Embedded Technology Market 2027- Latest Update, Trends & International News In One Place - Check Out Now
November 29, 2019 by Market-NewsFlash
Global Embedded Technology Market Information, by Platforms (Mobile, Web, Cloud, On-Premise), by Hardware (Processor IP, MCU/MPU, ASIC, FPGA), by Software (Operating Systems, Testing software), by Application (Automotive, Consumer Electronics, Aerospace) — Forecast 2016–2027
Embedded Technology Market Overview
Embedded Technology is an integration of hardware & software designed for a specific function or for specific functions within a larger system. In other words, embedded technology is application specific system serving in various industries such as automotive and telecommunication sectors where software plays an important role hand hence the security for system becomes challenging.
Electrical and electronic circuits and kits are designed to use embedded technology. Also, the computers, tablets, mobile phones, laptops, digital electronic systems, and other electrical and electronic gadgets are designed using embedded technology. With such widened uptake and demand, it is needless to say that the embedded technology market is expanding constantly.
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Market Research Future (MRFR), in its recently published research report, asserts that the global embedded technology market is booming and expected to grow exponentially by 2027, registering a striking CAGR throughout the forecast period 2017–2027.
Growing application areas and high adoption of cloud computing are playing a vital role in the growth of the market. With every technology inside automobiles and airplanes evolving dramatically, the need for embedded technology and cloud computing is expected to rise subsequently. Engineers are embracing the new-generation tools that can automate the generation and verification of robust, safe system architectures.
Global Embedded Technology Market — Segments
The MRFR analysis is segmented into five key dynamics:-
By Platforms : Mobile, Web, On-Cloud and On-Premise.
By Hardware : Processor IP, Microcontrollers & Microprocessors (MCU/MPU), Digital signal processors, Application-specific integrated circuit (ASIC), and Field processing gate arrays (FPGA) among others.
By Software : Operating Systems, Testing software, Open Source Software, and Software Development among others.
By Applications : Automotive, Consumer Electronics, Aerospace & Defence, Telecommunication, and Healthcare among others.
By Regions : North America, Europe, APAC and the Rest-of-the-World.
Global Embedded Technology Market — Regional Analysis
The Asia Pacific region is dominating the global embedded technology market due to the growing consumer electronics market. Burgeoning sectors such as automotive, and telecommunication, especially in China and India are the key driving forces accounting for the market growth in the region. Also, players located in China and Japan are investing heavily in the development of efficient technologies which in turn, substantiates the market growth in the APAC.
North America region is emerging as a lucrative market for the embedded technology, mushrooming rapidly. The presence of global players which provide a competitive advantage to the U.S. and Canada along with the growing IT industry in these countries are driving the market of embedded technology in North America. Besides, factors such as the augmented demand for new technological solutions and the increasing competition among developers in the region are substantiating the market growth.
Some of the eminent players leading the global embedded technology market are Renesas Electronics Corporation (Japan), Texas Instruments (US), STMicroelectronics (Switzerland), Microsoft Corporation (US), Samsung (South Korea), Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), Renesas Electronics Corporation (Japan), Atmel Corporation (US), and Infosys Ltd. (India).
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