitions and product range expansions are among the key initiatives being undertaken by these companies to reinforce their market presence.
For instance, in June 2022, Renesas Electronics Corporation introduced two cloud development kits, the CK-RA6M5 and CK-RX65N, designed to offer a full connectivity solution for the RX and RA Families of 32-bit microcontrollers. These kits were intended to be equipped with the Renesas RYZ014A Cat-M1 module that can establish wireless connections between cloud services and MCUs without the use of a gateway, enabling the company to boost its presence in the industry.
Impact of COVID-19 on embedded software industry trends
Due to the economic downturn following the COVID-19 outbreak, many automotive consumers have had to defer plans to purchase vehicles globally. However, there has been a gradual shift in interest toward electric vehicles in recent years, which is anticipated to improve automotive demand. Based on data from Mobility Outlook, in 2022, 40% of 2-wheeler customers were willing to buy EVs, a slight increase from 2021. Such trends will contribute to the demand for embedded ADAS software and consequently assert a positive impact on the embedded software industry dynamics over the forthcoming years.
This embedded software market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments: Click here to Buy Section of this Report
Market, By Operating System:
- General Purpose Operating System (GPOS)
- Windows
- Linux
- Android
- Others
- Real-time Operating System (RTOS)
- VxWorks
- QNX
- FreeRTOS
- ARM Mbed
- Others RTOS
- Others
Market, By Function:
- Standalone system
- Real-time system
- Network system
- Mobile system
By Application:
- Automotive
- Consumer electronics
- Manufacturing
- Healthcare
- Military & defense
- IT & Telecom
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- GCC
- South Africa
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