The global automotive embedded systems market was valued at US$ 21.36 billion in 2018 and is projected to reach US$ 40.85 billion by 2027, exhibiting a CAGR of 6.7% over the forecast period. According to Automotive Embedded Systems Market Report, by Product Type (Embedded Hardware and Embedded Software), by Component (Sensors, Microcontroller Unit (MCU), Transceivers, and Integrated Circuits), by Vehicle Type (Internal Combustion Engines (Diesel and Gasoline Vehicles) and Electric Vehicles (BEV, HEV, and PHEV)), by Application (Electrical and Electronics, Infotainment and Telematics, Powertrain and Chassis, and Advanced Driver Assistance Systems), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa).
An automotive embedded system is a microcontroller-based system to control and access data from sub-systems of the vehicle. Most commonly used embedded system in vehicles is embedded navigation system such as global positioning system (GPS). This navigational system comprises an embedded circuitry, which consists of GPS receiver, a gyroscope, a DVD-ROM, main controller, and display system. Increasing adoption of such technologies in passenger vehicles is expected to aid in growth of the market. Automotive embedded system is a crucial component for improving vehicle performance, safety, and emission control. In electric vehicles, several electronic components such as sensors and microcontrollers for enhanced safety and convenience features such as infotainment, electronic steering, and braking are used. Increasing global warming, rising CO2 emission, scarcity of conventional fuels, and increasing fuel prices are major factors driving growth of the electric vehicles (EV) segment. The Department of Heavy Industry (DHI) of Government of India and Society of Indian Automobile Manufacturers (SIAM) announced the plan of the government to bring 6-7 million electric and hybrid vehicles on Indian roads by 2020.
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