Trusted Business Insights presents the Updated and Latest Study on Computer Engineering Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
Abstract, Snapshot, Market Analysis & Market Definition: Computer Engineering Market
Industry / Sector Trends
Computer Engineering Market size was valued at around USD 1,800 billion in 2016 and will grow at a CAGR of around 5% from 2017 to 2024.
Market Segmentation, Outlook & Regional Insights: Computer Engineering Market
Computer Engineering Market, By Product Functionality, 2016 & 2024 (USD Billion)
Growth in the field of internet and cloud computing is a major factor driving the computer engineering market. Increase in usage of electronic products in automotive, industrial, medical, and consumer industries has created a connected landscape for smart devices. Several software applications are being developed by developers to expand the potential of the connected devices. These developments have been fueled by innovations in the software and semiconductor industries. Several manufacturers are combining several components such as ICs, embedded software, custom logic, memory, and processor into a single System-on-Chip (SoC), which is necessitating highly complex chip designs which is a common trend in the industry.
Several semiconductor manufacturers are largely adopting the trend of miniaturization by delivering smaller sizes, flexible mounting possibilities, and integrating multiple functionalities into a single set. In some scenarios, this has enabled the semiconductors to be utilized in applications, where they were not used before, such as surgical devices and smart fitness products. The medicine industry is a promising application for the computer engineering market owing to the growing usage of medical implants in advanced medical therapies. These implants are helpful to detect several chronic conditions and can be safely charged, which is opening several new prospects for the segment. In addition, the semiconductor technology is providing healthcare consumers the ability to extend the lifetime of an implant as the battery can be wirelessly recharged, and can eliminate the need for battery in some conditions, thereby driving demand for the computer engineering market.
The manufacturing process of electronic devices is a highly complex activity with specific requirements and conditions for manufacturing an equipment. The initial cost of setting up an electronics manufacturing plant is a major factor hindering the growth of the computer engineering market. Moreover, a key challenge in the industry is the availability of counterfeit electronic devices and products. Since the last few years, several lookalike products have been swamping the industry, thereby seizing the industry share of leading vendors.
Computer Engineering Market, By Product Functionality
Mobile computer hardware is anticipated to exhibit the highest growth, owing to the increasing usage of smartphones and tablets. Asia Pacific contributed the largest share in the computer engineering market owing to rising phone subscriptions in the region. It had more than 4 billion subscribers in 2016. Rise in the number of smartphones and mobiles has attributed to development of new technologies, availability of low price handsets, and low voice calling tariff with substantial investment in construction of the telecom infrastructure by the mobile operators. In the communications industry, technological transitions, such as the IoT and the rollout of 4G/ LTE networks, is providing an impetus to the mobile computer adoption.
Computer Engineering Market, By Application
Automotive applications of computer engineering include infotainment, body electronics, and safety and security systems. Increasing demand for solutions such as automated test equipment and electronic manufacturing services will drive the computer engineering market. In certain regions such as China the demand for EVs and charging stations has led to the high demand for the microcontrollers. The U.S. provides tax credits of USD 2,000 to USD 7,500 per new EV purchased in the country. The provision of financial aid is anticipated to lower the up-front costs of plug-in EVs. Among various applications, the automotive sector is the highest revenue generation market. For instance, in 2016, ON Semiconductors reported that 34% of their revenue is generated through automotive applications. In addition, various trends such as usage of smart sensors in connected car systems is further driving the demand for efficient products in the computer engineering market.
Computer Engineering Market, By Region
Asia Pacific computer engineering market will witness considerable growth over the forecast timespan, owing to the presence of several semiconductor manufacturing companies. The government and industry bodies are attempting to increase the competitiveness of the electronics system design & manufacturing (ESDM) industry to meet the domestic demand and attract foreign investments. Moreover, the regional attractiveness for manufacturers is rising owing to the availability of low-cost labor in countries such as India, Indonesia and Thailand. The rise in manufacturing costs in Taiwan and China, has compelled the ESDM industry to shift their industrial base to alternative countries. In 2016, the average labor cost per hour for manufacturing electronics in India was around USD 1 as compared to USD 3.5 in China which is proving to be beneficial for the India computer engineering market.
Key Players, Recent Developments & Sector Viewpoints: Computer Engineering Market
Major players operating in the computer engineering market include designing, developing/manufacturing and testing providers. Some of the major companies involved in this market are Xilinx, Inc., Averna Technologies, Inc., Teradyne, Inc., Synopsys, Inc., STMicroelectronics N.V., SolidCAM Ltd., Nvidia Corporation, Intel Corporation, National Instruments Corporation, Lattice Semiconductor Corporation, Marvin Test Solutions, Inc., Cadence Design Systems, Inc., and Advantest Corporation among others. Vendors operating in the computer engineering market are facing intense rivalry with companies competing based on brand, quality, technology, price, distribution, and service. Companies are also entering into collaborations for the development of new technologies.
Computer Engineering Industry Viewpoint
The computer engineering market is highly fragmented in nature with presence of several manufactures and system developers. Players are adopting several strategies such as collaborations, agreements, partnerships, and mergers & acquisitions (M&A). A major trend amongst the ESDM providers is the subcontracting or outsourcing of the electronic manufacturing processes to other third-party companies. By undertaking this initiative, manufactures can focus on quality improvement, end-to-end designing, development, testing solutions and vital resources, such as monetary bonds, and skilled labour, to lessen the high variable and capital
What are the Key Insights Covered: Exhaustive Computer Engineering Market
1. Market size (sales, revenue and growth rate) of Computer Engineering industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Computer Engineering industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Computer Engineering industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Computer Engineering industry.
Research Methodology: Computer Engineering Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
Quick Read Table of Contents of this Report @ WorldWide Computer Engineering Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025
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