Embedded Systems: Technologies And Markets

April 27, 2009

Wellesley, Mass—According to a new technical market research report, EMBEDDED SYSTEMS: TECHNOLOGIES AND MARKETS (IFT016C) from BCC Research (www.bccresearch.com), the global market for embedded systems technologies was worth $92.0 billion in 2008. This will increase to $112.5 billion in 2013, for a compound annual growth rate (CAGR) of 4.1%.

The market is broken down into segments for embedded hardware and embedded software. Embedded hardware currently has the largest share of the market, worth $89.8 billion in 2008. This should increase at a CAGR of 4.1% to reach $109.6 billion in 2013.

The embedded software segment has the second largest share of the market, worth $2.2 billion in 2008. This segment is expected to generate $2.9 billion in 2013, for a CAGR of 5.6%.

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The ease of developing and marketing embedded devices is increasing with the advance of technology and communication. Embedded devices are now starting to dominate nearly every aspect of human life. Many new devices are being introduced into the global market every day with innovative end applications. From cell phones to digital televisions to mp3 players to refrigerators to washing machines, we are constantly using embedded devices for different purposes, often unaware of the underlying technology.

Embedded hardware and software are what make these embedded devices work. The success of the embedded devices is defined by how well designed and developed the device is, and if it is using right underlying hardware that meets cost constraints.

The rise of the open source software movement on the web, coupled with low cost engineering talent available via outsourcing, will ease the design and development of embedded devices. The embedded hardware market will continue to flourish over the long term as new applications emerge.

Embedded Systems: Technologies and Markets( IFT016C )
Publish Date: Apr 2009    

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