자동차 임베디드 시장 : 제품 유형, 용도, 차종, 지역별(2024-2031년)

Automotive Embedded Market Valuation - 2024-2031

The increasing integration of advanced technologies in vehicles, coupled with the demand for connected and autonomous vehicles, is propelling the automotive embedded market. According to analyst from Verified Market Research, the automotive embedded market is projected to reach a valuation of USD 13.45 Billion by 2031,up from USD 8 Billion in 2024.

The rapid expansion of the automotive embedded market is primarily driven by the growing emphasis on vehicle safety, fuel efficiency, and enhanced user experience. Additionally, stringent government regulations regarding vehicle emissions and safety standards are further boosting market growth. These factors contribute to the market to grow at aCAGR of 7.40% from 2024 to 2031.

Automotive Embedded Market: Definition/Overview

Automotive embedded encompasses the hardware and software components integrated into vehicles to control various functions and systems. These embedded systems are designed to perform specific tasks within the vehicle's ecosystem, ranging from basic operations like engine control to advanced features such as autonomous driving capabilities.

Automotive embedded systems typically include microcontrollers, sensors, actuators, and software that work together to manage and optimize vehicle performance, safety, and user experience. As vehicles become increasingly connected and intelligent, the role of embedded systems in automotive design and functionality continues to expand, driving innovation in areas such as infotainment, advanced driver assistance systems (ADAS), and electrification.

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What Factors are Propelling the Growth of the Automotive Embedded Market?

The automotive industry's shift towards electric and hybrid vehicles is a significant driver for the embedded systems market. These vehicles require sophisticated battery management systems, power electronics control, and energy optimization algorithms, all of which rely heavily on embedded technologies. As governments worldwide implement stricter emissions regulations and offer incentives for electric vehicle adoption, the demand for advanced embedded systems in the automotive sector is expected to surge.

The rise of connected vehicles and the Internet of Things (IoT) in the automotive industry is another key factor driving market growth. Modern vehicles are increasingly equipped with embedded systems that enable vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, enhancing safety and traffic management capabilities. These systems also facilitate over-the-air (OTA) updates, allowing manufacturers to improve vehicle performance and add new features throughout the vehicle's lifecycle, thus creating a continuous demand for robust embedded solutions.

Furthermore, the development of autonomous driving technologies is pushing the boundaries of automotive embedded systems. Advanced driver assistance systems (ADAS) and fully autonomous vehicles require an array of sensors, high-performance computing platforms, and complex software algorithms to perceive the environment, make decisions, and control the vehicle. This trend is driving significant investment in embedded hardware and software development, as automakers and technology companies compete to bring self-driving capabilities to market.

What are the Potential Impacts of Automotive Embedded Technology Adoption in the Market?

The increasing complexity of embedded systems in vehicles is a significant hurdle for the market. As more features and functions are integrated, the risk of software bugs and system failures grows, potentially leading to costly recalls and safety issues. This complexity also increases development time and costs for automakers, who must ensure that all embedded systems work seamlessly together and meet stringent safety and reliability standards.

Cybersecurity is another critical concern in the automotive embedded market. As vehicles become more connected and reliant on software, they also become potential targets for cyberattacks. Ensuring the security of embedded systems against hacking attempts, data breaches, and unauthorized access is a significant challenge that requires ongoing investment and expertise. The need for robust cybersecurity measures adds another layer of complexity and cost to automotive embedded system development.

Additionally, the rapid pace of technological advancement in the automotive industry creates challenges for embedded system suppliers and automakers alike. The long development cycles typical in the automotive industry sometimes conflict with the fast-paced evolution of embedded technologies, leading to the risk of implementing outdated systems in new vehicles. Balancing innovation with the need for thorough testing and validation remains an ongoing challenge in the automotive embedded market.

Category-Wise Acumens

What are the Drivers that Contribute to the Demand for Embedded Hardware?

According to VMR analysis, the embedded hardware segment is estimated to dominate the market in the product type category during the forecast period. The increasing sophistication of vehicle functions and features is driving demand for more powerful and specialized embedded hardware components. Advanced microcontrollers and processors are required to handle complex tasks such as real-time sensor data processing, artificial intelligence algorithms for ADAS, and high-resolution graphics for infotainment systems.

Moreover, the trend toward vehicle electrification is boosting demand for specialized embedded hardware. Electric and hybrid vehicles require sophisticated power management and control systems, including battery management systems (BMS) and power inverters, which rely on dedicated embedded hardware solutions. As the electric vehicle market grows, so does the demand for these specialized components.

Furthermore, the integration of multiple electronic control units (ECUs) in modern vehicles is driving the need for more robust and efficient embedded hardware. Automakers are increasingly adopting domain controller architectures, which consolidate multiple functions into centralized, high-performance computing platforms. This shift requires more powerful embedded processors and memory solutions, contributing to the growth of the embedded hardware segment.

What are the Potential Factors for the Growth of Infotainment & Telematics in the Market?

