The North America Embedded Computing Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $20,441.8 million by 2031. The Canada market is experiencing a CAGR of 10.4% during (2024 - 2031). Additionally, The Mexico market would 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.
Free Valuable Insights: The Embedded Computing Market is Predict to reach USD 81.9 Billion by 2031, at a CAGR of 8.8%
Based on Component, the market is segmented into Software and Hardware (Microcontroller (MCU), Microprocessor (MPU), Digital Signal Processor (DSP), and Other Hardware Type). Based on End User, the market is segmented into Consumer Electronics, Communications, Industrial, Automotive, Healthcare, Energy, and Other End User. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By End User
By Country
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