Latest News- Embedded Computer Market: COMs is expected to lead the Product segment during 2024-2028

The Embedded Computer Market is being driven by Growing demand for IoT devices

The Embedded Computer Market is expected to grow at a CAGR of 6.97% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 18028.4 million. In the business landscape, the adoption of robotics has expanded beyond the automotive sector to industries such as military, defense, healthcare, electronics, and e-commerce. Robots, now more versatile, handle intricate tasks for stakeholders. General Motors pioneered robotics for heavy manufacturing, while Amazon employs them for delicate order picking. Foxconn Electronics utilizes robots for assembling iPhone components. Robotics research receives significant investment from both public and private sectors to meet escalating demand. Keywords: robotics, adoption, industries, versatile, stakeholders, manufacturing, order picking, assembly, research, investment. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • COMs
  • SBCs
  • Stand-alone boards
• End-user
  • Industrial automation
  • Military and defense
  • Medical
  • Communication
  • Others
• CPU Architecture
  • x86
  • ARM
  • PowerPC
  • Others
• Geography
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • India
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for IoT devices
• Increasing adoption of M2M connection
• Growth of IIoT

However, the market also witnesses some limitations, which are as follows:

• High lead time
• Trade-off between use of different CPU architectures
• IoT security challenges

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Market Scope in Embedded Computer Market Research Report

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Research Analysis Overview

The Embedded Computer Market encompasses a wide range of applications, from Personal Computers and Laptops to Biomedical Sensors and Imaging Systems in the Healthcare sector. In the Automotive sector, embedded computers power advanced features such as Adaptive Cruise Control, Embedded Navigation Systems, and Embedded Airbag Systems. The Communication sector also relies heavily on embedded computers for Open Controller systems and Microcontroller Security Solutions. Industrial applications include Edge Controls and Equipment Insight 2018, which require high-performance Microprocessors and Digital Signal Processors for real-time data processing. The Vehicle's Electronic System and Industrial Ecosystem benefit from Microcontrollers and Embedded Security solutions to ensure reliable and secure operation. Key components of embedded computers include Microcontrollers, Microprocessors, and Digital Signal Processors. These technologies enable the development of advanced systems in various sectors, from Biomedical to Automotive and Industrial applications. The Embedded Computer Market continues to grow, driven by the increasing demand for smart and connected devices in various industries.

Market Research Overview

The embedded computer market, a segment of the larger technology hardware, storage, and peripherals industry, caters to manufacturers of specialized computing devices. This includes microcontrollers, single-board computers, and industrial PCs. Market expansion in the embedded computer sector is primarily fueled by the burgeoning demand for advanced automation systems and IoT devices. The COVID-19 pandemic has accelerated this trend, as businesses adapt to remote work and digital transformation, necessitating the deployment of sophisticated technology infrastructure.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/