Embedded Software Market size was valued at USD 14.45 Bn. in 2021 and the total Embedded Software revenue is expected to grow at 7.0% from 2022 to 2029, reaching nearly USD 24.83 Bn.
Embedded Software Market Overview:Embedded software and tools are components of computer software that are designed to operate machines or devices that are not normally thought of as computers. It specializes in a single hardware component that operates in its own time and memory. Software is stored on computer chips and is incorporated into physical systems. Users cannot modify software that has been embedded and incorporated into hardware. Embedded software is typically created for specialized hardware real-time operating systems such as Fusion RTOS, Lynx OS, Windows CE, and others. The increased use of embedded software and tools in the semiconductor and automotive sectors is one of the key drivers of market growth. Additionally, the growing popularity of M2M and IoT technologies globally, as well as the increasing use of smart homes and smart grid technology, would drive the market throughout the forecast period. Nevertheless, the rising usage of embedded software and tools in electronic design automation (EDA), wearable technology, and the increasing acceptance of multi-core technology in embedded software are expected to provide the market with significant potential opportunities.
Report Scope:The report contains comprehensive data on the strategies of the industry's leading organizations, as well as a study of the various market segments and geographies. The market report investigates global market size, growth trends, competitive landscape analysis, and regional development status. Policies and growth goals, as well as production methods and cost structures, are evaluated. This report also includes figures for import/export consumption, supply and demand, cost, price, income, and gross margins. The report highlights major advancements in the embedded software market, as well as organic and inorganic growth methods. Various businesses are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the market, covered in the report. These initiatives have opened the road for market participants to expand their business and client base. With increased demand in the global market, market players in the embedded software market are expected to benefit from attractive growth opportunities in the future. The report focuses on the top industry participants, including information such as company profiles, components, and services supplied, financial data from the last three years, and important developments in the previous five years. The study also contains major company profiles, SWOT analyses, and market strategies in the embedded software industry. To know about the Research Methodology :- Request Free Sample Report
Research Methodology:The report on the Embedded Software market highly depends on both primary and secondary data sources. Government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges, are all investigated during the qualitative research. To produce the final quantitative and qualitative data, all possible components impacting the markets covered in this research study were investigated, thoroughly researched, validated through primary research, and analyzed. Market size is balanced for top-level markets and sub-segments, and the influence of inflation, economic downturns, policy changes, and other variables is considered in market forecasting. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive market engineering and calculations for market statistics; market size estimations; market forecasts; market breakdown; and data triangulation. The bottom-up technique is widely utilized in the whole market engineering process, along with multiple data triangulation methodologies, to perform market estimation and forecasting for the overall market segments and sub-segments covered in this research. Secondary data sources include nationalized and global data sources, annual and financial reports from major market participants, news announcements, and so on whereas, Interviews, surveys, expert and trained professional opinions, and other methods were used to collect primary data.
