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The global embedded computing market is estimated to account US$ 32.09 Bn in 2018 and is expected to grow at a CAGR of 8.7% during the forecast period 2019 – 2027, to account to US$ 67.29 Bn by 2027.
Geographically, Asia-Pacific holds the largest embedded computing market share, owing to rapid technological developments, and numerous investments in the APAC countries. The Asia-Pacific market for embedded systems and solutions is also largely driven by factors such as growing internet of things (IoT), substantial growth in consumer electronics demand, rising connected cars market, and growing usage of robotics. Ever-increasing consumer electronics industry in the Asia Pacific is expected to provide a promising growth to the region in the embedded systems market during the forecast period. The region accounts for the major consumer electronics share in the global market, with China being the biggest country. Customer demand for advanced products along with emerging economies in the region is anticipated to offer a sound growth to the Asia Pacific. This factor is escalating the growth of the revenue size of embedded computing market in the Asia Pacific region. This as a result has positively impacted embedded computing market
North America holds the second highest market share in the embedded computing market. The primary reason for the growth of embedded computing market is the The US is a major global leader in technology and associated equipment and controls. Most of the demand for embedded computing comes from the automobile and electronics manufacturing industries. This scope is facilitating the applications to adopt this technology, thereby creating a substantial market for the same at present, which is projecting a positive growth on the embedded computing market. Similarly, The growth in the consumer electronics, automotive electronics, and communication technology is increasing the demand for advanced technologies with an objective to gather real-time information. The country has foreseen the tremendous growth in myriad industries that also includes the transportation equipment industry, food processing industry, and petroleum and coal products industry. Canada has several industrial automation companies which are specialized in operating ICT industries throughout the country. For instance, IBM Microelectronics signed an agreement with Juniper Networks, Inc. for designing, manufacturing, selling, and purchasing of semiconductor products which includes ASIC. Furthermore, in 2019, Intel Corporation today announced the acquisition of Omnitek, a leading provider of optimized video and vision FPGA IP solutions. Omnitek’s technology enables customized high-performance vision and artificial intelligence (AI) inferencing capabilities on FPGAs for customers across a range of end markets. These market initiatives and strategic expansions are expected to continue during the forecast period, contributing to the high growth of embedded computing market in the region.
Lucrative Regional Embedded Computing Market
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Embedded Computing Market Insights
Automotive Industry is Expected to be the Prime Driver for the Embedded Computing Market
At present, a modern vehicle contains between 25 or 100 electronic control units (ECUs). These systems are generally portioned based on domains, namely real-time body controls and infotainment controls. The real-time body controls include a different category such as chassis control, body control, powertrain control, and active safety control. The second category, the infotainment controls, includes navigation, information management, computing, external communication, and entertainment. Embedded computing in modern vehicles is segmented into different domains, mainly differentiated by the criticality of the function executed. In general, each ECU integrates a processing element (single or multi-core processor), memory subsystems (including volatile and non-volatile), optional dedicated accelerators like cryptographic or image processing engines, power supply elements, and the interfaces to the different sensors, actuators, and network. Specific combinations are chosen depending on the requirements for each application. For example, in the body electronics domain that handles simple comfort functions like doors, access control, lighting systems, and climate control, an ECU architecture may be composed of an 8- to 32-bit micro-controller, non-volatile code memory, and network interfaces like CAN and LIN.
Machine Learning at the Edge
The theory of pushing computing closer to sensors where data is gathered is a significant point of modern embedded computing – i.e., the edge of the network. With machine/deep learning, this conception becomes even more vital to enable autonomy and intelligence at the edge. For many applications such as industrial robots and automated machinery on a factory floor to an agricultural tractor in the field, to self-guided vacuums in the home, the computation must happen locally. There can be various reasons for local processing, such as low latency, reliability, bandwidth, power consumption, and privacy. Quite an amount of applications are driving adoption of machine learning (ML), such as advanced driver assistance systems (ADAS) and self-driving cars, big-data analysis, surveillance, and improving processes from audio noise reduction to natural language processing. Thus the concept of machine learning at the edge is expected to prevail in the future application of embedded computing along with the advancement in IoT concept.
Component Segment Insights
The embedded computing market by component is segmented into microprocessors, microcontrollers, application-specific integrated circuits (ASICs), digital signal processors, field programmable gate arrays (FPGAs), memory, software, and others. The growing consumption of consumer electronics, alongside the demand for higher performance and greater functionalities, is driving the global microcontroller market. The increasing focus on the implementation of energy-efficient devices in both process and discrete industries is expected to create a significant demand for microcontrollers during the forecast period. These factors resulted in the steady growth of embedded computing market.
Industry Vertical Segment Insights
Both new as well as existing industrial equipment can leverage embedded systems for optimizing manufacturing processes. With the rapid developments in the microprocessor, machine control as well as machine monitoring are continuously evolving and enabling more embedded system logic, scalability, and control. Also, the high adoption of Industry 4.0 has influenced market growth positively and thereby, catalyzing the market size of embedded computing market. Thus, these factors are driving the adoptions of these embedded computing across various industry vertical.
Rest of Asia Pacific Embedded Computing Market by Industry Vertical
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Embedded Computing Market: Strategic Insights
Market Size Value in US$ 32.09 Billion in 2018 Market Size Value by US$ 67.29 Billion by 2027 Growth rate CAGR of 8.7% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Embedded Computing Market: Strategic Insights
| Market Size Value in | US$ 32.09 Billion in 2018 |
| Market Size Value by | US$ 67.29 Billion by 2027 |
| Growth rate | CAGR of 8.7% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Some of the market initiatives were observed to be most adopted strategy in the global embedded computing market. Few of the recent market initiatives are listed below:
- 2019:Advantech announced the introduction of Palm Size Embedded System EPC-U2117, which enhances the CPU performance by 30% as well as boost the graphic performance by 45%.
- 2018:Intel Corporation partnered with Micron Technology, Inc. to complete joint development for the second generation of 3D XPoint technology.
- 2017:Intel Corporation launched the world’s first commercially available 64-layer, TLC, 3D NAND solid state drive.
- 2016:Qualcomm launches Snapdragon 600E and 410E.
GLOBAL EMBEDDED COMPUTING MARKET SEGMENTATION
Global Embedded Computing Market – By Component
- Microprocessors
- Microcontrollers
- Application-Specific Integrated Circuits (ASICs)
- Digital Signal Processors
- Field Programmable Gate Arrays (FPGAS)
- Memory
- Software
- Others
Global Embedded Computing Market – By Industry Vertical
- Automotive
- Industrial
- Consumer Electronics
- Transport
- Government & Enterprise
- Communication
- Others
Global Embedded Computing Market – By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- Taiwan
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle EAST & Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of SAM
Global Embedded Computing Market - Company Profiles
- Advantech Co., Ltd.
- Arms Holdings
- Fujitsu
- IBM Corporation
- Intel Corporation
- Microchip Technology Inc.
- STMicroelectronics
- Qualcomm Technologies, Inc.
- Renesas Electronics Corporation
- Texas Instruments Incorporated
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Advantech Co., Ltd.
- ARM Holdings PLC
- Fujitsu Limited
- International Business Machines Corporation
- Intel Corporation
- Microchip Technology Incorporated
- Qualcomm Incorporated
- Renesas Electronics Corporation
- STMicroelectronics N.V.
- Texas Instruments Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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