Home About Us Industry Report Store Resources Contact us

Embedded Systems in Automobiles Market Driving Growth Due to Increasing demand for electric vehicles

Market Report Service

“From 2023 to 2030, the global embedded systems in Automobiles market is estimated to develop at a 7.45% CAGR. It is projected to grow to more than USD 6.7 billion by 2030, up from USD 4.42 billion in 2023.”

Electric vehicles require sophisticated embedded systems to control and manage various aspects of their operation. Embedded systems are responsible for managing battery systems, power electronics, electric motor control, regenerative braking, and charging infrastructure integration.

These systems ensure the efficient and safe operation of electric vehicles. Electric vehicles rely on embedded systems to monitor and manage the performance, health, and safety of their battery packs.

Increasing demand for electric vehicles drives the embedded systems in the automobile market growth.

 The embedded systems within BMS control the charging and discharging of batteries, monitor temperature and voltage levels, optimize energy efficiency, and ensure battery longevity. BMS plays a crucial role in maximizing the performance and lifespan of electric vehicle batteries.

Embedded systems are essential for controlling the powertrain of electric vehicles. They regulate the distribution of power from the battery to the electric motor, manage torque and speed control, and optimize energy consumption.

Embedded systems help improve the overall efficiency of electric vehicle powertrains, contributing to longer driving ranges and better performance.

 >> Download Free Sample Report Now - https://marketreportservice.com/request-sample/embedded-systems-in-automobiles-market-54622   

The embedded systems in automobiles key market players Include Robert Bosch, Panasonic, Toshiba, Continental Ag, Denso, Mitsubishi Electric, Delphi Automotive, Texas Instruments, Infineon Technologies, Harman International, NXP Semiconductors, Johnson Electric.

Security and cybersecurity concerns hamper the embedded systems in the automobile market growth.

The increasing connectivity and complexity of embedded systems in automobiles create potential entry points for cyber attackers. If security measures are not robustly implemented, embedded systems can be vulnerable to various cybersecurity threats, such as remote hacking, unauthorized access, data breaches, and manipulation of critical systems.

These vulnerabilities and potential exploits pose risks to vehicle safety, data privacy, and driver/passenger security.

In the automotive industry, safety is of paramount importance. Cybersecurity breaches can compromise the safety-critical functions of vehicles, such as braking, steering, and acceleration. Attackers can manipulate or disable these functions if they gain control over embedded systems, leading to potentially dangerous situations and accidents.

Concerns about the safety risks associated with cybersecurity vulnerabilities can slow down the adoption of embedded systems, particularly in critical systems like autonomous vehicles. Cybersecurity incidents and data breaches in the automotive sector can significantly impact consumer trust and perception.

When consumers perceive that their vehicles and personal information are at risk, it can lead to hesitancy in adopting connected vehicles or advanced embedded systems.

Growing awareness about vehicle security creates more opportunities for embedded systems in the automobile market.

Increasing awareness about the potential cybersecurity risks associated with vehicles, consumers, and fleet operators are emphasizing vehicle security more. This creates a demand for embedded systems that incorporate advanced security features such as secure communication protocols, authentication mechanisms, intrusion detection systems, and secure over-the-air updates.

Automakers and technology providers can capitalize on this demand by developing and offering innovative security solutions. The growing awareness about vehicle security encourages automakers to prioritize security throughout the vehicle design and development process.

This includes integrating security features at embedded systems' hardware, software, and communication levels. Opportunities arise for companies specializing in secure microcontrollers, secure operating systems, encryption technologies, and secure communication protocols to collaborate with automakers and provide security solutions for embedded systems.

Buy Now this report clicks here- https://marketreportservice.com/buy-now/54622

Select Licence Type


Single User

US$ 2499


Multi User

US$ 3499


Corporate User

US$ 4499

Only one user can access the report. It cannot be printed or shared. Delivery in online PDF.

US $ 2499

Multiple users can access the report. It cannot be printed or shared. Delivery in online PDF.

US $ 3499

The entire organization can use the report. It can be printed and shared. Delivery in PDF and Excel. Free update of the report after 1 year.

US $ 4499

Need a Discount? Get in touch with us for special pricing

Connect with our sales team

Phone:

Toll Free:

Email: sales@marketreportservice.com