Embedded Systems Market, Next-Gen Demand and Business Growth Analysis 2019 to 2028
An embedded system is recognized as a microprocessor-based computer hardware system along with software that is structured to perform a specific function, either as a part of a whole large system or as an independent system. At the core of the embedded system a circuit is designed to further carry out computation for real-time operational functions. Embedded system functions to control the device and allows the user to interact with it. They function on one or more than one functions at a time. These systems work by integrating a rugged motherboard into an industrial enclosure, along with embedded OS software and I/O (output and input) to attain a function in an embedded atmosphere. There are three basic types of embedded system, small scale, large scale and medium scale. Basic difference between microcontroller and microprocessor is that in microprocessor bit handling is very less in amount as compared to microcontroller because it offers various kinds of bit handling instruction. Embedded system software uses basic software such as C++, C, ADA ETC. Some might use OS such as LINUX, TreadX, RTOS, OSE etc.
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EMBEDDED SYSTEMS MARKET DYNAMICS
Growth in demand for ADAS in EV and hybrid vehicles is uplifting the market growth of embedded system market. These systems are playing a major role in reconstructing the automotive industry. Embedded systems use ADAS technology which are implemented in hybrid and electric vehicles. The growth in demand for hybrid and electric vehicles due to surging awareness among masses about the diminishing state of the atmosphere has further led to the growth of the embedded system market. Whereas, the factor which is continuously hampering the market growth is the vulnerability of embedded systems to security breaches and cyber threats. Embedded systems consists of important data which could be critical to banks, military forces, healthcare and data centers. Therefore, it is very necessary to protect such devices from unknown resources and cyber threats. Major reasons due to which these devices are prone to cyber threats is the long device lifecycle, irregular security updates, attack replication and remote deployment. Furthermore, development of 5G based embedded services is acting as the market opportunity for many key players. But every aspect has some negative aspect as well, high energy consumption of compact embedded system acts as challenge for various key players in the market. The compactness of embedded system to implement different functionalities in them further leads to design complexity which leads to increased consumption of energy.
COVID 19 IMPACT ON EMBEDDED SYSTEMS MARKET
Covid-19 not only affected the operations of various industries which offers embedded system and solutions, but also hampered the company businesses using these product and solutions. The decline in demand for electronic devices due to lockdown has globally impacted the semiconductor market. The declination in global demand and exporting procedures for automotive vehicles is also anticipated to hamper the semiconductor market which led to slowing down the demand for the embedded system. Healthcare sector is the most benefitted sector during the pandemic period. This factor positively uplifts the embedded system as different embedded hardware’s are used in the development of advanced ventilators and other medical equipment’s.
EMBEDDED SYSTEMS MARKET SEGMENTAL OVERVIEW
The report analyses of the embedded systems market based on component, application, function and by geography.
EMBEDDED SYSTEMS MARKET BY COMPONENT
By component, the global embedded systems market is segmented into hardware and software, Hardware is further sub-segmented into microcontroller, ASIC & ASSP, microprocessor, power management integrated circuit (PMIC), field programmable gate array (FPGA), digital signal processor (DSP), memory. Software is further sub-segmented into OS, Middleware. Microcontroller holds the largest market share, it is due to growing demand for microcontrollers in automobiles engine control systems, implantable medical devices, microwave ovens, security systems, remote controls, appliances, power tools and toys. The demand for microcontrollers is rising significantly owing to acceptance of IoT in a number of verticals, automation in different industries, growing demand for secured applications worldwide along with increasing demand for energy consumption.
EMBEDDED SYSTEMS MARKET BY FUNCTION
The embedded systems market by function is classified into standalone system, real-time system, network system, mobile system. Real time system holds the largest market share as they are used in various applications that need a wide responsiveness rate. Network embedded system are basically a type of real time embedded systems that make use of WAN, LAN along with internet to access the resources and perform the allotted task. The growing implementation of IoT in different devices, smart platforms is one of the major advantages driving the market growth for real-time embedded systems. Furthermore, major advancements going on in actuators and sensors used for industrial automation, transportation, energy distribution, healthcare sector applications are also uplifting the real time embedded system market worldwide.
EMBEDDED SYSTEMS MARKET BY APPLICATION
The embedded systems market by application is classified into automotive, consumer electronics, manufacturing, retail, media & entertainment, military & defense, telecom. Communication segment holds the largest market share. Embedded systems are mostly used in ethernet devices, routers, protocol converters and wireless infrastructures for high-speed data transfer to help the growing communication infrastructures. Moreover, telecom operators often implement hard IP for interfaces such as 100G Ethernet and peripheral component interconnect (PCI) express. Furthermore, various advancing technologies such as eASIC are cost effective and also meet power targets are largely used in radio access network (RAN) equipment.
EMBEDDED SYSTEMS MARKET BY GEOGRAPHY
Geographically, the embedded systems market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. Asia pacific holds the largest market share due to increasing per capita and ongoing large-scale industrialization along with urbanization are the major factors uplifting the market growth in this region. The presence of low-cost electronic products is anticipated to upsurge the increasing demand for microcontrollers and microprocessors in the region. Autonomous robotic system and embedded vision system is also anticipated to increase demand among consumers for embedded system hardware such as controllers and microprocessors for the usage in industrial applications in Asia pacific region.
EMBEDDED SYSTEMS MARKET KEY PLAYERS
Some of the major players operating in this market include Atmel Corporation (US), Intel Corporation (US), Texas Instruments (US), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Microsoft Corporation (US), Samsung Electronics Corporation (South Korea), Analog Devices Inc.(US), Renesas Electronics Corporation (Japan), Kontron AG (Germany), Advantech Co., Ltd. (Taiwan), ARM Limited (UK), Fujitsu Limited (Japan), Microchip Technology Inc. (US), Xilinx, Inc. (US), STMicroelectronics (Switzerland).
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