Increasing technological advancements and demand proliferation for technology enabled smart electricity meters are creating fresh opportunities for the global embedded computers market
An evolving economic status of developing regions are extensively bolstering industrialization encouraging the automotive infrastructure and healthcare sector, particularly, besides other verticals which are driving the demand for technological aid such as embedded computer technology systems nudging the market towards significant CAGR acquisition of nearly 4% between the forecast estimation period from 2018 to 2028.
Embedded computers are amalgamated technology systems combining the functionalities of hardware and software. Embedded computers are typically installed within larger units of technology systems or machines operated and controlled via real-time operating system (RTOS).
Application of embedded computers allows the integrated machines and devices to efficiently conduct operations as the smaller devices integrate target specific functions accurate controlling, monitoring and conducting high performance level. Embedded computers project an advanced set of features including ability to elevate accuracy, high-performance and high-speed, massive reduction in power consumption, and easy adaptability.
Existing industry dynamics and growth patterns are aligned with the future success trajectory boosting market attractiveness. Key factors affecting the growth of the global embedded computer market primarily focus on the opportunities over the forecast years. Major factors such as exceeding living standards, technology awareness and adoption, declining commodity prices such as consumer electronics, increasing adoption of embedded computer integrated electronic devices are just to name a few favorable factors.
Furthermore, increasing acceptance of artificial intelligence in the fields of computer games, medical sciences and devices, power system stabilizers, robotics, accounting database and others and the growing dependency of AI on embedded computers, increasing adoption of smart electricity meters complying with the energy conservation and efficiency plans for future are excessively encouraging the growth and development of the global embedded computer market over the forecast years.
Adroit Market Research report on the global embedded computer market provides a comprehensive guide of the market between a time span of 2018 to 2028 throughout which it studies market drivers, restrains, trends, opportunities and challenges. the market study traces through the historic years from 2018 to 2020 and 2020 is considered as the base estimation year and further advances the study to future forecast period from 2021 to 2028.
The report showcases existing dynamics and future traits examined at global as well as country levels. Also, the report utilizes Porter’s five forces analysis to assess the industry in-depth and positions the primary players based on the strategic initiatives, product portfolio, geographic footprint and overall revenue. Key operators of the global embedded computer market are prominently studied.
The embedded computer market has a robust competition among the well-known larger players and the young entrants. Also, the embedded computer industry players are pursuing highly potent opportunities and marketspaces to enhance growth prospects and seize a significant lead among other industry player by extending collaborations, partnerships, deals, forming mergers and acquisitions of young start-ups to expand business presence.
Based on the component type, the market is compartmentalized into hardware, software, microcontrollers, microprocessors and digital signal processors. The hardware segment is anticipated to secure significant growth over the forecast years owing to the growing predominance of component adoption such as microprocessors, microcontrollers and digital signal processors. The software segment is also estimated to grow exponentially during the forecast with increasing initiatives focusing on enhancing capabilities.
North America led the embedded computer market previously and is expected to showcase a sustainable growth throughout the forecast years with countries like the U.S. and Canada witnessing extensive growth in the infrastructure development of the automotive and healthcare industries accelerating an exponential rise in demand for embedded computers.
Rapidly escalating technological advent with growing awareness of artificial intelligence and increasing adoption of robotics to enhance capabilities of devices and equipments are fuelling the growth of the embedded computer market across the region.
The major players of the global embedded computers market are Fujistu Limited (Furukawa Group), International Business Corporation, Microsoft Corporation, Advantech, Intel Corporation, Arm Limited, Microchip Technology, Renesas Electronics, Qualcomm, Atmel Corporation, Qualcomm Incorporated, and Texas Instruments. The embedded computers market encompasses local players as well as global leaders with robust network. Additionally, the previously recognized industry players are coming forth with an array of novel strategic solutions and technological innovations in order to sustain in the global market.
Key Segments of the Global Embedded Computers Market
Component Overview, 2018-2028 (USD Billion)
- Digital Signal Processors
End-User Industry Overview, 2018-2028 (USD Billion)
- Industrial Automation
- Information and Communication Technology
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and Africa