The global market for automotive embedded systems is expected to grow from USD 8 billion in 2020 to USD 8 billion by 2028, with a CAGR of over 7%. The main drivers for this growth are the increasing demand for electric vehicles and advanced security and convenience systems. Additionally, the growing awareness about vehicle security is boosting the market growth. The sensor component segment is projected to dominate the global automotive embedded system market until 2028, as sensors are widely used in vehicles.
The market is segmented by application into infotainment & telematics, body electronics, safety & security and powertrain & chassis control. The safety and security application segment is anticipated to grow at the highest rate in the forecast period, due to the rising demand for safety features such as anti-lock braking systems (ABS) in vehicles.
Asia Pacific is expected to lead the global automotive embedded system market during the forecast period, owing to the increase in disposable income of customers, high vehicle production in China & India and high demand for vehicles in Japan.
Some of the key players in the global automotive embedded system market are Robert Bosch GmbH, Continental AG, Panasonic Corporation, Texas Instruments Inc., Mitsubishi Electric Corporation, Denso Corporation, Harman International, Verizon Communications Inc., Intel, Corp., NXP Semiconductors etc. These companies are investing in research and development of new technologies and products to gain a competitive edge in the market. They are also adopting strategies such as mergers & acquisitions and new product launches.
Browse 110 pages report (Global Automotive Embedded System Market By Vehicle Type (Passenger Cars, LCV and HCV), By Type (Embedded Hardware and Embedded Software), By Component (Sensors, Microcontrollers, Transceivers and Memory Devices), By Region, By Company, Competition, Forecast & Opportunities, 2028) – https://www.techsciresearch.com/report/automotive-embedded-system-market/4753.html
Objective of the Study:
- To analyze and forecast the market size of global automotive embedded system market, in terms of value and volume.
- To classify and forecast global automotive embedded system market based on type, vehicle, component and regional distribution.
- To identify drivers and challenges for global automotive embedded system market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive embedded system market.
- To conduct the pricing analysis for global automotive embedded system market.
- To identify and analyze the profile of leading players operating in the global automotive embedded system market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of global automotive embedded system market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Automotive embedded system manufacturers and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automotive embedded system market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global automotive embedded system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Embedded System Market, By Type:
- Embedded Hardware
- Embedded Software
- Global Automotive Embedded System Market, By Vehicle:
- Passenger cars
- Light Commercial vehicles
- Heavy Commercial vehicles
- Global Automotive Embedded System Market, By Components:
- Sensors
- Microcontrollers
- Transceivers
- Memory Devices
- Global Automotive Embedded System Market, By Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Chile
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Asia Pacific
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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