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Global Embedded Systems Market to Reach $233.13B by 2021
November 30, 2015 | Transparency Market ResearchEstimated reading time: 3 minutes
The applications of embedded systems studied in the report are: Telecommunications, automotive, industrial, healthcare, aerospace and defense, consumer electronics, and others. The global embedded systems market earned the highest revenue from the automotive application segment in 2014, and TMR analysts expect this trend to firmly continue through the report’s forecast period. There are numerous areas where the automotive industry has come to rely heavily on embedded systems; these include: wiper controls, infotainment systems, anti-lock systems, and engine control units.
On the basis of geography, the global embedded systems market is segmented into: North America, Europe, Asia Pacific, and Rest of the World. The North America embedded systems market raked in the highest revenue (36%) as of 2014, with demand being stimulated by the deployment of smart meters, smart grids, and smart vehicles. Trailing North America was the Asia Pacific embedded systems market, contributing 30.6% of the total revenue in 2014. Taiwan, China, and South Korea spearhead the growth of the embedded systems market in Asia Pacific.
The Company Profiles section is a highlight of the report, wherein leading players and their growth strategies are discussed in detail. Companies profiled in this section include: HCL Technologies Limited, Atmel Corporation, Infosys Ltd., Microsoft Corporation, Texas Instruments, and Renesas Electronics Corporation.
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