The Business Research Company’s report on the Embedded Computing Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the embedded computing market in recent years?
The increasing adoption of consumer electronics is expected to propel the growth of the embedded computing market going forward. Consumer electronics (CE) refers to any electronic device designed to be purchased and used by end users or consumers for non-commercial/professional purposes daily. Embedded system integration enables electronics products to deliver innovative capabilities, frictionless communication, excellent performance, and increased efficiency, contributing to the constantly changing consumer electronics scene. For instance, in March 2023, according to the United Nations COMTRADE database, a US-based intergovernmental organization, Australia’s electrical and electronic equipment exports totaled $3.56 billion in 2022. Additionally, in February 2022, India’s export of electronic goods rose by almost 88% from $6600 million in 2013-14 to $12,400 million in 2021-22. Therefore, the increasing adoption of smartphones is driving the growth of the embedded computing market.
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What is the projected market size of the embedded computing industry, and how is it expected to grow?
The embedded computing market size has grown strongly in recent years. It will grow from $42.39 billion in 2024 to $45.72 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to evolution of microprocessor technology, growth in consumer electronics, rise of the internet of things (IoT), expansion of automotive electronics, increased demand for portable devices
The embedded computing market size is expected to see strong growth in the next few years. It will grow to $65.74 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to expansion of edge computing applications, increasing adoption of embedded systems in medical devices, rise in cybersecurity concerns driving embedded security solutions, growth in the autonomous vehicles market. Major trends in the forecast period include proliferation of edge computing, development of energy-efficient embedded devices, growth of embedded vision systems, increased focus on open-source embedded software, adoption of ruggedized embedded solutions in harsh environments.
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Who are the key players driving competition in the embedded computing market?
Major companies operating in the embedded computing market include Microsoft Corporation, Dell Inc., Intel Corporation, The International Business Machines Corporation, Qualcomm Technologies Inc., Fujitsu Limited, Advanced Micro Devices Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Microchip Technology Inc., Super Micro Computer Inc.?, Arm Holdings plc, Nuvoton Technology Corporation, DataArt, N-iX, Axiomtek Co. Ltd., Yalantis, Congatec AG?, Vates, CHI Software, Solw’IT SA, Softeq, ITRex Group, Interelectronix e.K., Smart Embedded Computing Inc.
What key trends are expected to drive the embedded ai market during the forecast period?
Product innovations are a key trend gaining popularity in the embedded computing market. Major companies operating in the embedded computing market are developing innovative products to sustain their position in the market. For instance, in January 2022, Neousys Technology, a Taiwan-based manufacturer of rugged embedded systems and industrial equipment, launched the Nuvo-9000 series and Nuvo-9531 series, fanless embedded computers. These embedded solutions are intended for industrial edge computing, vision inspection, and automation systems. Nuvo-9000 and Nuvo-9531 series processors benefit from the 16-core/24-thread configuration of Intel’s 12th generation Core I processor, which improves performance over the platform from the prior generation.
Which key geographies are driving the growth of the embedded computing market?
Asia-Pacific was the largest region in the embedded computing market in 2024. The regions covered in the embedded computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the embedded computing market?
The embedded computing market covered in this report is segmented –
1) By Type: Hardware, Software
2) By Function: Real-Time, Standalone, Mobile, Networked
3) By End User: Automotive, Industrial, Healthcare, Retail, Consumer And Smart Home, Other End Users
Subsegments:
1) By Hardware: Microcontrollers, Microprocessors, System-On-Chip (SoC), Development Boards, Memory Devices, Input Or Output Devices
2) By Software: Operating Systems, Middleware, Application Software, Development Tools, Real-Time Operating Systems (RTOS)
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What defines the structure and scope of the embedded computing market?
Embedded computing refers to incorporating computing systems into non-computerized things or devices to improve performance and functionality. Embedded computing is utilized in a variety of industries to enhance the functionality of electronic equipment and systems.
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