Press release
Embedded Computing Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Embedded Computing Market Share
The growth of the embedded computing market is projected to accelerate due to the rising uptake of consumer electronics. Any electronic device intended for daily non-commercial or professional use by consumers or end-users intrinsically defines consumer electronics (CE). The integration of embedded systems in electronic goods paves the way for innovative capabilities, seamless communication, superior performance, and enhanced efficiency, thus significantly transforming the consumer electronics landscape. For example, the United Nations COMTRADE database, a US-based intergovernmental body, reported in March 2023 that Australia's electrical and electronic equipment exports amounted to $3.56 billion in 2022. Furthermore, India's electronic goods exports surged nearly 88% from $6600 million in 2013-14 to $12,400 million in 2021-22, as reported in February 2022. Hence, the escalated usage of smartphones is a key factor driving the growth of the embedded computing market.
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What Is the projected market size and growth rate for the embedded computing market?
The size of the embedded computing market has experienced significant growth in the past few years. The market, which was valued at $42.39 billion in 2024, is expected to reach $45.72 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.8%. The historical growth is due to advancements in microprocessor technology, increasing popularity in consumer electronics, the rise of Internet of Things (IoT), the expanding range of automotive electronics, and a surge in demand for portable devices.
Over the coming years, the embedded computing market is expected to witness significant growth, hitting a value of $65.74 billion in 2029 with a compound annual growth rate (CAGR) of 9.5%. Reasons behind this estimated growth in the forecast period include greater use of edge computing applications, increased use of embedded systems in medical equipment, significant enhancements in cybersecurity driving the need for embedded security solutions, and a burgeoning autonomous vehicles market. Key trends in the forecast period entail the rising dominance of edge computing, the creation of energy-efficient embedded devices, the development of embedded vision systems, a growing emphasis on open-source tools in the embedded software sector, and increased usage of toughened embedded solutions in extreme environments.
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What are the most significant trends transforming the embedded computing market today?
The trend of product innovation is increasingly becoming prominent in the embedded computing market. Leading market players are fabricating creative products in a bid to remain relevant in the market. Take for example, Neousys Technology, a company based in Taiwan that specializes in the manufacture of rugged embedded systems and industrial equipment, unveiled the Nuvo-9000 series and Nuvo-9531 series of fanless embedded computers in January 2022. The aim of these embedded solutions is to cater to industrial edge computing, vision inspection, and automation systems. The processors in the Nuvo-9000 and Nuvo-9531 series have been enhanced by using Intel's 12th generation Core I processor with a 16-core/24-thread setup, an approach that elevates the performance beyond what the preceding platform could achieve.
What major market segments define the scope and growth of the 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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Which region dominates 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.
Which key market leaders are driving the embedded computing industry growth?
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.
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What Is Covered In The Embedded Computing Global Market Report?
• Market Size Forecast: Examine the embedded computing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the embedded computing market for a structured understanding.
• Key Players Overview: Analyze major players in the embedded computing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the embedded computing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the embedded computing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the embedded computing market.
• Industry Challenges: Identify potential risks and obstacles affecting the embedded computing market.
• Competitive Landscape: Review strategic developments in the embedded computing market, including expansions, agreements, and new product launches.
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