The global embedded computer market reached a value of US$ 39.4 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 63.4 Billion by 2027, exhibiting a CAGR of 8.38% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
An embedded computer is controlled by a real-time operating system (RTOS) and placed within a larger machine or equipment. It receives electronic data through sensors, which are processed by the microprocessor, and passes the information to mechanical components that operate the required task. It is commonly used in television (TV) sets, motor vehicles, telephones, digital cameras, washing machines, microwaves, and dishwashers. It is compact, cost-effective, easy to manage, improves performance, and transfers information in real-time as compared to conventionally used computers.
Embedded Computer Market Trends:
The embedded computer is used in anti-lock braking systems (ABS), cruise control, and other major components of passenger and electric vehicles (EVs). This, in confluence with the growing number of fatal road accidents and the increasing focus on improving passenger and driver safety, represents one of the major factors bolstering the market growth. In addition, the embedded computer is incorporated into medical devices to diagnose and treat several chronic conditions. This, along with the rising prevalence of chronic diseases and significant improvements in the healthcare infrastructure, is contributing to the market growth. It can also be attributed to the introduction of smart wearables, such as fitness watches, bands, and trackers, with increased battery life, multiple sport modes and health tracking functionalities. Furthermore, due to the growing environmental concernsand energy security among the masses are increasing the adoption of renewable energy around the world. Apart from this, the integration of the Internet of Things (IoT) and artificial intelligence (AI) to transmit data over a network, solve complex problems and improve machine-to-machine (M2M) communications is offering lucrative growth opportunities to industry players.
Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global embedded computer market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component type and end use industry.
Breakup by Component Type:
Digital Signal Processors
Hardware component currently dominates the market.
Breakup by End Use Industry:
Information and Communication Technology
Embedded computers are widely utilized in information and communication technology as they help transmit data between the processor and peripheral devices.
Breakup by Region:
Middle East and Africa
North America holds the majority of the global embedded computer market share due to continuous technological advancements in the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Advantech Co., Ltd., Arm Limited, Fujitsu Limited, Intel Corporation, International Business Machines Corporation, Microchip Technology Inc., Microsoft Corporation, Qualcomm Incorporated, Renesas Electronics Corporation, and Texas Instruments Incorporated.
Key Questions Answered in This Report:
How has the global embedded computer market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global embedded computer market?
What are the key regional markets?
What is the breakup of the market based on the component type?
What is the breakup of the market based on the end use Industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global embedded computer market and who are the key players?
What is the degree of competition in the industry?