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 microcontroller or microprocessor based system which is designed to perform a specific task.
Top Key Players : 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
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.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.