The market analysis report titled ‘North America Embedded Software Market Forecast 2027 By Function, By Operating System, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, states that North America embedded software market is slated to showcase a healthy growth rate and amass a valuation of around USD 10 billion by the end of the forecast period 2021-2027.
 

Increasing R&D efforts of OEMs towards enhancing autonomous driving technologies serves a major growth impetus for North America embedded software market.

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Notably, embedded software systems play a vital role improving the efficiency and security in the autonomous vehicle, It aids in processing data intercepted by cameras and sensors to allow for safe driving decisions.

Considering the operating system, the Android GPOS segment is expected to record a healthy growth rate of over 8.5%. The demand can be ascribed to many advantages, including a high application base of over 3 million android apps, and a customizable User Interface (UI). Moreover, increasing number of smartphones, tablets, and other wearable electronics that are steadily adopting the software.

Meanwhile, the Free RTOS segment is anticipated to record a stable CAGR of 8.5% through 2027 owing to the growing demand for AI powered smart devices and cloud computing that can accommodate industrial automation enhancements.

Speaking of the application scope, the defense sector is predicted to generate strong returns for North America embedded software industry over the forecast period due to favorable government initiatives and funding that focus on developing new military systems. For instance, in April 2021, the US government recommended the allocation of USD 715 billion to the Ministry of Defense in its fiscal budget of 2021-2022 for improving security.

On the other hand, the consumer electronics segment is expected to record a CAGR of around 9% during the analysis timeframe as a result of burgeoning consumer demand for advanced technologies like AI and IoT services in laptops, smartphones, smartwatches, TV sets and home appliances.  

Geographically, the US market is slated to progress at a CAGR of 8.5% through 2027 due to increasing focus of the government toward funding the Department of Defense for R&D activities and creating aerial vehicles, surveillance systems, and combat drones.

Key players in North America embedded software market are Microsoft Corporation, Intel Corporation, National Instruments (NI), VIA Technologies Inc., Qualcomm Technologies, and the international Business Machines Corporation (IBM).