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2022
Embedded Computing Market

Embedded Computing Market

by Type (Hardware and Software) and End User (Communications, Industrial, and Consumer Electronics, Automotive, Healthcare, Energy and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.

✷  Report Code: A01096
Pages: 121
Feb 2022 | 18877 Views
Author(s) : Shrawanty Y, Kanhaiya K , Vineet K
Tables: 108
Charts: 56
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Embedded Computing Market Statistics: 2030

The global embedded computing market size was valued at $36,743.56 Million in 2020, and is projected to reach $85,685.68 Million by 2030, growing at a CAGR of 9.1% from 2021 to 2030.

The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. This is attributed to rapid increase in the demand for cloud-based embedded computing solutions that supported the businesses to sustain during the pandemic. The embedded computing solution playing a vital role in keeping the entire business processes efficiently operating and under control during COVID-19 pandemic. embedded computing also maintain better connectivity between connected devices during lockdown. This was achieved through various features of embedded computing solution such as remote access, digital data exchange and real-time data analytics. In addition, the pandemic has forced businesses around the globe to shift their physical offices into the remote working setups, which has led to surge in demand for embedded computing solution, thus fueling the growth of the market.

Embedded computing system is used to control, monitor, or perform specific function of an electronic equipment by fixed set of program, plan, or rules. It performs functions such as reading sensor inputs, processing the data, display required output, generating & transmitting commands, and transforming the information. It is widely used in variety of applications, including home applications, office automation, banking, security, automobile, defense, telecommunications, consumer electronics, personal, healthcare, and smart card industries. 

On the basis of type, the hardware segment dominated the overall embedded computing industry in 2020, and is expected to continue this trend throughout the forecast period. This is attributed due to rise in standards of living, technology awareness among people, and increase in disposable income of the country. In addition, Asia-Pacific and LAMEA are expecting a potential growth in hardware market during the forecast period, owing to their developments, increase in awareness about technologies, and cost-effective consumer electronics. These factors provide lucrative growth opportunities for the hardware segment. However, the software segment is expected to grow the most, and this trend is expected to continue during the forecast period. This is attributed to the rise in market of Internet of Things (IoT); surge in cognitive intelligence application, prediction, and analytical software; increase in use of mobile phones & applications; and rise in concern for system. 

By end user, the communication sector segment held the largest share in 2020, and is expected to continue this trend during the forecast period. The communication sector segment is highly reliable on embedded computing systems, owing to increase in population and evolution of Internet of Thing (IoT). In addition, surge in use of consumer electronics devices, such as mobile devices, laptops, tablets, personal computers, satellites, television, and radar, along with falling prices of these devices facilitated the growth of embedded computing in the communication sector. However, the automotive sector segment is expected to witness the highest growth in the upcoming years. This is due the adoption of advanced embedded systems has increased rapidly. Automobile manufacturers deploy embedded systems in their cars for different functionalities such as audio systems, security, and ignition.

 

In addition, major automobile manufacturers are inclined towards investing in technology advancement to develop vehicles that are more network savvy, safer, and energy efficient, which is expected to provide the lucrative growth opportunities for the automotive sector.

The report focuses on the growth prospects, restraints, and embedded computing market analysis. The study uses Porter’s five forces analysis of the smart devices industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the embedded computing market trends.

Segment Review

The embedded computing industry is segmented on the basis of type, end users, and region. On this of type, it is divided into hardware and software. On the basis of hardware, it is further sub-divided into, microcontroller, microprocessor, digital signal processer and others Depending on end user, it is classified into communications, industrial, consumer electronics, automotive, healthcare, energy, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Impact of COVID-19 on the Embedded Computing Market Trends

As per embedded computing market forecast, post-pandemic, the embedded computing market size was valued at $38,984.92 Million in 2021 and is projected to reach $85,685.68 Million by 2030, growing at a CAGR of 9.1% from 2020 to 2030.

Embedded Computing Market
By Type

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Software segment is projected as one of the most lucrative segments.

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Pandemic drastically affected businesses across the globe. It affected positively on the adoption of embedded computing due to lockdown imposed by governments of different countries. Organizations focus on advanced technology such as artificial intelligence (AI), machine learning (ML), IOT across industries to perform contactless operation post-pandemic. In addition, this factor will create the demand for automation process, which would drive the adoption of embedded computing market across the globe. The automation of processes enables organizations to reduce and manage cost associated with labor and improve production process with higher uniformity.

