Global Embedded System Market is Estimated to Grow at a CAGR of 6.4% and Reach USD 233.13 Billion by 2021: Transparency Market Research

ALBANY, New York, August 26, 2015 /PRNewswire/ --

According to a new market report published by Transparency Market Research Embedded System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021" was valued at USD 152.94 billion in 2014 and is estimated to grow at a CAGR of 6.4% and reach USD 233.13 billion by 2021.

An embedded system is a single-purpose application specific computer which is built into a larger system for monitoring and controlling of the overall system. Increasing demand for smarter and power efficient electronic devices and increasing application of embedded systems in the automobile industry is primarily driving the growth of the market. Embedded systems are being increasingly deployed in advanced devices such as smart meters, in order to ensure desired and accurate functioning. Growing demand for these devices, on the account of energy efficiency initiatives on a global level is thus boosting the growth of overall market. Increasing demand for these processors with multi-core technologies and embedded graphics is also set to bolster the growth of the market. These factors in total are expected to impact the growth of global embedded system market positively during the forecast period from 2015 to 2021.

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By functionality, market has been segmented into four segments, namely stand alone, real time, networked and mobile. Real time embedded systems garnered the maximum revenue in 2014. These systems have the ability to operate under constrained environments with strict deadline, where processing power and computer memory is restricted. The extensive usage of real time embedded systems across various sectors including the commercial, military, government, medical, cultural infrastructures and educational sectors is fuelling the growth of the market.

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By microcontrollers, market has been divided into: small scale, medium scale and large scale embedded systems. Medium scale embedded systems occupied the largest share of the market globally source held and accounted for more than 50% of the market in 2014. Medium scale embedded systems are supported by 16 and 32 bit microcontroller or microprocessor and they help to reduce size, cost and power consumption of the systems. Most of the advanced embedded systems are based on this technology.By types, embedded system is classified as embedded hardware and embedded software. In 2014, embedded hardware segment was the larger contributor to the market. Dominance of the market by embedded hardware is expected to continue during the forecast period. However, the embedded software segment is expected to grow significantly during the forecast period, owing to strong need for superior quality of embedded software controllers by safety-critical end-use industries such as medical and defense.

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By applications, market is classified into seven segments, namely: automotive, telecommunication, healthcare, industrial, consumer electronics, aerospace and defense, and others. The automotive sector held the largest share of the market accounting for more than 18% in 2014. Embedded systems are used widely in the automotive sector and are found in a vehicle's engine, navigation system, body electronics and infotainment systems. Automotive sector is expected to retain its position throughout the forecast period owing to increasing penetration of hybrid electric vehicles (HEVs) and electric vehicles (EVs). In addition, increasing demand from other end user industries such as consumer electronics and healthcare is also expected to positively impact the market in the coming years.

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The global embedded system market has been divided geographically into four broad regions, namely North America, Europe, Asia Pacific and Rest of the World. North America acquired the largest share of the global market in 2014 and accounted for more than 36%. Early penetration of technology and considerable research and development activities in the United States are the primary drivers for the embedded system market in this region. Asia Pacific occupied the held the second largest share of the market globally and accounted for more than 30%.Some of the major players in the market are: Atmel Corporation (U.S.), Freescale Semiconductor, Inc. (U.S.), HCL Technologies, Ltd. (India), Intel Corporation (U.S.), Infosys, Ltd. (India), Infineon Technologies AG (Germany), Microsoft Corporation (U.S.), NXP Semiconductors (Netherlands), Renesas Electronics Corporation (Japan), and Texas Instruments, Inc. (U.S.) among others.

This report offers a comprehensive analysis of the global embedded system market along with the market values, in terms of revenue (USD billion) for the forecast period from 2015-2021. In addition, the global market has been bifurcated on the basis of functionality, microcontroller, types and application. The cross sectional analysis of embedded system market across four geographical regions has also been covered under the purview of the report.

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The market has been segmented as follows: 

Embedded system market, by Functionality 

• Stand alone embedded systems
• Real time embedded systems
• Networked embedded systems
• Mobile embedded systems

Embedded system market, by Microcontroller 

• Small scale embedded systems
• Medium scale embedded systems
• Large scale embedded systems

Embedded system market, by Types 

• Embedded Hardware
• Embedded Software

Embedded system market, by Application 

• Automotive
• Telecommunication
• Healthcare
• Industrial
• Consumer electronics
• Aerospace and defense
• Others

Embedded system market, by Geography: The market is broadly segmented on the basis of geography into: 

• North America 
  • United States
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • Italy
  • France
  • Rest of Europe
• Asia Pacific 
  • China
  • India
  • Japan
  • Oceania
  • Rest of Asia Pacific
• Rest of the World 
  • South America
  • Middle East and Africa (MEA) 
  • Africa

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