Global Automotive Embedded Systems Market is segmented By Vehicle Type (Diesel/Petrol Vehicles, Gasoline Vehicles, Electric Vehicles, Others), By Component (Sensors, MCU, Software, Transceivers, Others), By Application (Infotainment & Telematics, Body Electronics, Safety & Security, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Automotive Embedded Systems Market Overview
[150 Pages Report] The Global Automotive Embedded Systems Market is expected to grow at a high CAGR of 7.4% during the forecasting period (2023-2030). Automotive embedded systems system is the combination of hardware and software in automotive vehicles. The hardware includes various mechanical, electronic systems, and computer systems designed to control and access the vehicle's condition to ensure safety. This system includes innovative adaptive cruise control systems, digital electronic systems, single-chip microcontrollers, airbag, telematics, Airbag systems, GPS, anti-locking brake system, fuel injection controller devices, etc. traction control, in-vehicle entertainment system, emission control system, parking system, and other electrical and electronic gadgets.
Automotive Embedded Systems Market Summary and Scope
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Metrics |
Details |
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Market CAGR |
7.4% |
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Segments Covered |
By Vehicle Type, By Component, By Application and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Automotive Embedded Systems Market Dynamics and Trends
The market is driven by the increasing focus on vehicle safety features with automation, rising demand for electric vehicles across the globe. According to the International Energy Agency, in 2018, the global electric car sale increased to around 5.1 million exceeded up from 2 million compared to 2017. Thus this doubling of the sale of a new electric car has been increased the demand for automotive embedded systems like infotainment & telematics and body electronics will propel across the globe.
There is a rise in the adoption of advanced technology like IoT, AI, processors for optimizing automobile vehicles through microprocessors to ensure safety and monitoring. For instance, on 2nd April 2019 Advantech collaborated with Timesys’, based on NXP i.MX 8 processors embedded system products for security management & monitoring service.
Automotive Embedded Systems Market Segmentation Analysis
The global automotive embedded systems market is segmented based on vehicle type, component, applications, and region.
The global automotive embedded systems market is bifurcated into diesel/petrol vehicles, gasoline vehicles, and electric vehicles in terms of vehicle type. The diesel/petrol vehicles segment has the highest market share in 2019 due to the increasing sales of petrol and diesel passenger and commercial vehicles worldwide. According to the International Organization of Motor Vehicle Manufacturers, in 2019,
Similarly, gasoline vehicles and electric vehicles segments are also growing faster due to raising the global electric and gasoline vehicles to demand worldwide. According to the Natural Gas Vehicles Organization, the total number of automobile vehicles from two-wheelers to off-road with fuel-based from LNG, CNG, and biomethane (RNG) was registered 28,540,819 units across the globe. This propels the embedded system's demand to ensure the vehicle owner's safety with rising consumer awareness about vehicles' safety features.
Depending on the component, the global automotive embedded systems market is divided into sensors, MCU, software, transceivers, and memory devices. Among these, the sensors segment had the highest share in 2019. This is primarily due to the rising requirement for advanced sensors in vehicles to save energy, follow low emission & safety norms, and increase the vehicle's efficiency by monitoring the vehicle's systems with various sensors.
Similarly, MCU, software, transceivers, and memory devices segments are also growing demand for high reliability and safety requirements, energy-saving and low emission in vehicles, and increasing advanced technology launching by leading players.
For instance, on 18th May 2020, NXP Semiconductors Company, in collaboration with IAR Systems, enabled security compliance for embedded applications Based on MCUs. This enhanced device support helps embedded developers implement security meet new compliance standards from recent security legislation automotive, which are in development and production. Furthermore, on 2nd October 2019, NXP semiconductor launched a new dual-core Arm Cortex-M GHz Microcontroller based on Machine Learning (ML).
Depending upon applications global automotive embedded systems market is classified into Infotainment & Telematics, Body Electronics, and Safety & Security. Among these, infotainment & telematics segments are also growing faster due to the rising global sale of vehicles worldwide.
Similarly, body electronics and safety & security segments are also growing faster due to increasing the launch of new electronics products to ensure people's safety around the globe.
Automotive Embedded Systems Market Geographical Share
By region, the global Automotive Embedded Systems market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is the dominant region for the global automotive embedded systems market. It is expected to grow at the highest CAGR during the forecasted period due to manufacturing facilities with rising sales of electric vehicles, followed by the Europe region. According to the International Energy Agency, electric vehicle demand is rapidly increasing in Asia Pacific countries like China, India, and Japan. As per this organization, China had a total of 2.3 million cars on the road, equal to around 45% of global electric cars in 2018, which increased by 6% compared to 2017.
North America is also growing faster for the automotive embedded systems market due to the rising demand for commercial vehicles for traveling due to a surge in consumer spending in this region. According to the International Organization of Motor Vehicle Manufacturers, in 2019, the total number of commercial vehicle production and sale was registered to around 12404698 units. This has been propelled the demand for embedded software and hardware systems, ultimately boost the automotive embedded systems market.
Automotive Embedded Systems Companies and Competitive Analysis
The global Automotive Embedded Systems market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. NXP Semiconductors N.V., Robert Bosch GmbH, Johnson Electric., Delphi Automotive LLP, Texas Instruments Incorporated, Infineon Technologies AG, Harman International, Panasonic Corporation, Toshiba, Continental AG, Denso Corporation, and Mitsubishi Electric Corporation are the leading market players with significant market share.
The rise in investment and launch of advanced technology software, IoT & AI-based electronics systems for the automotive embedded systems market. For instance, on 8th Nov 2018, the Harman Companies opened a facility focusing on automotive software development for connected technologies for automotive, consumer, and enterprise markets in Poland.
Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 21st June 2017, NXP Semiconductor and HARMAN extended 15 years of partnership for future connected cars. This partnership in technologies will support the connected in-car technology development for embedded automotive systems, including digital signal processors, amplifiers, tuners, and applications processors.
