Computer Engineering Market Reach $2.5 trillion by 2024 Major Developer & Manufacturer are Autodesk, Dassault Systèmes, National Instruments, NVIDIA, PTC, STMicroelectronics, TSMC, Texas Instruments, Xilinx

Industry Outlook: -

Computer Engineering Market to exceed an enormous valuation of over USD 2.5 trillion by 2024.Several data center companies are implementing FPGAs in the facilities to offload and accelerate specific services such as computationally intensive workloads which is driving the computer engineering market. These devices, when reconfigured for different tasks after manufacturing, are being used in telecom gear, industrial systems, automotive, and military and aerospace applications. With ongoing technological advancements, modern FPGAs with large gate arrays, memory blocks, and fast IO, which are suitable for a wide range of tasks have seen a rise in the demand. The industry is observing the emergence of hyper-scale data centers, which are based on densely packaged servers. This shrinking form of data centers is driving the need to deploy FPGAs on a large scale in such facilities, thereby providing an impetus to the market.

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Market Segmentation: -

By Product Functionality the market is segmented into Personal Computers, Server Computer Hardware, Supercomputers, Built-in Computers, Mobile Computer Hardware, Microelectronic Components. Growth of IoT and rise in the usage of wearable technology such as smartwatches will likely push the microelectronic component demand in the computer engineering market. The technology is broadly being implemented for airbag systems in the automotive industry owing to the government regulations related to driving and growing fears for passenger safety. In addition, rise in the inclination of patients towards smart home facilities which are helping reduce the healthcare costs will help generate for demand microelectronic component, thereby providing an impetus to the computer engineering industry over the forecast timespan.

By Application the market is segmented into

• Automotive
• Communication System
• Industrial
• Medicine
• Consumer Computer Equipment

Automotive applications of computer engineering include infotainment, body electronics, and safety and security systems. Increasing demand for solutions such as automated test equipment and electronic manufacturing services will drive the computer engineering market. In certain regions such as China the demand for EVs and charging stations has led to the high demand for the microcontrollers. The U.S. provides tax credits of USD 2,000 to USD 7,500 per new EV purchased in the country.

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NVIDIA is another renowned name depicting the strong profitability potential of computer engineering industry players from automotive sector. Needless to introduce, the company has far expanded its application scope in the recent trend of driverless cars by providing AI computer systems to enable self-driving capabilities.

Regional Insights: -

Asia Pacific computer engineering market will witness considerable growth over the forecast timespan, owing to the presence of several semiconductor manufacturing companies. The government and industry bodies are attempting to increase the competitiveness of the electronics system design & manufacturing (ESDM) industry to meet the domestic demand and attract foreign investments. Moreover, the regional attractiveness for manufacturers is rising owing to the availability of low-cost labor in countries such as India, Indonesia and Thailand. The rise in manufacturing costs in Taiwan and China, has compelled the ESDM industry to shift their industrial base to alternative countries.

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Competitive Analysis: -

Key vendors in the computer engineering market comprise ANSYS, Inc., Autodesk, Cadence Design Systems, Cypress Semiconductor Corporation, Dassault Systèmes, Infineon Technologies, Maxim Integrated, Mentor Graphics, Microchip Technology Inc., Microsemi Corporation, National Instruments, NVIDIA, NXP Semiconductors, PTC, STMicroelectronics, Texas Instruments, Xilinx

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