We interact with embedded systems every day.
You wake up, and turn on the coffee machine. You watch TV as you get dressed. At work, you send a fax. After work, you stop by the bank’s ATM, then use a GPS system to find a new restaurant. Some people return home and disarm their home security system before entering.
Each of these scenarios involves an embedded system — a computer system designed to perform a specific task, rather than be a general-purpose computer for multiple tasks. These systems may control hardware or mechanical parts.
Recently, a new report by Zion Research stated global demand for embedded systems was valued at $159 billion in 2015, and may go to $225.34 billion by the end of 2021. Growth should climb at a Compound Annual Growth Rate (CAGR) of slightly above 6%.
What could drive this growth? Certainly self-driving cars will have a huge impact. So will military applications and healthcare devices. Industrial robotics are also expected open new avenues for market growth.