Embedded System Market to be worth US$338.34 bn by 2027

1. Embedded System Market to be worth US$338.34 bn by 2027 December 16, 2021 The global market for embedded system has been exhibiting a lucrative growth pace over the years owing to the vast rise in uptake of devices with embedded systems in commercial as well as domestic uses. The market has also witnessed vast developments owing to advancements in areas such as material sciences, manufacturing techniques, and R&D activities. The rising level of competition in the market has compelled companies to focus on expansion of product portfolios and geographical outreach. The market is likely to benefit from increased demand for advanced electrical and electronics devices in areas such as automotive and home automation systems. According to the report, the global market for embedded systems will rise to US$338.34 bn by 2027, exhibiting a promising 6.4% CAGR from 2019 to 2027. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

2. embedded system market 01 Request a sample to get extensive insights into the Embedded Systems Market Auto Industry to Present Impressive Growth Opportunities Sector before Embedded Systems Market Of the key application areas of embedded systems, the automotive industry is likely to account for a promising share of 18.3% of the overall market by 2021. The industry will Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

3. continue to hold the largest slice in the revenue pie of the global market over the report’s forecast period. This can be chiefly attributed to the increased uptake of a variety small-sized electrical and electronic components in vehicles. The rising demand for a variety of sensing devices and technologically advanced infotainment systems will also continue to make the automotive industry a lucrative application segment for the global embedded systems market in the near future. Other key application areas of embedded systems include consumer electronics and defense and aerospace. The consumer electronics industry, especially, has been gaining massive traction over the years as consumers spend increased funds on devices such as smartphones, laptops, and tablets for their personal use. Adoption of smart electronics devices as a part of smart home setups also help make the electronics industry a leading application segment for the embedded systems market. To understand how our report can bring difference to your business strategy, Ask for a brochure North America and Asia Paci?c to Remain Bigwigs in Overall Market From a geographical standpoint, the North America market is expected to account for the dominant slice in the revenue pie of the global market over the report’s forecast period. The region has been at the forefront of several developments in the field of electrical and electronics. The region is also home to some of the leading technology companies across the globe, including Freescale Semiconductor, Intel Corporation, and Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

4. Texas Instruments. The highly encouraging R&D sector is also a leading factor strengthening the embedded systems market in the region. Asia Pacific also holds a significant share in the global embedded systems market and is likely to continue being one of the most lucrative regional markets over the report’s forecast period. The automotive and consumer electronics industries in countries such as South Korea, China, and Taiwan are undertaking the large-scale implementation of advanced embedded systems. As a result, the demand for embedded systems in the region is likely to continue to rise in the region in the near future as well. Stuck in a neck-to-neck competition with other brands? Request a custom report on “Embedded Systems Market” Some of the leading companies operating in the global embedded systems market are Samsung Electronics Corporation, • Renesas Electronics Corporation, • Infineon Technologies, • Freescale Semiconductor, • Fujitsu, • Atmel Corporation, • Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

5. Microchip Technologies, • STMicroelectronics, and • Texas Instruments. • About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial! Contact 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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