New York, US, Oct. 27, 2021 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Embedded Technology Market information by Platforms, by Hardware, by Application and Region – forecast to 2027” market size to reach 116.2 billion, growing at a compound annual growth rate of 6.1% by 2027.
Embedded technology is a microprocessor based system attached with software designed to work independently or part of a large system. Introduction of 5G services as well as development of smart technologies for management of processes can drive market growth. The global embedded technology market report by Market Research Future (MRFR) identifies new trends in embedded technology and its future applications through in-depth research for the forecast period (2020-2027). The COVID-19 pandemic and its effects also make up a large portion of the report.
- Dominant Key Players on Embedded Technology Market Covered are:
- NXP Semiconductors
- Renesas Electronics Corporation
- Texas Instruments
- Infineon Technologies AG
- Atmel Corporation
- Microsoft Corporation
- Infosys Ltd.
Get Free Sample PDF Brochure:
Market USP Exclusively Encompassed:
Production of EVs and Hybrid Vehicles to be a Major Driver
Nations aiming to connect the large populace of cities with rural areas can lead to heave investments in rail infrastructure. Expansions of rail road projects to serve as a reliable backup for trade and being integral to logistics and supply chains can drive the embedded technology market. Bids and auctions invited by governments to modernize the railways can serve as an incentive to embedded technology manufacturers.
Rollout of 5G Services and 5G Embedded Devices to Boost Market Demand
The fuel burn penalty for embedded technology emitting nitrogen oxide can motivate railroad operators to opt for engines with alternative fuels such as diesel, LNG, and electric. Replacement of gasoline engines with diesel and encouragement of brake thermal efficiency can bode well for the market. Investments in fuel injection technology to improve the performance of embedded technology engines has high potential in the market.
Vulnerability to Cyber Threats to Hamper Market
Hybrid embedded technology are estimated to gain precedence slowly in the market as nations look to introduce sustainable development goals in …….