In less than two weeks, the focus will turn to electronica 2014 in Munich, Germany. Among this year's focus trends include embedded electronics and systems. These are rich topics that are dramatically moving both the world and the semiconductor and electronics industry in new directions supporting growth and continued innovation.
As the smartphone, smart device, and Internet of Things (IoT) adoption continues to gain globally and across markets, embedded components continues to grow along a steady, strong, and sustainable path. New applications coupled with the growing demand for extending machine-to-machine (M2M) communication and functionality are at the heart of embedded component growth. Globally, the market for embedded systems is expected to realize a compound annual growth rate (CAGR) of 6.8% for the 2012-2018 period, as reported by some analysts. As recently reported by electronica 2014, "[t]he global market for embedded systems is growing at a rate of up to eight percent. Market volume in Germany alone is currently more than EUR 20 billion."
The smartly embedded synergy
The boom in smart device demand has been fueled by the advantages found in embedded system designs, especially low-power and smaller footprint advantages that are key to successfully architecting ever-shrinking, multi-tasking devices. Not only have embedded systems been the growth driver for the wide range of smart devices in consumer electronics, but also notably in industrial and automotive sectors, among others. Home automation and energy efficiency/demand management solutions that include new, embedded system designs continue to offer innovative solutions to consumers, enterprises and industrial clients for building and operations. M2M communication and data transfer are critical to providing smart device capabilities that meet today's needs and demands, particularly with the goal of IoT realized for maximum automation of routine functions and monitoring, regardless of function: home, business, industry, municipal (energy, traffic, etc.). A special session on embedded systems for IoT will provide important insight into the future trends and current challenges facing the industry.
With Europe's staunch dedication to energy efficiency and world-class automation in industrial settings, electronica 2014 will be showcasing some of the leading embedded solutions for the next generation systems across market applications. The next challenge for embedded systems architecting is multicore processors, a topic that will be covered at electronica:
In order to get multicore ready for embedded systems, research and development work is being carried out all over the world. For example, EMC2, the key project for boosting European embedded expertise, is looking at multicore processors as a way of making embedded systems for the automotive and manufacturing industry, the Internet of Things, health care and the aerospace sector more powerful and efficient.
For more detailed discussion of the broader component market situation in Europe, see the recent article in Global Purchasing,Â by Mark Bollinger, VP Marketing for Smith & Associates. Also, the most recent Smith MarketWatch Quarterly, dives into the component market situation and provides detailed discussions regarding current market conditions and component demand. The recent edition has been emailed to subscribers (free subscription here) and will be available to the public next week on Smithweb.com.