Automotive Embedded System Market Size is expected to reach US$ 7,051.11 Million by 2028

Posted by Nikhil khadilkar on September 26th, 2022

According to our latest market study on “Automotive Embedded System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Component, and Application,” the market was valued at US$ 4,483.81 million in 2021 and is projected to reach US$ 7,051.11 million by 2028; it is expected to grow at a CAGR of 6.7% from 2021 to 2028. 

The automotive embedded system market is segmented based on component, type, and application. On the basis of type, the automotive embedded system market is segmented into hardware, and software. Based on component, the automotive embedded systems market can be categorized into memory devices, microcontrollers, sensor and drivers. Based on application, the automotive embedded systems market can be bifurcated into powertrain & chassis control, body electronics, multimedia and integrated systems/services. In terms of geography, the automotive embedded system market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection.

Get PDF Sample Copy @

Due to this the automobile industry is in a deep cyclical and secular crisis. However, customers have returned to dealership floors as pandemic-related restrictions have relaxed in certain places. For the time being, several platforms, both real and virtual, exist alongside one another, complementing and competing with one another. Tesla, along with other early adopters like Porsche, Volkswagen, and Volvo, is at the forefront of selling outside of a dealer showroom. Despite the COVID-19 breakdown, the North American automotive sector is catching up, which is a favourable indicator for automotive embedded system makers and will result in a market overhaul.

Key Findings of Study:

Based on type, the global automobile embedded system market is segmented into software and hardware. In 2020, hardware segment accounted for a larger market share. Hardware is at the heart of automotive embedded systems. Hardware components record real-time data and transmit it to the analysis and control systems of the embedded system. Sensors and drivers, A-D converters, D-A converters, and actuators are among the primary hardware components of an embedded system.

Automobiles are designed, developed, and sold by a wide range of companies, and the need for these hardware components is steadily rising. Adaptive cruise control, airbag, telematics, traction control, in-vehicle entertainment system, emission control system, parking system, navigation system, collision sensor, temperature control, radio, and anti-theft device are the most often incorporated in embedded systems in vehicles.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please

Contact Person: Sameer Joshi


Phone: +1-646-491-9876

Like it? Share it!

Nikhil khadilkar

About the Author

Nikhil khadilkar
Joined: December 19th, 2018
Articles Posted: 524

More by this author