Automotive Embedded System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Component, and Application

Automotive Embedded System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Component, and Application

  • November 2021 •
  • 228 pages •
  • Report ID: 6195561 •
  • Format: PDF
The global automotive embedded system market is projected to reach US$ 7,051.11 million by 2028 from US$ 4,483.81 million in 2021; it is expected to grow at a CAGR of 6.7% from 2021 to 2028. By assisting contemporary produced automobiles with heaps of driver-assist technologies, the automotive sector has AI take the wheel. The AI is likely to benefit advanced safety measures introduced for connected automobiles. The driver-assist features incorporated in modern automobiles are assisting drivers in becoming more acquainted with AI before the vehicles become fully autonomous. AI identifies unsafe scenarios, brakes automatically, and takes control of cars to avoid collisions; it also detects risks around vehicles by monitoring dozens of on-board sensors and alerts the drivers about the same. AI-based cloud services for predictive maintenance are currently being deployed for the automobile customers. Unlike traditional automobiles, connected vehicles can go beyond displaying check-engine lights and low-tire-pressure warnings to drivers. Embedded AI systems in many of the newer models monitor hundreds of sensors and can detect problems before they impair vehicle function. They can detect minute changes that might signal component malfunction or failure by analyzing hundreds of datapoints every second.

Key companies in the automotive embedded system market include Robert Bosch GmbH, Continental AG, Panasonic Corporation, Garmin Ltd., Mitsubishi Electric Corporation, Denso Corporation, Harman International, INFINEON TECHNOLOGIES AG, Mitsubishi Electric Corporation, and NXP Semiconductors. The report also comprises secondary research work on other companies that hold a significant market share.

The overall size of the automotive embedded system market has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the automotive embedded system market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the automotive embedded system market.

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