London, Feb. 09, 2023 (GLOBE NEWSWIRE) -- A greater level of awareness among consumers concerning vehicle safety has steadily led to more R&D initiatives aimed at further developing improved embedded systems such as electronic brake-force distribution, satellite radio, GPS, telematics, traction control, adaptive cruise control, ABS, and airbags in automobiles. This is a major factor that is expected to boost the growth trajectory of the global embedded systems in automobiles market, says a new upcoming study of Fairfield Market Research. Embedded systems in automobiles are computer-controlled electronic systems implemented to ensure better safety for its passengers and improve the performance of a vehicle. Moreover, the implementation of stricter regulations by respective governments such as the mandating of safety devices like airbags or the restricting of exhaust emissions is also a factor expected to boost market growth prospects for the embedded systems in automobiles industry. While the benefits of embedded systems in automobiles are clear, the high costs associated with these systems could be a factor that may potentially hinder the growth of the global embedded systems in automobiles market in the coming years.
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Insights into Segmental Analysis
Owing to increasing climate change concerns and the need for more energy-efficient vehicles, a growing number of individuals are now opting for electric or hybrid transport solutions. These vehicles come equipped with relevant embedded systems that aid in their operation. Moreover, the need to lower emissions is gradually taking center-stage, with higher investments being made towards the development of more effective systems that lower the carbon footprint and increase efficiency. This is a major factor slated to positively influence growth of the global embedded systems in automobiles market. Increasing adoption of electric and hybrid vehicles will further augment the market.
Insights into Regional Analysis
Due to the exploding population across Asia Pacific, increasing disposable incomes, and higher accident rates, the demand for embedded systems in automobiles is expected to continue to grow over the forecast timeline. Moreover, robust urbanization and digitization in this region is also expected to have a positive influence on the growth trajectory of the embedded systems in automobiles market. Moreover, many countries in this region are considered manufacturing hubs, which is another element expected to further contribute to expansion prospects for the embedded systems in automobiles market in the future.
Global Embedded Systems in Automobiles Market Leaders
Notable players in the Embedded Systems in Automobiles Market include Continental AG, Texas Instruments, Robert Bosch GmbH, Mitsubishi Electric Corporation, Infineon Technologies, DENSO Corporation, Delphi Technologies, and Atmel Corporation.
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Global Embedded Systems in Automobiles Market is Segmented as Below:
By Type
- Embedded Software
- Embedded Hardware
By Electric Vehicle type
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
By Vehicle Type
- Passenger cars
- Commercial vehicles
By Application Type
- Infotainment & Telematics
- Body Electronics
- Safety & Security
- Powertrain & Chassis Control
By Components
- Sensors
- Microcontrollers (MCU)
- Transceivers
- Memory Devices
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Russia
- Rest of Europe
- Asia Pacific
- Japan
- South Korea
- India
- China
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Report Inclusions
- Market Estimates and Forecast
- Market Dynamics
- Industry Trends
- Competition Landscape
- Type-Wise Analysis
- Application-Wise Analysis
- Vehicle Type-Wise Analysis
- EV Type-Wise Analysis
- Component-Wise Analysis
- Region-Wise Analysis
- Country-Wise Analysis
- Key Trends Analysis
- COVID-19 Impact Analysis
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/embedded-systems-automobiles-market/more-information
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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