Europe Automotive Embedded System Market

The automotive embedded system market in Europe is expected to grow from US$ 1,146.21 million in 2021 to US$ 1,833.29 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

With the transforming mobility industry, the scope of infotainment systems is expanding to provide car occupants with greater safety features, additional functionality, and entertainment alternatives. Smartphone connectivity allows users to access messages and information through Wi-Fi and Bluetooth connectivity, making it easier to work on the go. These infotainment systems provide a digital experience in vehicles, with digital assistant, several screens, and various input methods. The incorporation of digital interfaces allows automotive suppliers and OEMs to create interfaces that display real-time data in a more suitable manner. The digital interfaces also confer a wider range of functions, allowing manufacturers to perform a number of safety-critical functions, including ADAS.

In addition, demand for linked infotainment systems in the automobile sector is increasing. By 2022, over 90% of passenger vehicles on the road are projected to have internet access with 3G/4G capability. Google's Android Auto and Apple's CarPlay are becoming more popular, and this trend is projected to continue with progress in technologies. Furthermore, the popularity of infotainment systems is predicted rise throughout the forecast period. For luxury, safety, comfort, and security, technologies such as heads-up displays, gesture control systems, steering-mounted controls, telematics, central controllers, and sophisticated infotainment systems are widely employed in passenger vehicles. Governments in certain countries are establishing automotive safety and security regulations, which further support the implementation of infotainment systems in vehicles. As a result, the demand for automotive electronic devices has increased, underlining the need of automobile embedded systems.  

The automotive sector is crucial for economic growth and employment in several Central and Eastern European (CEE) nations, including the Czech Republic, Hungary, Poland, Slovenia, Slovakia, and Romania. The COVID-19 outbreak has wreaked havoc on the business. In spring 2020, lockdown tactics caused factories to shut or operate at a quarter of their typical capacity. Due to income losses and increased uncertainty, demand for automobiles has plummeted and is expected to remain low for some time. The economic future is unknown, although following a strong rebound in the third quarter of 2020, industry activity is expected to remain sluggish in the near to medium term. The COVID-19 problem is predicted to have a long-term impact on the economic growth of the CEE nations' primary trading partners. Based on the OECD Economic Outlook estimates and an anticipated link between vehicle sales and GDP growth, demand for automobiles manufactured in Europe is expected to stay below pre-crisis levels in 2021. As a result, the COVID-19 will have a detrimental effect on the automotive industry in Europe, stifling the embedded systems market growth.    

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe automotive embedded system market. The Europe automotive embedded system market is expected to grow at a good CAGR during the forecast period.

Europe Automotive Embedded System

Market Revenue and Forecast to 2028 (US$ Million)

Europe Automotive Embedded System Strategic Insights

Strategic insights for the Europe Automotive Embedded System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Automotive Embedded System Report Scope

Europe Automotive Embedded System Regional Insights

The geographic scope of the Europe Automotive Embedded System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Europe Automotive Embedded System Market Segmentatio

Europe Automotive Embedded System Market – By Type

• Software
• Hardware

Europe Automotive Embedded System Market – By

Component

• Memory Devices
• Microcontrollers
• Sensor and Drivers

Europe Automotive Embedded System Market – By Application

• Powertrain & Chassis Control
• Body Electronics
• Multimedia and Integrated Systems/Services

Europe Automotive Embedded System Market, by Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Europe Automotive Embedded System Market - Companies Mentioned

• Continental AG
• Denso Corporation
• Garmin Ltd.
• Harman International
• Infineon Technologies AG
• Mitsubishi Electric Corporation
• NXP Semiconductors.
• Panasonic Corporation
• Robert Bosch GmbH