The global automotive embedded system market is poised to reach US$ 8.2 Billion by the year 2032 from US$ 4.8 Billion as of the year 2022 at a CAGR of 5.5% between 2022 and 2032.

Automotive embedded system, as the name suggests, does render real-time interaction along with control over numerous systems of the automotive like steering, suspensions, brakes, electronic body, steering, and likewise.

The advantages include automatic emergency braking, smart navigation technology, controlled fuel emission, advanced telematics, engine management, and likewise. The advanced applications mentioned above are bound to accelerate the automotive embedded system market in the near future.

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The self-driven cars (autonomous cars) are into integration of automotive embedded system. The real-time data needed over here constitutes cars on the road, pedestrians crossing road, any other barriers, or even weather forecast. The other features include controlling smog monitors, GPRS, emergency braking systems, radar system, and likewise. Thus the environment around vehicle could be gauged herein.

The state regulations are imposing sophisticated control laws, which could be incorporated only through computer-based systems like restricting the exhaust emissions or making airbags mandatory. Herein, even though the embedding the system seems to be complex, the overall downtime gets reduced. That's why, market participants are agreeing upon collaborating to dole out feasible architecture. Future Market Insights has walked through these findings with subsequent steps to be taken in its latest market study entitled 'Automotive Embedded System Market'.

Read more at: https://www.futuremarketinsights.com/reports/automotive-embedded-system-market

"With ever-increasing adoption of EVs (electric vehicles) coupled with cars' electrification, the global automotive embedded system is bound to witness a splurge in the upcoming period", says an analyst from Future Market Insights.

Key Takeaways from Automotive Embedded System Market

  • North America holds the largest market share due to proper integration regarding embedded systems amongst suppliers, research facilities, and car makers.
  • Europe is expected to do well in the automotive embedded system market with Germany leading from the front.
  • The Asia-Pacific is expected to witness the fastest growth in automotive embedded system market with Japan and China witnessing growing adoption of electric vehicles. Also, India, with its Automotive Mission Plan, has planned to increase its revenue from automotives three times by the year 2026.
  • LATAM and MEA are also expected to make a mark in automotive embedded system market going forward.

Competitive Arena

  • Robert Bosch, in October 2021, invested over US$ 400 Mn for mass production of microchips.
  • Real-time Robotics, in June 2022, announced collaborating with Mitsubishi Electric Automation, Inc., for furthering programming as well as exercising control over industrial robots with collision avoidance software and innovative motion control; both used in automotives.