Furthermore, scope of embedded computing systems has expanded from monitoring & control to the integration of graphics capabilities and touchscreen display capabilities for improved interaction. The demand for embedded computing system for industrial is projected to increase, which is anticipated to accelerate the market growth. In addition, increase in awareness regarding adoption of latest technology for better patient care has enabled healthcare solutions providers to deploy advanced patient monitoring solutions equipped with enhanced embedded computing system. This trend is projected to continue throughout the forecast period and is attributed to drive the overall embedded computing market growth post pandemic.

Embedded Computing Market
By End User

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Automotive sector is projected as one of the most lucrative sector

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Top Impacting Factors    

Prominent impacting factors for the embedded computing market include use of embedded computing in consumer electronics, usage in AI, emerging economies, evolution in IoT, hardware limitation, high initial investments, and design & configuration of embedded computing systems. These factors have significantly contributed for the growth of embedded computing market and affect the market during forecast period. In addition, rise in awareness among people regarding benefits of latest technology adoption along with increase in disposable income accelerate the adoption of consumer electronics across the globe which, in turn, is attributed to drive the embedded computing market worldwide.

Increase In Automation Of Processes 

The process control and industrial automation markets have been highly reliable on design and development of embedded computing and are strong end users of motherboards and other electronic components such as microcontrollers, microprocessors, and graphics cards. Rough designs to survive harsh environments, high performance, maximum power efficiencies, wide range of I/O, and communication interfaces are some of the factors in embedded computing that are required by industrial automation. The automation of processes enables organizations to reduce and manage cost associated with labor, and improve production process with higher uniformity. The scope of embedded computing systems has expanded from monitoring & control to the integration of graphics capabilities & touchscreen display capabilities for improved interaction. The demand for embedded computing system for industrial is projected to increase, which is anticipated to accelerate the market growth.

Embedded Computing Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific is projected as one of the most significant region.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the embedded computing market share along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the embedded computing market size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the embedded computing market.
  • The quantitative analysis of the embedded computing market share from 2020 to 2030 is provided to determine the embedded computing market potential.

Embedded Computing Market Report Highlights

Aspects Details
By Type
  • Hardware
    • Microprocessor
    • Microcontroller
    • Digital Signal Processor
    • Others
  • Software
By End User
  • Communications
  • Industrial
  • Consumer Electronics
  • Automotive
  • Healthcare
  • Energy
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe   (Germany, U.K., France, Italy, Spain, Rest of Europe)
  • Asia-Pacific   (China, Japan, India, South Korea, Singapore, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
By Key Market Players
  • Arm Holdings Plc.
  • Fujitsu Limited
  • Intel Corporation
  • IBM Corporation
  • Microchip Technology, Inc.
  • Microsoft Corporation
  • Qualcomm Incorporated
  • Renesas Electronics Corporation
  • STMicroelectronics
  • Texas Instruments Incorporated
 

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According to CXOs of leading companies, advancements in technologies and increase in demand from end-user verticals across the globe accelerate the need for advanced embedded computing system. In addition, increase in adoption of connected devices and smart wearables among people drive the market growth. Moreover, the adoption of artificial intelligence is increasing at a significant rate in end user verticals due to the increase in demand for solving complex problems. The acceptance of artificial intelligence is observed in computer games, power system stabilizers, medical sciences, accounting database, and robotics.

Artificial intelligence is highly reliable on embedded computing for complete existence, therefore the rise in demand for artificial intelligence is projected to have positive impact over the embedded computing market growth.

Region wise, Asia-Pacific and LAMEA are expected to create huge growth opportunities for leading players offering embedded solutions and services. Presently, the adoption of embedded systems in these regions is low; however, in the near future, the penetration level of embedded computing systems is projected to increase at significant rate.

Major players operating in the embedded computing market are projected to invest significant amount in R&D to come up with advanced and efficient embedded solutions. In addition, strategic mergers & acquisitions and collaboration are anticipated to help these organizations to expand their market presence and profit margin rapidly.

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