A report published by Allied Market Research is an in-depth study on embedded computing market by type, end user and geography.
Portland, OR -- (SBWIRE) -- 09/15/2017 -- The study provides a detailed analysis of the entire market, key benefits for stakeholders, and research methods applied that give shape to this report. The market overview covers topics such as trends in embedded computing system production, value chain analysis, Porters five forces analysis and more. The market will accrue a sum of $236.5 billion by 2022, registering a CAGR of 6.2% from 2016 to 2022.
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Geographically, the embedded computing market is classified into North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest revenue generation in 2015 due to high adoption of technology, higher standards of living and presence of dominant market players. After North America, it was Asia Pacific that contributed to the high revenue growth. The vital drivers boosting the demand of the embedded computing systems in the Asia Pacific region are increasing adoption of technology, declining prices of consumer electronics, and improved standard of living in countries such as India and China. On the basis of growth, LAMEA would show the fastest CAGR of around 7% during forecast period.
The demand for embedded computing has been growing worldwide due to increasing demand for connected devices, evolution in Internet of Things (IoTs), rise in adoption of artificial intelligence, growing digitization in healthcare, industrial automation and increasing demand in automobile, defense and other sectors. However, the factors restraining the market growth include difficulties in design and configuration, limitations on hardware and high initial investments.
Embedded computing system constitutes an embedded hardware and software which help in carrying out a particular function in an electronic device. Regarding the hardware segment, microprocessors contributed to a major market share in 2015 (around 63%) and the reasons for this are high performance, innovations, and continuous improvement in a variety of end user-applications such as tablets, energy management systems, automation of processes, mobile devices, and others.
Within the end user segment, the communications sector was the main market dominator followed by consumer electronics segment, together accounting for around 64% of the market revenue in 2015. The dominance of these sectors is the result of the increasing penetration of smartphones, wearable devices, gaming consoles and internet, particularly in the developing parts of the world.
Key points to be noted from the embedded computing system market report:
- The main drivers impacting the growth of the embedded computing system market include increasing use of consumer electronics, rising adoption of artificial intelligence, growing automation of processes, and rising technological advancements.
- Though the microprocessor segment led the embedded computing market in 2015, the microcontrollers segment is estimated to grow fast, registering a high CAGR during the forecast period.
- While North America was the market dominator in 2015, LAMEA is expected to register the fastest growth over the forecast period.
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The report also provides an outlook on the competitive scenario of the global embedded computing market. It provides an analysis of the important growth strategies such as product launch, strategic alliance, and collaboration followed by the leading market players. The report also covers in-depth company profiles of major players such as Atmel Corporation, Microchip Technology Inc., Intel Corporation, Renesas Electronics Corporation, Fujitsu Limited, ARM Holdings plc., IBM Corporation, Microsoft Corporation, QUALCOMM Incorporated, and Texas Instruments Incorporated.