Enjoy complimentary customisation on priority with our Enterprise License!
The embedded computer market is estimated to grow by USD 19.71 billion at a CAGR of 7.94% between 2022 and 2027. The growth of the market depends on several factors, including growing demand for IoT devices, increasing adoption of M2M connection, and growth of IIoT. The market is experiencing significant growth due to the increasing demand for IoT devices. IoT facilitates connectivity among physical objects or devices through diverse network technologies, enabling data transfer with minimal human interaction. Connected devices, including a wide array of consumer electronics like televisions, vehicles, and appliances, are empowered by IoT technology to enhance their functionality and performance.
The report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
This report extensively covers market segmentation by product (COMs, SBCs, and stand-alone boards), end-user (industrial automation, military and defense, medical, communication, and others), CPU architecture (x86, ARM, PowerPC, and others), and geography (Europe, APAC, North America, Middle East and Africa, and South America).
The market share growth of the COMs segment will be significant during the forecast period. The main reason for the rising demand for COMs is that COM cards can easily be replaced or swapped (when a client needs to integrate new functionalities) without needing to change the carrier board itself. This is a cost-saving approach, as only the COM needs to be replaced. Thus, firms can form a faster go-to-market strategy. A faster go-to-market strategy is relevant for the growth of the overall COM market as more companies will be able to integrate COM into their products. Hence, this will drive the growth of the market.
Get a glance at the market contribution of various segments Request a PDF Sample
The COMs segment was valued at USD 13.07 billion in 2017. A COM, which is also known as System-on-Module (SOM), is defined as a type of Single-Board Computer (SBC), which is a subtype of an embedded computer system. The main factors that drive the growth of the COMs segment include increasing requirements for dense computer systems due to the rising popularity of miniaturization, increasing demand for field programmable gate array (FPGA) components, etc.
For more insights on the market share of various regions Request PDF Sample now!
Europe is estimated to contribute 36% to the growth of the global embedded computing market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The rising adoption of automation across industries in the region is driving the growth of the market in the region. One of the major drivers for industrial automation in the region is the adoption of Industry 4.0. A major factor driving the growth of the market in Europe is the increasing interest in smart factories. Industry 4.0 was developed by the German government to promote the use of computerization in industrial practices. It involves the integration of automation technologies as well as data exchange with manufacturing systems.
The region is characterized by the presence of several leading embedded computer manufacturers, including congatec and Kontron S and T. The sales and operations in the region are high because of the presence of a large number of OEMs. For instance, MSC Technologies, which is now a part of Avnet, has most of its sales and operations in more than ten countries in Europe. The major revenue in the region is contributed by Western Europe and Germany.
The Microcontroller is a key component in various electronic devices, including mobile phones, laptops, and personal computers, where it performs essential computing tasks. The Digital Signal Processor (DSP) is used for processing digital signals in devices like Pacemakers and Imaging systems, enhancing their functionality. An Open Controller allows for flexible and customizable control of Vehicle's electronic system and industrial ecosystems, providing adaptability and scalability. Biomedical sensors rely on these technologies for data processing and communication, enabling advancements in healthcare. The Equipment Insight 2018 initiative likely focuses on utilizing analytics for improved operational insights and decision-making in various industries. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for IoT devices is notably driving the market growth. IoT is a network of physical/tangible objects or devices interconnected through various network technologies. IoT allows the transfer of data over a network with minimal need for human-to-human or human-to-computer interaction. Connected devices refer to devices that can be connected to the Internet to enhance their performance. This is supported by real-time operating systems, microprocessors, mechanical components, television sets, motor vehicles, telephones, digital cameras, washing machines, microwaves, dishwashers, and anti-lock braking systems (ABS) in the Consumer electronics devices sector.
Embedded computers offer reliable, secure, faster, scalable, and cost-efficient solutions and are increasingly being deployed across complex business environments to meet the increasing demands for high-performance functionality. Hence, the demand for embedded computer boards such as SBCs, COMs, and stand-alone boards is increasing in the embedded computing market.
Increasing implementation of robotics is a key trend impacting the global market growth. The automotive sector was the initial adopter of robotics; however, at present, several industries are making use of robots in their production processes. Robots are also used by doctors as assistants for complicated operations. To keep up with the increasing demand for robots, government and private companies have started investing in robotics research.
The other factor for the increasing use of robotics is the high demand for decreased system engineering and installation costs, which account for more than 75% of the cost of robotic systems. Currently, as industrial robots are showing the extensiveness of their abilities, R&D investments are growing to discover their full potential. As embedded boards are an important component of robots, increasing the use of robotics will have a positive impact on the embedded computing market in the coming years.
High lead time will be a key challenge negatively impacting the market growth. Lead time is the amount of time between the commencement and the end of a process in a manufacturing unit. High lead time is a challenge faced by manufacturers of embedded computers. This is because OEMs require the implementation of technology as per customized solutions or design architecture. This requires the use of the latest core components, such as processors and memory modules. Because of this requirement, embedded board manufacturers rely on close partnerships with suppliers like chip manufacturers and processor manufacturers to integrate those components into embedded boards to achieve fast product development. OEMs expect the latest hardware and support solutions; therefore, manufacturers design and configure embedded boards as per the requirements of OEMs. This increases the overall time-to-market.
The report includes the adoption lifecycle of the embedded computing market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the embedded computing market.
Abaco Systems Inc. - The company offers embedded computers that perform specific functions from industrial automation and in-vehicle computing to digital signage, robotics, and more. Under the segment, the company offers single-board computers, mission-ready systems, axis software, digital signal processing (DSP), graphics and video, and others.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The market is thriving with the rise of Internet of Things (IoT) applications across various sectors, including the communication sector and healthcare industry. These systems utilize microprocessors and digital signal processors for efficient processing. With advancements like ARM Cortex M7 and M4 cores, they offer low power consumption and high processing performances. They are integral to embedded airbag systems, adaptive cruise control, and healthcare equipment like PET scans and glucose monitors. Despite challenges like hardware limitations and high initial investments, the market is driven by technological developments and the increasing adoption of AI and M2M communications.
The market is integral to various industries, including the automotive and defense sectors, leveraging microprocessors and digital signal processors for efficient operations. These systems incorporate microcontrollers and open controllers for diverse applications like embedded navigation systems and vital signs monitoring. They enable advancements in healthcare digitization with devices such as electronic stethoscopes and CPAP machines. As IoT connections and AI adoption increase, embedded computers play a crucial role in smart home appliances and remote patient monitoring. With the rise of hybrid vehicles and EVs, the market continues to evolve, driving product improvements and enhancing lead times.
Market Scope
Report Coverage |
Details |
Page number |
211 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.94% |
Market growth 2023-2027 |
USD 19.71 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.15 |
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
Performing market contribution |
Europe at 36% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AAEON Technology Inc., Abaco Systems Inc., Advantech Co. Ltd., ARBOR Technology Corp., Avalue Technology Inc., Axiomtek Co. Ltd., congatec GmbH, Curtiss Wright Corp., Digi International Inc., EUROTECH Spa, Fujitsu Ltd., Intel Corp., Kontron S and T AG, NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Radisys Corp., SMART Global Holdings Inc., Super Micro Computer Inc., TechNexion Ltd., Texas Instruments Inc., and Toradex AG |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Market Segmentation by CPU Architecture
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.