What Has Been the Progress and Growth of the Embedded Computing Market in Recent Years?
The embedded computing market has seen considerable growth due to a variety of factors.
•The size of the embedded computing market has seen a robust increase in the past few years. The market is projected to expand from a value of $42.39 billion in 2024 to $45.72 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.8%.
Factors contributing to this historical growth include the advancement of microprocessor technology, a surge in consumer electronic devices, the spread of the Internet of Things (IoT), an extension of automotive electronics, and a rise in the demand for handheld devices.
What Can Be Expected from the Embedded Computing Market in the Coming Years?
The embedded computing market is expected to maintain its strong growth trajectory in upcoming years.
• Over the next few years, the embedded computing market size is projected to experience considerable expansion, reaching $65.74 billion by 2029 with an annual growth rate of 9.5%.
The increase during this forecast period is associated with the enlargement of edge computing applications, the rising use of embedded systems in medical devices, mounting concerns over cybersecurity leading to embedded security solutions, and the surge in the autonomous vehicles market. Key trends for this period include the widespread use of edge computing, the craftsmanship of energy-efficient embedded devices, the development of embedded vision systems, an elevated focus on open-source embedded software, and the utilization of ruggedized embedded solutions in harsh environments.
What Are The Leading Drivers Of Growth In The Embedded Computing Market?
The growth of the embedded computing market is projected to be fueled by the escalating usage of consumer electronics. Consumer electronics (CE) are electronic devices specifically designed for daily non-commercial/professional usage by consumers or end users. The incorporation of embedded systems in these electronic products contributes to their enhanced capabilities, seamless communication, superior performance, and improved efficiency, thereby revolutionizing the consumer electronics landscape. For example, data from the United Nations COMTRADE database, a US-based intergovernmental organization, show that the exports of electrical and electronic equipment from Australia amounted to $3.56 billion in 2022, as of March 2023. Moreover, India saw a significant surge in its electronic goods exports by nearly 88%, rising from $6600 million in 2013-14 to $12,400 million in 2021-22, as per the data of February 2022. Consequently, the growing usage of smartphones is a key driver for the expansion of the embedded computing market.
How Are The Segments Defined Within The Global 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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How Are New Trends Expected To Influence The Growth Of The Embedded Computing Market?
Emerging as a vital trend in the embedded computing market is the focus on product innovations. Major players in this market are introducing innovative products to maintain their market standing. Take, for instance, Neousys Technology, a Taiwan-based producer of rugged embedded systems and industrial equipment. In January 2022, they released the Nuvo-9000 series and Nuvo-9531 series, both fanless embedded computers. These embedded solutions target industrial edge computing, vision inspection, and automation systems. The processors of the Nuvo-9000 and Nuvo-9531 series utilize the 16-core/24-thread configuration of Intel’s 12th generation Core I processor, enhancing performance compared to the previous generation platform.
Who Are the Key Players 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 Is The Most Dominant Region In 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.
