The automotive embedded systems market was valued at US$ 19.48 billion in 2016 and is projected to reach US$ 32.51 billion by 2025, exhibiting a CAGR of 5.7% during the forecast period, according to Automotive Embedded Systems Market, by offering 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 (Includes 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)published by Coherent Market Insights.
An automotive embedded system is a microcontroller based system to control and access data from sub-systems of the vehicle. Most commonly used embedded systems in a vehicle is embedded navigation system, which includes GPS. This navigational system comprises an embedded circuitry made by a GPS receiver, a gyroscope, a DVD-ROM, main controller, and a display system. Increasing adoption of such technologies in passenger vehicles is expected to aid in growth of the market.
Automotive embedded systems is a crucial component in improving vehicle performance, safety, and for emission control. In electric vehicles, several electronic components are used such as sensors and microcontrollers for enhanced safety and convenience features such as infotainment, electronic steering, and braking etc. Increasing global warming, rising focus on regulations concerning CO2 emission, dearth of conventional fuels, and increasing fuel prices in turn is creating a highly conducive environment for growth of the electric vehicles (EV) segment. The Department of Heavy Industry (DHI) under the Government of India, along with the Society of Indian Automobile Manufacturers (SIAM), announced the government’s plans to bring 6-7 million electric and hybrid vehicles on Indian roads by 2020.
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