The Asia Pacific Embedded Systems Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
Embedded systems employ communication ports to send data via a communication protocol between the processor and peripheral devices, which are frequently other embedded systems. This data is interpreted by the processor with the aid of simple memory-stored software. Typically, the software is very specialized for the purpose the embedded system serves.
Embedded systems' primary attribute is that they are task-specific. The following qualities can also be present in embedded systems: Usually, includes hardware, software, and firmware; they can be embedded in a larger system to perform a targeted function; they are either microprocessor-based or microcontroller-based — both are integrated circuits that give the system compute power; are frequently utilized for sensing and real-time computing in the internet of things (IoT) devices, that are devices that are internet-connected and do not require human interaction.
The rapidly rising demand for microcontrollers is majorly owing to the increasing technological advancement in the automotive industry. In the automotive industry, microcontrollers are required, especially in interactive safety systems and vehicle connectivity systems, and hence drive the market demand of this region during the forecast period. In this region, the automotive sector is steadily growing in terms of vehicle connectivity, and interactive safety systems are expected to significantly support the demand for IoT microcontrollers in the upcoming years.
The China market dominated the Asia Pacific Embedded Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13,274.7 million by 2028.The Japan market is experiencing a CAGR of 5.4% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.7% during (2022 - 2028).
Based on Application, the market is segmented into Consumer Electronics, Automotive, Industrial, Aerospace & Defense and Others. Based on Component, the market is segmented into Hardware and Software. Based on Hardware Type, the market is segmented into MPU, MCU, FPGA, Memory and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Embedded Systems Market is Projected to reach USD 126.7 Billion by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Renesas Electronics Corporation, Texas Instruments, Inc., NXP Semiconductors N.V., QUALCOMM Incorporated (Qualcomm Technologies, Inc.), Fujitsu Limited, Infineon Technologies AG, Analog Devices, Inc., Microchip Technology, Inc., and STMicroelectronics N.V.
By Application
By Component
By Country
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