About Embedded System for Electric Vehicle
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 17.5% |
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. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Embedded System for Electric Vehicle market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Embedded System for Electric Vehicle market by , Application (Powertrain & Chassis Control, User Interface and Infotainment, Advanced Driver Assistance Systems (ADAS), Network Communication, Thermal Management Systems and Battery Management Systems) and Region.
On the basis of geography, the market of Embedded System for Electric Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hardware will boost the Embedded System for Electric Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by EV Category, the sub-segment i.e. Battery Electric Vehicle (BEV) will boost the Embedded System for Electric Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Two Wheelers will boost the Embedded System for Electric Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
Key Target Audience
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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.