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The embedded computer market size is forecast to increase by USD 18.02 billion at a CAGR of 6.97% between 2023 and 2028. The market is experiencing significant growth due to several key trends. The increasing implementation of Internet of Things (IoT) devices is driving market demand, as these devices require advanced computing capabilities to process and analyze data in real time. Additionally, the growing adoption of robotics in various industries is fueling the market, as robots rely on embedded computers for control and automation. However, the market also faces challenges, such as long lead times for embedded computer components and the need for configuration flexibility to support the diverse requirements of various applications. To address these challenges, market players are focusing on developing modular and customizable embedded computer solutions to meet the evolving needs of their customers.
Overall, the market is expected to witness growth in the coming years, driven by the increasing demand for IoT devices and robotics, as well as the need for flexible and configurable computing solutions.
The market is witnessing significant growth due to the increasing adoption of advanced technologies in various sectors such as communication and automotive. In the communication sector, the demand for embedded computers is increasing for edge controls in telecom infrastructure and network equipment. In the automotive sector, the integration of microcontrollers, microprocessors, and digital signal processors in vehicle's electronic systems is driving the growth of the market. Microcontrollers are widely used in automotive applications such as embedded airbag systems, embedded navigation systems, adaptive cruise control, and vital signs monitoring for driver assistance. The industrial ecosystem is also witnessing the adoption of open controllers for industrial automation and control systems.
Besides, the healthcare sector is witnessing the integration of embedded computers in medical devices such as electronic stethoscopes, imaging systems, pet scans, CT scans, MRIs, glucose monitors, cardiac pacemakers, and CPAP machines. Biomedical sensors are also witnessing the integration of embedded computers for real-time data processing and analysis. Moreover, the consumer electronics sector, including mobile phones, laptops, and personal computers, is witnessing the integration of embedded computers for advanced features and functionalities. Overall, the market is expected to grow significantly due to the increasing adoption in various sectors and applications.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The coms segment is estimated to witness significant growth during the forecast period. Embedded computers, specifically Application Compatible Modules (COM), play a pivotal role in various industries, including healthcare and technology. COMs, also known as System-on-Modules, are a type of Single-Board Computer (SBC) that integrates a microprocessor with essential features, functioning as a computer without standard I/O peripheral connectors. Instead, COMs connect to a carrier board for peripheral integration, expanding their application scope in embedded computing. In healthcare, COMs power advanced medical devices such as adaptive cruise control systems in life support equipment like CPAP machines and pacemakers. In the technology sector, COMs are utilized in imaging systems, including PET scans, CT scans, and MRIs, as well as biomedical sensors for glucose monitoring.
Moreover, COMs are essential components in mobile phones, laptops, personal computers, and gaming consoles, driving their functionality and performance. The adaptability and versatility of COMs make them indispensable in numerous applications, enabling innovation and progress in various industries.
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The COMs segment was valued at USD 13.76 billion in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the European region is experiencing significant growth due to the increasing adoption of automation, particularly in the context of Industry 4.0. Initiated by the German Federal Government in 2010 as part of its High-Tech Strategy 2020, Industry 4.0 is a future project aimed at integrating advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and robotics into manufacturing processes. While Germany was the pioneer in implementing Industry 4.0, its influence has spread across various industries and regions. The European Union has been actively supported by the German Ministry of Economic Affairs in building a network of national initiatives and promoting Industry 4.0 activities. In healthcare, embedded computers play a crucial role in various medical devices and systems, including adaptive cruise control in medical equipment like electronic stethoscopes, imaging systems such as PET scans, CT scans, and MRIs, glucose monitors, pacemakers, and Continuous Positive Airway Pressure (CPAP) machines. Additionally, biomedical sensors are integrated into mobile phones, laptops, personal computers, and gaming consoles to monitor vital signs and provide real-time health data. The European market for embedded computers in healthcare is expected to grow significantly due to the increasing demand for advanced medical devices and systems.
Our researchers analyzed the data with 2023 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.
Growing demand for IoT devices is the key driver of the market. The market is witnessing significant growth, particularly in sectors such as the Communication and Automotive industries. This growth can be attributed to the increasing adoption of advanced technologies like Microcontrollers, Microprocessors, and Digital Signal Processors in various applications. In the Communication sector, IoT (Internet of Things) is driving the demand for connected devices, leading to an increase in bandwidth requirements. companies are collaborating to establish a common networking standard for interoperability with the widest range of smart devices, including home appliances, gateways, and entertainment systems. In the Automotive sector, Embedded security solutions are becoming increasingly important for Microcontroller security and Edge controls in Vehicle electronic systems.
