1. Business

Embedded Computer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast

Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

The Global Embedded Computer Market was valued at USD 86,304 Million in 2019 and is projected to reach USD 1,38,747 Million by 2027, expanding at a CAGR of 6.3% during the forecast period. Embedded computing systems are commonly being used in a variety of applications including home applications, office automation, banking and financial institutions, security, automotive, protection, personal, healthcare, and other sectors. The demand for embedded computing has been driven by an increasing acceptance of consumer electronics and an increase in the adoption of artificial intelligence.

Market Dynamics

Rising demand for IoT services, increasing need for digitalization, and growing penetration of communication and networking technologies propel the demand for embedded computers. Advanced principal technologies and proliferation of devices fuel the growth of IoT technologies. Industrial automation uses control systems, including robots and Internet of Things (IoT) to handle various machineries and processes. These robots and IoT technology are based on embedded computers to offer high accuracy, precision, and enhanced performance of manufacturing processes.

Growing R&D investments across industries such as automotive, medical, aerospace, and electronics is creating opportunities for market players. The global market is driven by changing dynamics in the developing countries and product innovation. R&D expenditure is expected to grow at a significant pace during the forecast period, which in turn, is expected to increase the need for embedded system. The overall product improvements have increased the demand for embedded computer in various industries such as medical, automotive, and electronic. Rising demand for the embedded system in emerging and developed economies is projected to create opportunities in the market.

Segmental Outlook

 Based of product types, the embedded computer market is segmented into COMS, SBCs, standalone board, and others. The COMS segment accounts for a major share of the market; however, the SBCs segment is anticipated to expand at a high CAGR during the forecast period. Factors such as increase in the demand for fast product development, durability, consistency of COMs, and its competency of multichannel retailing are some factors fueling the COMS segment. The use of single board computers (SBCs) in notebooks, smartphones, and gaming systems is increasing owing to the development of the single board computers industry with upcoming technologies such as Internet of Things (IoT); therefore, the use of computers and smart technology in electronic devices is expected to propel the SBC segment during the forecast period. Advancements in technology, such as artificial intelligence (AI), has made the hardware more complex and compact, thus driving the need for SBCs in such computers. This, in turn, increases the market of SBCs in forecast period.

Regional Outlook

 In terms of regions, the embedded computer market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for a large share of the market, followed by Asia Pacific. The market in Asia Pacific is projected to expand at a substantial CAGR during the forecast period. The large share of North America is attributed to the high implementation of technology and the presence of major vendors in the region. Moreover, rise in robotics and increase in applications of IoT in the region increase the demand for embedded computers. Rising per capita income and ongoing large-scale industrialization and urbanization are factors shows dynamic growth of the embedded computer market in Asia Pacific. Additionally, the accessibility of low-cost electronic products in Asia Pacific is expected to fuel the demand for microprocessors and microcontrollers in the region. Growing use of autonomous robots and embedded vision systems is projected to lead to a high demand for embedded system hardware such as microprocessors and controllers for the use in industrial applications in Asia Pacific. This, in turn, increases the demand in Asia Pacific in the coming years.

CLick For Free Sample Report – https://growthmarketreports.com/request-sample/112

Competitive Landscape

  • The prominent manufacturers operating in the embedded computer market include ABACO SYSTEMS, Advantech Co. Ltd., Artesyn Embedded Technologies Inc., Curtiss-Wright Corporation, Digi International Inc., EUROTECH, Intel Corporation, Kontron, NXP Semiconductors and Radisys.
  • In January 2020, Curtiss-Wright Corporation completed the acquisition of 901D Holdings, LLC for USD 132 million in cash. 901D Holdings is a leading designer and manufacturer of mission-critical integrated electronic devices, subsystems, and rugged shipboard enclosure solution. The acquisition extends the scope of instrumentation and control systems technologies for Curtiss-Wright Corporation and increased its presence on the vital U.S. Marine Construction Programs. Additionally, the acquisition has enabled Curtiss-Wright Corporation to facilitate shipboard solutions for nuclear and non-nuclear-powered vessels and ensure benefits from the continued expansion of the U.S. naval fleet.
  • In 2018, Advantech Co. Ltd. entered into an agreement to purchase 80% of OMRON Nohgata, a subsidiary of OMRON Corporation, subject to customary closing conditions. Advantech Co. Ltd. and its wholly owned subsidiary Advantech Japan (AJP) are expected to own 50% and 30%, respectively. OMRON Nohgata is projected be led by the current management team and would be creating products and combining sales tools with Advantech Embedded IoT Business Community. With this acquisition, Advantech Co. Ltd. effectively increased its market share of embedded systems in Japan and improved localized manufacturing services. Advantech Co. Ltd. plans to further work with OMRON Corporation on the IoT website.

About Growth Market Reports:

GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.


Growth Market Reports
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
Web: https://growthmarketreports.com
Follow Us: LinkedIn | Twitter



Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe