Automotive Embedded Systems Market Analysis | CMI

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AUTOMOTIVE EMBEDDED SYSTEMS MARKET ANALYSIS

• Automotive Embedded Systems Market Report, by
  Product Type (Embedded Hardware and Embedded
  Software), by Component (Sensors, Microcontroller
  Unit (MCU), Transceivers, and Integrated
  Circuits), by Vehicle Type (Internal Combustion
  Engines (Diesel and Gasoline Vehicles) and
  Electric Vehicles (BEV, HEV, and PHEV)), by
  Application (Electrical and Electronics,
  Infotainment and Telematics, Powertrain and
  Chassis, and Advanced Driver Assistance Systems),
  and by Region (North America, Europe, Asia
  Pacific, Latin America, Middle East, and Africa)
  - Size, Share, Outlook, and Opportunity Analysis
  2019 - 2027

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Market Drivers

• Among product type, embedded software segment is
  expected to exhibit a significant CAGR over the
  forecast period due to deployment of these in
  emerging telematic products and in-vehicle
  infotainment systems. Tire pressure monitoring
  systems, airbags, anti-lock braking system,
  satellite radio, telematics, and emission control
  among others are some of the prominent
  applications that require incorporation of an
  embedded system for their operations. For
  instance, embedded airbag system is a battery
  operated system that works on commands generated
  by the microcontroller during collision, to
  trigger the airbag system.
• Among vehicle type, electric vehicles segment is
  expected to exhibit high growth rate over the
  forecast period. This is attributed to lack of
  conventional fuels, exhaust gas emissions, and
  rising trend of electric vehicles. For instance,
  in 2013, the European Union set its own emission
  standards. EU Regulation No 443/2009 set an
  average target of 130 grams/kilometer CO2
  emission for new passenger cars. A target of 95
  grams/kilometer CO2 emission will be applicable
  from 2021.

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Market Restraint

• Furthermore, these electronic systems require
  high power supply for functioning and are very
  complicated to design. Moreover, these electronic
  systems require complex level of software
  algorithms, which indirectly results in high
  battery power utilization. These factors are
  expected to hinder the market growth over the
  forecast period. However, their impact is
  expected to remain medium to low over the
  forecast period.

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Figure 1. Global Automotive Embedded System
Market Drivers
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Market Opportunities

• Increasing demand for advanced safety, comfort,
  and convenience systems is expected to fuel
  growth of the market
• Strict regulations concerning antilock braking
  systems (ABS), electronic brake-force
  distribution (EBD), tire pressure management
  systems (TPMS), and airbags across the globe to
  enhance user safety has fueled deployment of
  embedded systems in automotive industry. In 2008,
  the U.S. Congress Transportation Recall
  Enhancement, Accountability and Documentation
  (TREAD) Act mandated the deployment of
  appropriate tire pressure monitoring system
  (TPMS) technology in all passenger vehicles to
  improve driver and passenger safety with the use
  of dashboard warning system.
• According to the TREAD Act (as of November 1,
  2012), the European Union mandated TPMS in every
  passenger car models. The U.S. Highway Safety Act
  of 1991 made airbags and ABS feature mandatory in
  all passenger cars. Embedded technology in these
  systems are required for efficient operation and
  this is expected to fuel growth of the Automotive
  Embedded Systems Market.

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Figure 2. Global Automotive Embedded System
Market Share (), by Region (2017 2027)
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• Emergence of autonomous vehicles is another
  factor supporting growth of the global automotive
  embedded system market
• Advent of autonomous vehicles is a growth
  opportunity for key players in the global
  automotive embedded systems market. According to
  coherent market insights, the global autonomous
  vehicle sales is expected to exceed 32.6 million
  units in 2040, exhibiting a CAGR of 43 between
  2019 and 2030. Key players in this industry such
  as Ford, Mercedes, and Tesla are involved in the
  development and manufacturing of autonomous
  vehicles. According to Coherent Market Insights
  analysis, the sales of autonomous vehicles in
  China and the U.S. is expected to reach around
  5.75 million and 4.52 million by 2035.

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• Asia Pacific is the fastest growing region in the
  global automotive embedded systems market. China
  and India are expected to be the leading markets
  in Asia Pacific region. According to the
  Organization Internationale des Constructeurs
  d'Automobiles (OICA), in 2018, total sales of
  vehicles in China was 28,080,577 units, which
  contributes to 29.5 of the global sales. This
  drives growth of the global automotive embedded
  systems market.

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Key Players

• Major players operating in the global automotive
  embedded systems market include Robert Bosch
  GmbH, Panasonic Corporation, Toshiba, Continental
  AG, Denso Corporation, Mitsubishi Electric
  Corporation, Delphi Automotive LLP, Texas
  Instruments Incorporated, Infineon Technologies
  AG, Harman International, NXP Semiconductors
  N.V., and Johnson Electric.

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