Global Embedded System for Electric Vehicle Market Overview:
Embedded systems are hardware and software integrated into electric vehicles to control, and access the data through electronics-based systems. The embedded systems market for electric vehicles is expected to grow as EVs have become dominant in the mission for sustainable transportation. The growing popularity of autonomous vehicles in many countries around the world has created noteworthy opportunities for powerful and reliable embedded systems. Further, preference towards enhanced safety and driver assistance systems and advancements in the ADAS system is expected to fuel high growth in the market during the forecasted period.
As per latest study released by AMA Research, the Global Embedded System for Electric Vehicle market is expected to see growth rate of 17.5% and may see market size of USD31500.0 Million by 2030.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging Trend of Nanotechnology and Integration of Miniature Embedded Systems for Electric Vehicles
Market Growth Drivers:
Riding Demand for EVs across the Globe Due to Increasing Environmental Concerns and Increasing demand for embedded systems in Passenger Cars and Focus on Deployment of Telematics Systems for Connected Car Experiences
Challenges:
High Risk of Cybersecurity Concerns May Create Challenges for the Market
Restraints:
Cybersecurity Vulnerabilities and High Development Costs May Hamper the Growth
Opportunities:
Shift Towards Autonomous Vehicles by Many Countries is Expected to Create Significant Opportunities for the Market
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Automotive (Ireland), Denso Corporation (Japan), Infineon Technologies AG (Germany), Tata Consultancy Services Limited (India), Mitsubishi Electric Corporation (Japan), NXP Semiconductors (Netherlands), Texas Instruments (United States), Harman International (United States), Magna International (Canada), Renesas Electronics Corporation (Japan) and Valeo SA (France). Analyst at AMA Research see European Players to retain maximum share of Global Embedded System for Electric Vehicle market by 2030. Considering Market by Components, the sub-segment i.e. Hardware will boost the Embedded System for Electric Vehicle market. Considering Market by EV Category, the sub-segment i.e. Battery Electric Vehicle (BEV) will boost the Embedded System for Electric Vehicle market. Considering Market by Vehicle Type, the sub-segment i.e. Two Wheelers will boost the Embedded System for Electric Vehicle market.
What Can be Explored with the Embedded System for Electric Vehicle Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Embedded System for Electric Vehicle Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Embedded System for Electric Vehicle
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Embedded System for Electric Vehicle market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Embedded System for Electric Vehicle market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Embedded System for Automotive Manufacturers, Suppliers & Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.