The Europe Embedded Systems Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Embedded systems are tiny, inexpensive, low-power computers that are integrated into a system to carry out certain functions. The development of embedded systems, which have microprocessors or microcontrollers with incredibly enhanced computing capacity, reduced power consumption, and lower costs, has been observed in the electronics industry.
The idea of virtualization, which combines real-time and non-real-time components onto a single platform while maintaining the system's real-time integrity, has gained popularity in recent years. More embedded systems are anticipated to be released onto the market as a result of technological developments in embedded systems with AI/ML, machine vision, and high-end GPUs, also known as embedded vision. These systems are thought to be the upcoming big thing in the embedded systems market. Indeed, one of the IT industries with the quickest growth rates at the moment is embedded technology.
As part of Europe's ambitious grid modernization efforts, more than half of all power meters have been replaced with smart meters. Government investments have accelerated the deployment of smart meters across Europe, particularly in France, Spain, and the United Kingdom, which will boost market growth during the forecast period. In addition, the rising growth of the regional market is also owing to the rising demand for smart televisions, smartwatches, tablets, smartphones, and other consumer electronic devices, which drives market demand in this region. Furthermore, the industry is also surged by the presence of a number of major electrical device manufacturers.
The Germany market dominated the Europe Embedded Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,686 million by 2028.The UK market is anticipated to grow at a CAGR of 4.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Embedded Systems Market will Hit $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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