PR Newswire
NEWARK, Del., Nov. 2, 2022
The North America Embedded System market accounts for 41.4% market share and over the forecast period, it will have US$ 3.3 Bn in revenue by 2032. German technology group Robert Bosch has earmarked more than US$ 400 Mn for investments in microchip production to ease a global shortage.
NEWARK, Del., Nov. 2, 2022 /PRNewswire/ -- The global automotive embedded system market is poised to reach US$ 8.2 Bn by the year 2032 from US$ 4.8 Bn as of the year 2022 at a CAGR of 5.5% between 2022 and 2032.
Automotive embedded system, as the name suggests, does render real-time interaction along with control over numerous systems of the automotives like steering, suspensions, brakes, electronic body, steering, and likewise. The advantages include automatic emergency braking, smart navigation technology, controlled fuel emission, advanced telematics, engine management, and likewise. The advanced applications mentioned above are bound to accelerate the automotive embedded system market in the near future.
The self-driven cars (autonomous cars) are into integration of automotive embedded system. The real-time data needed over here constitutes cars on the road, pedestrians crossing road, any other barriers, or even weather forecast. The other features include controlling smog monitors, GPRS, emergency braking systems, radar system, and likewise. Thus the environment around vehicle could be gauged herein.
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The state regulations are imposing sophisticated control laws, which could be incorporated only through computer-based systems like restricting the exhaust emissions or making airbags mandatory. Herein, even though the embedding the system seems to be complex, the overall downtime gets reduced. That's why, market participants are agreeing upon collaborating to dole out feasible architecture. Future Market Insights has walked through these findings with subsequent steps to be taken in its latest market study entitled 'Automotive Embedded System Market'.
"With ever-increasing adoption of EVs (electric vehicles) coupled with cars' electrification, the global automotive embedded system is bound to witness a splurge in the upcoming period", says an analyst from Future Market Insights.
Key Takeaways from Automotive Embedded System Market
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Key Segments Covered In Automotive Embedded System Market Survey
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
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The increasing adoption of advanced driver assistance systems (ADAS) in modern passenger vehicles is highlighting the need for accurate ADAS testing equipment to achieve optimal driving experience and safety. https://www.futuremarketinsights.com/reports/advanced-driver-assistance-systems-market
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