Embedded Computing Market to witness strong growth owing to Increasing

Key Takeaways
Key players operating in the embedded computing market are Advanced Micro Devices (AMD), NXP Semiconductors, Intel Corporation, Microchip Technology, Texas Instruments and STMicroelectronics. These players are focusing on developing advanced system on chip technologies for improving the performance of embedded systems.

Embedded Computing Market Growth is expected to rise significantly driven by the growth of IoT and Industry 4.0. An increasing number of connected devices and industrial machines require embedded processors, memory, software and other components for functioning. The development of autonomous and semi-autonomous machines will further drive the need for powerful embedded computers.

Technological advancements such as the integration of AI/ML capabilities, advanced graphics and smaller form factors are expanding the application scope of embedded systems. Edge computing is bringing computing and storage closer to sensors and actuators, reducing latency issues. Embedded systems with quantum computing capabilities are also being explored.

Market Trends
The trend of migration towards 64-bit architecture is enabling higher performance, memory capacity and efficiency. Edge computing deployments are driving the development of small-form-factor embedded systems. Use of functional safety certified systems is rising in automobile and industrial applications.

Open-source operating systems like Linux are gaining popularity compared to proprietary OS due to flexible customization, lower costs and active developer community support. Containerization is helping optimize CPU/memory usage of complex multi-application systems.

Market Opportunities
The growth of autonomous vehicles provides an opportunity for embedded computing developers to supply intelligent driver-assistance, control and infotainment systems. 5G enabled IoT applications will create a demand for low-power embedded modems, gateways and routers. Embedded vision systems integrated with AI are finding increased usage in factories for quality inspection, predictive maintenance etc. Growth in space research also opens up opportunities for development of radiation-hardened embedded computers.

Impact of COVID-19 on Embedded Computing Market

The COVID-19 pandemic has significantly impacted the growth of the embedded computing market. During the initial months of the outbreak in 2020, the market witnessed a notable slowdown due to nationwide lockdowns imposed by various governments. This led to disruptions in the global supply chain and lowered demand across end-use industries such as automotive, industrial automation, healthcare and networking among others. However, with increasing remote working and online education needs, many vendors shifted their focus to developing embedded systems to enable connectivity and communication solutions. This boosted market growth to some extent in 2020.

As the pandemic situation continues in 2021, embedded system designers are facing challenges in designing and testing new products while working remotely. Project delays and budget constraints are also affecting overall market revenue. However, with rapid digital transformation taking place across sectors, demand for embedded computing systems in IoT devices, smart wearables and AI-powered appliances is expected to rise steadily post pandemic. Vendors need to focus on developing secure and power efficient embedded boards, system on chips (SoCs) and modules that can support growing bandwidth and connectivity needs. Close collaboration with OEMs for timely product development will also be crucial to seize opportunities from emerging applications in future.

Geographical Regions with Highest Embedded Computing Market Value

North America accounted for the largest share of the global embedded computing market in terms of value in 2020. This can be attributed to strong presence of embedded system vendors and early technology adoption across sectors in the US and Canada. Growing investments in industries such as manufacturing, automotive and medical have also fuelled regional market growth. In addition, rising demand for intelligent and connected devices is driving embedded hardware deployment across various application areas.

Fastest Growing Region for Embedded Computing Market

Asia Pacific is expected to witness the fastest growth in the embedded computing market during the forecast period from 2025 to 2031. This growth can be credited to rapid industrialization and infrastructure development underway in developing nations like China, India, South Korea and others. Fast expanding electronics manufacturing sector and rising electronics exports from the region has contributed significantly to embedded systems deployment. Robust economic development, growing disposable incomes, urbanization and smart city initiatives further provide impetus to APAC market growth.

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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

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