Press release
Steady Expansion Forecast for Embedded Computing Market, Projected to Reach $64.54 Billion by 2029
Embedded Computing
Embedded Computing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the embedded computing market has expanded significantly in the past few years. The market is projected to grow from a value of $42.39 billion in 2024 to about $45.34 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.9%. This increase during the historic period can be tied to developments in microprocessor technology, the escalating growth of consumer electronics, the emergence of the Internet of Things (IoT), the broadening of automotive electronics, and the rising demand for portable devices.
Embedded Computing Market Size Forecast: What's the Projected Valuation by 2029?
The market size of embedded computing is anticipated to experience robust growth in the upcoming years, escalating to $64.54 billion in 2029 with a compound annual growth rate (CAGR) of 9.2%. This growth during the forecasted period can be credited to an increase in edge computing applications, broader application of embedded systems in medical equipment, a boost in cybersecurity risks prompting embedded security solutions, and an expanding market for autonomous vehicles. Key trends within this period encompass the expansion of edge computing, the creation of energy-saving embedded devices, the development of embedded vision systems, an amplified emphasis on open-source embedded software, and the implementation of ruggedized embedded solutions in severe conditions.
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What Are the Drivers Transforming the Embedded Computing Market?
The upward trend in the use of consumer electronics is anticipated to fuel the expansion of the embedded computing market. Consumer electronics (CE) are electronic devices intended for non-commercial/professional daily use by end users or consumers. The integration of embedded systems facilitates the delivery of innovative features, seamless communication, superior performance, and enhanced efficiency in electronic products, which significantly influences the ever-evolving consumer electronics landscape. For example, data from the United Nations COMTRADE database reported that as of March 2023, Australia's exports of electrical and electronic equipment in 2022 amounted to $3.56 billion. Furthermore, in February 2022, the export of electronic goods from India saw a nearly 88% rise, going up from $6600 million in 2013-14 to $12,400 million in 2021-22. As a consequence, the surge in smartphone use is propelling the embedded computing market's growth.
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What Long-Term Trends Will Define the Future of the Embedded Computing Market?
The creation of innovative products is a predominant trend in the embedded computing market. To solidify their market standing, principal companies in this sector are developing unique products. For example, Neousys Technology, a manufacturer of industrial equipment and rugged embedded systems based in Taiwan, released the Nuvo-9000 series and Nuvo-9531 series in January 2022. These fanless embedded computers are purposed for industrial edge computing, automation systems, and vision inspection. The performance of the Nuvo-9000 and Nuvo-9531 series processors is superior due to the use of Intel's 12th generation Core I processor, featuring a 16-core/24-thread configuration, an improvement from the preceding platform.
Which Segments in the Embedded Computing Market Offer the Most Profit Potential?
The embedded computingmarket 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 Firms Dominate the Embedded Computing Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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