Global Automotive Embedded Systems Market Growth Accelerated by Increasing Vehicle Production

Automotive embedded systems play a vital role in vehicle safety, efficiency, and driver assistance features by enabling real-time data processing, driver assistance, infotainment, navigation, telematics, and emissions control functions. Embedded systems offer features like anti-lock braking systems, electronic stability control, advanced driver-assistance systems, telematics control units, and powertrain control modules. The growing vehicle production is expected to drive the demand for automotive embedded systems in order to provide advanced connectivity solutions.

Market key trends:

The increasing vehicle production around the world is one of the major factors accelerating the growth of the automotive embedded systems market. According to International Organization of Motor Vehicle Manufacturers, global vehicle production grew by 4% in 2021 to reach over 89 million units. The growth in vehicle production is expected to drive the demand for automotive embedded systems as original equipment manufacturers focus on incorporating advanced driver assistance systems, infotainment solutions, and connectivity features to enhance the driving experience. A rise in the demand for advanced embedded systems from automakers to provide safety and connectivity features is projected to propel the automotive embedded systems market growth over the forecast period.

Segment Analysis

The global automotive embedded systems market is dominated by the infotainment and telematics sub segment. This is because automotive manufacturers are focusing on enhancing the in-vehicle experience with features like navigation, Bluetooth connectivity, rear view camera displays etc. The powertrain sub segment is also growing due to increasing focus on fuel efficiency and vehicle performance optimization.

Key Takeaways

The Global Automotive Embedded Systems Market Growth is expected to witness high over the forecast period of 2023 to 2030. The demand for connected cars and autonomous vehicles is driving innovations in automotive embedded software and electronics. The global Automotive Embedded Systems Market is estimated to be valued at US$ 18.12 Mn in 2023 and is expected to exhibit a CAGR of 23% over the forecast period 2023 to 2030.

Regional analysis

North America currently dominates the global market due to early adoption of advanced driver assistance systems and strong presence of technology companies in the U.S and Canada. However, Asia Pacific is projected to be the fastest growing region. Countries like China, Japan and South Korea are witnessing immense investment in automotive R&D which is expected to boost regional demand. Manufacturing hubs in emerging nations are also poised to strengthen Asia Pacific's position in coming years.

Key players

Key players operating in the automotive embedded systems market are Broadcom Inc., Sicoya GMBH, GlobalFoundries Inc., Intel Corporation, Juniper Networks Inc., and Cisco Systems Inc. They have significant market share due to their advanced semiconductor offerings used in automotive electronic control units. IBM Corporation is also a prominent player known for providing automotive grade servers, storage and software solutions. NeoPhotonics Corporation has a strong focus on light based automotive communication systems.

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