The "Embedded Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Embedded Systems is estimated at US$123.8 Billion in 2023 an...
DUBLIN: The "Embedded Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Embedded Systems is estimated at US$123.8 Billion in 2023 and is projected to reach US$172.6 Billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth of the embedded systems market is driven by several key factors. The proliferation of the Internet of Things (IoT) has made these systems indispensable for enabling device connectivity and smart functionalities in homes, workplaces, and cities. Regulatory and safety requirements across industries mandate the use of embedded systems to meet precise control and safety standards. Consumer demand for smart devices and the push for sustainability encourage the development of systems that enhance energy efficiency and reduce environmental impact.
Additionally, advancements in AI and wireless communications technology, such as 5G, expand the capabilities and applications of embedded systems, making them more effective and versatile. The integration of these systems in healthcare, security, and the development of smart cities underscores their increasing importance, propelling continued growth and innovation in embedded technology.
Key Insights:
Report Features:
Key Attributes:
Report Attribute | Details |
No. of Pages | 383 |
Forecast Period | 2023 - 2030 |
Estimated Market Value (USD) in 2023 | $123.8 Billion |
Forecasted Market Value (USD) by 2030 | $172.6 Billion |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Global |
MARKET OVERVIEW
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 241 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/4xwyhi
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Fonte: Business Wire
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