Jul 27, 2021 (Market Insight Reports) -- The global embedded systems market size is estimated to exceed USD 160 billion by 2026, according to the latest research by Global Market Insights, Inc. The rising cybersecurity concerns in the global embedded systems market bring operating systems like Android and Linux into the limelight owing to their extensive usage in development of embedded systems. As these operating systems are large and complex, an intruder could easily violate the security, taking control of the entire system even if minor flaws are compromised.
One of the plausible methods of ensuring the security of these systems is the usage of a hypervisor on the basis of a secure microkernel, guaranteeing segregation between the different components of system software. The hypervisor offers a higher privilege level and the integrity of the system stays intact even though the guest operating system is compromised.
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A hypervisor that has been designed to be reliable and secure from the ground up provides considerable advantages over hardware for the implementation of low-level security. Further, it also helps in the provision of numerous levels of privilege so that a service having sensitive data could operate in the partition or in an isolated compartment, alongside a service having less sensitive information.
Such solutions play a vital role in the maintenance of the cybersecurity of various embedded systems projects, in turn stimulating industry landscape through the forthcoming years.
An extensive range of embedded systems applications such as airplanes, industrial machines, mobile devices, automobiles, cameras, process and agricultural industry equipment, household appliances, medical equipment, and toys are poised to augment embedded systems industry outlook over the projected span.
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Key participants in the embedded systems market include Toshiba Corporation, National Instrument, Marvell Technology, Fujitsu Limited, Broadcom Limited, ARM Holdings, Intel Corporation, Renesas Electronics Corporation, Analog Devices, Inc, and others.
Some prominent trends driving embedded systems market growth comprise:
Rising adoption of industrial embedded systems in automation to push revenue expansion
The surging adoption of embedded system designs in industrial robots and automation is likely to escalate embedded systems industry expansion through the coming years. The industrial segment is estimated to register an appreciable CAGR of more than 8 per cent over the estimated period.
On the basis of application, the embedded systems market is segmented into retail, consumer electronics, automotive, media & entertainment, healthcare, aerospace & defense, telecommunication, and industrial.
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Increasing investments in electronics manufacturing to boost Latin America embedded systems market size
The rising number of investments in electronics manufacturing sector will propel the expansion of embedded systems market share in LATAM. The Latin America embedded systems industry is touted to exhibit a lucrative CAGR of 3 per cent over the assessment period.
Escalating number of innovative embedded systems projects to impel industry outlook
Major players in the embedded systems market are focusing on collaborations for the development of innovative equipment, having improved efficiency over their conventional counterparts.
Citing an instance, ABB, a renowned industrial robotics manufacturer, has recently entered into a partnership with artificial intelligence enterprise, Covariant, for the development of robots that are capable of grasping and picking numerous kinds of objects in warehouses.