Moreover, the embedded security solutions are essential for protecting against cyber threats in Microcontrollers, which are used in various applications, such as Embedded airbag systems and Embedded navigation systems. The Industrial ecosystem is also adopting Embedded Computers for automation and control applications, further fueling market growth. According to Technavio, the global connected devices market is expected to grow significantly during the forecast period, leading to increased demand for Embedded Computers.
Increasing implementation of robotics is the upcoming trend in the market. The communication and automotive sectors are among the leading industries driving the growth of the market. In the automotive sector, microcontrollers and microprocessors are used extensively in vehicle's electronic systems, including embedded airbag systems, embedded navigation systems, and edge controls. Microcontroller security solutions are also gaining significance in the automotive industry to ensure microcontroller security. The industrial ecosystem is witnessing a paradigm shift towards open controller systems, enabling seamless communication between various equipment and systems. Digital signal processors play a crucial role in processing real-time data from sensors and actuators in industrial applications. The communication sector is another significant end-user of embedded computers, with applications ranging from telecom networks to satellite communication systems.
Moreover, the increasing demand for high-speed data processing and real-time communication is fueling the growth of the market in this sector. Government and private organizations are investing heavily in robotics research to meet the growing demand for advanced automation solutions. Robots are being deployed in various industries, including military, defense, healthcare, and electronics, to handle complex tasks and improve productivity. E-commerce companies are using robots for order picking and assembly, while manufacturers like Foxconn Electronics are using them for assembling electronic components. According to Equipment Insight 2018, The market is expected to grow at a significant CAGR during the forecast period.
High lead time is a key challenge affecting the market growth. The market encompasses various sectors, including the communication and automotive industries. In these industries, the use of microcontrollers, microprocessors, and digital signal processors is prevalent in edge controls and vehicle's electronic systems. Embedded security solutions are also crucial to ensure microcontroller security in open controller systems. According to Equipment Insight 2018, the industrial ecosystem continues to evolve, with the integration of embedded airbag systems and navigation systems becoming increasingly common. Embedded computer manufacturers face challenges in reducing lead times due to the need for customized solutions using the latest core components, such as processors and memory modules. This necessitates close partnerships with chip and processor manufacturers.
However, the relevance of an embedded product with respect to technology tends to get obsolete faster due to the rapid introduction of optimized processors and fast data/address buses in the market. For instance, in the automotive sector, embedded computers are used extensively in vehicle's electronic systems, including engine control, brake systems, and infotainment systems. The communication sector also relies heavily on embedded computers for data processing and transmission. Despite the longer life cycle of these products, the technology used in them becomes obsolete faster, making it essential for manufacturers to keep up with the latest trends and innovations.
The market forecasting report includes the adoption lifecycle of the 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 market growth analysis strategies.
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 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. They offer single-board computers, mission-ready systems, axis software, digital signal processing (DSP), graphics and video, and others.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key 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 market is witnessing significant growth due to the increasing adoption in various end-user verticals such as communication sector, automotive sector, and consumer electronics. Microcontrollers and microprocessors are the key components driving the market growth. Digital signal processors are increasingly being used in applications requiring real-time processing, such as vehicle's electronic systems, embedded airbag systems, and embedded navigation systems. The market is also witnessing the emergence of microcontroller security solutions, open controller platforms, and edge controls to address the security concerns in embedded systems. The industrial ecosystem is witnessing a shift towards IoT devices, smartphones, and smart home appliances, leading to an increase in demand for low-power consumption and high-performance microprocessors like ARM Cortex M4.
Moreover, the standard of living and awareness are driving the demand for advanced technologies in healthcare, leading to the adoption of embedded computing systems in medical equipment such as vital signs monitors, electronic stethoscopes, imaging systems, and biomedical sensors. The falling prices and technological developments in microprocessors and sensors are making these systems more accessible to emerging economies. The market is also witnessing significant growth in the automotive sector due to the increasing adoption of ADAS technology, adaptive cruise control, and electric and hybrid vehicles. The defense industry is another significant end-user vertical, with a focus on automation computer, RTOS, and connectivity solutions.
Further, the market is witnessing significant R&D investments, product improvements, and lead times reduction due to industrial development activities and government reforms. The market is expected to grow further due to the increasing digitization in industries such as utilities, healthcare, and defense, and the adoption of artificial intelligence and IoT services.
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Market Scope |
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Report Coverage |
Details |
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Page number |
219 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.97% |
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Market growth 2024-2028 |
USD 18.02 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.4 |
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Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 35% |
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Key countries |
US, China, UK, Germany, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 AG, NVIDIA Corp., NXP Semiconductors N.V., Qualcomm Inc., Radisys Corp., SMART Global Holdings Inc., Super Micro Computer Inc., TechNexion Ltd., Texas Instruments Inc., and Toradex AG |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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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. |
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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 Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
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