The global embedded computer market is on the rise, with a projected growth of USD 18.02 billion from 2024 to 2028, according to a report by Technavio. This market is expected to grow at a CAGR of almost 6.97% during the forecast period, driven by the increasing demand for IoT devices and the trend towards implementing robotics in various industries. However, one of the challenges faced by this market is the high lead time required for manufacturing these embedded computers.
Key players in the embedded computer market include AAEON Technology Inc., Abaco Systems Inc., Advantech Co. Ltd., and many more. These companies are at the forefront of driving innovation and technological advancements in the industry.
The robotics market has seen significant growth across industries such as automotive, military, defense, healthcare, electronics, and e-commerce. Robots are being utilized for complex tasks due to their flexibility and ability to handle various applications. Companies like General Motors, Amazon, and Foxconn Electronics are leading the way in incorporating robots into their operations. The integration of advanced embedded computers is making robots smarter, more networked, and versatile for multiple applications, which is expected to positively impact the global embedded computer market in the coming years.
Embedded computing systems have become essential components in various industries, from consumer electronics to automobiles and healthcare. The market for embedded systems is driven by trends in CPU technology, sensors, and the Internet of Things (IoT). Industrial automation, healthcare digitization, defense industry, and IoT services market are major sectors driving the demand for embedded computers. Technological developments in AI, connectivity, and wireless communications infrastructure are shaping the future of embedded computing.
One of the challenges faced by manufacturers in the embedded computer market is the longer lead time required to create customized solutions for OEMs using the latest core components. This results in a longer time-to-market and the risk of product obsolescence as new technologies enter the market. However, advancements in processor technologies, bus architectures, and the growing implementation of automation technologies are driving growth in the market.
The market segmentation of embedded computers includes products like COMs, SBCs, and stand-alone boards, as well as end-users such as industrial automation, military and defense, medical, communication, and others. The CPU architecture and geography also play a significant role in segmenting the market.
In conclusion, the embedded computer market is experiencing significant growth driven by the increasing demand for IoT devices, robotics, and advancements in technology. Key players in the industry are driving innovation and pushing the boundaries of what embedded computers can achieve. With the market projected to grow substantially in the coming years, it is an exciting time for the embedded computer industry.