Global Embedded Computing MarketReport, published by Variant Market Research, forecast that the global market is expected to reach $316.2 Billion by 2025 from $172.9 Billion in 2017, growing at a CAGR of 7.8% from 2017 to 2025. By Geography, Asia-Pacific and RoW are expected to grow at a CAGR of 8.3% and 9.1%, respectively, during the forecast period.
“Embedded Computing Market (By Type: Hardware, and Software; By End User: Automotive, Industrial, Healthcare, Energy, Communications, Consumers Electronics, and Others (Banking, Transport, Government, Robotics, and Defense); By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025”
The global embedded computing market is mainly driven by rising wireless communication infrastructure
Rising wireless communication infrastructure, increasing adoption of consumer electronics along with growing assumption of artificial intelligence are the factor driving the growth of the embedded computing market. Additionally, rising digitization in industrial automation, healthcare, and rising demand in defense, automobile and other sectors worldwide have also encouraged the growth of the market. However, limited life-span, and memory capacity of the embedded system’s hardware act as a restraint of the market growth. Furthermore, evolution in Internet of Things (IoT) technology, and the appliances of embedded computing systems are rising due to potential growth of emerging economies are expected to equally influence the overall growth of market during the forecast period.
Type, end user, and geography are the major segment of the embedded computing market. Type segment is bifurcated into hardware, and software. Hardware is further sub segmented into microcontroller (MCUs), microprocessor (MPUs), digital signal processor (DSPs), others (ASIC & FPGA). On the basis of end user, the market is classified into communications, automotive, industrial, consumers electronics, healthcare, energy, and others (banking, transport, government, robotics, and defense)
Based on geography, embedded computing market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, France, Italy, Spain, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, Singapore, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Microprocessors sub segment, by hardware segment led the market with major share in 2017
Microprocessors contributed for the majority of the share in 2017, in the hardware segment, and is expected to continue its trend during the forecast period. In terms of growth. The reason being, innovations, high performance, and constant development in a variety of end user-applications such as energy management systems, tablets, mobile devices, automation of processes, and others.
Communications dominated the maximum market share within the end user segment in 2017
Communications occupied the largest market share in the end user segment and is likely to continue its dominance throughout the forecast period 2017 – 2025. The high growth is attributed due to rising use of consumer electronics devices, such as mobile devices, laptops, tablets, personal computers, satellites, television, radar, and others, along with falling prices of these devices facilitated the growth of embedded computing in the communication sector.
North America accounted for the maximum share in the global Embedded Computing Market
In the year 2017, North America was the highest revenue generating region of the global embedded computing market share, due to the higher standards of living, high adoption of technology, and presence of dominant market players. Also, Asia-Pacific is likely to achieve the fastest CAGR during the forecast period. The reason being, decreasing values of consumer electronics, and improving living in countries such China and India. Additionally, evolution in IoT and rising demand for connected devices are anticipated to drive the growth of the market globally.
Prominent players operating in the market include Intel Corporation, Business Machines Corporation (IBM), Microsoft, Renesas Electronics Corporation, AMR Electrical Services Ltd, FUJITSU, Texas Instruments Incorporated, Microchip Technology Inc., Qualcomm Technologies, Inc., and Advantech Co., Ltd., among others.