San Francisco, California, December 21, 2017 – The global embedded system market is foretold to embrace the sparked escalation in the count of mobile users in both developing and developed countries as a primary growth factor. The penetration of mobile technology in urban populations could also play a major role in the growth of the market. The makers of a market research report by TMR Research foresee the market to gain momentum due to the application of embedded computers in the telecom industry as network and backend systems. Bearing the title “Embedded System Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” the report includes more factors that could augment market growth in future.
The mounting emphasis laid on the improvement of wireless communication infrastructure because of the increasing count of tablet and smartphone users requiring internet connectivity in several countries could raise the demand for embedded system. In terms of application, the world embedded system market is predicted to see a classification into aerospace and defense, industrial, consumer electronics, automotive, healthcare, and telecommunication sectors. Amongst these, the telecom industry could account for a larger part of the demand for embedded system. However, considering the exponential richness of the automotive industry in developing economies, it is expected to rise at a significant rate in the near future.
The world embedded system market is predicted to witness the opening up of new opportunities in the foreseeable future due to the rise of internet of things (IoT). Along with embedded system, IoT could create scores of prospects in the coming years, although the latter is still in its nascent stage of development. IoT could negotiate fatal errors and also improve the efficiency of machines while revolutionizing the way in which machine-to-machine (M2M) communication is executed. For instance, in aircrafts, once engine sensors identify mechanical concerns, an embedded system could diagnose the situation and also transmit data to the right destination. All of these factors are prophesied to set the tone for a valuable growth in the market.
The potential of the international embedded system market could be prominent in key regions such as the Middle East and Africa (MEA), Europe, Latin America, Asia Pacific (APAC), and North America. Most research analysts are of the view that North America could be counted as a more lucrative region in the future. This could be due to Canada and the U.S. adopting advanced technology at a quick pace. APAC is also envisaged to increase the demand for embedded system in a multitude of developing economies such as China and India. The growth of the market in APAC could be enhanced with the rising significance of standards-based systems and their applications in a range of industries, including energy, transportation, and healthcare.
The attainment of a little over half of the shares by a handful of players could give an impression of the moderately fragmented nature of the worldwide embedded system market. Among the leaders of the market could be Renesas Electronics Corporation, Samsung Electronics Corporation, and Freescale Semiconductor. However, Advanced Micro Devices, Intel Corporation, and Qualcomm could be among the more dominating companies operating in the industry. The competition in the market is envisioned to intensify because of a limited target customer base. This could result in an increment in adoptability but low bargaining power of vendors and also initiate price wars.
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