Computer Engineering Market Analysis

Computer Engineering Market Analysis

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.
 

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.
 

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.