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From the inception in 2013 till now, the market grows at an annual rate of six percent from $140 billion to $214 billion.
FREMONT, CA: Million Insights, the marketing research database and provider of end-to-end market resolution analysis, has mentioned that embedded systems’ market would continue to see a strong and vibrant growth once it reaches 2020.
Embedded markets, the largest embedded and internet of things market, focus more on teaching and implementing artificial intelligence, machine learning, and edge computing platforms.
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The main components of the market for the embedded system encompass 94 percent of hardware processors that includes Digital Signal Processors, microcontrollers, microprocessors, software, and operating system that acts as middleware.
At the start of 2013, the market value was at $140 billion, where automotive is accounted for 21 percent. Alternative applications included infotainment, engine control GPS and alternatives connected in operating functions.
North America dominated the regional demand with an estimated market share of 34.56 percent in 2013. The Asia Pacific, the fastest-growing region is expected to grow at CAGR of 6.7 percent up to 2020.
When it reaches 2020, it is to witness and expected to grow to $214 billion, by growing at an annual rate of six percent as mentioned by the market research analyst in the report.
The growth is calculated based on medical application and automotive application. The smart electric meter will also reach its peak growth as per the research.
The embedded system industry is competitive, with the top four manufacturers accounting for more than five percent of the industry share. Major participants include Freescale Semiconductor, Renesas Electronics, Samsung, Infineon Technologies, Atmel Corporation, STMicroelectronics, Microchip and Texas Instruments.
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