Market Trends of Embedded Computing Systems Industry
This section covers the major market trends shaping the Embedded Computing Systems Market according to our research experts:
Consumer Electronics to Witness Significant Growth
- Embedded computing systems are an integral part of consumer electronics devices. Devices, such as mobile phones, laptops, personal computers, and gaming consoles, depend on embedded computing technology. Increasing the standard of living, awareness about the technology, and falling prices of consumer electronics devices have increased the penetration of consumer electronics equipped with embedded computing among end-user verticals.
- With the advent of IoT, embedded systems have been significant across the consumer electronics segment. Connecting consumer products, such as smartphones, heart rate monitoring devices, and smart home appliances, to track, monitor, control, and adapt, is likely to add significant value to the embedded computing systems market.
- Microprocessors are an essential part of any consumer electronics product. For instance, ARM Cortex M7 core product and the first low-power ARM Cortex M4 as a mix of low power consumption and power-processing performances suit perfectly for wearable product requirements.
- According to GSMA, smartphones accounted for 60% of mobile devices' connections in 2018, which is expected to reach 80% connections by 2025. Moreover, there are currently 10 billion IoT connections in 2019, which is expected to reach 25 billion by 2025. Thus, with the growth of smartphone and IoT devices in the market, the need for embedded computing systems is expected to increase in the coming years.
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North America Occupies the Largest Market Share
- The North American region is expected to hold a significant share of the market, primarily due to the high adoption of technology and the presence of major vendors in the region. Moreover, with the rise of robotics and rising applications of IoT in the region, there is an increased demand for embedded computing systems.
- For instance, in October 2019, the US DoD announced an emerging open-architecture embedded computing standard SOSA (Sensor Open Systems Architecture) that can enable the US Military to specify embedded computing systems that are economical, powerful, upgradable, and competitive, which is expected to launch in mid 2020.
- The region is witnessing major investments in the healthcare industry towards digitization, all the healthcare giants in the region are migrating to graphic and compute-intensive applications, such as advanced computers in all operating rooms, diagnostic workstations, and bedside monitors showing visuals and advance nursing stations. Moreover, with the increasing industrial automation and IIoT systems, the market is expected to increase demand during the forecast period.
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