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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. 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.
IMARC Group 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:
Hardware component currently dominates the market.
Breakup by End Use Industry:
Embedded computers are widely utilized in information and communication technology as they help transmit data between the processor and peripheral devices.
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|Segment Coverage||Component Type, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global embedded computer market was valued at US$ 39.4 Billion in 2021.
We expect the global embedded computer market to exhibit a CAGR of 8.38% during 2022-2027.
The extensive application of embedded computers in anti-lock braking systems, cruise control, and other components of autonomous vehicles, owing to the increasing focus towards improving passenger and driver safety is primarily driving the global embedded computer market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for embedded computers.
Based on the component type, the global embedded computer market has been segregated into software and hardware. Currently, hardware holds the largest market share.
Based on the end use industry, the global embedded computer market can be bifurcated into automotive/transportation, industrial automation, information and communication technology, healthcare, utilities, and others. Among these, the information and communication technology sector currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global embedded computer market include 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.
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