Which embedded system applications are expected to grow the most in the coming years?

The Embedded System Market is projected to grow from USD 86.5 billion in 2020 to USD 116.2 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025. Key factors fueling the growth of this market include an increase in the number of research and development activities related to embedded systems, rise in demand for advanced driver-assistance systems (ADAS) and electromobility solutions for electric vehicles and hybrid vehicles, increase in demand for portable devices such as wearables, and rise in the use of multicore processors in military applications.

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Among hardware, the FPGA segment of the market is projected to grow at the highest CAGR from 2020 to 2025

The field-programmable gate arrays (FPGA) segment of the embedded system market is projected to grow at the highest CAGR from 2020 to 2025. The growth of this segment can be attributed to the simple design cycles of FGPA and their ability to reconfigure systems based on the requirements of applications. Moreover, FPGA support parallel computing, which makes them suitable for the rapid prototyping of various digital devices. Various advancements in the telecommunication industry, such as the advent of 5G technology, are expected to drive the growth of the market for FPGA-based embedded hardware globally.

The middleware segment of the embedded system market is projected to grow at a high CAGR during the forecast period

Among software, the middleware segment of the market is projected to grow at a high CAGR from 2020 to 2025. Middleware is an alternative to the embedded operating systems (OS) and can either be incorporated in the OS or integrated with device drivers and OS. Middleware helps in reducing the complexity of applications by centralizing software architecture, usually present in application layers. Moreover, it offers connectivity, intercommunication feature, portability, security, and flexibility, which embedded OS fail to offer in distributed and heterogeneous architectures.

Based on functionality, the real-time embedded systems segment of the market is projected to grow at a high CAGR from 2020 to 2025

The real-time embedded systems segment of the embedded system market is projected to grow at a high CAGR from 2020 to 2025. Real-time embedded systems are dedicated to perform given functions within a specified time frame. Since there is an increasing focus on efficiency and power management in various applications, these embedded systems are increasingly being used in network systems, medical systems, process control systems, robot manufacturing systems, traffic control systems, multimedia systems, etc. Moreover, the rising demand for real-time data and its analysis, along with the requirement of advanced communication infrastructure for technologies such as 5G and artificial intelligence (AI), is expected to lead to demand for real-time embedded systems globally.

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The medium-scale embedded systems segment accounted for the largest share of the embedded system market in 2019

In 2019, the medium-scale embedded systems segment accounted for the largest share of the embedded system market. Medium-scale embedded systems are used for packet processing in network switches and routers and data processing in ultrasonic sensors. These systems form a major part of network and communication applications owing to their excellent power handling capacities. The increasing requirement of fast processing of embedded systems and efficient power consumption are key factors leading to the growing demand for 16-bit and 32-bit microcontrollers. Based on the number of threads and memory requirements, embedded devices commonly use either 16-bit microcontroller or 32-bit microcontroller architectures or a combination of both.

Among industries, the communication segment accounted for the largest share of the embedded system market in 2019

The communication segment accounted for the largest share of the embedded system market in 2019. Embedded systems are used in routers, Ethernet devices, wireless infrastructures, and protocol converters for high-speed data transfer to support the expanding communication infrastructures. Embedded hardware such as FPGA and ASIC are being used in various network and telecom applications. Telecom providers often integrate hard IP for interfaces such as peripheral component interconnect (PCI) Express, 100G Ethernet, and DDR3/4 for high-speed data transfer using embedded hardware such as FPGA. Moreover, technologies such as eASIC, which are cost-effective and meet power targets, are increasingly used in radio access network (RAN) equipment.

APAC is projected to hold the largest share of the embedded system market in 2025

APAC is expected to hold the largest share of the embedded system market in 2025. The growing per capita income and ongoing large-scale industrialization and urbanization are factors driving the growth of the embedded system market in this region. In addition, the availability of low-cost electronic products in APAC is expected to contribute to an increased demand for microprocessors and microcontrollers in the region. The rising use of autonomous robots and embedded vision systems is also projected to lead to an increased demand for embedded system hardware such as microprocessors and controllers for use in industrial applications in APAC.

Intel (US), Renesas (Japan), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Texas Instruments (US), Microchip (US), Cypress Semiconductors (US), Qualcomm (US), Analog Devices (US), and Infineon Technologies (Germany) are the key players operating in the embedded system market. These players are increasingly undertaking strategies such as product launches, expansions, agreements, joint ventures, partnerships, collaborations, mergers, and acquisitions to increase their market share.

