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This report informs about the growing production of computer technology and its incorporation into all aspects of daily human life. It presents an overview of how embedded computer systems have become popular and crucial for the future. The land property market is booming, and with each new owner there are more opportunities to buy homes and build new homes. The fastest growing sector so far has been manufacturing. Building a house starts at around US$20,000, so growing in this industry is lucrative and has many benefits.
What is the Embedded Computer System Market?
The Embedded Computer System Market has grown tremendously by 3,565% between 2015 and 2025. It is expected to maintain this exponential growth over the next 20 years. This can be attributed to increasing computing power, the rise of automation and connectivity, increased investment in technology infrastructure, and experimentation with driverless cars.
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Market size time phasing
See market growth with a timeline visualization. Using a 30-year prediction approach, the forecast for the embedded computing systems market is $1.3 trillion in 2024, which is impressive growth considering that only $10 billion was forecast. since 2000. The development of this market will be rapid and anticipated due to advances in technology and increased connectivity between automobiles.
Observe how car manufacturers manage technological developments
The computer system installed in automobiles, called infotainment, has been widely regarded as a crucial part of the modern automobile. Automotive industries believe that the inclusion of these computers is essential to their popularity. But we can see how consumers are demanding convenience and a better user experience.
2020 and 2022 automaker vehicle systems timeline
Car computers have been in use for a few decades. They are getting faster, cheaper and more advanced than previous generations. The improved system would help ease the transition for older drivers.
Major Players Reacted to New Developments with Car Computers 2019
The embedded computer systems market is a dynamic industry with large pharmaceutical companies, car manufacturers and technology giants investing heavily in systems. For example, look at Carvana, one of the major players due to its technology and incubated automotive startup. This market is expected to grow over the next 20 years. Car manufacturers have brought developments, and bikers are also looking for a new vehicle. Self-driving cars are becoming one of the mainstays of the automotive industry, and expectations for self-driving vehicles are increasing day by day.
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The embedded computer system market has exceeded expectations and witnessed marvelous growth over the past few decades. As expected, this market will continue to drive additional demand for high-precision navigation services and green-powered vehicle safety. A research report by independent market researcher Consulting and Markets indicates that the embedded computing systems market is expected to grow from USD 7.61 billion in 2018 to USD 12.33 billion by 2028. Considering that a third of all sales vehicles were cars in 2017, this indicates an opportunity for R&D companies to address a particular niche of an automobile.