Embedded Computing Market to Garner $85,685.68 Million by 2030, Says Allied Market Research

According to the report published by Allied Market Research, the global embedded computing market generated $36.74 billion in 2020, and is estimated to reach $85.68 billion by 2030, witnessing a CAGR of 9.1% from 2021 to 2030.

Technological advancements, reduction in prices of consumer electronics devices, and demand for innovative and high-quality embedded systems drive the growth of the global embedded computing market.

However, fierce competition among regional market players and complex hardware configuration restrain the market growth. On the other hand, adoption of innovative technologies and rise in standards of living in emerging countries create new opportunities in the coming years.

Download Sample Report (Get Full Insights in PDF – 121 Pages) at: https://www.alliedmarketresearch.com/request-sample/1408

Covid-19 Scenario

  • Manufacturing activities of embedded processors have been hindered due to lockdown measures. Many facilities were partially or completely shut down during the lockdown. In addition, ban on import-export activities restrained the manufacturing as raw material shortage occurred.
  • The demand from application industries such as industrial, consumer electronics, automotive & transportation, and others reduced significantly due to disruptions in daily activities. However, the daily operations would get back on track during the post-lockdown and the demand would rose steadily.

Based on type, the microprocessor segment accounted for nearly two-fifths of the global embedded processor market in 2019, and is expected to continue its leadership status during the forecast period.

This is due to surge in its applications in residential, industrial units, and manufacturing sectors. However, the eFPGA segment is estimated to register the fastest CAGR of 11.3% from 2021 to 2028, owing to several benefits such as additional security and flexibility to counter potential threats and reduce costs.

Based on application, the consumer electronics segment held the largest market share in 2019, accounting for nearly one-fourth of the global embedded processor market in 2019, and is projected to continue its dominant share by 2027. This is due to rise in initiatives by governments in terms of funding toward digitalization.

However, the healthcare segment is expected to portray the highest CAGR of 11.3% from 2021 to 2028. This is due to emergence of technologies in medical devices such as wireless communication, ECG electrocardiogram, sensors, and body area network (BAN) for monitoring heart rate, pulse rate, oxygen, temperature, and blood pressure.

Based on region, Asia-Pacific, followed by North America, contributed to the highest market share in 2019, accounting for nearly half of the global embedded processor market, and is estimated to maintain its lead position in terms of revenue by 2027.

Moreover, this region is expected to witness the highest CAGR of 9.9% from 2021 to 2028. This is due to the availability of high-end enhanced technologies, rise in demand for smart electronics, and growth of manufacturing industries. The report also analyzes regions including Europe and LAMEA.

Leading players of the global embedded computing market analyzed in the research include Arm Holdings Plc., Intel Corporation, Fujitsu Limited, Microchip Technology, Inc., IBM Corporation, Qualcomm Incorporated, Microsoft Corporation, STMicroelectronics, Renesas Electronics Corporation, and Texas Instruments Incorporated.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1408

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

Leave a comment

Your email address will not be published.