Embedded Software (Real Time Operating System [RTOS]) Market Size By Application (Automotive, Healthcare, Consumer Electronics, Military & Defense, Industrial, Telecommunication), By Programming Language (C, C++, Assembly, Java, .NET), Industry Analysis Report, Regional Outlook (U.S., UK, Germany, China, India, Japan, Brazil), Application Potential, Competitive Market Share & Forecast, 2016 - 2023

Published Date: June 2016 | 92 Pages | Report ID: GMI478 Report Format: PDF

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Industry Trends

Embedded Software Market size was valued at USD 10.46 billion in 2015 and is anticipated to grow at over 7% CAGR from 2016 to 2023. Rising demand from automotive and consumer electronics sector is forecast to propel (RTOS) real time operating system market growth over the forecast timeframe.

U.S. Embedded Software Market Size, By Application, 2012-2023 (USD Billion)

U.S. Embedded Software Market Size, By Application, 2012-2023 (USD Billion)

This software, part of the embedded system market, is mainly deployed in developing telematics products and also helps in providing in-vehicle infotainment for automotives. It provides consumers with numerous in-car features such as navigation, entertainment, external communications as well as internet-based services. It provides maximum assistance to vehicle safety by monitoring systems such as tire inflation, airbag and ABS (antilock braking systems).

In addition, it offers effective data communication for various other features such as anti-theft systems as well as remote keyless entry. These attributes are forecast to be a key buying criterion for automotive customers and fuel the global embedded software market size from 2016 to 2023.

Increasing penetration of EVs (electric vehicles) and HEVs (hybrid electric vehicles) in the industry will have substantial impact on embedded software industry trends, over the next seven years. Escalating demand for highly developed applications and features is likely to fuel growth. The product offers high-speed data throughput and also ensures minimal latency during data sharing. It offers appropriate software integration, high interoperability, and tremendous effective performance for digital home devices. These also offer high compatibility with Internet Protocol (IP) such as IPv4 or IPv6 and allow user to remotely control device.

Increasing adoption of wearable embedded devices across numerous applications such as fitness, medical, safety and security is likely to drive embedded software market trends. These devices provide high performance features for next generation applications for smart wearable devices. It allows manufacturers to develop sophisticated devices with high power-efficiency, fast performance and high productivity. Rising consumer demand for electronic devices such as tablets, smartphone as well as computers is projected to offer high potential to embedded software market size.

Escalating innovation as well as technological advancements in the industry is expected to reflect positive impacts in effectively minimizing power consumption rates and thus decrease energy utilization. These sophisticated systems are capable of successfully identifying critical process and thus allocate power supply accordingly. It aids in saving a lot of energy by putting hardware in sleep mode when not in use. Furthermore, it also detects ideal processes and turns them off and also adjusts processor speed as per the demand. This in turn is likely to condense the component power consumption rates, making them more energy efficient and reflect considerable positive impacts on energy saving.

Effective implementation of these systems aids in cost optimization across numerous industry sectors such as telecommunication, automotive, and consumer electronics. These also assist in improvising early detection factor, lower maintenance cost and shorten the development schedules, thus facilitate in cost optimization. Furthermore, it also helps in increasing sales as well as market share by effectively determining value and risk involved with the product This in turn is predicted to propel embedded software market growth.

Embedded software has the tendency of autonomously communicating with other devices, which may pose high risk to data. For instance, the antilock braking and traction control systems in automotives are controlled by software networked with the set of processors. Even a minor failure of any of these networked systems may pose a significant risk to passengers in the vehicle as well as tremendous risk for the company leading to product recall and lawsuits.

Embedded Software Market, By Application

Automotive sector was valued at USD 1.24 billion in 2015 and is expected to witness substantial growth prospects over the forecast period. The segment is predicted to grow over 8% CAGR from 2016 to 2023. Rising demand for in-vehicle infotainment systems is predicted to justify embedded software market growth, over the forecast period. Furthermore it provides wide range of features such as entertainment, navigation, internet based services, external communications and safety & security.

Consumer electronics sector is forecast to exceed USD 4.0 billion by 2023 and is estimated to grow at 7.7% CAGR from 2016 to 2023. Growth in the segment can be attributed to rapidly growing adoption of electronic devices such as tablets and smartphones.

Embedded Software Market. By Programming Language

C language is estimated to grow at 6.9% CAGR from 2016 to 2023. The segment is forecast to continue its dominance and is likely to be valued over USD 11 billion by 2023. This can be credited to its short run-time and its direct access to API (application program interface). C++ language is likely to grow at over 8% CAGR from 2016 to 2023.

Embedded Software Market, By Region

U.S. embedded software market share accounted for over 68% of the regional industry in 2015. It is anticipated to continue its dominance over the next seven years owing to presence of large number of industries across the region.

Europe embedded software market size was over USD 3 billion in 2015, with steady growth expectation over the next few years.

Asia Pacific, stimulated by China, Japan and India embedded software market, is forecast to grow at 8.5% CAGR. This is primarily due to high demand across numerous application areas and the existence of large number of fabrication plants.

Competitive Market Share

Industry participants include Advantech, Altera, ENEA, Express Logic and Green Hills Software.

Other prominent industry partners are IBM, Infineon, Intel, Xilinx, Johnson Matthey, LG CNS, Mentor Graphics, Microsoft, Mitsubishi Electric, National Instruments, NXP Semiconductors, RadiSys, and Segger Microcontroller Systems

Embedded Software Industry Background

Embedded software is mainly designed to run specialized particular hardware and systems that have memory and time constraints. These are also known as firmware, as it can be applied to ROM-based code on computer system. It offer tremendous stable and precise characteristic features due to which it does not allow access to all the functions via a human interface but through the machine-interface.


What Information does this report contain?

Historical data coverage: 2012 to 2015; Growth Projections: 2016 to 2023.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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