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Embedded System Market Size, By Component (Hardware, [ASIC & ASSP, Microcontroller, Microprocessor, Power Management Integrated Circuit (PMIC), Field Programmable Gate Array (FPGA), Digital Signal Processor (DSP), Memory], Software (OS, Middleware)], By Function (Standalone System, Real-Time System, Network System, Mobile System), By Application (Automotive, Consumer Electronics, Manufacturing, Retail, Media & Entertainment, Military & Defense, Telecom), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI117
  • Published Date: Mar 2020
  • Report Format: PDF

Industry Trends

Embedded System Market size valued at over USD 100 billion in 2019 and is anticipated to grow at a CAGR of more than 6% between 2020 to 2026. The rising trend of automation in the manufacturing sector to minimize energy, material, and labor waste is likely to accelerate the demand for the market.
 

Embedded System Market Overview

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In manufacturing, these embedded systems work as a programmable operating system that performs several tasks including adjusting temperature, driving, motors, networking equipment, and controlling assemble line speed. These systems are also used to monitor, control, and assist the operation of equipment, machinery, and plants.
 

The industry players are continuously innovating new products to meet the growing demand for industrial automation, thereby gaining a competitive edge in the embedded system market. Furthermore, major market leaders are also implementing various business strategies to expand their businesses with the aid of industrial automation that provides high market opportunities for embedded systems.
 

Growing vehicle safety applications to foster the demand for operating systems

Embedded software segment is projected to witness 4% growth rate through 2026 due to its wide adoption in the automotive sector, offering a high scale of flexibility & reliability for several vehicle applications. The common operating software used in the embedded system are C, C++, and ADA, while some specialized systems require Windows CE, Linux, Nucleus RTOS, and OSE.
 

Additionally, the rising demand for enhanced in-vehicle infotainment systems, such as parking assistance, navigation systems, and adaptive cruise control, is expected to fuel the industry growth. The integration of these technologies into automobiles enables companies to offer safe, secure, and scalability to their end-users.
 

The development of these technologies enables manufacturers to stabilize the car in a critical situation and prevent the driver from steering out of control. Therefore, to cater to the high demand in the market, embedded system providers are coming up with new technological innovations and strategic partnerships to enhance their market position.
 

Real-time system will gain lucrative opportunities from the defense sector

Embedded System Market Share

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The real-time segment in the embedded system market is estimated to attain a CAGR of 9% till 2026 owing to the advent of smart sensors, advanced human-machine interface, and IoT in embedded systems. The real time function of embedded system is bounded with time duration, such that the task needs to be accomplished in the given interval of time.
 

Therefore, the real time functioning of embedded system increase its implementation in industrial robots, digital cameras, wireless router, gaming consoles, microwave ovens, etc. The segment is also gaining high attraction in the weapon defense system, which works as a naval destroyer by shooting down the incoming missiles.
 

Rising demand for emission control applications in automotive to propel the market demand

Embedded System Market Size

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The automotive segment is the fastest-growing segment in the embedded system market during the forecast period credited to the growing demand for infotainment and ADAS systems in vehicles. Also, automobile manufacturers are implementing embedded systems in their vehicles for various functions including security, ignition, and audio systems. Adding to this, the advanced use of embedded systems in vehicles helps in pollution control, accelerating their demand in the global market. Stringent regulations on low carbon emission requirements will further add an advantage for the industry value.
 

Technological advancement in the U.S. industry

North America embedded system market will accounts for 45% of revenue share in 2019 due to the presence of prominent participants in the region such as Intel and Microsoft. Adding to this, the rising acceptance of IoT technology in the U.S. and increasing consumer demand for smart & connected devices to reduce human intervention will positively impact the industry progression.
 

Business acquisitions is the major industry expansion strategy

Prominent players operating in the embedded system market include Atmel Corporation, Texas Instrument, NXP Semiconductors, Microsoft Corporation. The industry is highly competitive owing to the presence of global leaders, accommodating major shares in the market, whereas new entrants penetrating the market are implementing modern technologies, such as IoT and machine learning, to deliver innovative products and gain a competitive edge in the business. The companies in the industry are majorly focusing on merger & acquisition strategies to strengthen their position among competitors.
 

The embedded system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

Market, By Component

  • Hardware
    • ASIC & ASSP
    • Microcontroller (MCU)
    • Microprocessor (MPU)
    • Power Management Integrated Circuit (PMIC)
    • Field programmable gate arrays (FPGA)
    • Digital Signal Processor (DSP)
    • Memory
  • Software
    • Operating System
    • Middleware

Market, By Function

  • Standalone System
  • Real-time System
  • Network System
  • Mobile System

Market, By Application

  • Automotive
  • Consumer Electronics
  • Manufacturing
  • Retail
  • Media & Entertainment
  • Militiary & defense
  • Telecom

Other The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • Spain
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
  • South America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC

 

Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of embedded systems exceeded USD 100 billion in 2019.

The industry share of embedded systems is poised to grow at a CAGR of over 6% between 2020 and 2026.

North America accounts for the dominant market share with over 45% due to presence of major companies in the region such as Intel and Microsoft.

Embedded software segment is anticipated to witness around 4% growth till 2026 driven by its wide adoption in the automotive sector, offering a high scale of flexibility & reliability for several vehicle applications.

The automotive sector is the fastest-growing application segment in the market owing to growing demand for infotainment and ADAS systems in vehicles.

Prominent players operating in the market include Atmel Corporation, Texas Instrument, NXP Semiconductors, and Microsoft Corporation.

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 31
  • Tables & Figures: 314
  • Countries covered: 16
  • Pages: 250

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