Automotive Embedded System Market Worth $7.4B by 2022
August 1, 2017 | PRNewswireEstimated reading time: 1 minute
The report "Automotive Embedded System Market by Vehicle, Electric Vehicle, Type, Component (Sensors, MCU, Transceivers, and Memory Devices), Application (Infotainment & Telematics, Body Electronics, and Safety & Security), and Region - Global Forecast to 2022", published by MarketsandMarkets, the Automotive Embedded System Market is estimated to be USD 5.15 Billion in 2017 and is projected to grow to USD 7.41 Billion by 2022, at a CAGR of 7.56%.
The increasing demand for electric vehicles, advanced safety, comfort, and convenience systems, and rising trend of vehicle electrification in the automotive industry are some of the key factors fueling the growth of this market.
Safety & Security segment to hold the largest share of the Automotive Embedded System Market, by application type
The safety & security application is estimated to hold the largest share, by value, of the Automotive Embedded System Market in 2017. The mandatory installation of anti-lock braking systems (ABS) and electronic stability systems in the U.S. and European countries has contributed to the growth of this application. Likewise, in India, airbags, ABS, and speed warning system will be mandatory for all cars from October 2018. The growing installation rate of various safety features in vehicles are the key drivers for the safety & security application market.
Sensor component To acquire the largest market share
The sensors component is estimated to hold the largest share of the Automotive Embedded System Market, by component type. The increasing number of electric vehicles and growing trend of vehicle electrification in the automobile industry have driven the growth of the automotive sensors market.
Asia-Pacific: The largest market for the Automotive Embedded System Market
The Asia-Pacific region is estimated to hold the largest share, by value, of the Automotive Embedded System Market in 2017. The demand for automotive embedded system in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of electric vehicles in countries such as China and Japan. The region is also the leading producer of automobiles in the world.
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Suggested Items
SPEA Expands in Southeast Asia with New Subsidiary in Thailand
05/17/2024 | SPEASPEA, a global leader in automatic test equipment for the manufacturing of semiconductor, microelectronic and electronic devices, today announced the opening of its new subsidiary in Thailand. This expansion marks a significant step forward in SPEA's commitment to serving the growing Southeast Asian microchip and electronics market with leading-edge manufacturing machinery and equipment.
PCB Market Size to Grow by $29.06B from 2024-2028
05/17/2024 | PRNewswireThe global printed circuit board (PCB) market size is estimated to grow by USD 29.06 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.6% during the forecast period.
AT&S 2024/25 on Growth Course Again
05/17/2024 | AT&SAT&S operated in a challenging market environment in the financial year 2023/24. After a strong second quarter, demand was relatively weak again in some market segments in the second half of the financial year.
Shipments of OLED Monitors Hit 200,000 Units in 1Q24, Annual Forecast to Reach 1.34 Million
05/17/2024 | TrendForceTrendForce’s latest report reveals a robust start to 2024 for OLED monitors, with shipments reaching approximately 200,000 units in the first quarter—marking a YoY growth of 121%.
Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China
05/16/2024 | MagnachipMagnachip Semiconductor Corporation celebrated the opening ceremony of Magnachip Technology Company, Ltd. (MTC) yesterday at its headquarters located in Hefei, China. MTC is a subsidiary of Magnachip, established on December 20, 2023, to expand the Company’s display driver IC and power IC businesses in China.