Does Embedded System Impact Your Everyday Life?
Embedded system is defined as the integration of hardware circuitry with software programming for providing project solutions. With the help of embedded system technology complexity of circuits can be reduced to a great extent which further decreases the cost and size. It works as an independent system or act as a part of large system and is a micro controller or microprocessor based system which is designed to perform a specific task.
The key players influencing the market are Intel Corporation, Infineon Technologies AG, Texas Instruments Incorporated, STMicroelectronics N.V., Fujitsu Limited, NXP Semiconductors N.V., Toshiba Corporation, Renesas Electronics Corporation., Qualcomm Technologies, Inc. and Marvell Technology Group Ltd among others.
Enhanced performance, low power consumption and can be easily customizable are the major drivers which help in surging the growth of embedded system market whereas security concern for embedded systems act as a restraining factor for this market. Adoption of embedded systems in smart cities will further boost the market in the coming years.
Need to Know all about Embedded Systems with Applications
Embedded computing systems are largely used in a variety of applications including home applications, office automation, banking and financial institutes, security, automobile, defense, personal, healthcare, and other sectors. The market for embedded computing has been driven by growing acceptance of consumer electronics and rise in adoption of artificial intelligence. Other factors impacting the global embedded computing market include growing digitization in healthcare & industrial automation and increasing demand in an automobile, defense, and other sectors. The demand for embedded computing is increasing worldwide due to potential growth in emerging economies as well as evolution in the Internet of Things (IoT).
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Changing dynamics in the developing countries has provided immense opportunities for the key players operating in the embedded computing market. Growing GDP and high adoption of technology have provided a potential customer base for the major players offering embedded computing solutions and services. Emerging economies that include India, China, Singapore, Brazil, Thailand, Mexico, Vietnam, United Arab Emirates, Malaysia, and others have the unique commercial environment and offer growth opportunities for key players to target untapped markets. Several government initiatives and rules & regulations have been resulting in increase in demand for embedded computing systems.
Reference: The Insight Partners
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