Growing demand for IoT devices to drive growth after the crisis
In 2020, Europe accounted for around 33% of the global market share, and the region is expected to continue to dominate during the forecast period. The strong adoption of Industry 4.0 by organizations operating in the region is driving the demand for on-board computers. In addition, the increasing investments in the development of autonomous vehicles and electric vehicles are fueling the growth of the embedded computers market in Europe.
Likewise, the market generated maximum revenue from the COM segment in 2020. The growth of the segment can be attributed to the increasing trend of miniaturization in the electronics industry. In addition, advancements in processor technologies such as ARM and x86 and the development of bus architectures such as COM, COM Express, CompactPCI, VME and VPX will support the growth of the services segment during the forecast period.
Although the embedded computer market is expected to register healthy growth during the forecast period, the high lead times and security challenges associated with IoT may reduce the growth opportunities for market players. This Embedded Computers Market report will help businesses to better equip themselves, make informed decisions, and develop effective strategies to improve their market position.
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