Global Automotive Embedded Systems in Automobile Market – Industry Trends and Forecast to 2029

Automotive Embedded Systems in Automobile Market Analysis and Size

Automotive embedded system in automobile is any type of automobile in which the electric system is specifically designed to control and access data which has installed in vehicles. It includes of single chip microcontroller such as cortex, microphones and others. The rise in the demand of electric vehicles and increasing trend of vehicle electrification in the automobile sector are some major growth factor for the market. The rising popularity of electric vehicles necessitates and the development of the appropriate embedded system helped in the growth of automotive embedded system in automobile market. 

Data Bridge Market Research analyses that the automotive embedded systems in automobile market was valued at USD 4,483.81 million in 2021 and is expected to reach USD 7831.66 million by 2029, registering a CAGR of 7.22 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Automotive Embedded Systems in Automobile Market Scope and Segmentation

Market Definition

An embedded system is an arrangement of computer software and hardware with dedicated function, either programmed or fixed in capability which are designed, to reduce pollution and maximize efficiency.  Automotive embedded system in automobile improves the speed, precision, reliability, adaptability, strength and performance of the vehicles.

Automotive Embedded Systems in Automobile Market Dynamics

Drivers

• Rising demand for safety and comfort

The automotive embedded system in automobile market can increase with a significant growth rate as all modern vehicles equipped with embedded systems due to extensive demand for convenience, comfort and safety while driving. This is anticipated to drive the growth of the automotive embedded system in automobile market during the forecast period of 2022-2029. 

• Increasing demand of electric vehicle

The growing demand for electric vehicles overall the globe and increasing adoption of embedded systems in hybrid and electric vehicles because of their ability to improve efficiency and reduce pollution are anticipated to drive the growth rate of the global automotive embedded systems in automobile market .

Opportunities

• Technological advancement

Technological advancement is the major reason for the growth of the automotive embedded system in automobile due to the introduction of new hardware and software technologies in the market which are embedded to facilitate the introduction of functions. This is the major reason which will create the immense opportunity for the growth of the automotive embedded systems in automobile market in upcoming years.

Also, the emergence of autonomous vehicles is another important factor supporting the growth opportunity for the key players in the global automotive embedded systems in the automobile market. 

Restraints/ Challenges

Increasing demand for complex software for making electronic systems and high battery usage will hamper the market and further challenge the growth of automotive embedded systems during the forecast period mentioned above.

This automotive embedded systems in automobile market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive embedded systems in automobile market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Automotive Embedded Systems in Automobile Market

The outbreak of COVID-19 outbreak adversely affected the growth of the automotive embedded systems in automobile market to some extent, due to disruption in supply and demand chain overall the automotive value chain. However, with the speedy growth in the vaccination drives and continuous updates in COVID-19 pandemic safety protocols, the government restrictions are being relaxed, which is expected to increase the manufacture capabilities of both civil and body electronics, thus normalizing the automotive embedded systems in automobile  market growth in the forecast period.

Recent Development

• In January 2021, Qualcomm Technologies, Inc., and DENSO Corporation a subsidiary of Qualcomm Incorporated had announced a partnership on next-generation cockpit technologies. DENSO will upsurge the usability of in-vehicle infotainment and integrated cockpit systems and products and develop in-vehicle solution technologies for these systems.
• In April 2021, Garmin International, Inc., which is  a subsidiary of Garmin Ltd., had introduced an all-new 2021 voice-controlled dash cam series with Live View monitoring and automated video storage to assist drivers in capturing the incidences.

Global Automotive Embedded Systems in Automobile Market Scope

The automotive embedded systems in automobile market is segmented on the basis of type, vehicle type, component, application and electrical vehicle. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Embedded Hardware
• Embedded Software

Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Component

• Sensors
• Microcontrollers
• Transceivers
• Memory Devices

Application

• Infotainment and Telematics
• Body Electronics
• Safety and Security
• Power Control and Chassis Control

Electrical Vehicle

• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)

Automotive Embedded Systems in Automobile Market Regional Analysis/Insights

The automotive embedded systems in automobile market is analysed and market size insights and trends are provided by country, type, vehicle type, component, application and  electrical vehicle as referenced above.

The countries covered in the automotive embedded systems in automobile market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Asia-Pacific dominates the automotive embedded systems in automobile market in terms of revenue and market share in the forecast period. This is due to an increase in the income levels of the consumers and an increase in the number of electric vehicles in this region.

North America is anticipated to be the fastest developing regions increase demand of electric and hybrid vehicles in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Embedded Systems in Automobile Market Share Analysis

The automotive embedded systems in automobile market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive embedded systems in automobile market.

Some of the major players operating in the automotive embedded systems in automobile market are:

• Continental AG (Germany)
• Robert Bosch GmbH (Germany)
• BorgWarner Inc. (U.S.)
• Mitsubishi Electric Corporation (Japan)
• Johnson Electric Holdings Limited, (China)
• NXP Semiconductor (Netherland)
• Harman International (U.S.)
• Infineon Technologies AG (Germany)
• Texas Instruments Incorporated (U.S.)
• DENSO Corporation (Japan)
• Panasonic Corporation (Japan)
• Aptiv (Ireland), Verizon (U.S.)
• NIVIDIA Corporation (U.S.)
• Analog Devices, Inc, (U.S.)
• System Controls (India)
• TOSHIBA CORPORATION (Japan)

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