Automotive Embedded System Market
Automotive Embedded System Market Forecasts to 2028 – Global Analysis By Component (Microcontrollers, Sensors, Transceivers, Integrated Circuits, Drivers), Type, Vehicle Type, Electrical Vehicle Type, Application, and By Geography
Years Covered |
2020-2028 |
Estimated Year Value (2021) |
US $5.82 BN |
Projected Year Value (2028) |
US $10.16 BN |
CAGR (2021 - 2028) |
8.3% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Fastest Growing Market |
North America |
According to Stratistics MRC, the Global Automotive Embedded System Market is accounted for $5.82 billion in 2021 and is expected to reach $10.16 billion by 2028 growing at a CAGR of 8.3% during the forecast period. Automobile embedded system refers to a computerized system that is built into a car and controls many tasks. The automobile embedded system relies heavily on software. It is designed to regulate data and service mechanisms. The majority of automotive embedded systems are used in automobiles to save energy and reduce emissions, as well as to meet high reliability and safety standards.
Market Dynamics:
Driver:
Growing demand for infotainment
The scope of infotainment systems is expanding to provide car occupants with greater safety features, additional functionality, and entertainment alternatives owing to the transforming mobility industry. Smartphone connectivity allows users to access messages and information through Wi-Fi and Bluetooth connectivity, making it easier to work on the go. These infotainment systems provide a digital experience in vehicles, with digital assistant, several screens, and various input methods. Moreover, the incorporation of digital interfaces allows automotive suppliers and OEMs to create interfaces that display real-time data in a more suitable manner.
Restraint:
Rise of cyber threats
There is a lot of recent activity in automotive cybersecurity across multiple segments. Adhering to legislative rules is one reason for recent growth in automotive cybersecurity, as is the capabilities of cybersecurity solutions especially cloud-based services. The growing combination of connected and software defined vehicles, however, will further expose new attack surfaces. Cybercriminals can now steal vast amounts of Personally Identifiable Information (PII) data such as a passenger’s residence, credit card information, email information, and the destinations that a person visits. They can then use that information to craft and send convincing phishing emails with attempts to steal more information or to dupe victims into opening malicious links, therefore, giving them access to the victim’s personal computer.
Opportunity:
Rising demand for electric vehicles globally
Rising demand for electric vehicles across the world, and elevating adoption of embedded systems in electric vehicles due to their ability to reduce pollution and improve efficiency are expected to drive growth. The electrification of transportation has been one of the primary developments of the 21st century. Governments across the world are introducing various policies and taking initiatives to encourage the use of electric cars. Programs such as India's Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme, California's Zero-Emission Vehicle Program, and the European Union's Green Cars Initiative encourage the adoption of electric vehicles by providing subsidies, tax breaks, and other incentives. Many governments have also started a number of projects in collaboration with private businesses to build charging infrastructure. These activities are contributing to the growth of the global electric vehicle industry, thus boosting the demand for embedded systems in the manufacturing of these cars.
Threat:
High consumption of power
As power dissipation and energy consumption are critical concerns in most embedded systems, it is important to be aware of techniques that impact and most importantly that reduce them. Unfortunately, minimizing system power consumption in an embedded system requires much more work than flipping off some switches. The right design strategy needs to be implemented long before even start drawing the circuit. It takes both hardware and firmware engineers to implement efficient power-saving features in an embedded system design. This results in the need for a higher capacity battery if the microcontroller is continuously running at full power.
The software segment is expected to be the largest during the forecast period
The software segment is estimated to have a lucrative growth. Embedded automotive software solutions help predict maintenance requirements and avoid automobile accidents. Automobile embedded software allows drivers to record scalable data to get important insights regarding vehicle performance and drivers’ behavior. Moreover, the emergence of connected automobiles is compelling automotive firms to improve their embedded automotive software development capabilities to bridge the gap between a car and a mobility ecosystem, further bringing improvements in vehicle performance based on in-vehicle and beyond-vehicle data.
