Embedded Software Market size estimated to reach USD 18.61 billion by 2023

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Embedded Software Market size estimated to reach
USD 18.61 billion by 2023 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Embedded Software Market

• Automotive sector accounted for nearly 12 of the
  embedded software market share in 2015 and it is
  predicted to grow at 8.3 CAGR from 2016 to 2023.
• Swift adoption of tablets, PCs and smartphones is
  likely to justify growth in the consumer
  electronics segment. The application is estimated
  to account for more than 22 of the overall
  industry share by 2023, growing at 7.7 CAGR from
  2016 to 2023.
• Direct access to API (application program
  interface) as well as short run-time offered is
  responsible for continued dominance in the C
  programming language segment, which was valued at
  USD 6.34 billion in 2015. It is expected to grow
  at 6.9 CAGR from 2016 to 2023.

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Continued

• U.S. embedded software market share represented
  majority of the North American revenue in 2015.
  Existence of large number of industries is likely
  to augment regional growth.
• Key industry participants are Altera, Infineon,
  IBM, Johnson Matthey, Intel, LG CNS, Mentor
  Graphics, Xilinx, Advantech, Express Logic, Green
  Hills Software, ENEA, and Microsoft.

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U.S. Embedded Software Market Size, By
Application, 2012-2023 (USD Billion)

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360 Analysis

• Application Analysis
• Automotive sector was valued at USD 1.24 billion
  in 2015 and is expected to witness substantial
  growth prospects over the forecast period. The
  segment is predicted to grow over 8 CAGR from
  2016 to 2023. Rising demand for in-vehicle
  infotainment systems is predicted to justify
  embedded software market growth, over the
  forecast period. Furthermore it provides wide
  range of features such as entertainment,
  navigation, internet based services, external
  communications and safety security.
• Regional Analysis
• U.S. embedded software market share accounted for
  over 68 of the regional industry in 2015. It is
  anticipated to continue its dominance over the
  next seven years owing to presence of large
  number of industries across the region. Europe
  embedded software market size was over USD 3
  billion in 2015, with steady growth expectation
  over the next few years.
• Competitive Market Share
• Industry participants include Advantech, Altera,
  ENEA, Express Logic and Green Hills
  Software.Other prominent industry partners are
  IBM, Infineon, Intel, Xilinx, Johnson Matthey, LG
  CNS, Mentor Graphics, Microsoft, Mitsubishi
  Electric, National Instruments, NXP
  Semiconductors, RadiSys, and Segger
  Microcontroller Systems

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