The global embedded board and modules market is estimated to reach USD 4510 million by 2030, with a CAGR of 3.5% over the forecast period 2022-2030. It was valued at USD 3465 million in 2022.
The embedded boards and modules markets are increasing due to the growing dependency on digital devices aggressively. This growth is attributable to the growing awareness of embedded systems among Industrial machines, consumer electronics, agricultural and processing industry devices, automobiles, medical equipment, cameras, digital watches, household appliances, airplanes, vending machines, and mobile devices. Furthermore, the increase in the number of research and development activities related to embedded systems, rise in demand for advanced driver-assistance systems (ADAS) and electromobility solutions for electric vehicles and hybrid vehicles, growth in demand for portable devices such as wearables, and rise in the use of multicore processors in military applications are the primary factors accelerating the growth of the global embedded boards and modules market during the forecast period.
Embedded boards are modules with processors, multiple integrated circuits, interfaces and other essential components assembled on them to serve a dedicated function. Embedded boards comprise multiple technologies, including processors, core logic, networking, connectivity and multimedia components to provide functionality and performance for embedded system design applications. Embedded Modules (ESM) typically contain a CPU, memory and I/O interfaces. Within computer units, smaller systems are designed to perform a single task. These smaller systems are called embedded modules.
The growing demand for embedded systems among the automotive industry to enhance the safety of automobiles and integration of advanced technology systems and sensors among automobiles are the primary factors driving the growth of the global embedded boards and modules market during the forecast period. Furthermore, the growing investment and high adoption of automobiles with integrated infotainment systems that provide a combination of entertainment & information for an enhanced in-vehicle experience are the primary factors accelerating the growth of the embedded boards and modules market in the coming year.
The high adoption of self-service applications, voice search technologies, and driver assistance systems (DAS) is expected to provide lucrative opportunities in the growth of the global embedded boards and modules market during the forecast period. Moreover, the growing demand for AI-based automotive infotainment technologies and improvements in telecommunication infrastructure will also fuel the market growth. The growing usage of tablets in cars with the support of 4G/5G connectivity and increasing acceptance and usage of Google’s Android Auto and Apple’s CarPlay is anticipated to boost the demand for the global embedded boards and modules in the automotive industry the forecast period.
Design complexities of embedded boards and modules systems to become more complex and larger than many emphasize systems consolidation to decrease weight, power and reduce the overall price of the product. Embedded boards and modules have many applications as it constitutes the network of necessary codes that makes complex and multi-functional systems operate. Whether it’s a bulky satellite, smartwatch or complex system, they all need their customized memory and computing systems that have their Size, Weight and Power limitations. Design Engineers have to keep in mind these complexities.
In the pre-Covid era increasing adoption of embedded boards & modules systems in smart electricity meters, hybrid electric vehicles and electric vehicles for ensuring emission control is estimated to drive the embedded boards & modules market. The embedded boards & modules are high performance and low power consumption resulting in the high demand for automobile, aerospace, and automation application. Moreover, embedded board and modules market with energy efficiency initiatives at the global level and Technological advances in microcontroller units and falling prices are also expected to impact the market positively.
The sudden effects of the COVID-19 pandemic prompted strict lockdown laws in several countries, causing delays in the import and export of global embedded boards and modules. The coronavirus will affect the global availability of embedded boards and modules by creating market disruption and supply chain disruption, affecting the demand and production, and by the financial impact on firms and financial markets, the global economy is affected.
The COVID-19 epidemic directly affected the production and demand of embedded boards and modules or the industries’ business using embedded boards and module products and solutions. Covid 19 pandemic increases the need for ventilators and other innovative medical devices worldwide. That is projected to positively impact the embedded boards and modules market as various embedded boards and modules hardware and software components are used to develop advanced ventilators and other various medical devices.
Based on the Type, the global embedded boards and modules market is categorized into ARM, X86, PowerPC, etc. The ARM segment holds the largest share in 2021 and is expected to continue significantly during the forecast period. The segments growth is attributed to the rising adoption of ARM embedded boards and modules are high scalability, low power consumption, high performance, supports Linux OX/android suitable for defense and aerospace, automobile, Automation & control application.
Based on the Application, the global Embedded Boards & modules market is segregated into Automotive, Defense & Aerospace, Communication, Automation & Control, Medical, and others. The Automotive segment is capturing the largest share of the global embedded boards and module market in 2021 and is expected to grow this trend during the forecast period 2022-2030. The increased adoption of embedded systems in modern cars to perform various tasks within the vehicle, such as cruise control, backup sensors, suspension control, navigation systems, and airbag systems, are driving the embedded boards and modules market globe.
Based on the component, the global embedded boards & market are categorized into Software and Hardware. The Software accounted for the highest market percentage within 2021 is likely to generate a sizable revenue during the forecast period 2022-2030. The segmental growth is described to the rise the demand for the automotive industry, internet of things (IoT), telecom service providers, and medical devices based on Embedded boards and modules system introduction of 5G and development and integration of 4G/5G based embedded system in an automotive vehicle, home appliances and increasing demand of multicore processors in the communication and military industry.
Based on the regions, The global Embedded Boards & Modules Markets are characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific has the highest market share in 2021 and is estimated to grow significantly during the forecast period, 2022-2030. The growing adoption of Automation and digitalization among various manufacturing industries to improve production efficiency and product effectiveness will further support the market’s overall growth, and this growth is due to the growing industrialization and urbanization in Asia Pacific Region.
Companies include Advantech Co., Ltd., Kontron, Abaco Systems, ADLINK Technology Inc., Axiomtek Co., Ltd., DFI, Radisys, Portwell, Inc., Mercury Systems Inc., Digi International, MSC Technologies, and Other prominent players. These are prominent players in the Global embedded boards & modules market.
Key Stakeholders
| Report Attribute | Details |
|---|---|
| The revenue forecast in 2027 | USD 3785 Million |
| Growth Rate | CAGR of 3.65% from 2020 to 2027. |
| Historical data | 2017-2019 |
| Forecast period | 2021 – 2027 |
| Region covered | America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | Advantech Co., Ltd, Kontron, Abaco Systems, ADLINK Technology Inc, Axiomtec. Co. ltd, DFI, Radisys, Portwell lnc., Mercury System lnc, Digi International, MSC technologies, Other Prominent Players. |
By Type
BY Application
By Component
By Region
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Embedded boards are modules with processors, multiple integrated circuits, interfaces and other essential components assembled on them to serve a dedicated function. Embedded Modules (ESM) typically contain a CPU, memory and I/O interfaces. Within computer units, there are smaller systems.
The global embedded board and modules market is estimated to reach USD 4510 million by 2030, with a CAGR of 3.5% over the forecast period 2022-2030. It was valued at USD 3465 million in 2022.
The increasing use of embedded boards and modules systems, rising ARM, X86, PowerPC in the automotive, military, medical and industrial applications, and the development of 5G- based embedded devices are the major factors restoring the growth of global embedded boards and modules market.
The coronavirus will affect the global availability of embedded boards and modules, implementation of strict lockdown laws in several regions nations causing delays in the import and export of the product, affect the production of the industries, and the global economy is affected.
Asia Pacific region captured the largest market share in 2020 and is estimated to grow significantly during the forecast period, 2021-2027.
Companies include Advantech Co., Ltd., Kontron, Abaco Systems, ADLINK Technology Inc., Axiomtek Co., Ltd., DFI, Radisys, Portwell, Inc., Mercury Systems Inc., Digi International, MSC Technologies are the key players in the embedded boards and modules market.
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