Automotive Embedded System Market to 2028 | Industry Analysis

The automotive embedded system market is projected to reach US$ 7,051.11 million by 2028 from US$ 4,483.81 million in 2021; it is expected to grow at a CAGR of 6.7% from 2021 to 2028.

An automobile embedded system is a computerized system that is built into a car and controls many tasks. It is designed to regulate data and service mechanisms. The automobile embedded system relies heavily on software. The majority of automotive embedded systems are used in automobiles to save energy and reduce emissions, as well as to meet high reliability and safety standards. They also help in meeting the safety, comfort, and cost criteria of end users. Changes in system design and software development, and advancements in integrated services would open up new business prospects.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Automotive Embedded System Market: Strategic Insights

Automotive Embedded System Market

• 
  CAGR (2021 - 2028)

  6.7%
• Market Size 2021
  US$ 4.48 Billion
• Market Size 2028
  US$ 7.05 Billion

Market Dynamics

GROWTH DRIVERS

• XXXXXXX
• XXXXXXX
• XXXXXXX

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• XXXXXXX
• XXXXXXX
• XXXXXXX

Key Players

• Continental AG
• Denso Corporation
• Garmin Ltd
• Harman International
• Infineon Technologies AG
• Mitsubishi Electric Corporation
• NXP Semiconductors
• Panasonic Corporation
• Robert Bosch GmbH

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Software and Hardware

Component

• Memory Devices
• Microcontrollers
• Sensors and Drivers

Application

• Powertrain & Chassis Control
• Body Electronics
• Multimedia and Integrated Systems/Services

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Rising demand for electric vehicles across the world, and elevating adoption of embedded systems in electric and hybrid vehicles due to their ability to reduce pollution and improve efficiency are expected to drive growth of the global automotive embedded systems market during the forecast period. Increasing customer attention toward the safety features of automobiles, growing automation in the automotive sector, and government attempts to limit emissions and enhance fuel efficiency are expected to facilitate the growth of the automotive embedded system market during the forecast period. Furthermore, rising demand for connected cars, as well as increased need of sensors and engineering systems in vehicles, is likely to drive the market growth in the coming years.

The electrification of transportation has been one of the primary developments of the 21st century. According to Forbes, the global sales of electric vehicles (EVs) increased by 65% from 2017 to 2018, reaching 2.1 million vehicles, and the sales numbers remained stable in 2019. Governments across the world are introducing various policies and taking initiatives to encourage the use of electric cars. Programs such as India's Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme, California's Zero-Emission Vehicle Program, and the European Union's Green Cars Initiative encourage the adoption of electric vehicles by providing subsidies, tax breaks, and other incentives. Many governments have also started a number of projects in collaboration with private businesses to build charging infrastructure. These activities are contributing to the growth of the global electric vehicle industry, thus boosting the demand for embedded systems in the manufacturing of these cars. Rising fuel prices and global fossil fuel reserve depletion are prompting a shift to renewable energy sources. Automotive players are manufacturing new electric car models with a greater appeal. Furthermore, commercial vehicle fleet owners are replacing their older vehicles with electric vehicles to embrace the cost-saving benefits. Further, reductions in the costs of electric automobiles are bolstering the global electric vehicle sector, which is, in turn, boosting the automotive embedded system market.

Impact of COVID-19 Pandemic on Automotive Embedded System Market

The COVID-19 outbreak adversely affected the overall growth rate of global automotive embedded systems market in 2020 to some extent, due to supply and demand disruptions across the automotive value chain. However, with the sudden growth in vaccination drives and continuous updates in COVID-19 safety protocols, the government restrictions are being relaxed, which is likely to boost the production capabilities of both civil and body electronics, thereby normalizing the automotive embedded systems market growth during the forecast period.

