Market Analysis Report Embedded System Market | Page 2
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and is expected to reach USD 14.84 billion by 2020, growing at an estimated CAGR of over 8.1% over the next
few years.
Browse Details of Report @ https://www.hexaresearch.com/research-report/embedded-system-industry
Key report insights suggest:
- Global embedded system market size was valued USD 140.32 billion in 2013 and is likely to reach USD
214.39 billion by 2020 growing with an estimated CAGR of 6.3% from 2014 to 2020
- Global demand in automotive sector was USD 29.23 billion in 2013 which is expected to reach USD
45.98 billion by 2020, growing at a CAGR of 6.7% from 2014 to 2020. Increasing usage in electric and
hybrid vehicles for ensuring emission control is expected to spur the market growth. Healthcare sector
is expected to grow at a CAGR of 7.1% over the forecast period. Rising need for portable medical devices
in this application is predictable to boost the global growth.
- North America dominated the regional demand with an estimated market share of 34.56% in 2013. Asia
Pacific region is expected to be the fastest growing region, growing at a CAGR of 6.7% up to 2020. The
region is expected to grow at a higher rate owing to existence of fabrication plants in this region.
- The embedded system industry is moderately competitive, with top four manufacturers accounting for
more than 50% of the industry share. Major participants include Freescale Semiconductor, Renesas
Electronics, Samsung, Infineon Technologies, Atmel Corporation, STMicroelectronics, Microchip and
Texas Instruments.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/renewable-
energy-industry
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