The global embedded systems in automobiles market is anticipated to reach market size of around US$ 200 Bn by 2027 and is anticipated to grow at a CAGR of around 8% in terms of revenue during the forecast period 2020 – 2027.
An embedded system means a mixture of computer hardware and software and a dedicated feature to enhance performance and minimize contamination, either set in the power or programmed. The integrated system is part of the safety systems of vehicles, including the anti-lock braking system, electrical control of equilibrium, traction control and automatic four-wheel drive. It shows either the vehicle's windshield or a different screen detail. The embedded device hardware includes the Microcontroller or Microprocessor, the built in circuit, the CPU and others. The interconnected computing system contains a Debian, Windows, Java and other operating systems.
The development pattern for the automotive embedded device market in order to offer end users improved comfort and safety characteristics is the primary factor driving demand. Other factors affecting the demand include required controls in many countries including the inclusion of enhanced protection measures and the elimination in vehicle emissions. Furthermore the growth of the industry continues to be due to increased automotive demand and the rising number of electric vehicles. One of the key opportunities for manufacturers working on the automobile integration system market is the rising trend for autonomous vehicles. Over the last years, several manufacturers, telecommunications firms, telecoms companies, software entrepreneurs, research institutes, insurance firms and others have merged efforts to speed up autonomous vehicles growth and development. For instance, General Motors invested $500 million in 2016 in Mobileye, Honda and Volkswagen in Lyft, a US-based on-demand transport business, to extend its research and development ( R&D) operations. Likewise, Ford Motor cooperates in designing and promulgating the SmartDeviceLink app with Google, Amazon and AT&T. Furthermore, Toyota Motor has extended its five-year Microsoft-based telematics alliance to $1 billion in R&D in 2018.
Asia-Pacific is the largest and fastest-growing region, with that income and development of vehicles in developing countries such as China and expanding electricity car parks in Japan. According to the OICA figures, the country is leading vehicle manufacturing in China with a total of 29,015,434 vehicles produced in 2018, followed by Japan, India and South Korea. North America, owing to the development of the automobile and manufacturing industries in developing countries like the US and Canada and the adoption of new technology & strategies by leading players, is projected to account for the second-largest share in the automotive embedded device industry. The presence of influential car makers in the United Kingdom, Germany and France means that Europe is bound to mature. During the forecast period, Latin America and the area of the Middle East & Africa are predicted to experience rapid growth.
The major wheel, automobile components and factory development producer is continental AG (Germany). The company major market was spilt into automotive and rubber. The automotive group includes chassis & defense, engine and interior groups, and tires and ContiTech division are included in the rubber group. At present, the company hires 207,899 staff around the world, with 127 sites in 27 countries supplying the company's research & growth. In all major regions such as North America, Europe, and Asia Pacific, the organization operates. This illustrates that the organization does not rely on one particular market in order to produce profits, but aims to align the income from all major regions.
Some of the industry players include Continental AG, Intel Corporation, DENSO Corporation, Delphi Technologies PLC, Panasonic Corporation, Harman International Industries Inc., Infineon Technologies AG, Atmel Corporation, Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, NXP Semiconductors NV, National Instruments Corporation, Robert Bosch GmbH, Texas Instruments Inc., Toshiba Corporation, and others.
The global embedded systems in automobiles market is segmented as below:
Embedded Systems in Automobiles Market By Type
Embedded Systems in Automobiles Market By Vehicle Type
Embedded Systems in Automobiles Market By Components
Embedded Systems in Automobiles Market By Application
Infotainment & Telematics
Safety & Security
Powertrain & Chassis Control
Embedded Systems in Automobiles Market By Geography
Middle East & Africa
The market for embedded systems in automobiles is expected to reach a market value of around US$ 200 Bn by 2027
The embedded systems in automobiles market is expected to grow at a CAGR of around 8% from 2020 to 2027.
The passenger vehicles are the leading segment by vehicle type in the embedded systems in automobiles market.
Applications of these systems in the automobile industry, growing demand for these systems accompanied by embedded graphics, are expected to drive the growth of embedded systems in the automobile market.
Continental AG, Intel Corporation, DENSO Corporation, Delphi Technologies PLC, Panasonic Corporation, Harman International Industries Inc., Infineon Technologies AG, Atmel Corporation, Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, NXP Semiconductors NV, National Instruments Corporation, Robert Bosch GmbH, Texas Instruments Inc., Toshiba Corporation and others are the prominent players in the market.
North America held the highest market share in the embedded systems in automobiles market.
Asia Pacific is expected to be the fastest growing market over the forecast period.