(MENAFN- EIN Presswire) Rise in investment made by government agencies in next-generation electric vehicles (EV) and automotive & defense sectors to drive the growth of the market.
WILMINGTON, DELAWARE , UNITED STATES, February 19, 2024 /EINPresswire / — According to a new report published by Allied Market Research, titled, Embedded Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Component (Hardware, Software), by Application (Automotive, Consumer Electronics, Industrial, Aerospace and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Global embedded systems industry generated $89.1 billion in 2021, and is estimated to reach $163.2 billion by 2031, witnessing a CAGR of 6.5% from 2022 to 2031.
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Rise in investment made by government agencies in…
