Embedded Computing Market Revenues to Touch Approximately US$ 13 Billion by 2030, says RationalStat

The global embedded computing market is expected to approach US$ 12.8 billion by 2030, with an annual growth rate of more than 6.6%

 | Source: Rationalstat LLC Rationalstat LLC

Wilmington, Delaware, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Global Embedded Computing Market value is estimated at US$ 8.2 billion in 2023 and is expected to grow at a significant CAGR of over 6.6% over the forecast period of 2023-2030, according to the latest market report by RationalStat


Market Definition, Market Scope, and Report Overview

The embedded computing market is influenced by various drivers that fuel its growth and adoption across multiple industries. The proliferation of IoT devices in various sectors, including smart homes, industrial automation, healthcare, and agriculture, has significantly boosted the demand for embedded computing solutions. These devices require low-power, compact, and efficient embedded systems to function effectively.

Embedded systems are used in a wide range of applications, including consumer electronics, industrial automation, automotive, medical, and aerospace and defense. The increasing demand for these applications is driving the growth of the embedded computing market. Embedded systems are becoming increasingly powerful and efficient, as technology advances. This is making them more suitable for a wider range of applications.

Further, Industries like manufacturing, automotive, and aerospace continue to invest in automation to improve efficiency, reduce costs, and enhance productivity. Embedded computing systems are essential for controlling and monitoring automated processes.

  • According to a deep-dive market assessment by RationalStat, the global embedded computing has been analyzed on the basis of market segments, including type, crop type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
  • Market intelligence for the global embedded computing covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
  • In addition, the long-term sector and products/services 10-year outlook and its implications on the global embedded computing. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Embedded Computing Market: Segmental and Market Share Analysis

  • On the basis of type, the hardware segment is dominating the global embedded computing market. Embedded systems are increasingly being used in applications that require high performance and efficiency. This is driving the demand for embedded hardware that can meet these requirements.
  • Based on application, the automotive segment is dominating the global embedded computing market. Autonomous Driving Technologies (ADAS) and autonomous driving technologies rely on embedded computing systems to collect and process data from sensors and to control the vehicle's systems. This is driving the demand for embedded computing systems in the automotive industry.

Report Synopsis

Report MetricsDetails
Base Year2023
Forecast Period2023-2030
Base Year Market SizeUS$ 8.2 billion
Market Size ForecastUS$ 12.8 billion
Growth Rate6.6%
Key Market Drivers
  • The growing adoption of embedded systems in a wide range of applications
  • The increasing need for more powerful and efficient embedded systems
  • The growing demand for connected embedded systems
  • The growing demand for embedded systems in developing countries
Dominating Region
  • Asia-Pacific
Dominating Segment
  • Hardware
Companies Profiled
  • Arm Holdings Plc
  • Fujitsu Limited
  • Intel Corporation
  • IBM Corporation
  • Microchip Technology, Inc.
  • Microsoft Corporation
  • Qualcomm Incorporated
  • Renesas Electronics Corporation
  • STMicroelectronics
  • Texas Instruments Incorporated

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global embedded computing include,

  • In February 2022, AMD today announced the completion of its acquisition of Xilinx in an all-stock transaction. The acquisition creates the industry’s high-performance and adaptive computing leader with significantly expanded scale and the strongest portfolio of leadership computing, graphics and adaptive SoC products.

Some of the prominent players and suppliers operating and contributing significantly to the global embedded computing growth include Arm Holdings Plc, Fujitsu Limited, Intel Corporation, IBM Corporation, Microchip Technology, Inc., Microsoft Corporation, Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics, and Texas Instruments Incorporated, among others.

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RationalStat has segmented the global embedded computing market based on type, application, and region.

  • Global Embedded Computing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type   
    • Hardware
    • Software
  • Global Embedded Computing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
    • Communications
    • Industrial
    • Consumer Electronics
    • Automotive
    • Healthcare
    • Energy
    • Others
  • Global Embedded Computing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
    • North America Embedded ComputingMarket
      • US
      • Canada
    • Latin America Embedded ComputingMarket
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe Embedded ComputingMarket
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe Embedded ComputingMarket
      • Russia
      • Poland
      • Hungary
      • Other CIS Countries
      • Rest of Eastern Europe
    • Asia Pacific Embedded ComputingMarket
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN
        • Indonesia
        • Thailand
        • Philippines
        • Vietnam
        • Malaysia
        • Rest of ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa Embedded ComputingMarket
      • GCC
        • Saudi Arabia (KSA)
        • United Arab Emirates (UAE)
        • Rest of the GCC
      • South Africa
      • Nigeria
      • Turkey
      • Rest of the Middle East & Africa

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Key Questions Answered in the Embedded Computing Report:

  • What will be the market value of the global embedded computing by 2030?
  • What is the market size of the global embedded computing?
  • What are the market drivers of the global embedded computing?
  • What are the key trends in the global embedded computing?
  • Which is the leading region in the global embedded computing?
  • What are the major companies operating in the global embedded computing?
  • What are the market shares by key segments in the global embedded computing?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC                    

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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