Embedded System Market Size Will grow fantastically and Reach $214.24 Billion by 2020

Increasing demand for embedded systems boost the market over the next five years. Technological advancement as well as declining prices of microcontroller units is also projected to positively impact the embedded systems market over the next six years.Embedded systems are used in several end-use industries including vehicle,consumer electronics and healthcare is expected to drive market growth over the forecast period.

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The global embedded systems market was esteemed at USD 140.56 billion in 2013. And embedded systems market is anticipated to achieve USD 214.24 billion by 2020, rising at a CAGR (Compound Average Growth Rate)of 6.3% from 2014 to 2020 according to Hexa Research( a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe )
Product Insights
Embedded hardware covered over 93% of the market share in 2013, and is projected to dominate the market over the estimated period. Product includes,Window Embedded Compact， microcontrollers, Digital Signal Processors (DSP), microprocessors and others. Embedded software includes middleware tool and operating system (OS).

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Embedded systems have real-time restraints since they are used for a variety of safety vital purposes. This has led to the requirement for proficient software modified for the target purpose. This sector is likely to rise at a CAGR of 8.2% from 2014 to 2020.
Application Insights
Automotive applications covered over 20.5% of the overall market in 2013 and are projected to remain the largest sector over the forecast period. In automotive industry, embedded systems are used for safety, infotainment, and engine control among others. Growing demand for vehicles outfitted with car-to-road communication facilities and efficient navigation is estimated to drive the market. Furthermore, shifting focus towards hybrid electric vehicles (HEV) and electric vehicles (EV) to control emission is estimated to fuel embedded system market growth. Healthcare is anticipated to be the fastest rising application, at a CAGR of 7.41% from 2014 to 2020.

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Handheld and Portable medical equipment and devices such as essential signs monitoring systems make wide use of embedded systems. Consumer electronics including HVAC (heating, ventilation, and air conditioning), microwave ovens and mobile phones, uses embedded software and hardware is projected to nurture the market over the next five years. Industrial applications include infrastructure, energy, and process control among others. Data feedback and acquisition control systems for automation are anticipated to provide positive avenues to market growth for industrial applications

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Wayshion is a company providing embedded system and other related products and having many years of research and development on Mobile Data Terminal System for Fleet management and other professional automotive and industrial solutions. Waysion has accumulated fruitful experience in hardware and software design for these fields of products, and already served for many remarkable companies who are the leaders of these industries in their countries.