Market Analysis
Market Research Future (MRFR) report on the global microcontroller embedded systems market is a detailed assessment that offers a thorough overview of the industry. The report covers the COVID-19 overview of the global microcontroller embedded systems market and provides a comprehensive description of market segments, current trends, growth projections, and market challenges (forecast period) to determine business opportunities.
Microcontrollers are small computers which include a core processor, memory, and some programmable input and output peripherals. These play a vital role in an embedded system widely used in most of the electronic products owing to the influences of low power consumption and low costs as these are integrated within a chip. The microcontrollers have been used productively in various electronic products making the microcontroller embedded system market to grow significantly in the years to come.
Key Players
The key participants identified by MRFR in the global microcontroller embedded systems market are- Altera Corporation (US), Atmel Corporation (US), ARM Holdings (UK), Infineon Technologies (Germany), Freescale Semiconductor (US), Intel Corporation (US), Microsoft Corporation (US), Microchip Technology (US), Renesas Electronics Corporation (Japan), NXP Semiconductors (Netherlands) among others.
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Factors Driving Market Growth
The broadening scope of electronic products having technology upgradation has raised the demand in the development of new products and solutions, hence, creating positive ways for microcontroller embedded system market to grow from a sluggish growth observed in the past years. The demand has led to open the avenues for new opportunities as the consumption percentage of electronic goods are increasing. The developments witnessed in microcontrollers embedded systems, the automotive market is the prime market as this industry has grown tremendously in the last decades, hence, boosting the demand for microcontroller embedded systems eventually.
Moreover, various industry verticals such as smartphones, automobiles, and healthcare are aiding market growth by incorporating touchsensing capabilities in designs. Many microcontroller manufacturers are investing a good amount of share in the developments and setting applications to enhance the product accessibility, for instance, portable electronics such as cell phones, media players and gaming.
Despite productive use of microcontrollers embedded system in the automotive industry, the market share is the largest on account of increasing adoption of small-size electronic and electrical components in vehicles. Further, soaring uptake of sensing devices and technologically advanced infotainment systems is also estimated to drive the microcontroller embedded systems market with a confident pull.
In addition, the evolution of artificial intelligence also has set to receive a further fillip in the microcontroller embedded systems market creating a positive impact on the microcontroller embedded systems market with promising uptake by Forecast Period.
Market Dynamics
Growing demand for automatically controlled products and services, such as automobile control systems, medical devices, remote controls, power toys, and office machines, is primarily driving the microcontroller embedded systems market over the forecast period. Nevertheless, factors such as less flexibility, since all components are integrated into a single chip, and restricted performance since the size of the memory is constrained by what can be accommodated on the chip, are expected to restrict market growth over the forecast period.
In the sense of IoT, microcontroller embedded systems are economical and popular due to numerous applications such as data collection, sensing, and actuating the physical world as edge devices. Such applications are expected to provide lucrative opportunities over the forecast period.
Market Segmentation
For a better understanding of the report, the global microcontroller embedded systems have been segmented on the basis of scale, type, and applications.
Based on the scale, the global microcontroller embedded systems have been segmented into small scale embedded system, medium scale embedded system, and large scale embedded system.
Based on type, the global microcontroller embedded systems have been segmented into software and hardware. The hardware segment had the largest market share in 2019 and is projected to remain dominant over the forecast period. Many of the main components of embedded hardware include microcontrollers, microprocessors, analog to digital signal processors, digital to analog signal processors, high-pass filters, low-pass filters, sensors, and print circuits. They are used for application specific tasks.
Based on application, the global microcontroller embedded systems have been segmented into automotive, healthcare, telecommunication, consumer electronics, aerospace and defense, and others.
Regional Analysis
Region-wise, the global microcontroller embedded systems have been segmented into North America, Europe, Asia Pacific, and the Middle East& Africa.
North America is currently leading the market for microcontroller embedded systems. Growth in the IoT in the US and Canada is helping the microcontroller embedded system market and is projected to hit significant market size in North America during the forecast period with a robust CAGR.
Europe is the second-largest market as countries such as Germany, France, and Italy are some of the countries that come under the umbrella of developed countries that have a significant consumption-rate microcontroller embedded systems.
The Asia Pacific emerged as the fastest-growing region. Various factors, such as the growing penetration of smartphones, the trend in smart home applications, and the development of industrial and healthcare infrastructure, are expected to fuel the growth of the region's microcontroller embedded system market.
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Global Embedded Systems Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “ Provides In-Depth Analysis Of Parent Market Trends, Macro-Economic Indicators And Governing Factors Along With Market Attractiveness As Per Segments.Introduction:An embedded system is a combination of software and hardware which together facilitate the accurate functioning of a target device.
These systems are used across a diverse range of application areas which include automotive, telecommunication, healthcare, industrial, consumer electronics, and military & aerospace among others.
The global embedded system has been segmented on the basis of hardware and software, including processor IP, microcontrollers and microprocessors, digital signal processors, application-specific integrated circuit, field processing gate arrays, embedded boards, operating systems, software development and testing tools, middleware, open-source software and tools.Scope of the Global Embedded Systems Market ReportThis report focuses on the Embedded Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
This report categorizes the market based on manufacturers, regions, type and application.Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2176209 The worldwide market for Embedded Systems is expected to grow at a CAGR of roughly 5.6% over the next five years, will reach 95400 million US$ in 2023, from 68900 million US$ in 2017, according to a new GIR (Global Info Research) study.Embedded hardware covered over 93% of the market share in 2015, and is projected to dominate the market over the estimated period.
Growing demand for vehicles outfitted with car-to-road communication facilities and efficient navigation is estimated to drive the market.
Key market players include NXP (Freescale Semiconductor), Renesas Electronics, Intel Corporation, Xilinx, Altera, Infineon Technologies, Microchip, Fujitsu Limited, STMicroelectronics, Atmel and Texas Instruments, Inc. among others.The embedded system industry is moderately competitive, with top ten vendors accounting for about 40 % of the industry share.
