Embedded products market size to grow by USD 86.08 billion from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- The global embedded products market size is estimated to increase by USD 86.08 billion between 2022 and 2027. The market's growth momentum will accelerate at a CAGR of 6.3%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Discover some insights on market size before buying the full report -Request a sample report
Embedded products market – Vendor analysis
Vendor landscape –
The global embedded products market is fragmented, with the presence of several vendors. A few prominent vendors that offer embedded products in the market are Advantech Co. Ltd., AMETEK Inc., ARBOR Technology Corp., ASUSTeK Computer Inc., Axiomtek Co. Ltd., congatec GmbH, Curtiss Wright Corp., Digi International Inc., EUROTECH Spa, Fujitsu Ltd., Intel Corp., Kontron AG, NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Radisys Corp., SMART Global Holdings Inc., Super Micro Computer Inc., TechNexion Ltd., Texas Instruments Inc., and Toradex AG and others.
The global demand for smart and connected devices globally is creating opportunities for vendors, including new product innovations, enhanced reliability, and high product utilization. Hence, the competitive environment in this market is likely to intensify with an increase in technological innovations and product developments. Moreover, international players are likely to grow inorganically by acquiring regional or local players during the forecast period.
Embedded products market - Customer landscape
Embedded products market - Segmentation assessment
Embedded products market – Market dynamics
Key trends - The rise in the development of 5G-based embedded devices is a key trend in the market. Embedded product output is expected to improve considerably during the forecast period. With the incorporation of 5G, embedded goods used in smart video surveillance systems of automobiles will deliver quick response times. Moreover, 5G technology supports quick picture processing, which will help in overcoming the difficulties associated with industrial automation and smart farming. Therefore, embedded products supporting 5G infrastructure are expected to support the growth of the embedded product market during the forecast period.
Major challenges - High energy consumption of compact embedded products is challenging the global embedded products market growth. As embedded systems are highly compact, their design architectures are very complex. This, in turn, increases the consumption of energy in embedded products, which can affect the overall lifecycle of embedded products. Moreover, energy consumption increases with the rise in temperature, which negatively affects the overall performance of embedded products. Hence, the high energy consumption of compact embedded products is expected to hinder the growth of the market during the forecast period.
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Table of contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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