Embedded Software (RTOS) Industry size to hit USD 18.61 billion by 2023

Embedded software (RTOS) market size worth USD 10.16 billion in 2015, is projected to record a CAGR of 7% over the period of 2016- 2023, due to its rising application in telecommunications, robots, pacemakers, automotive, defense, healthcare, consumer electronics, and industrial sectors. Moreover, its extensive application in airplanes, process control systems, and missiles is further expected to drive the global industry trends in the near future.

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Growing application of wearable embedded equipment across medical sectors and security systems is expected to boost the demand for embedded software over the coming years. Its effective implementation across various sectors helps in reducing maintenance costs. Furthermore, technological innovations, resulting in low power consumption, are predicted to boost RTOS industry growth over the next few years.

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RTOS market share in automotive sector worth USD 1.24 billion in 2015, is expected to grow at a rate of 8% over 2016-2023, owing to the growing consumer preference for infotainment systems in their vehicles. Embedded software market size in consumer electronics sector is anticipated to surpass USD 4 billion by 2023, due to the rising popularity of electronic instruments such as tablets, laptops, and smartphones.

Embedded software (RTOS) system is programmed by using programming languages such as Java, C, .NET, C++, and Assembly languages. C language worth USD 6.34 billion in 2015, is predicted to record a CAGR of 6.9% over 2016-2023, owing to its direct access to API and low run-time. C++ language is expected to register highest gains at 8% over the estimated years.

North America embedded software (RTOS) industry size is anticipated to witness significant growth over the coming timeframe, due to the large number of industries across this region. U.S. is expected to be a major regional revenue contributor. Europe RTOS market value estimated at USD 3 billion in 2015, is expected to witness a steady growth over the coming years. Asia Pacific RTOS industry is expected to register a CAGR of 8.5% over 2016-2023, owing to its wide applications across various sectors. India, China, and Japan are expected to contribute significantly towards the regional growth.

Key industry participants include Express Logic, Advantech Corporation, Green Hills Software Company, Infineon Technologies, Segger Microcontroller Systems, Microsoft Corporation, Intel, Mitsubishi Electric, and NXP Semiconductors.

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