Embedded System Market Will Reach USD 194.27 Billion in 2018: Transparency Market Research
Albany, New York (PRWEB) September 25, 2013 -- Transparency Market Research published new market report “Embedded SystemMarket - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018″, the market was valued at USD 121 billion in 2011, which is expected to reach USD 194.27 billion by 2018, growing at a CAGR of 6.8% from 2012 to 2018.
Browse the full report with Complete TOC at http://www.transparencymarketresearch.com/embedded-system.html .
Increasing demand for smart devices such as smart electricity and water meters is a significant driving force for the market. Smart meters facilitate monitoring and management of energy consumption and ensure two-way communication with the utility. The usage of multicore processors in embedded systems in order to facilitate low power consumption and higher efficiency is also a major growth driver. In addition, declining microcontroller prices and growth in the healthcare industry are expected to have a positive impact on embedded system demand over the forecast period. This can be attributed to the substantial number of embedded systems used in medical devices such as blood glucose monitors. Downturn in the automotive industry on a global level is expected to act as a barrier for the market in the near future.
Embedded hardware accounted for over 90% of the overall revenue in 2012, and is expected to continue dominating the market over the next few years. In terms of application, the automotive segment held the highest market share, and was valued at approximately USD 27 billion in 2012. The consumer electronics segment is expected to grow at the highest CAGR of 7.3% from 2012 to 2018. North America was the market leader in 2012, and Asia Pacific is expected to be the fastest growing region, with an expected CAGR of 7.4%Transparency Market Research from 2012 to 2018. This is largely due to the high demand for consumer electronics in this geography.
The market is fragmented, with key players divided in terms of the products and services they offer. Major industry players include Intel Corporation, ARM Holdings plc, Renesas Electronics Corporation, Freescale Semiconductor, STMicroelectronics, Microsoft Corporation, and Tata Elxsi among others.
The report studies the global embedded system market, and provides estimates in terms of revenue (USD Billion) from 2012 to 2018.
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Embedded systems constitute hardware and software that together facilitate the accurate functioning of the target device. They account for a considerable percentage of an automotive, and are present in the vehicle’s engine, infotainment system, navigation system, and other body electronics. Besides automotives, they are embedded in a variety of devices across a wide range of application areas.
The global embedded system market has been analyzed and estimated in terms of revenue (USD Billion) from 2012 to 2018. The market has been segmented on the basis of type, application, and geography. Key embedded system types include hardware and software. The application segments included in the report are automotive, telecommunication, healthcare, industrial, consumer electronics, military and aerospace, and others. Other applications consist of government, office automation, as well as retail.
The market has also been studied on the basis of geography, and major regional segments include North America, Europe, Asia Pacific, and Rest of the World. Market data for the aforementioned segments has been provided from 2011 to 2018.
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Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1 518-618-1030, [email protected]
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