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Embedded System Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2020 | Hexa Research
“ Global embedded system market is projected to be valued at USD 214.39
billion by 2020.”
19 Feburary 2019
Global embedded system market is projected to be valued at USD 214.39 billion by 2020, as per a new
research report by Hexa Research. Rising demand from end-use industries such as automotive and healthcare
coupled with emergence of Internet of Things is expected to drive the demand.
Innovation in wireless technology, wireless communications, digital processing technologies, and software
along with embedded systems that efficiently drive the electronic contents within a vehicle have increased
significantly in automotive industry. It assists safety systems on the highest priority by monitoring systems
such as antilock braking systems, tire inflation, airbag systems, and others such as remote keyless entry and
antitheft systems. Security concerns related to these systems is likely to pose challenge to the industry
participants.
Embedded hardware generated maximum revenue, valued USD 131.68 billion in 2014. It is expected to
witness significant gains, with estimate of USD 199.56 billion at a CAGR of 6.2% from 2014 to 2020.
Technological advancement in emerging countries such as Russia, Taiwan, Brazil, India and China is spurring
the demand growth during the forecast period. Embedded software was valued at USD 8.64 billion in 2013,
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