Embedded System Market size to exceed USD 258 billion by the next seven years

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Embedded System Market share to exceed USD 258
billion by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Embedded system Market

• Global Market Insights Inc. announces the release
  of a comprehensive research report on Embedded
  Systems. The report projects the market to
  witness burgeoning growth and surpass US258.72
  billion by 2023. Smart grid initiatives, rising
  investments in automation technologies and
  persistent growth in consumer electronic devices
  segment is likely to drive the demand.
• Embedded system is a combination of computer
  software and hardware specifically designed or
  programmed to execute a particular function. It
  plays an important role in almost every
  electronic device. An MP3 player, cell phone,
  control menu on TV systems, are a few examples of
  day to day applications of this system. It is
  found wide acceptance in every sector including
  automobiles, Industrial machines, cameras,
  medical equipment, airplanes, household
  appliances, toys, vending machines, and many
  more. It is a key enabler of a smart device. The
  advent of semiconductor technology has led to
  declining costs of microprocessors together with
  reduced manufacturing costs have contributed to
  widen the horizon of advanced microcontrollers
  applications.

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Continued...

• Consumer electronics is one of the key end-use
  sectors for this market. Proliferation of smart
  devices like smart phones, LED TVs, electronic
  and home appliances is likely to open new avenues
  for the market. At present, the consumer
  electronics sector is witnessing significant
  growth owing to technology trends like mobility,
  miniaturization and digitalization. Furthermore,
  growing demand for smart living with smart
  devices like advanced gaming consoles, portable
  devices like video players, sophisticated digital
  cameras, and home appliances including
  dishwashers, refrigerators, dryers, washing
  machines, air conditioners, and electric cookers
  is anticipated to fuel the market growth.
• North America embedded system market size is
  projected to be worth 84 billion at a growing
  CAGR of 5.7 in the near future. Europe is
  anticipated to pick up the pace during the
  projected period and surpass USD 62 billion over
  the predicted time frame. Asia Pacific market is
  likely to register USD 81 billion by 2023 owing
  to the largely available skillful professionals
  in software development.
• Key participants of the moderately competitive
  market include Renesas Electronics, Freescale
  Semiconductor, Microchip, Infineon Technologies,
  Atmel Corporation, Samsung, STMicroelectronics
  and Texas Instruments.

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Browse Full Market Research Report Embedded
System Market _at_ http//bit.ly/1ZAsg9g Read our
Insightful Blog _at_ http//bit.ly/2fZlQUI Request
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