The embedded systems market was valued at USD 84.55 billion in 2016 and is expected to grow at a CAGR of 4.05% between 2017 and 2023.


Over the last few years, the use of embedded systems in automobiles has increased rapidly. Owing to its versatility and flexibility, embedded systems have become an important part of a vehicle’s electronic system. Automotive manufacturers have used embedded systems in their cars for different functionalities such as ignition, security, audio systems, air bags, event data recorders, anti-lock brake systems, cruise control, rain-sensing wipers, emission control, traction control, and automatic parking. Further, manufacturers are using microcontrollers and digital signal processors in vehicles, which can help in controlling the pollution, thereby increasing the facility to provide system monitoring features. Hence, there would be an increase in adoption of embedded systems in the automotive industry.

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Research Methodology

The research methodology used to estimate and forecast the embedded systems market begins with obtaining data through secondary research such as journal, newsletters, and whitepapers of the leading players in this market. The bottom-up procedure has been employed to arrive at the overall size of the embedded systems market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which has been verified through primary research by conducting extensive interviews with officials holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The major factors driving the growth of this market include increasing adoption of embedded systems in the automotive industry, use of multicore processor technology in military applications, growing market for wearable devices, increase in usage of embedded systems in smart appliances of smart homes, and rising demand for embedded systems in healthcare equipment. The Internet of Things (IoT) has already revolutionized the consumer application industry. Large research and development (R&D) investments, acquisitions, and funding in IoT research projects are driving the growth of the IoT market. To cater to future opportunities in the IoT ecosystem, microprocessor manufacturers are acquiring companies working on IoT solutions. This factor would further propel the growth of the embedded systems market during the forecast period.

The application-specific integrated circuit (ASIC) accounted for the largest share of the embedded systems market in 2016. This growth is attributed to the increasing adoption of ASIC in various applications such as consumer electronics, automotive, and telecommunications. The embedded systems market for the field processing gate arrays (FPGA) is expected to grow at the highest CAGR between 2017 and 2023.

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The key players in this market are Intel Corporation (US), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), Microchip Technology Incorporated (US), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies Incorporated (US), Cypress Semiconductor Corporation (US), Analog Devices Inc. (US), Broadcom Limited (US), Fujitsu Limited (Japan), NXP Semiconductors N.V. (Netherlands), and Toshiba Corporation (Japan).

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