Embedded electronics have been around for over 50 years and have become a vital part of the modern world. From computers to smart infrastructure, embedded technologies and products are becoming part and parcel of everyone’s life. As our dependence on digital devices is growing, so is the market for them. Some trends in the market have become the hottest topic, and now they are tremendously shaping the industry and will in the future.
In this post, we will see those 7 electronic trends that will rule the decade ahead.
7 Embedded Electronic Trends That Will Rule Our Lives!
Embedded electronics have made their way into the vehicle industry. Embedded systems now replace earlier mechanical systems used in vehicles. They have taken control of autos, ranging from wiper controls to complicated anti-lock braking control and airbags. And this is not going to end here. With the advent of embedded cars and the continuous expansion of the electric car industry, an increase in electronic projects based on embedded systems is inevitable.
The connectivity of automobiles in both sectors will increase via every possible touchpoint, which is expected to be matched by big cities’ introduction of traffic management, vehicle monitoring, and prediction networks. All of these tasks would be impossible to do without the embedded software development process.
Today, the mechanisms built by humans are getting smarter and smarter with the help of AI. Not only this, but AI is also taking over the embedded system, producing a wide range of smart devices, ranging from traditional wearables to complex blockchain technologies. And this trend is going to be the same. According to Marketwatch, “the worldwide artificial intelligence market size is estimated to reach $169,411.8 million in 2025, from $4,065.0 million in 2016, rising at a CAGR of 55.6% from 2018 to 2025.”
The Covid-19 pandemic has changed our whole world and brought many changes across the industry. And the healthcare industry is no exception. Many applications based on embedded systems have come to the hype. Some examples are blood pressure monitoring devices, digital flow sensors, fetal heart monitoring machines, and wearable devices. So, this medical industry has the potential to incorporate embedded systems in their application and make the healthcare process easy.
Machine learning is a big part of the IT industry and will likely impact the industry in a big way. From business to software, through embedded electronics, the industry is going to revolutionize. On top of that, the IoT(Internet of Things) in machine learning has immense potential for the growth of machine learning and AI.
From small cameras to computers, traffic control systems, parking systems, and home appliances, millions of IoT devices are manufactured worldwide that collect a variety of data kept in the machines through the internet, allowing machines to understand more precisely that data and make them more useful in a simple way.
Till now, the market size of Machine learning is 15.66 Billion USD. However, with the advancement in embedded electronics, the market size of ML will rise immensely up to 209 Billion USD with a CAGR report of 38.8%.
Another promising technology that is revolutionizing our lives is IoT. Many products are now being designed with WiFi connection, which means they can be connected to the internet. So, the Internet of Things (IoT) is the future, enabling gadgets, household appliances, automobiles, and much more to be internet-dependent and exchange data through it.
For example: someday, if you forget to lock your home doors, you can close them remotely with the help of IoT-enabled devices. You will be able to track your fitness level on Fitbits without the need to visit doctors.
And this is only the beginning; it is expected that by 2030, more than 50 billion IoT devices will be in use worldwide, resulting in a massive network of interconnected gadgets ranging from smartphones to kitchen appliances.
The next technology that will follow the trend in embedded electronics is 5G. Where 3G and 4G have kept us connected with data-driven services and more bandwidth for Spotify streaming, the private 5G network will transform the world. It will unwind a wide range of possibilities, including decision-making, end-user experience, and improved service delivery This will result in $13.2 trillion in global economic value by 2035, with the 5G global value chain alone creating 22.3 million employment.
The use of virtual reality has increased in an application, and this trend is expected to continue in the future. According to several industry surveys, virtual reality is expected to see exponential growth in the next five years. And the main reason for this drive is the continuous usage of smart devices, increased Internet connectivity, and the expansion of mobile gaming.
Conclusion
Although technologies are continually growing and evolving around us, these 7 embedded electronics trends will rule across the world. Additionally, the prospect of this embedded technology is very high and promising. So, whether you are on the supply or demand side, your whole life will revolve around these seven things. And undoubtedly these tendencies will write a new chapter for embedded electronics.
If you want to know more information about how these trends will affect the future, Contact iFour. They have years of experience in providing end-to-end hardware engineering services, embedded software development, and digital engineering service to guide you through the maze of digital transformation.
