Embedded Computing Market to Grow at a CAGR of 8.7% to reach US$ 67.29 Billion from 2020 to 2027
The growing adoption of IoT application in diverse industries is one of the crucial factors influencing the embedded computing market. Additionally, the increased need for superior performance, secure connectivity, lower cost, power efficiency, and faster time to market are other significant factors bolstering market growth. Smaller and energy-efficient semiconductors are now available in the market owing to advancements in the design of semiconductor.
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The report offers in-depth assessment of the growth and other aspects of the Embedded Computing market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Leading Embedded Computing Market Players: Advantech Co., Ltd., Arms Holdings, Fujitsu, IBM Corporation, Intel Corporation, Microchip Technology Inc., STMicroelectronics, Qualcomm Technologies, Inc., Renesas Electronics Corporation, and Texas Instruments Incorporated, among others.
Embedded systems are used in wide-ranging applications, which differs from low to high-cost consumer electronics to medical devices, industrial equipment to weapon control systems, entertainment devices and aerospace systems to academic equipment, among others. The automotive industry is expected to be a key driver for the embedded computing market. At present, a modern vehicle contains between 25 or 100 electronic control units (ECUs). These systems are generally portioned based on domains, namely real-time body controls and infotainment controls.
Embedded Computing Market: Regional Analysis
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.
The application of an embedded system in vehicles has witnessed a high growth in the past two decades owing to demand better features. Also, the emergence of autonomous cars is a key factor expected to influence the demand for embedded systems in the automotive sector. In February 2019, STMicroelectronics collaborated with Virscient to allow quicker delivery of connected-car systems with ST’s Telemaco3P automotive application processors. ST’s Telemaco3P integrates Dual-Arm Cortex-A7 processors with an independent Arm Cortex-M3 subsystem, an embedded hardware security module, as well as a set of connectivity interfaces.
Global Embedded Computing Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2021 to 2027.
Major Key Points of Embedded Computing Market
• Embedded Computing Market Overview
• Embedded Computing Market Competition
• Embedded Computing Market, Revenue and Price Trend
• Embedded Computing Market Analysis by Application
• Company Profiles and Key Figures in Embedded Computing Market
• Market Dynamics
• Methodology and Data Source
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