The global computer engineering market size was valued at USD 2412.17 billion in 2022 and is expected to surpass USD 3742.07 billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023–2031. The computer engineering is a division of engineering that incorporates a number of fields, such as electronics engineering and computer sciencethat are necessaryto develop computer software and hardware.
This engineering field not merely focuses on how a computer system works but also how they amalgamate into other industries. Computer engineers are concernedwith many software and hardwarefeatures of computing, such as designing of microprocessors, personal computers, individual microcontrollers, circuit design, and supercomputers.
Common tasks of the computer engineersinclude designing mixed signal circuit boards and operating systems, designing ofVLSI chips and analog sensors,and writing firmware and software used for rooted microcontrollers. They are also suitablefor tasks such as robotics research, which are dependentgreatly on usage of digital systems to monitor and control electrical systems akin to sensors, communications, and motors.
Market Trends, Drivers, Restraints, and Opportunities:
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Expansion in the field of cloud computing and Internet are key factors boosting the growth of computer engineering market globally.
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Increasing trend of miniaturization by bringing flexible mounting possibilities, integrating multiple functionalities, and smaller sizes into a single piece is estimated to fuel the growth of the market.
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Growing demand for smart sensors across the globe in diagnostics and monitoring applications are driving the market growth.
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The primary cost of setting up an electronics manufacturing plant is a major factor hindering the growth of the computer engineering market.
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Highly complex manufacturing processes of electronic devices with explicit conditions and obligations for producing equipment are restricting the growth of the market.
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Growing awareness and innovations about the new technologies in the field of computer engineering can create lucrative opportunities for the market in the projected period.
Scope of the report:
The report on computer engineering market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Computer Engineering Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 & 2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (Communication Systems, Industrial, Automotive, Consumer Computer Equipment, and Medicines), Product Types (Server Computer Hardware, Supercomputers, Microelectronic Components, Personal Computers, Built-in Computers, and Mobile Computer Hardware)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Computer Engineering Market Segment Insights:
Automotives segmentis projected to hold significant market share
In the terms of applications, thecomputer engineeringmarket can be segmented into communication systems, industrial, automotives, consumer computer equipment, and medicines. The automotives segment is projected to hold a significant market share owing to its safety and security systems, body electronics, and infotainment.
Moreover, growing demand for services; for instance, electronic manufacturing services and automated test apparatus is driving the segment growth.Additionally, in China, the demand for EVs and charging stations has led to the high demand for the microcontrollers, spurring the growth of the segment.
Mobile computer hardware segment to dominate the global market
On the basis of product types, the market can be segregated into server computer hardware, supercomputers, microelectronic components, personal computers, built-in computers, and mobile computer hardware.
The mobile computer hardware segment to dominate the global market due tothe growing use of smartphones and tablets, which has recognized to the availability ofinexpensive phones,development and innovation of new equipment, therefore have led to the robust growth in the market segment globally.
Asia Pacific is expected to grow at a substantial rate during the forecast period
Based on regions, the global computer engineering market can be fragmented into North America, Europe, Asia Pacific, Latin America, and theMiddle East & Africa.The market inAsia Pacific is expected to grow at a substantial rate during the forecast period owing to the existence of numerous semiconductor manufacturing companies in the region.
Furthermore, rising phone subscriptions in the region have boosted the growth in the market in the region. North America is estimated to account for a major market share due to presence of major IT companies in the US and Canada.
Segments
By Application
- Communication Systems
- Industrial
- Automotives
- Consumer Computer Equipment
- Medicines
By Product Types
- Server Computer Hardware
- Supercomputers
- Microelectronic Components
- Personal Computers
- Built-in Computers
- Mobile Computer Hardware
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Competitive Landscape
Key players in the global computer engineeringmarket includeXilinx, Inc., Averna Technologies, Inc., Teradyne, Inc., Synopsys, Inc., STMicroelectronics N.V., SolidCAM Ltd., Nvidia Corporation, and Intel Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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