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Embedded Products in Market Overview, Manufacturing Cost Structure Analysis, Growth Opportunities By 2027 By Zaraki Kenpachi - June 17, 2021
Embedded systems market is one of the most robust, and innovative frontier for technological development. In 2007, Barr Micheal, a leading global expert on embedded system said, the systems were used in over 98% microprocessors used back then. The market just promises to expand its scope for growth with new applications like home automation, electric vehicles, and global smart initiatives like Internet of Vehicle, driven by Internet of Things. According to TMR experts, the embedded systems market will reach a valuation of US$338.34 bn by 2022. The market promises to exhibit notable growth a CAGR of 6.4% during 20192027. Get sample copy of “Embedded System Market” at: https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=995 Growth of 5G, and Rising Penetration of IoT to Promise Tremendous Growth The advancements in consumer electronics has emerged as a major positive recently. The technology has enabled developments like Personal Area Network, advanced personal control to mobile users, and concepts like smart home automation. Among these, the smart home automation promises opportunities in many areas including lighting, security, lawn / gardening management, smart home appliances, advanced home entertainment systems, AI personal assistants, and HVAC systems. The home automation is expected to receive a major boost in the near future, as major carries like Verizon have rolled out 5G technology already in key markets like the US. Moreover, the technology has already been widely adopted in China, wherein the government has driven key infrastructure developments like IoV on the back of advanced networking capabilities. One of the biggest pain point or opportunity in the market is expected to remain the efficiency, and advanced