Embedded Systems in Automobiles Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

An embedded system is a set of computer hardware and software that performs a certain job, either fixed or programmed, in order to increase efficiency and reduce pollution. The embedded system is a critical component of anti-lock braking, electronic stability control, traction control, and automated four-wheel drive systems in automobiles. The embedded system hardware includes microcontroller or microprocessor, integrated circuit, central processing unit, and others. The embedded software system includes operating system such as Linux, Windows, Java, and others.

MARKET SCOPE

The "Global Embedded Systems in Automobiles Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the embedded systems in automobiles market with detailed market segmentation type, component, vehicle type, and geography. The report provides key statistics on the market status of the leading embedded systems in automobiles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global embedded systems in automobiles market is segmented into embedded hardware, and embedded software.
  
•   On the basis of component, the market is segmented into sensors, microcontrollers (MCU), transceivers, and memory devices.
  
•   On the basis of vehicle type, the market is segmented into passenger cars, and commercial vehicles.
  

MARKET DYNAMICS

Drivers:

•   Increase in modernization in the automobile industry, vehicle electrification, safety, and comfort are expected to boost embedded system during the forecast period.
  
•   Rise in demand for embedded systems, which are generally available in the cars
  

Restraints

•   Automotive embedded systems have a short life, which is estimated to restraint the embedded systems in automobile market during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The embedded systems in automobiles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the embedded systems in automobiles market in these regions.

IMPACT OF COVID-19 ON EMBEDDED SYSTEMS IN AUTOMOBILES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the embedded systems in automobiles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from embedded systems in automobiles market are anticipated to lucrative growth opportunities in the future with the rising demand for embedded systems in automobiles in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the embedded systems in automobiles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BorgWarner Inc
  
•   Continental AG
  
•   Denso Corporation
  
•   Harman International
  
•   Infineon Technologies AG
  
•   Mitsubishi Electric Corporation
  
•   Panasonic Corporation
  
•   Robert Bosch GmbH
  
•   Texas Instruments Incorporated
  
•   Toshiba Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Embedded Systems in Automobiles Report Scope