Embedded Technology Market – Overview
The Global Embedded Technology Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of Embedded Technology is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2027, beating its previous growth records in terms of value with a noticeable CAGR during the anticipated period (2017 – 2027).
The embedded technology refers to the combination of computer hardware and software which can be either fixed in capability or programmable. It is designed for any specific function within a larger system. Industrial machines, agricultural and process industry devices, automobiles, medical equipment, cameras, household appliances, airplanes, vending machines and toys as well as mobile devices are all possible locations to use embedded technology.
The growing demand for embedded technology in consumer electronics market and factors such as cost effectiveness and customization, is further driving growth of the global Embedded Technology Market. The growth and advancements in the field of electronics, wireless communications, networking, cognitive and affective computing and robotics in result is boosting the embedded technology market. The technologies which would fasten the communications, heavy data storage capacities and highly interwoven connections among the devices would be the future of electronics and the embedded technologies lies in this advancements. Therefore it is expected that embedded technology market would grow significantly in the coming years.
Texas Instruments (U.S.), Renesas Electronics Corporation (Japan), STMicroelectronics (Switzerland), Samsung (South Korea), Microsoft Corporation (U.S.), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), NXP Semiconductors (Netherlands), Atmel Corporation (U.S.), Infosys Ltd. (India) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Embedded Technology Market.
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Jan 2018 – Moortec, the specialist in embedded in-chip sensing, has announced the availability of their easy to integrate, high accuracy, embedded monitoring subsystem on TSMC’s 12nm FinFET Compact process technology (FFC). Moortec’s Process, Voltage and Temperature (PVT) monitoring IP is designed to optimise performance in today’s cutting-edge technologies, solving the problems that come about through scaling of devices.
Dec. 2017– EyeLock LLC, one of the leaders of iris-based identity authentication solutions and a wholly-owned subsidiary of VOXX International Corporation, has announced that they are going to showcase Access Control solutions suitable for both outdoor and indoor use at the 2018 Consumer Electronics Show in Las Vegas, NV. EyeLock is also going to release its new embedded iris authentication solution “Harrington,” which has been recently integrated directly into ViaTouch’s ground-breaking Auto-Retail Vending Solution enabled by Artificial Intelligence.
Embedded Technology Market – Competitive Analysis
The Market of Embedded Technology appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through extensive research and development. Competitors are also focusing towards customer satisfactions and innovation as the major focus for maintaining the market positions. Many start-ups are targeting small and medium business to provide budget friendly and effective Embedded Technology solutions to the large players in the electronics industry. On the other hand, large players are focusing towards production of innovative products and focusing towards strategic partnerships.
Embedded Technology Market – Segmentation
Segmentation by Platforms: Mobile, Web, Cloud & On-Premise and others
Segmentation By Hardware: Processor IP, Microcontrollers and microprocessors Digital signal processors, ASIC (Application-specific integrated circuit), FPGA (Field processing gate arrays)
Segmentation By Software: Operating Systems, Testing software, Open Source Software, Software Development
Segmentation by Application: Automotive, Consumer Electronics, Aerospace & Defence, Telecommunication, Healthcare among others.
Segmentation by Regions: North America, Europe, Asia-Pacific and Rest of the world
Embedded Technology Market – Regional Analysis
Asia-Pacific is dominating the Global Embedded Technology Market with the largest market share due to high consumption of electronic products in Asia-Pacific region. China and Japan are some major countries dominating the market. China is considered as the electronic hub and maximum adoption of embedded technology is exhibited in the market. Apart from it, North America has been a leader in digitization and also the rising IoT market is boosting the market in this region. Embedded Technology market in Europe region is expected to grow at a substantial CAGR during 2017 to 2027 owing to the increasing commercialization in this region. The European market for Embedded Technology Market is expected to grow at a considerable CAGR (2017-2027).
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