Embedded Computing Market Growing at 8.7% CAGR Led by Machine Learning at the Edge till 2027

Embedded computing finds its applications in large and small industries. Smart industrial components such as thermostats, meters, door locks, temperature sensors, and humidity sensors gather data and transmit wirelessly to embedded computer to initiate a service call. An embedded computing system is used for complex industrial operations such as utilizing energy with smart motors, gauging the fluid level with smart sensors, optimizing the robotic assembly line, and much more. Industrial automation (IA) is a prime territory of embedded computing applications dominated by programmable logic controllers (PLC).

According to The Insight Partners' research, the global embedded computing market was valued at US$ 32,090.1 million in 2018 and is expected to reach US$ 67,285.1 million by 2027 to rise at an annual growth rate of 8.7% from 2019 to 2027. The market expansion is driven by growing automotive, industrial, and telecommunication sectors.

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The telecommunication sector has innumerable applications functional to embedded computing. The latest technological advancement is the adoption of 5G network. Cellular carriers are intensively marketing the 5G technology touting the download speed and data prices. Expansion of 5G networks across the world demands the integration of embedded computers in operations. Telecommunication domain integrates various embedded systems such as routers, modems, network switches, network bridges, and mobile phones among others. Thus, the exponentially growing automotive, industrial, and telecom sectors catalyze the global embedded computing market.

Key players dominating the global embedded computing market are Advantech Co., Ltd; Arm Holdings Plc; Fujitsu Limited; International Business Machines Corporation; Intel Corporation; Microchip Technology Incorporated; Qualcomm Incorporated; Renesas Electronics Corporation; ST Microelectronics N.V.; and Texas Instruments Incorporated, among others.
• In July 2019, Advantech introduced a palm-sized embedded system, EPC-U2117, which enhances the performance of CPU and graphics by 30% and 45%, respectively. The system finds its application in passenger information systems, digital signage, outdoor vending machines, smart kiosk, etc.
• In June 2017, Intel Corporation launched the world's first commercially available 64-layer, TLC, 3D NAND solid-state drive for client computing. It is a reliable, high-quality drive for the mainstream market that provides best performance for old and new computers.
• In November 2017, Microchip Technology launched a single-wire serial EEPROM, AT21CS11, a memory device to cater an extended voltage to accommodate lithium-ion battery applications.
• In September 2016, Qualcomm launched two processors-Snapdragon 600E and 410E-under its embedded computing offerings through its distributors worldwide.

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However, the associated security concerns hinder the growth of global embedded computing market.

A modern vehicle generally consists of 25-100 electronic control units (ECU). These systems are categorized into real-time body controls and infotainment controls. Embedded computing in modern vehicles is segmented into various domains based on the function to execute. Each ECU comprises processing elements, memory subsystems, power-supply elements, sensors, actuators, etc. which are incorporated in specific combinations according to the applications. The advanced driver assistance system (ADAS)-which includes lane departure warning, emergency braking, and blind-spot detection-is based on embedded computing.

Based on component, the market is segmented into microprocessor, microcontroller, ASIC, digital signal processor, FPGA, memory, hardware, and software. The microcontroller segment led the market in 2018 with 42.7% share of the business. It garnered US$ 13,700.1 million in 2018 and is projected to generate US$ 28,368.4 million by 2027 to grow at 8.5% CAGR during 2019-2027.

According to industry vertical, the global embedded computing market is categorized into automotive, industrial, consumer electronics, transport, government & enterprises, communication, and others. The industrial segment occupied 33.2% market share in 2018. It accrued US$ 10,664.3 million in 2018 and is slated to amass US$ 22,320.1 million by 2027 to expand at 8.6% CAGR during the forecast period.

Our regional analysis states that the Asia Pacific market captured 51.8% share of the domain in 2018, amassing US$ 16,629.1 million. It is likely to hit US$ 38,794.8 million by 2027 to surge at 10.0% CAGR, the highest one, over the forecast period.

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