Embedded System Market

Embedded System Market Size by Component (Software, Hardware), Functionality (Real-time Embedded Systems, Standalone Embedded Systems), System Size, Industry Vertical, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12555
  • Published Date: Oct, 2021
  • Pages: 236
  • Category: Information Technology & Semiconductors
  • Format: PDF
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Global embedded system market is estimated to reach USD 138.45 billion by 2028, at a CAGR of 5.73% from 2021 to 2028. Global embedded system market is witnessing a considerable growth owing to increasing demand for smart devices across the globe.

Market Overview:

Embedded system is an electronic system which combines hardware and computer software for providing project solution, which is either fixed capability or programmable. With the help of an embedded system, the complexity of circuits can be reduced and simultaneously reduces the overall cost and size. It is basically the microcontroller or microprocessor-based system which is designed to perform the dedicated function within the large systems.  Some of the applications of embedded system are digital watches, hybrid vehicles, smart cards, military and defence equipment, and microwave. The embedded systems are worked with the help of digital signal processors (DSP) and microcontrollers, and application-specific integrated circuits (ASIC). These systems are then integrated with the component which is dedicated to handling the electronics interfering.

The embedded system market is expected to grow at a rapid pace from the past few years. The growth is mainly due to the advancement of the latest technologies such as artificial intelligence, virtual reality, machine learning, and internet of things (IoT). The increasing trends, such as security for embedded systems, reduce energy consumption, and cloud connectivity is driving the growth of the embedded system market. An embedded system perform specialized operations and repeatedly. The embedded system offers many benefits, such as low cost, precision timing, small size, and low weight. The embedded systems offers many characteristics, such as improved performance, more functions and features, reduced cost, and increased dependability. Due to these benefits and characterizes, billions of microcontrollers have been used to create an embedded system.

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Market Dynamics:

Drivers:
  • Growing demand for smart devices

Increasing demand for smart devices such as smart watches, smart phones, smart electricity, and smart meters is a key contributing factor for the growth of the embedded system market. One of the main challenges while designing smart devices is the integration of a large number of technologies.  Thus, the embedded system helps the smart devices by combining all the software and hardware of smart devices. Thus, the increasing demand for smart devices driving the growth of the market.

  • Increasing adoption of embedded system in the automobile industry

The integration of embedded system in the automobiles has been rising rapidly from the past decade. Every automobile manufactures integrates the embedded systems in the automobiles for different functions such as ignition, security and audio systems. In addition to this, increasing application of embedded system in the airbag systems, GPS, anti-locking brake system, and fuel injection controller devices, driving the growth of the market.

Restraints:
  • Rising security and privacy concern

Embedded system is often required to store, access, and communicate the sensitive data, which induces the concern about the security and privacy concern. Thus, one of the most significant threats for the embedded system is hackers can access the smart automobiles and the emerging networked transportation infrastructure, home and industrial-infrastructure network through the embedded system. Thus, rising privacy and security concern may limit the growth of the market.

Opportunities:
  • Growth in adoption of embedded systems in healthcare devices

Currently, embedded systems offer many advantages in the healthcare industry. They have used in many devices such as imaging systems, monitoring vital signs, CT scans, and MRIs. In addition to this, the embedded system allows healthcare professionals to monitor the patients remotely. Furthermore, the embedded systems are used to create the smart hospital beds. Thus, rising applications of embedded systems in the healthcare industry, offering the growth opportunities for the vendors in the market.

Challenges:
  • Lack of skilled professionals

The embedded systems are getting complex with the increasing integration of advanced technologies.  However, there is a lack of skilled professionals who have in-depth knowledge about embedded systems. Therefore, lack of qualified professionals is projected to hinder the growth of the market over the forecast period.

Segmentation Analysis:

The global embedded system market has been classified on the basis of component, functionality, system size, industry verticals, and regions.

