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Embedded System Market | Global Sales Analysis Report 2022-31

10-21-2022 07:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Embedded system, by definition, is an integrated system due to its combination of hardware and software. An embedded system is designed to fulfil real-time requirements using a combination of hardware and software. Embedded systems, presently, account for 40% of the total value of an average car, and this is expected to dominate the automotive sector. Likewise, embedded software and electronics are projected to constitute 45% of the value of industrial automation systems, 70% of consumer electronics, and 45% of medical equipment. Rise in penetration of technology in different end-use industries is anticipated to boost the embedded system market growth at higher rate.

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An embedded hypervisor is software that enables multiple computing environments to run simultaneously on a single system on a chip (SoC). Virtual machine (VM) technology uses a hypervisor that creates multiple virtual copies of a computer, each to be used by a single application as if it were the only one running.

Increasing demand for multicore embedded systems is boosting the applications of virtualization technology in embedded systems. An embedded hypervisor enables embedded systems to boot the system directly to a virtual machine, provide direct access to system resources, offer strong protection against cyber-attacks, and help provide support to different processors.

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Complex and highly integrated SoCs are increasingly becoming the standard choice, as demand rises for increased performance, enhanced security, and reliable connection options all while using less power. Many solutions have arisen to meet these demands, with embedded virtualization being one of the most effective. What was once considered exclusive to desktop and server contexts is currently standard practice in resource-constrained embedded systems.

For instance, in February 2022, Northrop Grumman and Curtiss Wright Corp. announced a new partnership with the goal of bringing a similar approach to more military embedded systems currently featured on some in-service U.S. military aircraft. The partnership is anchored by single board computers supplied by Curtiss Wright and Northrop Grumman's Real-time Virtualization & Modernized Protection (ReVAMP) virtualization software.

For Instance, In June 2018, Renesas announced the "R-Car virtualization support package" that enables easier development of hypervisors for the R-Car automotive system-on-chip (SoC).

Increase in Automation Activities Boosting Demand for Embedded Systems

Automation applications are transforming various industries, ranging from manufacturing to the automotive industry. Embedded systems are being widely utilized in automation because they enable devices to be small, agile, and fast-moving. Network embedded systems can be quite complex with complicated user interfaces; however, several are relatively simple and perform only one purpose, but that task may be vital to the system's operation.

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It is critical for embedded systems to be able to endure the environmental demands of manufacturing facilities in automation applications. Temperature extremes, vibration, and shock are all frequent in these situations. Consequently, the majority of automation applications use real-time embedded systems with SLC, or single-level cell, flash memory.

Standalone embedded systems are built to help optimize power efficiency, maximize performance, and control operations in harsh conditions. In general, small-scale embedded systems are small circuit boards that contain a microprocessor, memory, power supply, and external interfaces that communicate with other components of a larger system. When evaluating an embedded system in industrial automation applications, the two key use cases are machine control and machine monitoring. Thus, automation and industrial 4.0 would increase the demand for embedded systems applications across the industrial sector to boost market revenue.

Rising Trend of Embedded Systems with Enhanced Graphics, AI & Vision Capabilities

The operation of embedded systems is critical in many domains, including automotive safety, security systems, manufacturing, and many others. Rise in penetration of Internet of Things in more aspects of modern life is driving more bits of technology that were previously immune to modern computing to become embedded systems.

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Increasing number of computer vision systems may be rapidly implemented as embedded systems in IoT due to the wide choice of hardware platforms and the quantity of open-source libraries for machine learning and artificial intelligence (AI). AI applications for computer vision in embedded systems are extremely competitive and valuable.

Computer vision in embedded systems has numerous uses, especially when artificial intelligence capabilities are included. Some major applications include manufacturing, Industry 4.0., autonomous vehicles, and robotics.

About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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