Embedded Software Market Dynamics:Increased demand for ADAS in Electric and hybrid vehicles driving the market growth. Embedded systems are playing an essential part in the automobile industry's modernization. These technologies are utilized in ADAS technology, which is included in electric and hybrid vehicles/ automobiles. The growth of these vehicles resulted in the growth of the embedded system market. Additionally, these electric cars increase the need for electronic components, increasing the demand for embedded software Market Analysis. The increased awareness among the wider population about the deteriorating status of the environment has increased demand for hybrid and electric vehicles which has contributed to the development of the embedded system industry. According to a Bloomberg New Energy Finance report, electric car sales were 41 million in 2020, due to increasing demand for electronic components such as integrated hardware and software used in electric vehicles. The vulnerability of embedded systems to cyber-attacks and security breaches is a key restraining factor for market growth. The security of embedded devices is one of the primary concerns that restrict the growth of the embedded system industry. Memory, for example, is an embedded device that carries data that might be vital to armed forces, banks, data centers, and healthcare institutions. As a result, it is vital to protect such devices against cyber-attacks and security breaches. Some of the elements that make embedded systems vulnerable to assaults include irregular security upgrades, extended device lifecycles, remote deployment, and attack replication. As a result, the vulnerability of embedded systems to cyber-attacks and security breaches is expected to restrict the market growth. The introduction of 5G and the invention of 5G-based embedded devices is the key opportunity for market growth. The introduction of 5G technology is expected to provide lucrative opportunities for growth in the embedded system industry. The GSM Association (GSMA) estimates that the 5G industry would provide USD 2.2 trillion to the world economy by 2034, accounting for 5.3% of global GDP growth. As a result, future manufacturing of embedded devices based on 5G architecture is expected to increase. Embedded devices used in smart camera surveillance systems of vehicles deliver fast response rates owing to the integration of 5G in their architecture. Additionally, because it enables quick image processing, 5G technology is expected to help in solving the problems associated with industrial automation and smart farming. As a result, embedded devices that enable 5G infrastructure are expected to drive the growth of the market. Complex embedded systems consume high energy is a key challenge for market growth. The compactness of embedded systems, which allows them to contain multiple functionalities, may result in complexity in their architectures. This increases the energy consumption of the embedded system. The whole lifecycle of embedded systems is frequently compromised by high energy consumption. The temperature of the embedded device affects energy consumption, which rises as the temperature rises. This has an impact on the embedded system's overall performance. As a result, the high energy consumption of compact embedded software is a major challenge to the market's growth.
Embedded Software Market Segment Analysis:By Operating System, the General Purpose Operating System (GPOS) segment dominated the market with a 40% market share in 2021 and is expected to maintain its dominance at the end of the forecast period. A General Purpose Operating System (GPOS) is an essential element of any mobile device, server, or computer system that is in charge of executing all apps in an installation. GPOS platforms include Linux, Windows, and Mac OS. The demand is being driven by several characteristics provided by general-purpose operating systems, such as multiple task management, high security, high synchronization, and decreased latency. Major GPOSs, including Android, Linux, and Windows, are increasing their use in consumer electronics due to their high customization and user-friendly interface. The Android OS segment in the GPOS market is expected to increase because of the increasing adoption of consumer electronics devices based on Android OS, such as smartphones, tablets, and wearable electronics. The number of active smartphone connections is expected to rise to 6 billion by 2022, according to the Mobile Economy 2021 study. The open-source platform, flexible user interface (UI), and massive application base of over three million Android Apps provide the Android OS various benefits over competing iOS and RTOS. High-end features, along with an increasing number of active users, are expected to increase the market growth. The Real-Time Operating System segment is expected to grow substantially during the forecast period as it’s utilized in a wide range of industrial operations, including process control, avionics, and nuclear power plants. The majority of real-time operating systems operate on embedded systems, which are made up of bits of hardware that act as controllers for specific tasks within mechanical or electrical systems. RTOS is crucial for mechanical or electrical systems that require real-time operation since systems cannot run securely without Real-Time Operating System. By Application, the Telecom and IT segment are expected to hold significant market share at the end of the forecast period. The telecom sector utilizes a broad range of embedded software, from network telephone switches to end-user mobile phones. To transport data, the Telecom computer network also utilizes specialized routers and network bridges. Embedded engineers contribute to high-speed networking. This is the most important aspect of embedded applications. Ethernet switches and network interfaces are built to offer the required bandwidth. These would enable the quick integration of Ethernet connections into powerful embedded applications. The increasing use of embedded software in telecom bases station devices such as servers, routers, modems, and communication modules driving the segment growth. The embedded software helps in the effective management and operation of this base station equipment for 24/7 operations with no downtime, as well as in process control activities. To support the enhanced communication infrastructures, embedded systems are utilized in routers, Ethernet devices, wireless infrastructures, and protocol converters for high-speed data transfer. FPGA and ASIC embedded technology are utilized in a variety of network and telecom applications. Telecom providers frequently use embedded hardware such as FPGA to incorporate hard IP for interfaces such as PCI Express, 100G Ethernet, and DDR3/4 for high-speed data transport. Additionally, cost-effective and power-efficient technologies like as eASIC are rapidly being utilized in radio access network (RAN) equipment.