  • The component segment is divided into software and hardware. The hardware segment accounted for the major market share of 90.36% in the year 2020. The embedded systems comprise various hardware such as sensors, microprocessors, and input and output interfaces, and display. The increasing adoption of hardware in the embedded system, driving the growth of the market.
  • The functionality segment includes real-time embedded systems and standalone embedded systems. The real-time embedded systems is projected to grow at the highest CAGR of 6.9% over the forecast period. Real-time embedded systems are dedicated to perform the given function in the real-time. Thus, increasing application of real-time embedded system in traffic applications, manufacturing systems, and media systems driving the growth of the market.
  • The system size segment includes small-scale embedded systems, medium-scale embedded systems, and large-scale embedded systems. Medium-scale embedded systems segment dominated the global embedded system market and held the largest market share of 72.36% in the year 2020. Embedded systems which sued 16-bit to 32-bit microcontrollers are the medium-size embedded systems. Increasing demand for medium-size embedded systems in the home appliances and telecommunications driving the growth of the market.
  • The industry vertical segment is classified into automotive, healthcare, industrial, aerospace and defence, consumer electronics, communication, energy, and others. The communication segment accounted for the major market share of 45.26% in the year 2020. The communication provider often integrates the embedded system in the wireless infrastructures and routers.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region dominated the global embedded systems market and held the largest market share of 43.69% in the year 2020.

  • The growth is mainly due to the early adoption of embedded systems in the various industry verticals such as automobiles, communication, and healthcare industry. In addition to this, many companies are developing a software solution for the embedded systems. Furthermore, the presence of key market players in North America further driving the growth of the market.
  • The Asia Pacific region is projected to grow at the highest CAGR of 7.65% over the forecast period. Increasing urbanization in countries such as India and China, boosting the growth of the market. In addition to this, rising industrialization and industry 4.0, further driving the demand for embedded systems in the Asia Pacific region. 

North America Embedded system Market Share in 2020- 43.69%

 

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Competitive Analysis:

In October 2019, Renesas Electronics Corporation announced the launch of Renesas Advanced (RA) Family of 32-bit Arm Cortex-M microcontrollers (MCUs)for the development of IoT(Internet of Thing) technology for various applications including safety and security.

In February 2018, STMicroelectronics announced the launch of IoT-enabled embedded systems to enhance the product portfolio of embedded systems. 

List of Key Market Players:

  • Intel
  • Renesas
  • STMicroelectronics
  • NXP Semiconductors
  • Texas Instruments
  • Microchip
  • Cypress Semiconductors
  • Qualcomm Analog Devices
  • Infineon Technologies

Key Target Audience

  • Government Bodies
  • Technology Investors
  • Investors/Shareholders
  • IT Enterprises
  • Cloud Service Providers

Report Description:

  • Global Embedded System Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global embedded system market is based on revenue (USD Million/Billion). The report incorporates the market study on the basis of revenue. The study covers the market share revenue/market share for each of the segments, regions and countries catering to global embedded system market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of embedded systemand regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global Embedded system market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global embedded system market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global embedded system market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the embedded system market was valued at USD 88.35 billion in 2020 and is anticipated to reach USD 138.45 billion by 2028.

Global embedded system market is growing at a CAGR of 5.73% during the forecast period 2021-2028.

The global embedded system market has been segmented based on component, functionality, system size, industry vertical, and regions. The hardware segment accounted for the major market share in the year 2020.

The North America region emerged as the largest market for the embedded system.

Increasing demand for smart devices such as smart watch, smart phones, smart electricity, and smart meters is key contributing factor for the growth of embedded system market.

Rising security and privacy concern is one of the factor may hinder the growth of market.

Growth in adoption of embedded systems in healthcare devices, project to offer high growth opportunities in the market.

Key players are Intel, Renesas, STMicroelectronic, NXP Semiconductors, Texas Instruments, and Microchip among others.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Component
          4.3.2. Market Attractiveness Analysis By Functionality
          4.3.3. Market Attractiveness Analysis By System Size
          4.3.4. Market Attractiveness Analysis By Industry Vertical
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing demand for smart devices
          5.2.2. Increasing adoption of embedded system in the automobile industry
    5.3. Restrains
          5.3.1. Rising security and privacy concern
    5.4. Opportunities
          5.4.1. Increasing adoption of embedded systems in healthcare devices
    5.5. Challenges
          5.5.1. Lack of skilled professionals

6. Global Embedded System Market Analysis and Forecast, By Component
    6.1. Segment Overview
    6.2. Hardware
    6.3. Software

7. Global Embedded System Market Analysis and Forecast, By Functionality
    7.1. Segment Overview
    7.2. Real-time Embedded Systems
    7.3. Standalone Embedded Systems

8. Global Embedded System Market Analysis and Forecast, By System Size
    8.1. Segment Overview
    8.2. Small-scale Embedded Systems
    8.3. Medium-scale Embedded Systems
    8.4. Large-scale Embedded Systems

