OCEAN VIEW, Delaware, June 22, 2016 /PRNewswire/ --
Global Embedded Software Market size was evaluated at $10.46 billion for 2015 and is predicted to register 7% CAGR during forecast period. Growing demand for consumer electronics and automotive applications is predicted to fuel the industry growth during forecast period.
Growing use of wearable embedded equipment across many applications like medical, security, fitness and safety is predicted to promote embedded software industry trends. Increasing customer demand for electronic equipment like computers, tablets and smartphones is predicted to enhance the demand for the industry.
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Rising penetration of electric vehicles and hybrid electric vehicles in the industry will have significant effect on embedded systems market trends in future. Since embedded systems are dedicated to particular jobs, engineers optimize it to minimize size and price of the product and enhance its performance and reliability. They commonly find their applications in automotives, Wi-Fi, fire safety, cooking, consumer goods, security, transportation, life critical systems, defence, commercial and medical devices as these systems are reliable.
Automotive application was evaluated at $1.24 billion for 2015 and is projected to register 8% CAGR growth during forecast timeframe. Growing demand for in-vehicle infotainment systems is projected to add towards the growth of this application.
Consumer electronics application is predicted to surpass $4 billion by the end of forecast period and predicted to record 7.7% CAGR during forecast period. The growth of the application can be credited to growing use of electronic equipment like tablets, smartphones and personal computers.
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Embedded systems are used in consumer electronics applications like mobiles, personal digital assistants, printers, digital cameras and DVD players.
Programming Language Trends
C language is predicted to register 6.9% CAGR during forecast period and is projected to maintain its domination in the future. It is projected to be evaluated at more than $11 billion by 2023. The growth can be attributed to its short run time as well as its direct access to application program interface.
C++ language is predicted to register more than 8% CAGR during forecast time frame.
Various software parts within the embedded system encompass the technology that adds value to it by defining how well it functions. The parts include operating system or runtime environment, application software, error handling, debug and maintenance, support and initialisation, and configuration.
U.S. embedded software market share was more than 68% of the global industry for 2015. It is projected to continue its domination in future due to presence of many industries in the region.
Europe embedded software market size was more than $3 billion for 2015. The regional industry is predicted to record balanced growth in future.
Asia Pacific is predicted to register 8.5% CAGR during forecast time frame. Embedded software industry growth in the region is promoted by its favourable growth in countries like India, China and Japan. Also high demand for embedded software across many applications along with presence of many fabrication plants in the region have added to the industry growth.
Key players profiled in the report include Express Logic, Advantech, Microsoft, Intel, IBM, Green Hills Software, Altera, LG CNS, Xilinx, ENEA, Segger Microcontroller Systems, Infineon, Mentor Graphics, NXP Semiconductors, STMicroelectronics, RadiSys, National Instruments and Johnson Matthey.
Global Market Insights has segmented the embedded software market on the basis of programming language, application and region:
Global Embedded Software Market Programming Language Analysis (Revenue, USD Billion, 2012 - 2023)
Global Embedded Software Market Application Analysis (Revenue, USD Billion, 2012 - 2023)
- Consumer electronics
- Military & Defense
Global Embedded Software Market Regional Analysis (Revenue, USD Billion, 2012 - 2023)
- North America
- Asia Pacific
- Latin America
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