The report forecasts the global industrial embedded systems market to grow at a CAGR of 10.16% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of latest trends in the market is increased adoption of multi-core processors. Earlier, 8-bit microcontrollers were the most commonly used in industrial embedded systems such as motor control, industrial process control, actuators, sensors, and robotics. However, industrial technology has advanced to include complex capabilities such as wireless connectivity, imaging, smart sensors and this has propelled the demand for advanced and efficient algorithms. Hence, vendors are designing single chips with multiple cores to enhance applications, increase reliability, reduce power consumption, and lower overall operational costs.
According to the report, one of the primary drivers in the market is increased emphasis on energy efficiency in industries. Motors in all major industries consume more than 60% of the global manufacturing industrial sector's energy annually. We estimate that more than 7% of the global energy demand can be effectively reduced by optimizing industrial motor energy efficiency. The ISO 9000/14000 is an international energy and quality management system that emphasizes the use of specialized systems to ensure energy efficiency in the operation of compressors, motors, and pumps.
Further, the report states that one major challenge in the market is high development cost of industrial embedded system. According to Moore's law based on astute observations, the number of transistors on an integrated circuit doubles every two years. An ideal embedded system is a low cost, compact system which features memory, processor and I/O peripherals on a single chip. However, designing the hardware of industrial embedded systems is riddled with difficulty as many compromises occur while trying to augment one function.
- National Instruments
- Infineon Technologies
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by component
Part 07: Market segmentation by type
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key takeaways
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/bfdl7w/global_industrial
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SOURCE Research and Markets