9. Global Embedded System Market Analysis and Forecast, By Industry Vertical
    9.1. Segment Overview
    9.2. Automotive
    9.3. Healthcare
    9.4. Industrial
    9.5. Aerospace & Defence
    9.6. Consumer Electronics
    9.7. Communication
    9.8. Energy
    9.9. Others

10. Global Embedded System Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Embedded System Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Embedded System Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Intel
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Renesas
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. STMicroelectronics
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. NXP Semiconductors
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Texas Instruments
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Microchip
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Cypress Semiconductors
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Qualcomm Analog Devices
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Infineon Technologies
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
 

List of Table

1. Global Embedded System Market, By Component, 2018–2028 (USD Billion)

2. Global Hardware, Embedded System Market, By Region, 2018–2028 (USD Billion)

3. Global Software, Embedded System Market, By Region, 2018–2028 (USD Billion)

4. Global Embedded System Market, By Functionality, 2018–2028 (USD Billion)

5. Global Real Time, Embedded System Market, By Region, 2018–2028 (USD Billion)

6. Global Standalone, Embedded System Market, By Region, 2018–2028 (USD Billion)

7. Global Embedded System Market, By System Size, 2018–2028 (USD Billion)

8. Global Small Scale, System Market, By Region, 2018–2028 (USD Billion)

9. Global Medium Scale, Embedded System Market, By Region, 2018–2028 (USD Billion)

10. Global Large Scale, Embedded System Market, By Region, 2018–2028 (USD Billion)

11. Global Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

12. Global Automotive Embedded System Market, By Region, 2018–2028 (USD Billion)

13. Global Healthcare Embedded System Market, By Region, 2018–2028 (USD Billion)

14. Global Industrial Embedded System Market, By Region, 2018–2028 (USD Billion)

15. Global Aerospace & Defence Embedded System Market, By Region, 2018–2028 (USD Billion)

16. Global Consumer Electronics Embedded System Market, By Region, 2018–2028 (USD Billion)

17. Global Communication Embedded System Market, By Region, 2018–2028 (USD Billion)

18. Global Energy Embedded System Market, By Region, 2018–2028 (USD Billion)

19. Global Others Embedded System Market, By Region, 2018–2028 (USD Billion)

20. Global Embedded System Market, By Region, 2018–2028 (USD Billion)

21. Global Embedded System Market, By North America, 2018–2028 (USD Billion)

22. North America Embedded System Market, By Component, 2018–2028 (USD Billion)

23. North America Embedded System Market, By Functionality, 2018–2028 (USD Billion)

24. North America Embedded System Market, By System Size, 2018–2028 (USD Billion)

25. North America Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

26. U.S. Embedded System Market, By Component, 2018–2028 (USD Billion)

27. U.S. Embedded System Market, By Functionality, 2018–2028 (USD Billion)

28. U.S. Embedded System Market, By System Size, 2018–2028 (USD Billion)

29. U.S. Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

30. Canada Embedded System Market, By Component, 2018–2028 (USD Billion)

31. Canada Embedded System Market, By Functionality, 2018–2028 (USD Billion)

32. Canada Embedded System Market, By System Size, 2018–2028 (USD Billion)

33. Canada Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

34. Mexico Embedded System Market, By Component, 2018–2028 (USD Billion)

35. Mexico Embedded System Market, By Functionality, 2018–2028 (USD Billion)

36. Mexico Embedded System Market, By System Size, 2018–2028 (USD Billion)

37. Mexico Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

38. Europe Embedded System Market, By Component, 2018–2028 (USD Billion)

39. Europe Embedded System Market, By Functionality, 2018–2028 (USD Billion)

40. Europe Embedded System Market, By System Size, 2018–2028 (USD Billion)

41. Europe Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

42. Germany Embedded System Market, By Component, 2018–2028 (USD Billion)

43. Germany Embedded System Market, By Functionality, 2018–2028 (USD Billion)

44. Germany Embedded System Market, By System Size, 2018–2028 (USD Billion)

45. Germany Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

46. France Embedded System Market, By Component, 2018–2028 (USD Billion)

47. France Embedded System Market, By Functionality, 2018–2028 (USD Billion)

48. France Embedded System Market, By System Size, 2018–2028 (USD Billion)

49. France Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

50. U.K. Embedded System Market, By Component, 2018–2028 (USD Billion)

51. U.K. Embedded System Market, By Functionality, 2018–2028 (USD Billion)

52. U.K. Embedded System Market, By System Size, 2018–2028 (USD Billion)

