Embedded Computing Market is driven by growing Internet of Things applications
Key Takeaways
Key players operating in the embedded computing market include Advanced Micro Devices (AMD), Inc., Advantech Co., Ltd., Avalue Technology Inc., Curtiss-Wright Corporation, Dell Technologies Inc., Emerson Electric Co., Fujitsu Limited, General Electric Company, Hewlett Packard Enterprise Company, Honeywell International Inc., Intel Corporation, Kontron ST AG, Mitsubishi Electric Corporation, Rockwell Automation, Inc., and Texas Instruments Incorporated. AMD and Intel dominate the processor market. Advantech and Kontron are leading companies for embedded motherboards and systems.
The Embedded Computing Market Trends is growing rapidly driven by the exponential increase in IoT devices and applications. A growing number of industries are implementing smart and connected solutions based on embedded systems to improve productivity, optimize processes, and offer enhanced customer experiences.
The market is witnessing increased globalization as players expand their international operations. Companies are focusing on emerging economies in Asia Pacific and Latin America which offer high market potential. Many vendors have established regional design and manufacturing centers to address local market requirements better.
Market drivers
One of the key drivers for the embedded computing market is the growth of industrial automation. Automation plays a crucial role in factory digitization through technologies like industrial IoT, machine vision, robotics, and more. Embedded systems power the control, monitoring, and networking capabilities of automated systems. Their real-time processing and reliability make them well-suited for industrial control applications with stringent requirements. The demand from manufacturing industries is expected to fuel the embedded computing industry.
Impact of Geopolitical Situation on Embedded Computing Market Growth
The embedded computing market is facing challenges due to rising geopolitical tensions and global supply chain disruptions. Geopolitical uncertainties arising from the Russia-Ukraine conflict are negatively impacting the semiconductor and electronics industry. Supply of key components like microprocessors, memory chips, and other electronic parts used in embedded systems has been disrupted. This is adversely affecting the production volumes and increasing costs for embedded computing companies.
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