AUTOMOTIVE EMBEDDED SYSTEMS MARKET ANALYSIS

Automotive Embedded Systems MarketSize and Trends

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

1. In April 2021, Garmin International, Inc., which is a subsidiary of Garmin Ltd., had introduced an all-new 2021 voice-controlled dash cam series with Live View monitoring and automated video storage to assist drivers in capturing the incidences.
2. In June 2021, Zhuhai ENPOWER Electric Co., Ltd, announced that it is the first to integrate the latest 750 V automotive-grade IGBTs from Infineon Technologies AG. The discrete IGBT EDT2 devices enable performance boosts and system cost savings in main inverter applications and DC link discharge switches of electric vehicles are also useful in achieving system integration targets.
3. In October 2021, German technology group, Robert Bosch GmbH had earmarked more than US$ 400 Billion for investments in microchip production to ease a global shortage.
4. In April 2022, DENSO Corporation collaborated with United Semiconductor Japan Co., Ltd. (USJC), a subsidiary of United Microelectronics Corporation, for the production of power semiconductors at USJC’s 300mm fab to cater to growth in demand in the automotive market.
5. In June 2022, Realtime Robotics, Inc., (simple, extensible platform for automation) announced that it has collaborated with Mitsubishi Electric Automation, Inc., (Enabling innovations in smart manufacturing, engineering efficiency, predictive maintenance, and integrated robotics) to further the programming and control of industrial robots with innovative motion control and collision avoidance software used in automotive.