In a recent published report, Kenneth Research has updated the market report for Embedded Systems Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Embedded Systems Market products.
Kenneth Research has published a detailed report on Embedded Systems Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
The Global Embedded Systems Market was valued at USD 86.35 billion in 2016 and is projected to reach USD 126.35 billion by 2025, growing at a CAGR of 4.32% from 2017 to 2025.
An embedded system is some combination of computer hardware and software, either fixed in capability or programmable, that is designed for a specific function or for specific functions within a larger system. There are several benefits of embedded systems including – dedicated tasks, less dependency on operating systems, hardware benefits , cost effectiveness, high reliability, small size, fast operation, improves product quality and has low power operation.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Rising impact of IoT
1.2 Adoption of embedded systems in smart cities, smart homes and smart appliances
1.3 Increasing demand for embedded systems in healthcare equipments and automotive industry
1.4 Rapidly growing market for wearable devices
1.5 Growing usage if multicore processor technology in military applications
2. Market Restraints
2.1 Embedded system’s security concerns
2.2 Complex designs of embedded systems
The Global Embedded Systems Market is segmented on the functionality, hardware, software, application, and region.
1.1 Stand alone
1.2 Real time
2. By Hardware:
2.1 Microcontrollers, Microprocessors
2.3 Application-specific Integrated Circuit/Application-specific Standard Product
2.4 Power Management IC
2.5 Field Processing Gate Arrays
2.6 Digital Signal Processors
3. By Software:
3.1 Operating System
4. By Application:
4.1 Consumer Electronics
4.4 Aerospace & Defense
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Infineon Technologies AG
2. Texas Instruments Incorporated
3. Renesas Electronics Corporation
4. Toshiba Corporation
5. Stmicroelectronics N.V.
6. Intel Corporation
7. NXP Semiconductors N.V.
8. Fujitsu Limited
9. Qualcomm Technologies Incorporated
10. Microchip Technology Incorporated
11. Marvell Technology Group Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Embedded Systems Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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