On the basis of type, end user and geography, the global embedded systems market can be segmented. Hardware and software define the market while bifurcating it on the basis of type. The various end users of the embedded computing systems include automotive, communications, consumer electronics, industrial energy, healthcare, etc. Geographically speaking the markets are divided into North America, Asia Pacific which includes China, Japan and so on.
The leader of the global embedded computing market is North America currently due to their high adoption of technology, presence of many prominent players in the market and the innovative embedded computing solutions delivered by these important players in the region. Asia Pacific is projected to showcase significant rapid growth in the market as the region has been undergoing drastic changes including improvement in standard of living, evolution of Internet of Things, and fall in prices of consumer electronic products.
Most geographical markets are growing pertaining to the advancement in technologies; their adoption and acceptance. In addition to this, penetration of embedded computing in consumer electronics sector, demand in defense sector and industrial processes along with development, innovation in healthcare sector and finally evolution of Internet of Things has provided the key players a solid platform. The growth of CAGR at 6% in the forecast period between 2016 and 2022 along with attaining a market value of more than $200 billion is being projected for the embedded computing systems market.
Certain threats that can hamper the market growth include the high cost of initial investment involved and the challenging task of designing and configuring the systems equipped with embedded computing technology. The market growth may also slow down pertaining to the strong competition among the major players of the market and the complex hardware configuration.
Few more points to explain further about the embedded computing market include:
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