An embedded system is a physical computer system with integrated software that uses a semiconductor microprocessor to carry out a particular task as a stand-alone or large-scale system. The central component of embedded systems is an integrated circuit designed to advance compute activities and processes in real-time.
Currently, embedded systems have been increasingly used in the automotive sector. Embedded systems play a critical role in modern automotive systems by controlling various functions such as engine management, transmission control, anti-lock braking, and safety systems like electronic stability control and airbag deployment.
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The advantages of embedded systems in automotive systems are many, including increased efficiency and performance, enhanced safety, improved comfort and convenience, and greater reliability. They can also reduce the overall cost of automotive production and maintenance by minimizing the need for additional hardware and wiring.
According to a new report published by Allied Market Research, the embedded systems market was valued at $89.1 billion in 2021, and is estimated to reach $163.2 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
The growth drivers of embedded systems in the automotive systems market are:
- Increasing demand for connected and autonomous vehicles, which require advanced embedded systems to control various functions.
- Growing focus on vehicle safety and performance, which has led to the adoption of advanced embedded systems in safety-critical applications.
- Advancements in sensor technology, which has improved the accuracy and reliability of embedded systems in automotive systems.
- Growing demand for infotainment systems in vehicles, which has increased the need for embedded systems to control and manage multimedia and navigation functions.
- Rising consumer expectations for vehicle comfort and convenience, which has led to the development of advanced embedded systems for climate control, lighting, and other features.
- Increasing emphasis on fuel efficiency and emission reduction, which has led to the development of advanced embedded systems for engine management and energy management.
- Growing adoption of electric and hybrid vehicles, which require specialized embedded systems to manage battery charging, regenerative braking, and other functions.
The embedded systems in the automotive systems market is expected to cite the fastest CAGR of 10.0% during the forecast timeline. The redesign of the automotive sector is largely being driven by embedded technology. These systems are utilized by the ADAS technology found in hybrid and electric automobiles. The embedded system industry has expanded because of the rise in demand for electric and hybrid vehicles brought on by public awareness of the environment's declining condition. Thus it is anticipated to witness automotive segment as a fastest growing segment during the forecast period.
The key players profiled in the global embedded systems market report include Advantech, Analog Devices, Cypress semiconductors, Infineon Technologies, Intel Corporation, Microchip Technology , NXP Semiconductors, Qualcomm Incorporated, Renesas Electronics, STMicroelectronics and Texas Instruments, Inc.
Embedded Systems Market Report Highlights
| Aspects | Details |
|---|---|
| Market Size By 2031 | USD 163.2 billion |
| Growth Rate | CAGR of 6.5% |
| Forecast period | 2021 - 2031 |
| Report Pages | 265 |
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| By Region |
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The latest innovations in embedded systems in automotive systems include advanced driver assistance systems (ADAS), connected car technologies, and electric vehicle management systems (EVMS). Other innovations include predictive maintenance, autonomous driving technologies, and cybersecurity measures to protect against hacking and other threats.
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