From 2023 to 2030, the latest Global Automotive Embedded Systems Market forecast predicts that Asia-Pacific will hold the largest share. This is due to an increase in the use of in-vehicle electronics and the presence of major automakers in countries like China, Japan, South Korea, and India.
The demand for automotive embedded systems in Asia-Pacific is also being fueled by an increase in the implementation of advanced automotive technologies like wireless connectivity, multi-modal inputs, driver monitoring systems (DMS), human-machine interface (HMI) communication, and smart cabin monitoring.
Figure 1. Global Automotive Embedded Systems Market Share (%), By Region, 2022
Global Automotive Embedded Systems Market- Trends
Electric and Autonomous Vehicles
The growing adoption of electric vehicles (EVs) and autonomous vehicles (AVs) is a significant trend in the automotive industry. EVs require advanced embedded systems for battery management, power electronics, and vehicle connectivity. AVs rely on sophisticated embedded systems for perception, decision-making, and control. As the demand for EVs and AVs continues to rise, the Global Automotive Embedded Systems Market is expected to witness substantial growth.
Connected Car Technologies
Connected car technologies, including telematics, infotainment systems, and vehicle-to-everything (V2X) communication, are becoming increasingly prevalent. These systems enable seamless connectivity between vehicles, infrastructure, and other devices, enhancing safety, entertainment, and convenience.
Global Automotive Embedded Systems Market- Segmentation
The Global Automotive Embedded Systems Market report is segmented into product type, component, vehicle type, application and region.
Based on Product Type, the market is segmented into Embedded Hardware, Embedded Software
Based on Component, the market is segmented into Sensors, Microcontroller Unit (MCU), Transceivers, and Circuits
Based on Vehicle Type, the market is segmented into Internal Combustion Engines (Diesel and Gasoline Vehicles), Integrated Electric Vehicles (BEV, HEV, and PHEV)
Based on application, the market is segmented into electricals and electronics, infotainment and telematics, powertrain and chassis, advanced driver assistance systems
Among these, the sensors segment had the highest share. 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.
Global Automotive Embedded Systems Market: Key Developments
Automotive Embedded Systems Market Report Snapshots
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