Computer Engineering Market: Future Growth Opportunities By 2024

Computer Engineering Market: Future Growth Opportunities By 2024

The computer engineering market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

With pioneering connectivity technologies unlocking potentials in the IoT value chain, computer engineering market penetration is aptly bringing a revolutionary transformation across myriad end-use domains lately. Contemplating on the lucrative opportunities of IoT, numerous data center companies are integrating FPGAs (Field Programmable Gate Arrays) in their operational facilities to outsource computationally intensive workloads. These devices, once reconfigured after manufacturing, are extensively deployed across sectors like automotive, aerospace, military, and industrial sectors. Perhaps driven by the fact that the application horizon of these cutting-edge technologies is practically expanding day by day, it is undeniable that industry demand is on a robust incline.

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Embarking on a barrage of technological advancements such as memory blocks, fast IO, and large gate array-based FPGAs, the profitability quotient of the overall business space is indeed undergoing a turnaround of sorts. In this regard, the emergence of hyper scale data center, primarily based on densely packaged servers, is claimed to bring a disruptive trend in the overall computer engineering market outlook. The shrinking form factor of these aforementioned data centers is driving the demand for FPGA deployment on a large scale, which by extension is set to impel industry share. Another pivotal factor that has played its cards in proliferating the industry trends is the development of nanoscale electronic devices. Modern day’s tremendous advancements in the field of nanotechnology have brought exceptional proceeds in ubiquitous computing self-organizing network systems.

Unsurprisingly, the end-use landscape of computer engineering market is claimed to be versatile and humongous, given the fact that IoT has practically encompassed every object under its canopy. As per reliable estimates- economic impact of the Internet of Things is expected to reach almost USD 3 trillion to USD 11 trillion by 2025. This, in extension would prompt computer engineering market players to come up with innovative high-end products that simultaneously deliver quick operation as well as holistic intelligence. The automotive sector, undeniably, evolved as a pivotal application domain for the overall business space, given the increasing deployment of infotainment, safety and security systems, smart sensors, and body electronics in connected car systems. In this regard, ON Semiconductors, the U.S. based Fortune 1000 market giant reported- in the year before last, 34% of the company’s overall revenue was generated from automotive application.

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Given that the competitive spectrum of computer engineering market is moderately fragmented, leading manufacturers have been vying with one another to secure their presence in the strategic landscape. On this ground, market has been witnessing a slew of mergers and acquisitions over the recent years, where organizations work conjointly on improvising their product portfolios. Say for instance, Infineon Technologies, apparently, had announced the acquisition of Wolfspeed in a deal of USD 850 million, with an aim to exploit the latter’s extensive offering in compound semiconductor systems including the likes of Sic (silicon carbide), GaN-on-Si (gallium nitride on silicon) and GaN-on-SiC (gallium nitride on silicon carbide).

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