Automotive Embedded Systems Market is Projected To Reach $14.4 Billion By 2030 Globally By CIOTechOutlook Team

Automotive Embedded Systems Market is Projected To Reach $14.4 Billion By 2030 Globally

CIOTechOutlook Team | Tuesday, 01 August 2023, 03:18 IST

The global market for automotive embedded systems is predicted to reach US$ 9.6 billion in 2023 by Coherent Market Insights' calculations, and it is anticipated to grow at a CAGR of 5.96% from 2023 to 2030.

The demand for embedded systems is increasing as safety rules for the automotive industry become more strict. The car industry keeps implementing effective and cutting-edge technology to conserve energy, cut emissions, and meet safety and reliability criteria. The automotive sector relies heavily on embedded systems because they offer lower emissions, energy savings, and make it possible for in-vehicle services like antilock brakes, air conditioning, and electronic stability control.

With the expanding mobility sector, the breadth of infotainment systems keeps growing to provide more functionality, safety features, and entertainment alternatives for automobile owners. It is simpler to work while driving because to the Bluetooth and Wi-Fi connectivity provided in vehicles, which gives users access to information and messages on their smartphones.