Which are the major applications of inductors?

The Inductor Market is estimated to grow from USD 3.8 billion in 2020 to USD 4.7 billion by 2025; at a CAGR of 4.2%. Major driving factors of the inductor market are the increasing demand for consumer electronics that require a large number of inductors and the rising adoption of electric vehicles.

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Fixed inductor market is fastest-growing market

Most of the inductors used in the electronics industry are fixed inductors. As the electronics industry is shifting toward small form factors, fixed inductors are increasingly becoming popular, owing to their compact design and lightweight. These inductors have coils that are wound in such a manner that they remain fixed in a position. They are used in filters, sensors, transformers, motors, energy storage systems, among others. Fixed inductors can sustain in high temperatures and can operate in extreme environments; hence, the demand for these inductors is likely to increase in the near future.

Wire-wound inductors to hold largest share of inductor market in 2025

Wire-wound inductors have a core made of magnetic metals such as iron or ferrite with a wire wound around it. Unwanted radio frequencies can interfere with the audio sound quality and disrupt electrical circuits. Hence, wire-wound inductors are used as they can block or filter radio frequencies. They are typically found in car audio systems and electronic control units (ECUs) and also in electronic equipment used in communication infrastructures and mobile base stations. They are mainly used in the high-frequency circuits of mobile communication equipment, such as wireless LAN, mobile phones, broadband components, RFID tags, RF transceivers, Bluetooth, Wireless PDA, and security systems. Wire-wound inductors are larger in size and their performance is twice than that of multilayered inductors of the same size. Wire-wound inductors hold the largest market share as the manufacturing cost involved is less compared with other types of inductors and they provide a high inductance value.

Automotive is fastest-growing vertical in inductor

Inductors, used in automotive applications, have to operate under harsh environmental conditions. They can be used in various applications such as engine and transmission control units, LED drivers, HID lighting, and noise suppression for motors. Advancements in the automotive industry such as passenger comfort and safety, as well as environmental considerations, require expanding electronics to accommodate the decreasing available space. Inductors in the automotive industry are used in applications such as EMI filtering of high-power lines and energy storage for high-frequency DC-to-DC converters. In the automotive sector, surface-mount power inductors are widely used. As an increasing number of systems are becoming electrical instead of mechanical, a large amount of current is required to be appropriately regulated and filtered. Also, due to the adoption and increase in the manufacturing of electric vehicles, the demand for inductors in automobiles has significantly increased.

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APAC to hold largest share of inductor market in 2025

The growth of the inductor market in APAC is mainly driven by the growth of the consumer electronics market in the region. APAC is witnessing dynamic changes in terms of the adoption of new technologies across various industries. As APAC has low labor cost, most of the inductors are manufactured in APAC and are exported to various regions. There is an extensive rise in the demand for power, which is increasing the need for power management and thereby, accelerating the demand for inductors.

Key players in the market are Murata Manufacturing (Japan), TDK (Japan), Vishay Intertechnology (US), TAIYO YUDEN (Japan), Chilisin (Taiwan), Delta Electronics (Taiwan), Panasonic (Japan), ABC Taiwan Electronics (Taiwan), Pulse Electronics (US), Coilcraft (US), Shenzhen Sunlord Electronics (China), Bourns (US), Sumida (Japan), ICE Components (US), AVX (US), Bel Fuse (France), Falco Electronics (Mexico), GCi Technologies (US), Würth Elektronik (Germany), and Samsung Electro-Mechanics (South Korea).

These players are increasingly undertaking product launches and developments, and acquisitions, to develop and introduce new technologies and products in the market.

Impact of COVID 19 on Thermal Printing Market

The ongoing COVID-19 pandemic—and the worldwide reaction to it—has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.

At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Thermal Printing Market. We are working diligently to help companies take rapid decisions by studying: 

• The impact of COVID-19 on the Thermal Printing Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
• The rapid shifts in the strategies of the Top 50 companies in the Thermal Printing Market
• The shifting short-term priorities of the top 50 companies' clients and their client's clients

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According to the new research report "Thermal Printing Market by Offering (Printer, Supplies), Printer Type (Barcode, POS, Kiosk & Ticket, RFID, and Card), Format Type (Industrial, Desktop, Mobile), Printing Technology (DT, TT, D2T2), Application and Geography - Global Forecast to 2025", published by MarketsandMarkets™, the Thermal Printing Market is expected to grow from USD 43.2 billion in 2020 to USD 53.5 billion by 2025; it is expected to grow at a CAGR of 4.4% from 2020 to 2025.

