Embedded Computer Market to grow by USD 18028.4 million between 2024-2028
According to a research report “ Embedded Computer Market” by Product (COMs, SBCs, Stand-alone boards) End-user (Industrial automation, Military and defense, Medical, Communication, Others) CPU Architecture (x86, ARM, PowerPC, Others) Geography (Europe, APAC, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 18028.4 million at a CAGR of almost 6.97% during the forecast period. The Embedded Computer Market is poised for substantial expansion due to the increasing adoption of Internet of Things (IoT) technology. IoT, a network of interconnected devices, facilitates minimal human intervention for data transfer. The market for connected devices, fueled by IoT, is projected to expand significantly, leading to increased demand for embedded computers. Vendors collaborate to establish a common networking standard, ensuring interoperability among various smart devices, including home appliances, gateways, and entertainment systems. This standardization addresses the growing bandwidth requirements necessitated by the proliferation of connected devices..
Browse market data tables, figures, and in-depth TOC on “Embedded Computer Market” by Product (COMs, SBCs, Stand-alone boards) End-user (Industrial automation, Military and defense, Medical, Communication, Others) CPU Architecture (x86, ARM, PowerPC, Others) Geography (Europe, APAC, North America, Middle East and Africa, South America) Global Forecast to 2028.
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By Product, the COMs segment is projected to dominate the market size in 2024.
In the industrial sector, the integration of embedded computers into automation solutions has been instrumental in enhancing efficiency, safety, and profitability. With the rise of Industry 4.0, the demand for advanced embedded computers is surging. Industry 4.0, characterized by M2M communication and HMI, necessitates the use of intelligent, autonomous machines and logistics systems. As a result, the embedded computer market is experiencing significant growth, driven by the increasing adoption of industrial automation solutions.
By End-user, Industrial automation segment is expected to hold the largest market size for the year 2024.
In the embedded computer market, COMs, or System-on-Modules, represent a significant subsegment. These compact, versatile devices function as standalone computers, integrating a microprocessor, RAM, and various features. The primary distinction lies in their lack of standard I/O connector interfaces, necessitating attachment to a carrier board for peripheral integration. This modular design enables COMs to be utilized extensively across various applications within the embedded computing industry.
Europe is forecasted to hold the largest market size by region in 2024.
The embedded computer market experiences robust growth, driven by the integration of advanced technology into various industries. Companies are investing in high-performance, compact computing solutions to enhance productivity and streamline operations. This trend is particularly prominent in sectors such as automotive, healthcare, and industrial automation, where real-time data processing and connectivity are essential. The market's expansion is further fueled by the increasing adoption of IoT and Industry 4.0 technologies, which rely on embedded systems for seamless communication and automation.
The Embedded Computer Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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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 encompasses various technological advancements in sectors such as Electronics, Medicine, and Industrial Automation. Key components of this market include configuration management, lead times, and R&D investments. In the Electronics industry, embedded computers power innovations in areas like ADAS technology, wireless communications infrastructure, and AI. In the Healthcare sector, digitalization is transforming medical equipment, from X-rays and ultrasounds to remote patient monitoring systems. Connectivity and automation are crucial, with sensors and microprocessors enabling smart home appliances, CPAP machines, pacemakers, and glucose monitors. The Automotive sector benefits from embedded computing systems in adaptive cruise control, embedded navigation systems, and embedded airbag systems. The Communication sector leverages microcontrollers and vehicle's electronic systems for edge controls and IoT services market growth. Industrial development activities and government reforms drive the need for high initial investments and hardware limitations in embedded computing systems. The Internet of Things (IoT) and emerging economies are significant markets, with falling prices and increasing awareness contributing to a higher standard of living. Microprocessors like ARM Cortex M4 and microcontrollers play essential roles in power-processing performances and low power consumption for various end-user verticals. Security solutions, such as open controllers and microcontroller security, are crucial for embedded systems in the defense industry and other sensitive applications.
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