Embedded Software Market Regional Insights:North America dominated the market with 45% of the market share in 2021 and is expected to maintain its dominance at the end of the forecast period. Rising technological advancement in the automobile industry and increasing safety policies and regulations across the country are expected to drive regional growth during the forecast period. In addition, Rising R&D investments in ADAS and autonomous driving technologies by regional automobile OEMs are driving the market growth. These technologies necessitate extremely efficient and secure software to aid in the processing of sensor and camera data and make safe vehicle management decisions. For example, in September 2021, Arm announced a relationship with multiple automotive distributors, including AWS, Continental, and CARIAD, to grow its new embedded software architecture implementation. The organizations collaborated to introduce Scalable Open Architecture for Embedded Edge (SOAFEE), which allows automotive developers to integrate diverse automotive technologies such as ADAS, in-vehicle entertainment systems, and electric powertrains. The United States federal government is increasing its investment in the production of armed drones to improve its military and defense capabilities, which is increasing regional market share. In May 2021, the United States Congress allotted USD 7.5 billion to the Department of Defense (DoD). This funding is utilized for the research and development of unmanned aerial vehicles, combat drones, and unmanned surveillance systems. Increasing the federal government's military budget spending would increase commercial opportunities during the forecast period. The Asia-Pacific regional market is expected to grow significantly during the forecast period owing to increasing vehicle production in countries like China, Japan, and India. In addition, the rising per capita income, as well as continuous large-scale industrialization and urbanization, are driving the growth of the market. The availability of low-cost electronic goods in APAC is expected to contribute to a growth in the region's demand for embedded software. The increasing usage of autonomous robots and embedded vision systems is expected to drive demand for embedded software used in industrial applications in the APAC region. The industrial sector is strongly oriented toward the use of automated product assembly facilities and industrial robots, which is boosting the market's growth opportunities. The increased usage of the Internet of Things (IoT) across a wide range of sectors for interconnected devices, smart environments, and platforms that analyze data in real-time would drive market demand even further. Increased government initiatives to enhance consumer electronics manufacturing and processing are expected to provide attractive opportunities for industry growth. Additionally, increased R&D expenditures in advanced technology developments, such as 5G and AI, by the corporate and governmental sectors, would drive market growth. The embedded software market in Europe is expected to grow at a CAGR of 5%. This increase might be ascribed to the widespread adoption of automation and digital transformation in industrial applications. The shift to 'Industry 4.0' and the continual escalation in software applications for the optimization of modern manufacturing processes create even more demand for embedded software solutions. According to the European Commission's Horizon 2020, the government established research activities as part of the initiative "Digitizing and changing European industry and services." Moreover, it invested more than USD 500 million in research and development in the fields of 5G, AI, blockchain, software support embedded, smart system integration, and microelectronics.
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Embedded Software Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 14.45 Bn. Forecast Period 2022 to 2029 CAGR: 7.0% Market Size in 2029: US $ 24.83 Bn. Segments Covered: by Programming Languages • C • C++ • Java • Assembly • Matlab • Net by Operating System • General Purpose Operating System • Real-Time Operating System by Function • Standalone System • Real-Time System • Network System • Mobile System by Application • Automotive • Telecom & IT • Consumer Electronics • Retail • Media & Entertainment • Manufacturing • Military & Defense • Others
Embedded Software Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Embedded Software Market Key Players• Microsoft Corporation • IBM • Infineon Technologies India Private Ltd • Intel • Mitsubishi Electric • Xilinx • Johnson Matthey • LG CNS • National Instruments • Segger Microcontroller Systems • NXP Semiconductors • Radisys • ENEA • Green Hills Software • Advantech • Microchip • STMicroelectronics • Express Logic • Mentor Graphics • Texas • Renesas • HCL • Qualcomm • Toshi Grapheneba FAQs: 1. Which is the potential market for Embedded Software in terms of the region? Ans. The North American region is the potential market for Embedded Software in terms of the region. 2. What are the opportunities for new market entrants? Ans. The introduction of 5G and the invention of 5G-based embedded devices is the key opportunity for market growth. 3. What is expected to drive the growth of the Embedded Software market in the forecast period? Ans. Increased demand for ADAS in Electric and hybrid vehicles driving the market growth. 4. What is the projected market size & growth rate of the Embedded Software Market? Ans. Embedded Software Market size was valued at USD 14.45 Bn. in 2021 and the total Embedded Software revenue is expected to grow at 7.0% from 2022 to 2029, reaching nearly USD 24.83 Bn. 5. What segments are covered in the Embedded Software Market report? Ans. The segments covered are Programming Languages, Operating System, Function, Application, and Region.