Market Insight

Increasing Demand for Infotainment Drives Automotive Embedded System Market Growth

With the transforming mobility industry, the scope of infotainment systems is expanding to provide car occupants with greater safety features, additional functionality, and entertainment alternatives. Smartphone connectivity allows users to access messages and information through Wi-Fi and Bluetooth connectivity, making it easier to work on the go. These infotainment systems provide a digital experience in vehicles, with digital assistant, several screens, and various input methods. The incorporation of digital interfaces allows automotive suppliers and OEMs to create interfaces that display real-time data in a more suitable manner. The digital interfaces also confer a wider range of functions, allowing manufacturers to perform a number of safety-critical functions, including ADAS.

Type Segment Insights

An embedded system is a combination of hardware and software components, and is based on a microprocessor or microcontroller that is designed to perform certain tasks in the automotive sector. Automobile embedded software allows drivers to record scalable data to get important insights regarding vehicle performance and drivers’ behavior. Embedded automotive software solutions help predict maintenance requirements and avoid automobile accidents. Furthermore, the emergence of connected automobiles is compelling automotive firms to improve their embedded automotive software development capabilities to bridge the gap between a car and a mobility ecosystem, further bringing improvements in vehicle performance based on in-vehicle and beyond-vehicle data. Companies are releasing new software solutions to provide all-around assistance. Intellias provides embedded software services to improve the operation of multimedia systems, in-car networks, telematics, ADAS, body electronics, power train ECU, and transmission ECU components. The vast knowledge of the company allows it to design complicated systems for ECU firmware updates, telematic control unit software, vehicle tracking systems, powertrain controller software, and other comparable systems and components, based on ASPICE-certified methods.

Component Segment Insights

Based on component, the automotive embedded systems market is segmented into memory devices, microcontrollers, and sensor and drivers. Automobile sensors are cognitive sensors that may be used to regulate and process oil pressure, temperature, pollution levels, coolant levels, and other variables. Several types of sensors are used in automotive, but understanding their operations is critical. Various companies are offering advanced sensors based on application requirements. These sensors collect data needed for vehicle function management, adaption, and reaction, which can be used to improve safety, comfort, and efficiency of the vehicles. Sensors and drivers are used in many modern nervous systems, including automobiles, trucks, buses, and off-road vehicles. Automotive sensors from TE are designed and manufactured as per stringent standards, frequently on a bespoke basis.

Application Segment Insights

Based on application, the automotive embedded systems market is segmented into powertrain & chassis control, body electronics, and multimedia and integrated systems/services. The automotive multimedia and integrated systems (MIDS) are a combination of hardware and software that deliver audio or video entertainment. Automobile navigation systems, video players, USB and Bluetooth connectivity, carputers, in-car internet, and Wi-Fi were among the primary in-car entertainment systems that are compatible with radio players and cassette or CD players. The ICE systems can now feature steering wheel audio controls, handsfree voice control, touch-sensitive preset buttons, and touch displays on higher-end devices, in addition to simple dashboard knobs and dials.

The automotive embedded system market players focus on new product innovations and developments by integrating advanced technologies and features to compete with the competitors. In January 2021, DENSO Corporation and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, announced a collaboration on next-generation cockpit technologies. DENSO will increase the usability of integrated cockpit systems and in-vehicle infotainment products, as well as develop in-vehicle solution technologies for these systems.

Automotive Embedded System Market – by Type

• Software
• Hardware

Automotive Embedded System Market – by Component

• Memory Devices
• Microcontrollers
• Sensor and Drivers

Automotive Embedded System Market – by Application

• Powertrain & Chassis Control
• Body Electronics
• Multimedia and Integrated Systems/Services

Automotive Embedded System Market – by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

Automotive Embedded System Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

 

Automotive Embedded System Market – Company Profiles

• Continental AG
• Denso Corporation                 
• Garmin Ltd.          
• Harman International                  
• INFINEON TECHNOLOGIES AG     
• Mitsubishi Electric Corporation             
• NXP Semiconductors.               
• Panasonic Corporation           
• Robert Bosch GmbH   
• System Controls Technology Solutions Pvt. Ltd.