The infotainment & telematics segment is projected to experience significant growth in the automotive embedded market during the forecast period. Consumer demand for seamless connectivity and advanced entertainment options in vehicles is a primary driver for this segment. Modern infotainment systems offer features such as smartphone integration, voice control, and streaming services, requiring sophisticated embedded solutions to deliver a smooth and responsive user experience.

Telematics systems, which enable vehicle tracking, diagnostics, and communication with external networks, are becoming increasingly important for fleet management, usage-based insurance, and connected car services. These systems rely on embedded hardware and software to collect and transmit data, driving demand for specialized embedded solutions in this segment.

Additionally, the integration of artificial intelligence and machine learning capabilities in infotainment systems is opening new possibilities for personalized user experiences and predictive maintenance. These advanced features require more powerful embedded systems, further fueling growth in this segment. As vehicles evolve into mobile computing platforms, the infotainment & telematics segment is expected to remain a key focus area for innovation and investment in the automotive embedded market.

Country/Region-wise Acumens

What are the Key Factors that Contribute to Asia Pacific's Edge in the Market?

According to VMR analysts, the Asia Pacific region is estimated to dominate the automotive embedded market during the forecast period. The region's dominance is attributed to several factors, including the presence of major automotive manufacturing hubs in countries such as China, Japan, and South Korea. These nations have a strong focus on technological innovation and are at the forefront of electric vehicle development, driving demand for advanced embedded systems.

Furthermore, government initiatives promoting the adoption of electric vehicles and intelligent transportation systems in countries like China and India are creating a favorable environment for the growth of the automotive embedded market. These policies are encouraging automakers to invest in advanced technologies, including sophisticated embedded systems for improved vehicle efficiency and connectivity.

How Do Government Regulations Shape the Market Landscape in North America?

The North American region is expected to exhibit significant growth within the automotive embedded market during the forecast period. Stringent government regulations regarding vehicle safety and emissions are key drivers for the adoption of advanced embedded systems in this region. For instance, mandates for features such as automatic emergency braking and backup cameras have spurred the integration of more sophisticated ADAS systems in vehicles.

Moreover, the push for improved fuel efficiency and reduced emissions has led to increased adoption of engine management systems and powertrain control modules, which rely heavily on embedded technologies. The region's strong focus on autonomous vehicle development, particularly in the United States, is also driving investment in advanced embedded systems for perception, decision-making, and vehicle control.

The presence of major automotive and technology companies in North America, particularly in Silicon Valley, is fostering innovation in the automotive embedded space. Collaborations between traditional automakers and tech giants are accelerating the development and integration of cutting-edge embedded technologies in vehicles, further propelling market growth in the region.

Competitive Landscape

The automotive embedded market's competitive landscape is characterized by a mix of established automotive suppliers, semiconductor manufacturers, and software companies, all vying for market share in an increasingly technology-driven industry.

Some of the prominent players operating in the automotive embedded market include:

Robert Bosch GmbH

Continental AG

Aptiv PLC

Panasonic Corporation

Infineon Technologies AG

NVIDIA Corporation

NXP Semiconductors N.V.

Texas Instruments Incorporated

Renesas Electronics Corporation

Denso Corporation

Latest Developments

In March 2024, Continental AG announced the development of a new high-performance vehicle computer platform designed to support advanced driver assistance systems and autonomous driving functions. The platform integrates multiple ECUs into a centralized architecture, reducing complexity and improving overall system performance.

In January 2024, NVIDIA Corporation unveiled its next-generation automotive-grade system-on-chip (SoC) for autonomous vehicles, featuring enhanced AI processing capabilities and improved energy efficiency. The new chip is designed to power advanced in-vehicle infotainment systems and support Level 4 autonomous driving features.

TABLE OF CONTENTS

1. Introduction of Global Automotive Embedded Market

• Overview of the Market
• Scope of Report
• Assumptions

2. Executive Summary

3. Research Methodology of Verified Market Research

• Data Mining
• Validation
• Primary Interviews
• List of Data Sources

4. Global Automotive Embedded Market Outlook

• Overview
• Market Dynamics
• Drivers
• Restraints
• Opportunities
• Porters Five Force Model
• Value Chain Analysis

5. Global Automotive Embedded Market, By Type

• Embedded Software
• Embedded Hardware

6. Global Automotive Embedded Market, By Vehicle Type

• Passenger Cars
• Two Wheelers
• Commercial Vehicles

7. Global Automotive Embedded Market, By Component

• Transceivers
• Memory Devices
• Microcontrollers

8. Global Automotive Embedded Market, By Application

• Infotainment & Telematics
• Body Electronics
• Safety & Security
• Powertrain & Chassis Control
• Others

9. Global Automotive Embedded Market, By Geography

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• Rest of the World
• Latin America
• Middle East & Africa

10. Global Automotive Embedded Market Competitive Landscape

• Overview
• Company Market Ranking
• Key Development Strategies

11. Company Profiles

• Bosch
• Continental AG
• Denso
• Aptiv Plc
• Magna International Inc.
• ZF Friedrichshafen AG
• Valeo SA
• Hyundai Mobis Co. Ltd
• Lear Corporation
• Johnson Controls International PLC

12. Appendix

• Related Research