The sensors segment is expected to have the highest CAGR during the forecast period
The sensor and drives segment is anticipated to witness the fastest CAGR growth during the forecast period. The automobile sensors are cognitive sensors that may be used to regulate and process coolant levels, oil pressure, temperature, pollution levels, and other variables. Moreover, several types of sensors are used in automotive, but understanding their operations is critical. Various companies are offering advanced sensors based on application requirements. These sensors collect data needed for vehicle function management, adaption, and reaction, which can be used to improve safety, comfort, and efficiency of the vehicles.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to growing trend of digitalization and "Internet of Cars," which supports greater connectivity through technology-enabled automobiles. The rising demand for integrated systems in countries such as India, China, and Japan is attributed to the increasing need for vehicle security and eco-friendly technologies. Manufacturers have begun to introduce modern infotainment systems in the small and medium vehicle manufacturers. Players in the extremely competitive shared mobility sector are installing infotainment systems in their cars to meet customers’ needs related to convenience and entertainment.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period due to the dynamic growth of automotive and manufacturing sectors in developed countries such as the U.S. and Canada and introduction of enhanced technologies & strategies by prominent players. Governments have also started a number of projects in collaboration with private businesses to build charging infrastructure. These activities are contributing to the growth of the North America electric vehicle sector, thus increasing the demand for embedded systems to build these cars.
Key players in the market
Some of the key players profiled in the Automotive Embedded System Market include Aptiv PLC, Continental AG, Denso Corporation, Garmin Ltd., Harman International, INFINEON TECHNOLOGIES AG, Intel, Corp, Johnson Electric Holdings Ltd., Mitsubishi Electric Corporation, NXP Semiconductors., Panasonic Corporation, Robert Bosch GmbH, System Controls Technology Solutions Pvt. Ltd, Texas Instruments, Inc., Toshiba Corporation, and Verizon Communications Inc.
Key Developments:
In January 2021, Denso Corporation and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, announced collaboration on next-generation cockpit technologies. DENSO will increase the usability of integrated cockpit systems and in-vehicle infotainment products, as well as develop in-vehicle solution technologies for these systems.
In April 2021, Garmin International, Inc., a subsidiary of Garmin Ltd., introduced an all-new 2021 voice-controlled dash cam series with automated video storage and Live View monitoring options to assist drivers in capturing the incidences.
Components Covered:
• Memory Devices
• Microcontrollers
• Sensors
• Transceivers
• Integrated Circuits
• Drivers
Types Covered:
• Software
• Hardware
Vehicle Types Covered:
• Commercial Vehicle
• Internal Combustion Engines
• Passenger Vehicle
Electrical Vehicle Types Covered:
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
Applications Covered:
• Safety and Security
• Powertrain & Chassis Control
• Multimedia and Integrated Systems/Services
• Infotainment and Telematics
• Body Electronics
• Advanced Driver Assistance Systems
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Embedded System Market, By Component
