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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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