1. Global Embedded Software Market: Research Methodology 2. Global Embedded Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Embedded Software Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Embedded Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Embedded Software Market Segmentation 4.1 Global Embedded Software Market, by Programming Languages (2021-2029) • C • C++ • Java • Assembly • Matlab • Net 4.2 Global Embedded Software Market, by Operating System (2021-2029) • General Purpose Operating System • Real-Time Operating System 4.3 Global Embedded Software Market, by Function (2021-2029) • Standalone System • Real-Time System • Network System • Mobile System 4.4 Global Embedded Software Market, by Application (2021-2029) • Automotive • Telecom & IT • Consumer Electronics • Retail • Media & Entertainment • Manufacturing • Military & Defense • Others 5. North America Embedded Software Market(2021-2029) 5.1 North America Embedded Software Market, by Programming Languages (2021-2029) • C • C++ • Java • Assembly • Matlab • Net 5.2 North America Embedded Software Market, by Operating System (2021-2029) • General Purpose Operating System • Real-Time Operating System 5.3 North America Embedded Software Market, by Function (2021-2029) • Standalone System • Real-Time System • Network System • Mobile System 5.4 North America Embedded Software Market, by Application (2021-2029) • Automotive • Telecom & IT • Consumer Electronics • Retail • Media & Entertainment • Manufacturing • Military & Defense • Others 5.5 North America Embedded Software Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Embedded Software Market (2021-2029) 6.1. European Embedded Software Market, by Programming Languages (2021-2029) 6.2. European Embedded Software Market, by Operating System (2021-2029) 6.3. European Embedded Software Market, by Function (2021-2029) 6.4. European Embedded Software Market, by Application (2021-2029) 6.5. European Embedded Software Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Embedded Software Market (2021-2029) 7.1. Asia Pacific Embedded Software Market, by Programming Languages (2021-2029) 7.2. Asia Pacific Embedded Software Market, by Operating System (2021-2029) 7.3. Asia Pacific Embedded Software Market, by Function (2021-2029) 7.4. Asia Pacific Embedded Software Market, by Application (2021-2029) 7.5. Asia Pacific Embedded Software Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Embedded Software Market (2021-2029) 8.1 Middle East and Africa Embedded Software Market, by Programming Languages (2021-2029) 8.2. Middle East and Africa Embedded Software Market, by Operating System (2021-2029) 8.3. Middle East and Africa Embedded Software Market, by Function (2021-2029) 8.4. Middle East and Africa Embedded Software Market, by Application (2021-2029) 8.5. Middle East and Africa Embedded Software Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Embedded Software Market (2021-2029) 9.1. South America Embedded Software Market, by Programming Languages (2021-2029) 9.2. South America Embedded Software Market, by Operating System (2021-2029) 9.3. South America Embedded Software Market, by Function (2021-2029) 9.4. South America Embedded Software Market, by Application (2021-2029) 9.5. South America Embedded Software Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Microsoft Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 IBM 10.3 Infineon Technologies India Private Ltd 10.4 Intel 10.5 Mitsubishi Electric 10.6 Xilinx 10.7 Johnson Matthey 10.8 LG CNS 10.9 National Instruments 10.10 Segger Microcontroller Systems 10.11 NXP Semiconductors 10.12 Radisys 10.13 ENEA 10.14 Green Hills Software 10.15 Advantech 10.16 Microchip 10.17 STMicroelectronics 10.18 Express Logic 10.19 Mentor Graphics 10.20 Texas 10.21 Renesas 10.22 HCL 10.23 Qualcomm 10.24 Toshi Grapheneba