The North America Embedded Computing Market is expected to witness market growth of 8.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Embedded Computing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $20.44 billion by 2031. The Canada market is experiencing a CAGR of 10.4% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 9.6% during 2024-2031.
This market has undergone significant transformations over the past few decades, evolving from simple microcontroller-based systems to highly complex and specialized solutions that support modern technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML). These systems are purpose-built devices for dedicated functions or tasks within larger mechanical or electrical systems.
These systems are present in almost every modern technological device. Their versatility makes them suitable for various applications across numerous industries. Embedded computing is crucial in consumer electronics like smartphones, televisions, smartwatches, gaming consoles, and smart home devices. These products rely on embedded systems for processing, connectivity, and energy management.
Mexico's telecommunication sector has been a key contributor to the country's economic growth over the past decade, and this trend is expected to continue in the coming years. According to the International Trade Administration (ITA), the Mexican telecommunications sector has consistently outpaced the overall economy, driven by growing demand for mobile telephony, broadband services, and broadcasting. As of 2022, Mexico had over 130 million active wireless lines, with over 113 million having Internet access. The adoption of cloud computing in the United States has been accelerating rapidly across various industries.
According to the National Center for Science and Engineering Statistics, approximately 19.5% of all firms in the U.S. utilize data analysis cloud computing services, which is significantly higher compared to the adoption rates of other advanced technologies. Therefore, rising telecommunication industry and high adoption rates of cloud computing the region is driving the growth of the market.
The US market dominated the North America Embedded Computing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $20.44 billion by 2031. The Canada market is experiencing a CAGR of 10.4% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 9.6% during 2024-2031.
This market has undergone significant transformations over the past few decades, evolving from simple microcontroller-based systems to highly complex and specialized solutions that support modern technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML). These systems are purpose-built devices for dedicated functions or tasks within larger mechanical or electrical systems.
These systems are present in almost every modern technological device. Their versatility makes them suitable for various applications across numerous industries. Embedded computing is crucial in consumer electronics like smartphones, televisions, smartwatches, gaming consoles, and smart home devices. These products rely on embedded systems for processing, connectivity, and energy management.
Mexico's telecommunication sector has been a key contributor to the country's economic growth over the past decade, and this trend is expected to continue in the coming years. According to the International Trade Administration (ITA), the Mexican telecommunications sector has consistently outpaced the overall economy, driven by growing demand for mobile telephony, broadband services, and broadcasting. As of 2022, Mexico had over 130 million active wireless lines, with over 113 million having Internet access. The adoption of cloud computing in the United States has been accelerating rapidly across various industries.
According to the National Center for Science and Engineering Statistics, approximately 19.5% of all firms in the U.S. utilize data analysis cloud computing services, which is significantly higher compared to the adoption rates of other advanced technologies. Therefore, rising telecommunication industry and high adoption rates of cloud computing the region is driving the growth of the market.
List of Key Companies Profiled
- Fujitsu Limited
- Intel Corporation
- IBM Corporation
- HCL Technologies Ltd.
- Microsoft Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Renesas Electronics Corporation
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- NXP Semiconductors N.V.
Market Report Segmentation
By Component
- Software
- Hardware
- Microcontroller (MCU)
- Microprocessor (MPU)
- Digital Signal Processor (DSP)
- Other Hardware Type
By End User
- Consumer Electronics
- Communications
- Industrial
- Automotive
- Healthcare
- Energy
- Other End User
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Embedded Computing Market by Component
Chapter 6. North America Embedded Computing Market by End User
Chapter 7. North America Embedded Computing Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Fujitsu Limited
- Intel Corporation
- IBM Corporation
- HCL Technologies Ltd.
- Microsoft Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Renesas Electronics Corporation
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- NXP Semiconductors N.V.
Methodology
LOADING...