The growth of the thermal printing market is driven by factors such as rising utilization of automatic identification and data capture technologies for improving productivity, growing concerns regarding product safety and anti-counterfeiting, increasing use of thermal printing technology in latest on-demand printing applications, rising penetration of wireless technologies in mobile printers, and growing use of RFID and barcode thermal printers in the fast-growing e-commerce industry.

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Barcode printer segment to hold the largest share of the thermal printer market, by type, in 2020

Barcode printer segment will lead the thermal printer market, by type, in terms of size, in 2020. Thermal barcode printers are extensively used in small, medium, and large businesses to label and subsequently track the products to be shipped. This is one of the significant factors that has led to the leading position of barcode printers in the thermal printer market.

The market for healthcare & hospitality application to grow at the highest CAGR during the forecast period

The thermal printing market, based on application, has been segmented into retail, transportation & logistics, manufacturing & industrial, healthcare & hospitality, government, and others. Among all applications, the thermal printing market for healthcare & hospitality applications is expected to witness the highest growth during the forecast period. The use of smart labels helps in the instant tracking of patients and medical equipment, whenever required, especially in emergencies. Thermal printers are widely used for printing labels and tags that are compatible with various processes in the healthcare application and help to improve patient flow, bed utilization, and asset allocation.

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North America to hold the largest share of thermal printing market by 2020

North America is expected to hold the largest share of the thermal printing market by 2020. The US leads the market in North America owing to its well-established economy that encourages government and private investments in new technologies. APAC is expected to account for the second-largest share of the thermal printing market during the forecast period. China and Japan are significant demand-generating countries for thermal printers in this region.

A few key players operating in the thermal printing market are Zebra Technologies (US), SATO Holdings (Japan), Seiko Epson (Japan), Fujitsu (Japan), Star Micronics (Japan), BIXOLON (South Korea), and Honeywell International (US).

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Scenarios of impact of Coronavirus on Thermal Imaging market

We salute industry experts helping companies survive and sustain in this economic pandemic; they are working day and night to help companies take rapid-decisions by finding

·  Covid Impact on Thermal Imaging Market, growth/decline in product type/use cases of Thermal Imaging Market due to cascaded impact of Covid 19 on Extended Ecosystem..

·  How top 50 companies in Thermal Imaging Market are making rapid shifts in their strategies as we speak here...

·  Outside-in view of top 50 companies client and client's clients shifting short-term priorities

Speak to Our Analyst to analyse how COVID-19 to analyse how it is impacting your clients and your client’s clients. (CTA)

The global Thermal Imaging Market is estimated to grow from USD 3.4 billion in 2020 to USD 4.6 billion by 2025; at a CAGR of 6.2%. Increasing government expenditure on the aerospace & defense sector is one of the factors fueling the growth of this market.

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Thermal Imaging Market for uncooled technology-based thermal products accounted for larger share of market in 2019

The Thermal Imaging market for uncooled thermal products accounted for a larger share of the market in 2019. The growth of this market is attributed to the increasing demand for uncooled thermal solutions for commercial applications. Furthermore, the availability of HD resolution makes uncooled thermal solutions an ideal solution for high-resolution applications, such as military security and surveillance, perimeter protection, industrial detection, and automotive diagnostic. Moreover, they offer long-time services due to the presence of less moving parts.

Thermal Imaging Market for SWIR thermal products expected to grow at highest CAGR during forecast period

The SWIR segment is projected to lead the thermal imaging market with the highest CAGR of 8.9% from 2020 to 2025. The growth is expected due to several advantages offered by SWIR, such as the ability to see through a glass, availability in small size, and ability to see the covert laser. Moreover, as the technological advancements and efforts to launch new low-priced SWIR cameras, is likely to increase the penetration of SWIR cameras.

