Global Automotive Embedded Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Automotive Embedded Systems Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global automotive embedded systems market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive embedded systems market report has been segmented on the basis of type, component, vehicle type, application, and region.
Automotive embedded system is a computer system that is embedded into a car in the form of piece of electronic machine in order to control and access various type of data in electronics based systems. Most of the automotive embedded systems are deployed for the purpose of energy saving and low emission in vehicles, high reliability, and safety requirements. Automotive embedded systems offer safe and convenient environment for vehicles and improves the productivity of vehicles.
Increasing demand for electric vehicle across the globe and rising adoption of embedded systems in electric and hybrid vehicles, owing to ability to reduce pollution and enhance efficiency are major factors expected to drive growth of the global automotive embedded systems market over the forecast period. Rising consumer focus on vehicle safety features and increasing automation in automotive industry, and government policies for controlling emission and increase fuel efficiency are some other factors expected to boost growth of the target market over the forecast period. Furthermore, technological advancements such as development of new hardware and software technologies that introduce functions whose development can be costly or even not feasible are other factors expected to support growth of the target market over the forecast period. Moreover, rising demand for connected car along with increasing demand for sensors and engineering systems in the vehicles is another factor expected to propel growth of the global market over the forecast period.
However, short life span of electronic systems, higher requirement of power, and complicated system design are some major factors expected to restrain growth of the global automotive embedded systems market over the forecast period.
Ongoing trend observed in the global automotive embedded systems market is increasing consumer demand for advanced safety and convenience systems, and rising adoption of vehicle electrification, these trends are expected to fuel growth of this market and are expected to continue over the forecast period.
Advancements in system architecture and improved integrated services are expected to create potential revenue opportunities for players operating in the global automotive embedded systems market over the forecast period.
Analysis by Region
The market in Asia Pacific is expected to register highest market share in terms of revenue over the forecast period, owing to availability of major automobile manufacturers and increasing demand for automotive embedded system across various countries in this region. China and India are expected to contribute majority of share in terms of revenue growth Asia Pacific automotive embedded systems market.
Global automotive embedded systems market segmentation:
Segmentation by type:
- Embedded Hardware
- Embedded Software
Segmentation by component:
- Microcontroller Unit (MCU)
- Integrated Circuits
Segmentation by vehicle type:
- Internal Combustion Engines (Diesel and Gasoline Vehicles)
- Electric Vehicles (Includes BEV, HEV, and PHEV)
Segmentation by application:
- Electrical and Electronics
- Infotainment and Telematics
- Powertrain and Chassis
- Advanced Driver Assistance Systems
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Robert Bosch GmbH
- Panasonic Corporation
- Toshiba Corporation
- Continental AG
- Denso Corporation
- Mitsubishi Electric Corporation
- Delphi Automotive LLP
- Texas Instruments Incorporated
- Infineon Technologies AG
- Harman International Industries, Incorporated
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