The Insight Partners
Embedded computing finds its applications in large and small industries. Smart industrial components such as thermostats, gauges, door locks, temperature sensors and humidity sensors collect data and wirelessly transmit it to the embedded computer to initiate a service call. An embedded computer system is used for complex industrial operations such as harnessing energy with smart motors, measuring liquid level with smart sensors, optimizing robotic production line, and more. Industrial automation (IA) is a major area of embedded computing applications dominated by programmable logic controllers (PLC).
According to The Insight Partners research, the global embedded computing market was valued at US$32,090.1 million in 2018 and is projected to reach US$67,285.1 million by 2027, growing at a CAGR of 8.7% to grow. The Market Expansion is driven by growing automotive, industrial and telecom sectors.
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The telecommunications sector has myriad applications that are suitable for embedded computing. The latest technological advance is the arrival of the 5G network. Mobile operators are intensively marketing the 5G technology and touting download speeds and data prices. The worldwide expansion of 5G networks requires the integration of embedded computers into operations. The telecommunications domain integrates various embedded systems such as routers, modems, network switches, network bridges, and cellular phones, among others. Thus, the exponentially growing automotive, industrial and telecom sectors are catalyzing the global embedded computing market.
Major players dominating the global Embedded Computing Market are Advantech Co., Ltd; Arm Holdings Plc; Fujitsu Limited; International Business Machines Corporation; Intel Corporation; Microchip Technology Incorporated; Qualcomm Incorporated; Renesas Electronics Corporation; ST Microelectronics NV; and Texas Instruments Incorporated, among others.
• In July 2019, Advantech introduced a palm-sized embedded system, EPC-U2117, that boosts CPU and graphics performance by 30% and 45%, respectively. The system finds its application in passenger information system, digital signage, outdoor vending machine, smart kiosk, etc.
• In June 2017, Intel Corporation released the world’s first commercially available 64-layer TLC 3D NAND solid-state drive for client computing. It’s a reliable, high-quality drive for the mainstream market that offers the best performance for computers old and new.
• In November 2017, Microchip Technology released a single-wire serial EEPROM, AT21CS11, a memory device that provides extended voltage for lithium-ion battery applications.
• In September 2016, Qualcomm introduced two processors – Snapdragon 600E and 410E – as part of its embedded computing offerings through its distributors worldwide.
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However, related security concerns are hampering the growth of the global embedded computing market.
A modern vehicle generally consists of 25-100 Electronic Control Units (ECU). These systems are categorized into real-time body controls and infotainment controls. Embedded computing in modern vehicles is divided into different areas based on the function to be performed. Each ECU includes processing elements, memory subsystems, power supply elements, sensors, actuators, etc. built in specific combinations according to applications. The advanced driver assistance system (ADAS) – which includes lane departure warning, emergency braking and blind spot detection – is based on embedded computing.
Based on the components, the market is segmented into microprocessors, microcontrollers, ASIC, digital signal processors, FPGA, memory, hardware and software. The microcontroller segment led the market in 2018 with a 42.7% share of the business. It earned $13,700.1 million in 2018 and is projected to generate $28,368.4 million by 2027 to grow at a CAGR of 8.5% over the period 2019-2027.
Depending on the industry, the global embedded computing market is segmented into categories of automotive, industrial, consumer electronics, transportation, government and business, communications, and others. The industrial segment had a market share of 33.2% in 2018. It inflowed US$10,664.3 million in 2018 and is expected to accumulate US$22,320.1 million by 2027 to expand at 8.6% CAGR over the forecast period.
Our regional analysis states that in 2018, the Asia-Pacific market captured a 51.8% share of the domain and grossed $16,629.1 million. It is likely to reach $38,794.8 million by 2027 to rise at 10.0% CAGR, the highest, over the forecast period.
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