Automotive Embedded System Market Opportunities Forecast To 2024

-

Automotive Embedded System Market Overview
The global automotive embedded system market is anticipated to observe an extensive growth in the coming years, due to growing trend of vehicle electrification and automation, growing demand for safety and comfort features in automobiles, and government stringent regulations for automobile emission in many countries. In addition, increasing demand for electric and hybrid vehicles is also fuelling the demand for embedded systems in automobiles. Furthermore, advancement in hardware and software technologies in recent years is further expected to boost the growth of the market in the near future.

On the basis of type, the automotive embedded system market is bifurcated into hardware and software. The hardware category is expected to continue to hold the major share in the market. However, software is expected to be the fastest growing category, owing to increasing demand for human machine interference (HMI) in automobiles and increasing software content in advanced applications of the vehicles.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/automotive-embedded-system-market/report-sample

On the basis of component, the automotive embedded system market is categorized into sensors, microcontrollers, transceivers, and memory devices. Sensors are expected to be the largest category during the forecast period. However, on the basis of application, safety and security is expected to be the largest category in the market. Mandatory regulation for installation of safety features in automobile such as electronic brake-force distribution (EBD) system, tire pressure management system (TPMS), airbag, antilock braking system (ABS), and electronic stability system is expected to drive the market of this category during the forecast period.

Geographically, Asia-Pacific is anticipated to be the largest automotive embedded system market during the forecast period, due to increasing vehicle production in many countries of this region, improving socio-economy condition, and growing demand for electric vehicles, especially in China.

Opportunity
Growing trend of autonomous vehicle is one of the key opportunities for vendors operating in the automotive embedded system market. In recent years, many automakers, tech companies, telecom providers, software start-ups, research institutions, insurance companies, and others have joined forces to accelerate the growth and development of autonomous vehicles. For instance, in 2016, General Motors has invested $500 million in Lyft, an on-demand transportation company based in the U.S., to expanded its research and development (R&D) with Mobileye, Honda, and Volkswagen. Similarly, Ford Motor is collaborating with Google, Amazon, and AT&T, for the development and promulgation its SmartDeviceLink software. Also, Toyota Motor expanded its five-year telematics partnership with Microsoft and invested $1 billion into R&D in 2016.

Automotive Embedded System Market Competitive Landscape
Major key players operating in the global automotive embedded system market are Intel Corporation, Continental AG, DENSO Corporation, Delphi Technologies PLC, Harman International Industries Inc., Panasonic Corporation, Infineon Technologies AG, National Instruments Corporation, Atmel Corporation, Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, NXP Semiconductors NV, Robert Bosch GmbH, Texas Instruments Inc., and Toshiba Corporation.

Comments

Post a Comment

Popular posts from this blog

Demand for Electric Bike Set for Stupendous Growth in China and Post 2020, Buoyed by the Global COVID-19 Pandemic

-
In the 1950s, less than 20% of the Chinese people were urban dwellers, and by 2018, this percentage had soared to 59%, as per the World Urbanization Prospects 2018 report of the United Nations (UN). This has led to a massive rise in the number of automobiles on the roads of China, in part, making it the largest carbon emitter in the world. As a result, its government has been strongly encouraging the public to adopt electric vehicles (EV) by implementing stringent emission regulations and offering purchase subsidies and tax rebates. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/china-electric-scooters-and-motorcycles-market/report-sample P&S Intelligence says that the increasing urbanization level, which is expected to touch almost 70% by 2030, will drive the electric bike market in China from $7.7 billion in 2017 to $12.5 billion by 2025, at a 6.1% CAGR during 2018–2025 (forecast period). As per the Health Effects Institute and Tsing...
Read more

Automotive Camera Module Market Future Estimations Till 2030

-
Image
The Global New Car Assessment Programme (Global NACP) launched by the Towards Zero Foundation aims to create a world that is free from road fatalities and serious injuries. This programme supports the democratization of vehicle safety by encouraging the adoption of advanced automotive designs and technologies across the world. Additionally, NACP also aspires to promote the deployment of vehicle safety technologies with proven effectiveness by increasing public awareness regarding such features and supporting their mandatory application. To comply with the safety standards of this programme, automakers are increasingly integrating automotive camera modules in their offerings. Additionally, the accelerating demand for autonomous and luxury vehicles will also contribute to the progress of the automotive camera module market during 2020–2030. According to the Autonomous Vehicle Implementation Predictions: Implications for Transport Planning, published by the Victoria Transportation Policy ...
Read more

Opportunities for the Micromobility Market in the Future

-
Image
Taking out a car for short distances doesn’t make sense anymore, since air pollution is wreaking havoc on people. As most cars on the roads are still powered by diesel or gasoline (known as petrol in Commonwealth countries), people are shifting to lighter vehicles, such as scooters and motorcycles, since they release lower amounts of greenhouse gases. Going a step forward, many have started shunning personal vehicles altogether in favor of shared mobility. The concept of shared mobility, when applied to two-wheelers, is known as micromobility, which also includes kick scooter sharing services, apart from scooter sharing and bike (bicycle) sharing services. Request to Get the Sample Report@  https://www.psmarketresearch.com/market-analysis/micromobility-market/report-sample   P&S Intelligence claims that due to the various advantages of these services, the micromobility market will grow rapidly from $3.0 billion in 2018 to $9.8 billion by 2025, at a robust 19.9% C...
Read more