53. U.K. Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

54. Italy Embedded System Market, By Component, 2018–2028 (USD Billion)

55. Italy Embedded System Market, By Functionality, 2018–2028 (USD Billion)

56. Italy Embedded System Market, By System Size, 2018–2028 (USD Billion)

57. Italy Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

58. Spain Embedded System Market, By Component, 2018–2028 (USD Billion)

59. Spain Embedded System Market, By Functionality, 2018–2028 (USD Billion)

60. Spain Embedded System Market, By System Size, 2018–2028 (USD Billion)

61. Spain Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

62. Asia Pacific Embedded System Market, By Component, 2018–2028 (USD Billion)

63. Asia Pacific Embedded System Market, By Functionality, 2018–2028 (USD Billion)

64. Asia Pacific Embedded System Market, By System Size, 2018–2028 (USD Billion)

65. Asia Pacific Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

66. Japan Embedded System Market, By Component, 2018–2028 (USD Billion)

67. Japan Embedded System Market, By Functionality, 2018–2028 (USD Billion)

68. Japan Embedded System Market, By System Size, 2018–2028 (USD Billion)

69. Japan Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

70. China Embedded System Market, By Component, 2018–2028 (USD Billion)

71. China Embedded System Market, By Functionality, 2018–2028 (USD Billion)

72. China Embedded System Market, By System Size, 2018–2028 (USD Billion)

73. China Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

74. India Embedded System Market, By Component, 2018–2028 (USD Billion)

75. India Embedded System Market, By Functionality, 2018–2028 (USD Billion)

76. India Embedded System Market, By System Size, 2018–2028 (USD Billion)

77. India Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

78. South America Embedded System Market, By Component, 2018–2028 (USD Billion)

79. South America Embedded System Market, By Functionality, 2018–2028 (USD Billion)

80. South America Embedded System Market, By System Size, 2018–2028 (USD Billion)

81. South America Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

82. Brazil Embedded System Market, By Component, 2018–2028 (USD Billion)

83. Brazil Embedded System Market, By Functionality, 2018–2028 (USD Billion)

84. Brazil Embedded System Market, By System Size, 2018–2028 (USD Billion)

85. Brazil Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

86. Middle East and Africa Embedded System Market, By Component, 2018–2028 (USD Billion)

87. Middle East and Africa Embedded System Market, By Functionality, 2018–2028 (USD Billion)

88. Middle East and Africa Embedded System Market, By System Size, 2018–2028 (USD Billion)

89. Middle East and Africa Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

90. UAE Embedded System Market, By Component, 2018–2028 (USD Billion)

91. UAE Embedded System Market, By Functionality, 2018–2028 (USD Billion)

92. UAE Embedded System Market, By System Size, 2018–2028 (USD Billion)

93. UAE Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

94. South Africa Embedded System Market, By Component, 2018–2028 (USD Billion)

95. South Africa Embedded System Market, By Functionality, 2018–2028 (USD Billion)

96. South Africa Embedded System Market, By System Size, 2018–2028 (USD Billion)

97. South Africa Embedded System Market, By Industry Vertical, 2018–2028 (USD Billion)

List of Figures 

1. Global Embedded System Market Segmentation

2. Embedded System Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Embedded System Market Attractiveness Analysis By Component

9. Global Embedded System Market Attractiveness Analysis By Functionality

10. Global Embedded System Market Attractiveness Analysis By System Size

11. Global Embedded System Market Attractiveness Analysis By Industry Vertical

12. Global Embedded System Market Attractiveness Analysis By Region

13. Global Embedded System Market: Dynamics

14. Global Embedded System Market Share By Component(2021 & 2028)

15. Global Embedded System Market Share By Functionality(2021 & 2028)

16. Global Embedded System Market Share By System Size(2021 & 2028)

17. Global Embedded System Market Share By Industry Vertical(2021 & 2028)

18. Global Embedded System Market Share by Regions (2021 & 2028)

19. Global Embedded System Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global embedded system market on the basis of below mentioned segments:

Global Embedded System Market by Component:

  • Software
  • Hardware

Global Embedded system Market by Functionality:

  • Real-time Embedded Systems
  • Standalone Embedded Systems

Global Embedded System Market by System Size:

  • Small-scale Embedded Systems
  • Medium-scale Embedded Systems
  • Large-scale Embedded Systems

Global Embedded System Market by Industry Verticals:

  • Automotive
  • Healthcare
  • Industrial
  • Aerospace and Defense
  • Consumer Electronics
  • Communication
  • Energy
  • Others

Global Embedded System Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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