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The latest report by IMARC, titled “ EmbeddedComputerMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast 2023-2028
” " the global embedded computer market reached a value of US$ 43.0 Billion in 2022.
An embedded computer refers to a microprocessor-based system that is usually controlled by a realtime operating system (RTOS). It uses a combination of hardware and software tools to perform unique and specific tasks. It is placed within a larger machine or equipment but largely relies on the inbuilt processor present within the device.
It functions by receiving electronic data through the sensors present in it, which is then computed by the microprocessor and passed down to the mechanical components to perform the particular task. Its usage offers enhanced speed, accuracy, reliability and adaptability in numerous devices, including cameras, cell phones and medical equipment.
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The market is primarily driven by the rising trend of digitization and increasing automation across numerous industry verticals. Embedded computers are widely utilized to accelerate the operation and facilitate the smooth functioning of the systems in various application segments. They assist in improving the overall performance of industrial equipment, securing connectivity and reducing the operational costs. These computers can also be integrated with Linux or Windows-based software to manage and control complex industrial tasks in an efficient manner. Apart from this, embedded computers are widely gaining prominence in the healthcare sector. They are extensively employed for reading data that is obtained from nodes, sensors, X-rays, ultrasounds and computed tomography (CT) scans and further analyzing the same to enable remote monitoring of the patient.
The market is also driven by the widespread incorporation of multi-core technologies and embedded graphics with these computers. They are also integrated with artificial intelligence (AI) and the Internet of Things (IoT) with the aim to solve complex problems and improve machine-to-machine (M2M) communications. Some of the other factors contributing to the market growth include increasing applications in the automotive industry, rising uptake of consumer electronics and advancements in the wireless communications infrastructure. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 8% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyComponentType:
• Software
• Hardware
• Microprocessors
• Microcontrollers
• Digital Signal Processors
• Others
Hardwarecomponentcurrentlydominatesthemarket.
BreakupbyEndUseIndustry:
• Automotive/Transportation
• Industrial Automation
• Information and Communication Technology
• Healthcare
• Utilities
• Others
BreakupbyRegion:
• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
CompetitiveLandscapewithKeyPlayers:
• Advantech Co., Ltd
• Arm Limited
• Fujitsu Limited
• Intel Corporation
• International Business Machines Corporation
• Microchip Technology Inc.
• Microsoft Corporation
• Qualcomm Incorporated
• Renesas Electronics Corporation
• Texas Instruments Incorporated
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