Get upto 20% OFF on this Report and Get FREE 6 Months analyst support. Offer valid till Fri Dec 31 2021.
An embedded system in any type of vehicle is an electronic system specifically designed to control and access data in an electronic-based system. These systems include single-chip microcontrollers such as cortex and ARM as well as microprocessors such as FPGAs, DSPs, and ASICs. Advanced embedded systems have been gaining traction in the automobile sector since the past few years. A number of automotive manufacturers have assembled the latest embedded systems into their production vehicles for various functionalities such as ignition, braking system, airbags, in-vehicle networking, engine assembly, security system, and audio system.
Information on vehicle theft, maintenance, location, and condition can be monitored with the use of an automatic embedded vehicle management system. The increasing complexity of electronic architectures that are embedded in a vehicle and locality constraints for sensors and actuators are compelling the automotive industry to adopt a distributed approach to implement a set of functions. The designing process of an electronically-embedded system depends upon the approach of the vehicle manufacturer and system supplier.
The global automotive embedded system market was valued at USD 5.32 billion in 2017 and is expected to grow at CAGR 8.1% over the forecast period 2019–2026.
To learn more about key trends >> Download Sample Report
Ever-growing conventional fuel prices, innovation, and demand for electric vehicles across various regions are the key factors driving the automotive embedded system market. Further, strict regulations regarding vehicular carbon emission, antilock braking systems (ABS), electronic brake-force distribution (EBD), tire pressure management systems (TPMS), and airbags across every model of any vehicle by various governments are also propelling market expansion. Moreover, the demand for advanced safety, comfort, and convenience for drivers and passengers are expected to boost market growth in the coming years.
On the other hand, automotive embedded systems use low-level electronic components and have a limited lifespan and high power utilization, which are expected to hamper market growth to some extent.
The global automotive embedded system market can be segmented by type, vehicle type, component, and application. On the basis of type, the market can be segmented into embedded software and embedded hardware. By vehicle type, the market can be segmented into passenger cars, two-wheelers, and commercial vehicles. On the basis of component, the market can be segmented into transceivers, sensors, memory devices, and microcontrollers (MCU). By application, the market can be segmented into infotainment & telematics, body electronics, safety & security, powertrain & chassis control, and others.
Geographically, the global automotive embedded system market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
To understand geography trends >> Download Sample Report
Asia Pacific is pegged to be the largest and fastest growing region, due to increasing income levels and vehicle production in developing countries such as China, and expanding electric vehicle parc in countries such as Japan. According to OICA statistics, China, followed by Japan, India, and South Korea, is the leading country in terms of vehicle production rate with a total of 29,015,434 manufactured vehicles in 2017.
North America is expected to account for the second largest share in the automotive embedded system market due to the dynamic growth of automotive and manufacturing sectors in developed countries such as the U.S. and Canada and introduction of enhanced technologies & strategies by prominent players.
Europe is pegged to be a mature market due to the presence of prominent automobile manufacturers in the U.K., Germany, and France. For instance, in 2002, the Europe automotive industry formed the ‘AUTOSAR consortium’ to implement layered system architecture including embedded software standards.
Latin America and the Middle East & Africa region is expected to witness rapid growth during the forecast period.
Key Players
Some of the key players in the automotive embedded system market include Verizon, Robert Bosch, Panasonic, Toshiba, Intel, Continental AG, Denso, Mitsubishi Electric, Magna International, Valeo, Delphi Automotive, Texas Instruments, Hella KGaA Hueck & Co., Infineon Technologies, Harman International, NXP Semiconductors, Nvidia, Renesas Electronics, on Semiconductor, Analog Devices, Inc., Visteon, Rohm Semiconductor, Johnson Electric, Microchip Technology Inc., and Sierra Wireless. These players are taking cognizance of market needs in developing countries and expanding their strategies accordingly.
The automotive embedded system market is currently experiencing swift growth around the globe. Initiative announcements, improved product launches, strategic collaborations, partnerships, mergers, and acquisitions by market players are expected to positively influence market growth during the forecast period.
The report offers insights on the automotive embedded system market, focusing on recent developments across different regions and development strategies adopted by market participants. The following sections are specifically covered in the report.
Copyright . All rights Reserved By Straits Research