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Embedded System Market size likely to exceed USD 258 billion by 2023

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Embedded system market size is likely to be valued USD 258.72 billion by 2023, as per a new research report by Global Market Insights, Inc. Mounting need mainly from application sectors such as healthcare as well as automotive is expected to drive demand. In addition, emergence of IoT is anticipated to fuel industry growth. – PowerPoint PPT presentation

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Title: Embedded System Market size likely to exceed USD 258 billion by 2023


1
Embedded system market size likely to exceed USD
258 billion by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Embedded system Market
  • Global embedded system market size was valued USD
    165.28 billion in 2015 and is anticipated to
    attain USD 258.72 billion by 2023 at 5.6 from
    2016 to 2023.
  • Automotive sector valued USD 34.64 billion in
    2015 which is likely to attain USD 56.04 billion
    by 2023, growing at a CAGR of 6 from 2016 to
    2023. Increasing acceptance of hybrid as well as
    electric vehicles in order to control emissions
    is likely to fuel the industry growth.
  • Healthcare sector is likely to grow at a CAGR of
    6.3 over the next few years. Rising need for
    portable medical devices in this application is
    predictable to boost the global growth.

3
Continued...
  • U.S. embedded system market share dominated the
    regional demand, accounting for over 30 of total
    revenue in 2015. Asia Pacific is anticipated to
    grow at a CAGR of 6 up to 2023. This can be
    attributed to the presence of fabrication plants
    in the region.
  • Moderately competitive industry consists of top
    four manufacturers accounting for more than 50
    of the embedded system market share. Key
    manufacturers include Infineon Technologies,
    Freescale Semiconductor, Atmel Corporation,
    Renesas Electronics, Samsung, STMicroelectronics,
    Texas Instruments and Microchip among others.

4
Europe embedded system market size,
by application, 2012-2023 (USD Billion)

5

Browse Full Market Research Report Embedded
System Market _at_ http//goo.gl/GEQsvK Request
for a Sample of this Research report
_at_ https//www.gminsights.com/request-sample/detail
/117
6
360 Analysis
  • Application Analysis
  • Automotive embedded systems market accounted for
    around 22 share in 2014, with gains estimated at
    5.5 from 2016 to 2023. This can be attributed to
    increasing adoption of smart vehicles to offer
    effective navigation capability and car-to-road
    communication. Moreover, escalating penetration
    of electric vehicles and hybrid electric vehicles
    for ensuring emission control is also expected to
    drive the industry demand.
  • Regional Analysis
  • North America embedded system market size was
    valued at around USD 49 billion in 2015 and is
    likely to attain 84 billion by 2023 at a CAGR of
    5.7 from 2016 to 2023. Europe is expected to
    exceed USD 62 billion by 2023, at a CAGR of over
    5.3.
  • Competitive Market Share
  • The global embedded system market share is
    moderately competitive, and the top four
    competitors accounted for more than 45 share in
    2015. Renesas Electronics accounted for over 25
    of the industry share in 2014 and offers wide
    range of components which in turn intensifies the
    dependency of OEMs.


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