According to the latest report by IMARC Group, titled “Embedded Computer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global embedded computer market reached a value of US$ 39.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 63.4 Billion by 2027, exhibiting a CAGR of 8.38% during 2022-2027.
Embedded Computer Industry Definition and Application:
An embedded computer is a microprocessor-based device that is controlled by a real-time operating system (RTOS) and is placed within a larger machine or equipment. It consists of both hardware and software tools that are designed to perform highly specific functions. The computer receives electronic data through sensors, which is computed by the microprocessor, passing the information further to the mechanical components that perform the necessary function. For instance, in an anti-lock braking system (ABS), the speed sensor alerts the embedded computer to regulate the speed of deceleration and prevent skidding of the vehicles. Embedded computers are also commonly used in digital phones, automobiles, utilities, industrial automation, and medical equipment.
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Global Embedded Computer Market Trends:
Increasing digitization, along with automation across industries, is one of the key factors creating a positive outlook for the market. Embedded computers aid in improving the performance of industrial equipment, securing connectivity and minimizing the overall costs. In the healthcare sector, embedded computing systems are used for reading different formats of data obtained from sensors, nodes, ultrasounds, X-rays, and computed tomography (CT) scans. They enable accurate analysis of the information and facilitate remote monitoring of the patient. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and artificial intelligence (AI), are acting as another growth-inducing factor. IoT devices require embedded computers that use ultra-low-power (ULP) processors to transmit data over a network, solve complex problems and improve machine-to-machine (M2M) communications. Other factors, including the increasing utilization of consumer electronics and significant improvements in the wireless communications infrastructure, are anticipated to drive the market further.
Global Embedded Computer Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Advantech Co., Ltd.
- Arm Limited
- Fujitsu Limited
- Intel Corporation
- International Business Machines Corporation
- Microchip Technology Inc.
- Microsoft Corporation
- Qualcomm Incorporated
- Renesas Electronics Corporation
- Texas Instruments Incorporated.
The report has segmented the market on the basis region, component type and end use industry.
Breakup by Component Type:
- Software
- Hardware
- Microprocessors
- Microcontrollers
- Digital Signal Processors
- Others
Hardware component currently dominates the market.
Breakup by End-Use Industry:
- Automotive/Transportation
- Industrial Automation
- Information and Communication Technology
- Healthcare
- Utilities
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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