Thermal Imaging Market for thermal modules is expected to grow at highest CAGR during forecast period

Thermal modules are estimated to grow at the highest CAGR during the forecast period. The growth is estimated owing to their compact size, low cost, and flexibility to integrate with other devices such as drones, smartphones, and wearables, enabling them to penetrate in new application areas. Leonardo S.p.A. (Rome, Italy), and Leonardo DRS (US), BAE Systems (UK), and Xenics (Belgium) are the major manufacturer and supplier of thermal modules.

Thermal Imaging Market for Security and surveillance application accounted for largest share of market in 2019

The security and surveillance application held the largest share of the thermal imaging market in 2019. The growth is attributed to the increasing government expenditure in the military sector. According to the Stockholm International Peace Research Institute (SIPRI), in 2018, the global military expenditure was USD 1,822 billion, which was increased by 2.6% compared to 2017. This increase is mainly carried out to procure advance protective systems and gadgets, which enables the soldiers to safeguard country borders from illegal human or animal activities.

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Thermal Imaging Market for healthcare and life sciences vertical is expected to grow at highest CAGR during forecast period

The healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. The growth is attributed to increasing usage of thermography for detection of internal injuries without affecting the human body. This technique is also useful in monitoring wildlife health, which helps to cure and protect them from illness.

APAC is expected to grow at highest CAGR during forecast period

APAC is expected to grow at the highest CAGR during forecast period. The growth of the thermal imaging market in APAC is attributed to the presence of regional vendors in China and India, offering low-cost solutions, which in turn causes a decline in prices of thermal imaging products. Additionally, the increase in mass production of the thermal camera in China supports the growth of the market along with the presence of a number of OEMs as well as thermal imaging product manufacturers.

FLIR Systems, Inc. (Oregon, US), Fluke Corporation (Washington, US), Leonardo S.p.A. (Rome, Italy), L3HARRIS TECHNOLOGIES, INC. (Florida, US), and United Technologies (Connecticut, US) are the key players in the thermal imaging market. These players are increasingly undertaking strategies such as product launches & developments, expansions, partnerships, agreements, contracts, and mergers & acquisitions to increase their market share.

COVID-19 Impact on Functional Safety Market

According to the market research report "Functional Safety Market by Offering (Component (Safety Sensor, Programmable Safety System, Final Control Element), Services), System (ESD, TMC, F&G, HIPPS, BMS), Industry (Oil & Gas, Chemicals, Power Generation), and Region - Global Forecast to 2024", was worth USD 4.6 billion in 2019 and is projected to reach USD 7.1 billion by 2024, at a CAGR of 8.8%.

The major factors fueling the growth include strict mandates for safety regulations, surging demand for safety systems in the oil & gas industry, high requirement for reliable safety systems to ensure personnel and asset protection, and rise in industrial revolution 4.0.

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Safety sensors to lead functional safety market by 2024

The rising demand for functional safety-certified sensors in process industries and the increasing implementation of regulatory measures pertaining to functional safety by several governments are the key factors driving the growth of the market. Moreover, sensors used in a safety system are developed and designed to ensure safe, logic-based outputs in case a measurement or signal transmission does not occur. Safety sensors are used in automatic safety barriers, edges, electronic safety sensors, emergency stops (e-stops), palm buttons, safety controls, laser scanners, light curtains, mats, optoelectronic devices (single and multi-beam), and two-hand safety controls. Further, safety sensor is leading functional safety market as they perform important functions such as continuous process sensing and finding inconsistencies within processes.

Emergency shutdown systems to hold largest share of functional safety market during forecast period

The rising demand for functional safety-certified ESD systems in several industries and the increasing implementation of functional safety measures by several governments are the key factors driving the growth of the market for ESD systems. Oil & gas plants are prone to incidents that can adversely affect people and the environment. Functional safety systems such as emergency shutdown systems can considerably reduce the risk of accidents in oil & gas plants by initiating plant shutdown in emergencies. Therefore, functional safety systems are widely used in the oil & gas industry. ESD systems are widely used in petrochemicals, pharmaceuticals, manufacturing, power, and healthcare industries.

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Europe to be largest market for functional safety systems during forecast period

Europe presents a substantial market for functional safety systems as functional safety standards are strictly followed within the European Economic Area (comprises all European Union countries). The region’s safety standards and directives restrict the supply and operations of machines that do not meet the regulatory requirements. The region’s stringent regulatory standards and safety directives are driving the growth of the functional safety market in Europe.

Major players in the functional safety market include Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Hima Paul (US), Omron (Japan), Siemens (Germany), and Others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com​