Embedded Systems Market: Growing Need To Achieve Economies Of Scale To Steer Industry Trends

24-Jul-2018 | Zion Market Research

Embedded system is an integration of hardware & software system of a computer that is developed for performing a particular function within a larger system. Programmed instructions coded for the embedded systems are stored in either flash memory chips or ROM (Read-Only Memory) of the computer.

Embedded systems find widespread applications in vehicles, medical devices, home appliances, vending machines, cameras, toys, and airplanes.

Rising popularity of portable equipment such as digital watches, hybrid vehicles, avionics, MP3 players, and MRI are projected to steer the growth map of embedded systems market. The advent of new technologies, including miniature systems are likely to contribute immensely towards the market expansion.

Lesser consumption of energy, economies of scale, smaller size, and lower unit costs will add substantially towards the escalating demand for the product. Robust need for safe, secured, smart, and energy-efficient electronic equipment are projected to be the key drivers of embedded systems market across the globe. In addition, increasing product penetration in robotics sector will further promote the business trends in the years to come.

Experts project that paradigm shift witnessed in the world of technology along with launching of new technologies such as AI, augmented reality, virtual reality, and Internet of Things will create lucrative avenues for the embedded systems sector. Today, these products are no longer standalone applications as large number of these embedded systems have become components of the larger device serving a general purpose of the device application.

For instance, Gibson Robot Guitar encompasses an embedded technology for tuning the cords. However, the purpose of the device is to play music. In the same way, an embedded system in a car performs a particular functionality as a subsystem of the vehicle.

In a major boost to Indian embedded systems market, Minda Industries Limited, an Indian-based auto ancillary firm, has acquired 80% of ownership in iSYS RTS GmbH, a leading software & embedded system firm based in Germany.

Browse Research Report for more Insights:https://www.zionmarketresearch.com/report/embedded-systems-market

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