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Europe Embedded Software Market Forecast 2027 By Application (Automotive, Consumer Electronics, Manufacturing, Healthcare, Military & Defense, IT & Telecom), By Operating System (General Purpose Operating System (GPOS) {Windows, Linux, Android}, Real Time Operating System (RTOS) {VxWorks, QNX, FreeRTOS, ARM Mbed}), By Function (Standalone System, Real Time System, Network System, Mobile System), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: October 2021 | Publisher: Graphical Research Report ID: GR1988 | Delivery : PDF  Request Free Sample

Europe Embedded Software Market size crossed USD 2.5 billion in 2020 and is anticipated to expand at a CAGR of 5.5% from 2021 to 2027. The market demand is credited to the rising adoption of industrial IoT to accelerate the automation, optimization, and intelligence in manufacturing facilities.

Europe Embedded Software Market Report, By Region

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Embedded software solutions are used to deploy intelligent embedded applications for IIoT across the manufacturing industry. Also, companies are proposing strategic agreements and collaborations to improve IoT solutions for industrial applications. For instance, in June 2021, Orange collaborated with Sierra Wireless, LACROIX, and STMicroelectronics to create an IoT continuum to expand and accelerate the deployment of IoT in various industry verticals in Europe. This continuum will work under one roof for the development of connectivity, hardware, software, and manufacturing solutions.

Europe Market, By Function

The mobile system function held around 15% Europe embedded software market share in 2020 and will register 6.5% growth rate during the forecast period. The growth is attributed to the rising adoption of mobile devices, such as tablets, minicomputers, and handheld printer terminals, among others, in various manufacturing enterprises & industries to manage the operations remotely and effectively.

Mobile devices are used in variety of embedded operating systems to connect software and hardware components. For instance, in February 2020, Casio Computer Co. Ltd. released two handheld mobile terminals IT-G600/650 equipped with Android OS ideal for various business applications in retail, manufacturing, and logistics industries.

Europe Market, By Country

Italy embedded software market revenue is expected to observe growth of 4.5% through 2027, led by rising integration of new technologies, such as AI and IoT, for remote monitoring of patients. Embedded operating systems are used in MR imaging devices and CT scans, improving the quality and effectiveness of hospitalized patients' treatment.

Market participants in the country are focusing on developing strategic partnerships to innovate and promote the adoption of digital technologies in healthcare applications. For instance, in February 2021, Cancer Institute, based in Italy, partnered with Healthware Group, a provider of medical consulting services. This collaboration aims to promote the use of digital technology in oncology to provide patients with more precise and accessible treatments.

Competitive Industry Landscape

Prominent companies operating in the Europe embedded software market include Analog Devices, Arm Ltd., Fujitsu Ltd., Infineon Technologies, Intel Corp., Kontron Ag, and Microchip Technology Inc., among others.

These players are extensively involved in launching new products to gain a competitive edge in the market. For instance, in June 2021, Segger Microcontroller, based in Germany, released the all-in-one embedded software stack that would help in overcoming chip scarcity. To combat the chip shortage, Segger's emPower embedded software stack comprises an RTOS, file system, communications, security, and compression, allowing developers to simply switch between a thousand alternative microcontrollers.
 

Frequently Asked Question(FAQ) :

The market share for embedded software in Europe reached USD 2.5 billion in 2020 and will grow at over 5.5% CAGR up to 2027 fueled by the growing adoption of industrial IoT to enhance automation, optimization, and intelligence in manufacturing facilities.
Mobile system function segment held over 15% revenue share of Europe market in 2020 and could expand at a 6.5% CAGR led by the rising adoption of tablets, minicomputers, handheld printer terminals, and other mobile devices.
The market share for embedded software in Italy could expand at more than 4.5% CAGR through 2027 owing to advances in remote patient monitoring, MR imaging devices, CT scans, and other healthcare equipment.
Analog Devices, Arm Ltd., Fujitsu Ltd., Infineon Technologies, Intel Corp., Kontron Ag, and Microchip Technology Inc. are some of the notable names in the market.

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