5.1 Introduction
5.2 Memory Devices
5.3 Microcontrollers
5.4 Sensors
5.4.1 Image Sensors
5.4.2 Lidar Sensors
5.4.3 Pressure Sensors
5.4.4 Radar Sensors
5.4.5 Temperature Sensors
5.5 Transceivers
5.6 Integrated Circuits
5.7 Drivers
6 Global Automotive Embedded System Market, By Type
6.1 Introduction
6.2 Software
6.3 Hardware
7 Global Automotive Embedded System Market, By Vehicle Type
7.1 Introduction
7.2 Commercial Vehicle
7.2.1 Light Commercial Vehicle
7.2.2 Heavy Commercial Vehicle
7.3 Internal Combustion Engines
7.3.1 Diesel
7.3.2 Gasoline
7.4 Passenger Vehicle
8 Global Automotive Embedded System Market, By Electrical Vehicle Type
8.1 Introduction
8.2 Battery Electric Vehicle (BEV)
8.3 Hybrid Electric Vehicle (HEV)
8.4 Plug-in Hybrid Electric Vehicle (PHEV)
9 Global Automotive Embedded System Market, By Application
9.1 Introduction
9.2 Safety and Security
9.3 Powertrain & Chassis Control
9.4 Multimedia and Integrated Systems/Services
9.5 Infotainment and Telematics
9.6 Body Electronics
9.7 Advanced Driver Assistance Systems
10 Global Automotive Embedded System Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Aptiv PLC
12.2 Continental AG
12.3 Denso Corporation
12.4 Garmin Ltd.
12.5 Harman International
12.6 INFINEON TECHNOLOGIES AG
12.7 Intel, Corp
12.8 Johnson Electric Holdings Ltd.
12.9 Mitsubishi Electric Corporation
12.10 NXP Semiconductors.
12.11 Panasonic Corporation
12.12 Robert Bosch GmbH
12.13 System Controls Technology Solutions Pvt. Ltd
12.14 Texas Instruments, Inc.
12.15 Toshiba Corporation
12.16 Verizon Communications Inc
List of Tables
1 Global Automotive Embedded System Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Embedded System Market Outlook, By Component (2020-2028) ($MN)
3 Global Automotive Embedded System Market Outlook, By Memory Devices (2020-2028) ($MN)
4 Global Automotive Embedded System Market Outlook, By Microcontrollers (2020-2028) ($MN)
5 Global Automotive Embedded System Market Outlook, By Sensors (2020-2028) ($MN)
6 Global Automotive Embedded System Market Outlook, By Image Sensors (2020-2028) ($MN)
7 Global Automotive Embedded System Market Outlook, By Lidar Sensors (2020-2028) ($MN)
8 Global Automotive Embedded System Market Outlook, By Pressure Sensors (2020-2028) ($MN)
9 Global Automotive Embedded System Market Outlook, By Radar Sensors (2020-2028) ($MN)
10 Global Automotive Embedded System Market Outlook, By Temperature Sensors (2020-2028) ($MN)
11 Global Automotive Embedded System Market Outlook, By Transceivers (2020-2028) ($MN)
12 Global Automotive Embedded System Market Outlook, By Integrated Circuits (2020-2028) ($MN)
13 Global Automotive Embedded System Market Outlook, By Drivers (2020-2028) ($MN)
14 Global Automotive Embedded System Market Outlook, By Type (2020-2028) ($MN)
15 Global Automotive Embedded System Market Outlook, By Software (2020-2028) ($MN)
16 Global Automotive Embedded System Market Outlook, By Hardware (2020-2028) ($MN)
17 Global Automotive Embedded System Market Outlook, By Vehicle Type (2020-2028) ($MN)
18 Global Automotive Embedded System Market Outlook, By Commercial Vehicle (2020-2028) ($MN)
19 Global Automotive Embedded System Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
20 Global Automotive Embedded System Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
21 Global Automotive Embedded System Market Outlook, By Internal Combustion Engines (2020-2028) ($MN)
22 Global Automotive Embedded System Market Outlook, By Diesel (2020-2028) ($MN)
23 Global Automotive Embedded System Market Outlook, By Gasoline (2020-2028) ($MN)
24 Global Automotive Embedded System Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
25 Global Automotive Embedded System Market Outlook, By Electrical Vehicle Type (2020-2028) ($MN)
26 Global Automotive Embedded System Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
27 Global Automotive Embedded System Market Outlook, By Hybrid Electric Vehicle (HEV) (2020-2028) ($MN)
28 Global Automotive Embedded System Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2020-2028) ($MN)
29 Global Automotive Embedded System Market Outlook, By Application (2020-2028) ($MN)
30 Global Automotive Embedded System Market Outlook, By Safety and Security (2020-2028) ($MN)
31 Global Automotive Embedded System Market Outlook, By Powertrain & Chassis Control (2020-2028) ($MN)
32 Global Automotive Embedded System Market Outlook, By Multimedia and Integrated Systems/Services (2020-2028) ($MN)
33 Global Automotive Embedded System Market Outlook, By Infotainment and Telematics (2020-2028) ($MN)
34 Global Automotive Embedded System Market Outlook, By Body Electronics (2020-2028) ($MN)
35 Global Automotive Embedded System Market Outlook, By Advanced Driver Assistance Systems (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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