Computer Engineering Market: Server Computer Segment to offer High Growth Prospects by 2024 | Key Players are Airbus, Apple, BMW Group, GE, General Motors, Haier, Hitachi, Honeywell, Tesla, Thales, Volkswagen AG

Computer Engineering Market is expected to exceed USD 2.5 trillion by 2024. Factors such as rise in disposable income and growing population are driving the computer engineering market. Growing usage of high-end technology devices and decreasing electronics prices are leading to a rise in the consumption of electronic devices. In the IT & telecom industry, technological transitions, such as 4G/LTE networks and IoT, are majorly driving the adoption of electronic products. In addition, increasing safety, efficiency, and entertainment needs will provide an impetus to the automotive computer engineering market.

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Speaking of the industry drivers, the growing appetite for upgrading present day technologies is slated to revolutionize the computer engineering market trends. IOT and connected devices, the two most buzzing trends of the technology world, are speculated to leave a humongous impact on this business fraternity. The fact can be validated from the increasing penetration of these devices in a slew of industry verticals such as automotive, healthcare, retail, manufacturing, etc. Elaborating on the growth potential of computer engineering applications in medical field, it won’t be far that tomorrows digital stethoscope could function as an “intelligent thing” by collecting real-time data, treatment information, data related to diagnosis, and an AI powered physician assistance app.

The Major Key Players in the Computer Engineering Market are as follows:

• Airbus
• Apple
• BMW Group
• GE
• General Motors
• Haier
• Hewlett Packard Enterprise
• Hitachi
• Honeywell
• LG Electronics
• Lockheed Martin Corporation
• Samsung Electronics
• Sharp Electronics Corporation USA
• Schneider Electric
• Tesla
• Thales
• Toyota Motor Corporation
• Volkswagen AG

Semiconductors are being commonly used in the electronic devices such as PCs, smartphones, and tablets, and other smart products. These components can communicate with other devices through a growing network connected through IoT. They are the fundamental enabling technology of modern electronics, as the IoT devices require components such as memory, sensors, and microcontrollers to connect and perform their functions. Growing adoption of semiconductors and penetration of smartphones will propel the computer engineering market growth. The miniaturization of smart devices has further added to the growing demand for test and development solutions across several application areas.

In the computer engineering market, server computers are anticipated to exhibit high growth and adoption over the forecast timeframe. Rise in demand for cloud storage and online services has given a rise to the number data centers globally. In 2016, the U.S. had more than 3 million installed data centers and the number of facilities is expected to rise gradually over the coming years. The rise will be fueled by migration from on-premise and small facilities run by internal IT teams to hyperscale data centers operated by colocation or large service providers. In addition, several data center manufacturers are developing and deploying innovative server solutions which reduce the energy consumption in these systems.

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Several component manufacturers operating in the computer engineering market are adopting the miniaturization trend by offering consumers flexible mounting options, smaller sizes, and are integrating multiple functionalities into a single set. This has allowed the semiconductors to be utilized in applications, such as in the healthcare devices for surgical and smart fitness products. The growing demand and awareness of smart fitness products is encouraging several product developers to invest in the R&D to develop advanced products. Vendors are investing massively to manufacture several new miniaturized products for enhancing the user experience. Researchers are focused on developing cost-effective and reliable products which is providing the computer engineering market ample growth opportunities.

In 2016, Asia Pacific accounted of more than 50% computer engineering market owing to the presence of a large number of semiconductor industries. Several government and industrial bodies in the region are attempting to increase the competitiveness of the electronics manufacturing industry to attract foreign investments and meet the domestic demand. For instance, India’ s attractiveness for electronic manufacturers is growing owing to the presence of low-cost labor. Rise in manufacturing costs in countries such as Taiwan and China are convincing manufacturers to move their manufacturing base to other countries. In 2016, the average manufacturing labor in China was USD 3.5 per hour in comparison to India which was USD 0.9 per hour.

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Major players operating in the computer engineering market include Synopsys, Inc., Xilinx, Inc. National Instruments Corporation, STMicroelectronics N.V., Cadence Design Systems, Inc., Intel Corporation, NVIDIA Corporation, Lattice Semiconductor Corporation, and Advantest Corporation, among others.

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