Embedded Software Market

Embedded software market to register expansive growth from the proliferation of IoT, presence of industry leaders in North America to augment the regional growth

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Endowed with a profound application landscape spanning the automotive, healthcare and IoT sectors, the embedded software market has witnessed tremendous growth over the recent years. In the proliferating automobile sector in particular, the technology is used to drive complex embedded systems that perform vehicular applications like adaptive cruise control, anti-lock brake controls, GPS navigation, drive by wire, airbag control, suspension adjustment, wiper controls, tire pressure monitoring and more.

Japan Embedded Software Market Share, By Application, 2018

Additionally, in the booming era of electric vehicles, embedded software has effectively helped enhance driving experience for users by monitoring key vehicle aspects like power electronics devices as well as controlling tasks like battery management and power flow control. The proliferation in autonomous self-driving vehicles has also helped embedded software market garner lucrative returns. For instance, renowned global auto giants like Volkswagen, GM, Tesla, Waymo, BMW have been investing heavily in the autonomous vehicles sector. Reports from the Society of Motor Manufacturers and Traders (SMMT) project that autonomous and self-driving cars would add a value of around £51 billion a year to the UK economy by 2030.

Embedded software market to garner substantial momentum from the global medical sector

An increase in the demand for smart & connected IoT devices in the healthcare industry will have a positive impact on the embedded software market. The medical industry has, of late, emerged as the fastest growing adopter of IoT-enabled embedded OS devices. Using real-time monitoring, these devices could help save lives in times of medical emergency like heart failure, high diabetes, asthma attacks, etc.

Moreover, these devices can also collect and transfer health parameters like blood pressure, oxygen, blood sugar levels, weight and ECGs to the cloud and later share them with authorized personnel like doctors and insurance firms to take necessary steps. The development of advanced IoT-based medical devices like wearable fitness trackers would also help supplement growth of embedded software market from the medical industry.

Android to emerge as the topmost operation system for medical devices

Particularly in the medical sector, the Android OS has emerged as a vital force to reckon with. The software, although having gained prominence with its implementation in smartphones, has recently garnered immense traction in medical applications. With features like refined and modern GUI (Graphical User Interface), touch framework, advanced networking and communication offering, computational flexibility, and more, Android has emerged as a desired OS for medical device functioning.

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Moreover, by leveraging embedded Android, manufacturers can develop highly connected, modern medical applications with greater ease. For instance, in 2019, a study in JMIR Medical Informatics stated that a new Android & Windows-based application was developed recently that could allow physicians to predict short-term risks associated with adverse outcomes and suggest necessary treatment options for patients with chronic obstructive pulmonary disease (COPD). Such trends of advancements are anticipated to further supplement embedded software market growth over 2019-2025.

ARM Mbed RTOS segment to garner substantial returns in embedded software market

On account of the massive proliferation in connected IoT-devices, the ARM Mbed RTOS segment is expected to witness high growth scope in the embedded software market over the coming years. For the uninitiated, ARM Mbed OS is an open-source embedded OS specifically designed for running IoT applications. The operating system helps in reducing complexity and security issues linked with development, deployment and management of IoT devices.

Advancements and collaborations focused on reducing integration complexity will augment embedded software industry expansion from ARM Mbed as well. For instance, in 2018, ARM announced that its Pelion IoT Platform would align with Intel’s SDO (Secure Device Onboard) provisioning technology to onboard both x86 and ARM-based devices easier for IoT vendors and customers.

With the presence of renowned software giants including Microsoft, Intel and IBM, the North America embedded software market will garner commendable gains over the years to come. The surge in demand for connected IoT devices like Amazon Alexa, Google Home or smartwatches like the Apple Watch, have helped the embedded software market depict considerable growth in the U.S.

The introduction of advanced network technologies will also help the market expand across the region. For instance, in 2019, U.S. telecom giant Verizon launched its Narrowband IoT (NB-IoT) Network, specially developed for IoT applications, and announced that it would be available across the U.S., covering more than 92% of the country’s population. On account of the presence of strong industry contenders in the region, in tandem with the rise in demand for connected devices, North America held close to 50% of embedded software market share in 2018.

Embedded software-equipped products are thus witnessing growing adoption on account of their cost-saving property and efficient power consumption offering. With real-time systems, businesses can develop high-performance & low maintenance systems at profitable prices. The technology also helps reduce the overall development time & risks associated with product failure by accurately monitoring products on a real-time basis. As per estimates, embedded software market size is anticipated to exceed USD 20 billion by 2025.

Author NameMateen Dalal

Increasing adoption rate of smart meters is expected to drive embedded system market

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Global Market Insights Inc. announces the release of a comprehensive research report on Embedded Systems. The report projects the market to witness burgeoning growth and surpass US$258.72 billion by 2023. Smart grid initiatives, rising investments in automation technologies and persistent growth in consumer electronic devices segment is likely to drive the demand.

View a summary of the “Embedded System Market Size, Industry Analysis Report” @ https://www.gminsights.com/industry-analysis/embedded-system-market

Following are the projected key trends:

  • Designing Secure Systems on Focus
  • Emergence of M2M Communication drives Demand for Embedded M2M Solutions
  • Smart devices and vehicles open up the application avenues
  • Growing Role of Electronic Control and Signaling in Railway Networks creates prospects
  • Advancement in Medical and Healthcare Boosts Market Opportunities

Embedded system is a combination of computer software and hardware specifically designed or programmed to execute a particular function. It plays an important role in almost every electronic device. An MP3 player, cell phone, control menu on TV systems, are a few examples of day to day applications of this system.  It is found wide acceptance in every sector including automobiles, Industrial machines, cameras, medical equipment, airplanes, household appliances, toys, vending machines, and many more. It is a key enabler of a smart device. The advent of semiconductor technology has led to declining costs of microprocessors together with reduced manufacturing costs have contributed to widen the horizon of advanced microcontrollers’ applications.

Embedded System Market Size

Consumer electronics is one of the key end-use sectors for this market. Proliferation of smart devices like smart phones, LED TVs, electronic and home appliances is likely to open new avenues for the market. At present, the consumer electronics sector is witnessing significant growth owing to technology trends like mobility, miniaturization and digitalization. Furthermore,   growing demand for smart living with smart devices like advanced gaming consoles, portable devices like video players, sophisticated digital cameras, and home appliances including dishwashers, refrigerators, dryers, washing machines, air conditioners, and electric cookers is anticipated to fuel the market growth.

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North America embedded system market size is projected to be worth 84 billion at a growing CAGR of 5.7% in the near future. Europe is anticipated to pick up the pace during the projected period and surpass USD 62 billion over the predicted time frame. Asia Pacific market is likely to register USD 81 billion by 2023 owing to the largely available skillful professionals in software development.

Key participants of the moderately competitive market include Renesas Electronics, Freescale Semiconductor, Microchip, Infineon Technologies, Atmel Corporation, Samsung, STMicroelectronics and Texas Instruments.

Author NameDhananjay Punekar