Embedded System Market: Trends, outlook and Opportunity Analysis 2021
The applications of embedded systems have increased drastically over the past years, especially in the automotive industry. Multi-core technologies are being appreciated and are now in great demand across various industry verticals. Embedded graphics systems have now become a mainstay in consumer electronics, which is another industry growing at an exceptional rate. Healthcare, defense, aerospace, and telecommunications are other industries where the use of embedded systems is bringing about a sea of changes for the better. Embedded systems are also finding a wide range of use in the current high demand concept of smart electronics and connected devices. The cumulative growth in demand for embedded systems through all these application industries is expected to be a high impact driver for its global market and all its players. The revenue generated in the global market for embedded systems is, as a result, expected to progress at a strong CAGR of 6.4% from 2015 to 2021. This market is expected to reach US$233.19 bn by the end of 2021. Obtain Report Details @ http://www.transparencymarketresearch.com/embedded-system.html By the end of 2021, the demand for embedded systems in North America is expected to generate a revenue of US$89.87 bn, which will be the leading share at the time. The demand for embedded systems in this region has always been very high due to a head start this region gained from early penetration in the U.S. This region has housed a great number of the key players currently functioning in the global market, including Intel Corporation, Texas Instruments, and Freescale Semiconductor. The high level of research and development efforts taken by these companies has increased the self-reliance of the embedded systems market in North America and eventually had a positive impact on the global market as well. Asia Pacific held the second place in the top revenue generating regions for embedded systems players in 2014 and is expected to retain its position till 2021. China, Taiwan, South Korea – to name a few – are well on their way towards large scale implementation of modern embedded