Transparency Market Research
Embedded System Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018
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Published Date: Jul 2013
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117 Pages Report
Corporate User License: US $ 10595 REPORT DESCRIPTION Global Embedded System Market is Expected to Reach USD 194.27 Billion in 2018: Transparency Market Research Transparency Market Research "Embedded SystemMarket -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018", the market was valued at USD 121 billion in 2011, which is expected to reach USD 194.27 billion by 2018, growing at a CAGR of 6.8% from 2012 to 2018. Increasing demand for smart devices such as smart electricity and water meters is a significant driving force for the market. Smart meters facilitate monitoring and management of energy consumption and ensure two-way communication with the utility. The usage of multicore processors in embedded systems in order to facilitate low power consumption and higher efficiency is also a major growth driver. In addition, declining microcontroller prices and growth in the healthcare industry are expected to have a positive impact on embedded system demand over the forecast period. This can be attributed to the substantial number of embedded systems used in medical devices such as blood glucose monitors. Downturn in the automotive industry on a global level is expected to act as a barrier for the market in the near future. Browse Full Report: http://www.transparencymarketresearch.com/embeddedsystem.html