The Embedded Systems in Automobile Market was valued at USD 6.9 Bn in 2021, at CAGR of 8.4% during the forecast period (2022-2030), and the Market is projected to be worth USD 14.2 Bn by 2030.
The increased adoption of Embedded Systems in Automobile in the Sensors & Controls industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Embedded Systems in Automobile also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Embedded Systems in Automobile in many sectors also boosts the market growth during the forecast period.
Embedded systems are a mix of computer hardware and software that perform a specific job in order to increase efficiency and decrease pollution. An embedded system is a component of an automobile’s safety system that is utilised in anti-lock braking, electronic stability control, traction control, and automatic four-wheel drive. The hardware of an embedded system contains a microcontroller, an integrated circuit, a central processing unit, and other components, while the software includes operating systems such as Linux, Windows, Java, and others. The embedded technology increases the vehicles’ dependability, flexibility, strength, speed, precision, and performance. Smart devices, GPS, parking sensors, and multimedia items, as well as government measures to limit emissions and boost fuel efficiency, have all contributed to market expansion.
Embedded Systems in Automobile Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Hardware, Software), application (Infotainment & Telematics, Body Electronics, Powertrain & Chassis Control, Safety & Security), Product (Passenger Vehicle, Two-Wheelers, Commercial Vehicle), Components (Sensors, MCU, Transceivers, Memory Devices), and companies (BorgWarner Inc, Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, Mitsubishi Electric Corporation, Panasonic Corporation, Robert Bosch GmbH, Texas Instruments Incorporated, Toshiba Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 8.4%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||14.2 Billion|
|By Type||Hardware, Software|
|By Application||Infotainment & Telematics, Body Electronics, Powertrain & Chassis Control, Safety & Security|
|By Product||Passenger Vehicle, Two-Wheelers, Commercial Vehicle|
|By Components||Sensors, MCU, Transceivers, Memory Devices|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||BorgWarner Inc, Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, Mitsubishi Electric Corporation, Panasonic Corporation, Robert Bosch GmbH, Texas Instruments Incorporated, Toshiba Corporation|
The COVID-19 pandemic has had a substantial negative influence on the Embedded Systems in Automobile market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
BorgWarner Inc, Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, Mitsubishi Electric Corporation, Panasonic Corporation, Robert Bosch GmbH, Texas Instruments Incorporated, Toshiba Corporation
Market Segment Analysis:
- Passenger Vehicle
- Commercial Vehicle
- Memory Devices
- Infotainment & Telematics
- Body Electronics
- Powertrain & Chassis Control
- Safety & Security
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Embedded Systems in Automobile industries in the region.
Key Embedded Systems in Automobile Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Embedded Systems in Automobile Market segments.
– Largest Market Share Held by Industry to Industry for Embedded Systems in Automobile
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Embedded Systems in Automobile Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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