Embedded System Market forecast to grow at 5.6% CAGR from 2016-2023 - PowerPoint PPT Presentation

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Embedded System Market forecast to grow at 5.6% CAGR from 2016-2023

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Get Sample Report @ The growing trends in the automotive industry such as connected cars, electric and hybrid electric vehicles, smart vehicles, etc. will proliferate the embedded system industry share in the automotive industry. – PowerPoint PPT presentation

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Title: Embedded System Market forecast to grow at 5.6% CAGR from 2016-2023


1
Embedded System Market share to exceed USD 258
billion by 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights of Embedded System Market
  • Embedded system market share to exceed USD 258.72
    billion by 2023, According to Global Market
    Insights, Inc. Driven by security concerns are
    likely to pose challenge to the demand growth
    over the forecast period. Internet of things,
    precisely the most buzzing topic worldwide, has
    shaken the entire global industry landscape.
  • Embedded system market is one of the top
    industries witnessing a plethora of opportunities
    in the evolving connected and smart era.
    Digitization has embarked its strong presence
    across all the industries worldwide, which in
    turn has generated a wide set of opportunities
    for the embedded system industry players.
  • With the rapid advancements in technology, the
    global demand for hi-tech equipment and devices
    has surged substantially, resulting in a huge
    adoption of embedded system across various
    industries such as Automotive, Consumer
    Electronics, Industrial, Healthcare,
    Telecommunication, and Military Aerospace.
    Among these, automotive industry dominated the
    application landscape, accounting for over 22 of
    the global share in 2014.

3
Continued
  • The growing trends in the automotive industry
    such as connected cars, electric and hybrid
    electric vehicles, smart vehicles, etc. will
    proliferate the embedded system industry share in
    the automotive industry. Embedded system market
    size in the automotive industry is likely to
    witness a CAGR of 5.5 over the period of
    2016-2023.
  • Healthcare, is likely to be the second largest
    application area for the embedded system market.
    The growing population and increasing number of
    diseases have imposed a burden on the global
    healthcare expenditure. Healthcare sector, over
    the past few years, has witnessed rapid
    technology adoption. Embedded system industry
    share in the healthcare sector is projected to
    witness a CAGR of 6 over the period of
    2016-2023.
  • North America is forecast to dominate the
    regional landscape, with revenue estimations of
    USD 84 billion by 2023. The growth can primarily
    be attributed to the growing trend of IOT across
    this region. US will be the major revenue pocket
    for the North America market, having had a 30
    regional share in 2015. Asia Pacific embedded
    system industry will also grow significantly over
    the coming timeframe, driven by the factors such
    as lower manufacturing costs, easy availability
    of software professionals, and huge presence of
    fabrication plants across this region. APAC
    embedded system market is likely to cross a
    revenue of USD 81 billion by 2023.

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

5

Browse Full Market Research Report Of Embedded
System Market _at_ http//bit.ly/2kcWP7b Request
for a Sample of this Research report _at_
https//www.fractovia.org/request-sample/263
6
Continued.
  • On account of the product trends, embedded
    software market is forecast to grow substantially
    over the coming years, owing to the rising trend
    of wireless technology coupled with a huge demand
    from automotive and consumer electronics sector.
    Embedded software market is likely to surpass USD
    18 billion by 2023.
  • Moreover, economic developments in emerging
    countries such as India, China, Russia, Taiwan,
    and Brazil will drive embedded hardware industry
    size, with CAGR estimations of 5.5 over the
    period of 2016-2023.
  • Embedded system market is quite consolidated with
    the top four players sharing 45 of the overall
    business space. Key industry participants include
    Infineon Technologies, Samsung, Freescale
    Semiconductor, STMicroelectronics, Texas
    Instruments, Atmel Corporation, and Microchip.

7
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