Computer Engineering Market to hit the Trillion-Dollar Frontier by 2024, Automotive Sector to Prominently Drive the end-use Landscape

Computer Engineering Market

In 2016, Asia Pacific accounted of more than 50% computer engineering market owing to the presence of a large number of semiconductor industries. Several government and industrial bodies in the region are attempting to increase the competitiveness of the electronics manufacturing industry to attract foreign investments and meet the domestic demand. For instance, India’ s attractiveness for electronic manufacturers is growing owing to the presence of low-cost labor. Rise in manufacturing costs in countries such as Taiwan and China are convincing manufacturers to move their manufacturing base to other countries. In 2016, the average manufacturing labor in China was USD 3.5 per hour in comparison to India which was USD 0.9 per hour.

Major players operating in the computer engineering market include Synopsys, Inc., Xilinx, Inc. National Instruments Corporation, STMicroelectronics N.V., Cadence Design Systems, Inc., Intel Corporation, NVIDIA Corporation, Lattice Semiconductor Corporation, and Advantest Corporation, among others. The computer engineering market is characterized by moderate to high entry barriers, making it difficult for new players to gain a foothold in the industry as it comprises of several regional players and a few prominent brands. Vendors are facing strong rivalry and are required to invest heavily in the R&D activities to sustain in the market.

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Computer Engineering Market is expected to exceed USD 2.5 trillion by 2024. Factors such as rise in disposable income and growing population are driving the computer engineering market. Growing usage of high-end technology devices and decreasing electronics prices are leading to a rise in the consumption of electronic devices. In the IT & telecom industry, technological transitions, such as 4G/LTE networks and IoT, are majorly driving the adoption of electronic products. In addition, increasing safety, efficiency, and entertainment needs will provide an impetus to the automotive computer engineering market.

In the computer engineering market, server computers are anticipated to exhibit high growth and adoption over the forecast timeframe. Rise in demand for cloud storage and online services has given a rise to the number data centers globally. In 2016, the U.S. had more than 3 million installed data centers and the number of facilities is expected to rise gradually over the coming years. The rise will be fueled by migration from on-premise and small facilities run by internal IT teams to hyperscale data centers operated by colocation or large service providers. In addition, several data center manufacturers are developing and deploying innovative server solutions which reduce the energy consumption in these systems.

Semiconductors are being commonly used in the electronic devices such as PCs, smartphones, and tablets, and other smart products. These components can communicate with other devices through a growing network connected through IoT. They are the fundamental enabling technology of modern electronics, as the IoT devices require components such as memory, sensors, and microcontrollers to connect and perform their functions. Growing adoption of semiconductors and penetration of smartphones will propel the computer engineering market growth. The miniaturization of smart devices has further added to the growing demand for test and development solutions across several application areas.

Chapter 4    Computer Engineering Market, By Product Functionality

4.1    Computer engineering market share, by product functionality, 2016 & 2024

4.2    Personal computer

4.2.1    Market estimates, by region, 2013 – 2016

4.2.2    Market forecast, by region, 2017 – 2024

4.3    Server computer hardware

4.3.1    Market estimates, by region, 2013 – 2016

4.3.2    Market forecast, by region, 2017 – 2024

4.4    Supercomputers

4.4.1    Market estimates, by region, 2013 – 2016

4.4.2    Market forecast, by region, 2017 – 2024

4.5    Built-in computer

4.5.1    Market estimates, by region, 2013 – 2016

4.5.2    Market forecast, by region, 2017 – 2024

4.6    Mobile computer hardware

4.6.1    Market estimates, by region, 2013 – 2016

4.6.2    Market forecast, by region, 2017 – 2024

4.7    Microelectronic components

4.7.1    Market estimates, by region, 2013 – 2016

4.7.2    Market forecast, by region, 2017 – 2024

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