Automotive Embedded System Market to 2028 | Industry Analysis

Automotive Embedded System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Software and Hardware), Component (Memory Devices, Microcontrollers, and Sensors and Drivers), and Application (Powertrain & Chassis Control, Body Electronics, and Multimedia and Integrated Systems/Services)

  • Report Code : TIPTE100000606
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 228
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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.

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Automotive Embedded System Market: Strategic Insights

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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 Regional Insights

The regional trends and factors influencing the Automotive Embedded System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Embedded System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

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Automotive Embedded System Market Report Scope

Report Attribute Details
Market size in 2021 US$ 4.48 Billion
Market Size by 2028 US$ 7.05 Billion
Global CAGR (2021 - 2028) 6.7%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Software and Hardware
By Component
  • Memory Devices
  • Microcontrollers
  • Sensors and Drivers
By Application
  • Powertrain & Chassis Control
  • Body Electronics
  • Multimedia and Integrated Systems/Services
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Continental AG
  • Denso Corporation
  • Garmin Ltd.
  • Harman International
  • Infineon Technologies AG
  • Mitsubishi Electric Corporation
  • NXP Semiconductors
  • Panasonic Corporation
  • Robert Bosch GmbH

  • Automotive Embedded System Market Players Density: Understanding Its Impact on Business Dynamics

    The Automotive Embedded System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Automotive Embedded System Market are:

    1. Continental AG
    2. Denso Corporation
    3. Garmin Ltd.
    4. Harman International
    5. Infineon Technologies AG

    Disclaimer: The companies listed above are not ranked in any particular order.


    automotive-embedded-system-market-speedometer

    • Get the Automotive Embedded System Market top key players overview

     

    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.
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    Type, Component, and Application

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    Which are the major companies operating in the automotive embedded system market?

    The major companies in automotive embedded system market are Robert Bosch GmbH; Continental AG; Panasonic Corporation; Texas Instruments Inc.; Mitsubishi Electric Corporation; Denso Corporation; Harman International; Verizon Communications Inc.; Intel Corp.; and NXP Semiconductors.

    Which are the major applications for automotive embedded system?

    The major applications in automotive embedded system includes powertrain & chassis control, body electronics, multimedia and integrated systems/services. In terms of market share, the market was dominated by the multimedia and integrated systems/services segment in 2020.

    Which type is expected to dominate the market in the forecast period?

    Based on type, the global automotive embedded system market is segmented into software, and hardware. The automotive embedded system market was dominated by the hardware segment in 2020.

    Which region has dominated the automotive embedded system market in 2020?

    Asia Pacific dominated the automotive embedded system market in 2020 with a share of 45.2% and is expected to continue its dominance by 2028. Europe is the second-largest contributor to the global automotive embedded system market in 2020, followed by North America.

    What are key market opportunities for automotive embedded system market?

    In the last two decades, autonomous driving has progressed from science fiction to a plausible prospect due to significant advancements in the radar technology and computer capability. Further, the portable technology has flourished to the point that ultralight electronics can make judgments based on self-improving algorithms, enabling engineers to emulate human decision-making in the design of autonomous vehicles. Furthermore, the next generation of completely autonomous cars would necessitate extremely intelligent systems that will be significantly more sophisticated than the existing embedded systems. These automobiles would require the functioning of multiple complicated artificial intelligence (AI) software and systems for navigation, road and vehicular awareness, traffic patterns, pedestrian awareness, and danger awareness and assessment systems, among others, on their computing systems. The process of addressing these computational and intelligence needs is likely to give rise to a new generation of embedded processors in the future, which would prove as a significant opportunity for the automotive embedded systems market players during the forecast period.

    What are key driving factors behind automotive embedded system market growth?

    Rising fuel prices and global fossil fuel reserve depletion have prompted a shift to renewable energy sources. Automotive players are manufacturing new electric car models, which are gaining appeal among customers. Furthermore, fleet owners of commercial vehicles are recognizing the cost-savings associated with using electric cars and are replacing their older vehicles with electric vehicles. The reduced operating costs of electric automobiles are a major factor bolstering the global electric vehicle sector, which is, in turn, boosting the automotive embedded system market.

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    The List of Companies - Automotive Embedded Systems Market

    1. Continental AG
    2. Denso Corporation
    3. Garmin Ltd.
    4. Harman International
    5. Infineon Technologies AG
    6. Mitsubishi Electric Corporation
    7. NXP Semiconductors
    8. Panasonic Corporation
    9. Robert Bosch GmbH
    10. System Controls Technology Solutions Pvt. Ltd

     

     


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