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Digital freight brokerage market is expected to expand at a CAGR of ~33% from 2020 to 2030, to reach US$ 26 Bn by the end of the forecast period, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in its report on the global market
Charger market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global market
Global incident and emergency management market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global market
This episode is also available as a blog post: https://technologytrendszone.wordpress.com/2021/04/21/cuvettes-market-2021-estimated-to-experience-a-hike-in-growth-by-2024/
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Of the key application areas of embedded systems, the automotive industry is likely to account for a promising share of 18.3% of the overall market by 2021. The industry will continue to hold the largest slice in the revenue pie of the global market over the report’s forecast period. This can be chiefly attributed to the increased uptake of a variety small-sized electrical and electronic components in vehicles. The rising demand for a variety of sensing devices and technologically advanced infotainment systems will also continue to make the automotive industry a lucrative application segment for the global embedded systems market in the near future.
Other key application areas of embedded systems include consumer electronics and defense and aerospace. The consumer electronics industry, especially, has been gaining massive traction over the years as consumers spend increased funds on devices such as smartphones, laptops, and tablets for their personal use. Adoption of smart electronics devices as a part of smart home setups also help make the electronics industry a leading application segment for the embedded systems market.
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