Computer Engineering Market size was USD 2.74 trillion in 2024 and is estimated to reach USD 5.51 trillion by the end of 2037, expanding at a CAGR of 5.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of computer engineering is evaluated at USD 2.89 trillion.
Worldwide, governments’ investments in technological innovations and digital transformation are anticipated to fuel the computer engineering market growth. The public sector’s investments in AI research, advanced communication networks such as 5G and 6G, smart city projects, and quantum computing are set to boost the adoption of next-gen computers in the coming years. The spending on digital transformation technologies and services is anticipated to increase from USD 2.5 trillion in 2024 to USD 3.9 trillion by 2027. The report by the World Bank revealed that the share of firms investing in digital solutions quadrupled (13.3% to 53.3% between 2020 to 2022) in East Asia and Pacific.
The expansion of the consumer electronics sector, especially owing to gaming and content creation is propelling the sales of computer-enabled solutions. The growing adoption of high-performance gaming consoles, VR/AR devices, and advanced computers is pushing the sales of high-tech hardware components such as processors, graphic cards, and memory solutions. Expanding at a CAGR of 33.2%, the graphics processing unit market is projected to reach USD 274.2 billion by 2029. The revenue from the gaming PCs and laptops market and the gaming hardware market was estimated at USD 52.0 billion and 107.0 billion in 2024, respectively.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.5% |
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Base Year Market Size (2024) |
USD 2.74 trillion |
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Forecast Year Market Size (2037) |
USD 5.51 trillion |
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Regional Scope |
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Product Type (Personal Computers, Supercomputers, Mobile Computer Hardware, Server Computer Hardware, Built-in Computers, Microelectronic Components, Others)
The personal computer segment is anticipated to hold a dominating computer engineering market share throughout the forecast period. The rise in the remote and hybrid work models is significantly augmenting the sales of personal computers. For instance, in September 2022, the U.S. Census Bureau revealed that the number of individuals working from home tripled (5.7% to 17.9%) in 2021 from 2019. Technology employees hold a 67.0% share of the global remotely working employees. The hike in online education platforms is also driving the use of personal computers as a primary tool for students and teachers. The majority of schools and universities have adopted the digital learning environment, leading to the high usage of personal computers. The online learning platform user penetration is expected to grow from 13.5% in 2024 to 16.7% by 2029.
Application (Automotive, Communication Systems, Industrial, Medicine, Consumer Computer Equipment, Others)
By 2037, automotive segment is estimated to capture computer engineering market share of over 33.1%. The rising innovations in the production of autonomous vehicles which are heavily dependent on complex computer systems, are contributing to the overall market growth. Advanced algorithms, sensors, machine learning, and real-time processing are vital to making effective decisions and ensuring safety in autonomous vehicles. The continuous investments of automobile manufacturers in installing advanced driving and assisting technologies are propelling the sales of specialized hardware and software solutions. For instance, increasing at a CAGR of 11.5%, the global in-vehicle computer system market is foreseen to reach USD 2.89 billion by 2036. Thus, advancements in the automotive manufacturing processes are set to augment the demand for advanced computer engineering technologies in the coming years.
Our in-depth analysis of the global computer engineering market includes the following segments:
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Product Type |
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Application |
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North America Market Forecast
By the end of 2037, North America computer engineering market is set to hold over 46% revenue share. The swift adoption of digital technologies in the manufacturing sector, the rapid expansion of the automotive sector, and the use of supercomputers in drug development are all collectively propelling the computer engineering market growth. The growing use of advanced software and hardware technologies in the end use industries is creating huge job opportunities for computer engineers in the region.
In the U.S., the growing demand for cybersecurity professionals, rise in the tech start-ups, and innovations in the development of digital technologies are fueling the sales of software and hardware components. Furthermore, the growing trend towards next-gen computing, 5G & 6G infrastructure, and autonomous systems is increasing the need for skilled computer engineers. For instance, according to the U.S. Bureau of Labor Statistics, the employment of computer hardware engineers is set to increase at a growth rate of 7.0% from 2023 to 2033, with 84,100 job vacancies in 2023.
In Canada, the government is proactively supporting the tech industry's growth through grants, incentives, schemes, and initiatives such as the Innovation, Science, and Economic Development Canada program. These efforts are significantly funding research and fostering innovations in the fields of AI, communication networks, and IoT leading to high job opportunities for computer engineers. Alberta, British Columbia, and Manitoba offer good job prospects for computer engineers, contributing to the overall computer engineering market growth.
Asia Pacific Market Statistics
The Asia Pacific computer engineering market is anticipated to increase at the fastest pace during the study period. The rapid digital transformation, adoption of smart manufacturing technologies, and growth in the IT sector are augmenting the demand for advanced hardware and software solutions. Supportive government policies and initiatives toward the expansion of the digital economy are further driving the sales of next-gen computers and components. The high-earning marketplaces for key players are India, China, South Korea, and Japan.
In India, the rapidly expanding IT sector is significantly propelling the computer engineering market growth. According to the India Brand Equity Foundation (IBEF) report, in 2022, TCS, Wipro, and Infosys offered an estimated 1.05 lakh job opportunities. This underscores the high demand for software and hardware technologies in the country. The IT and business services market is calculated at USD 19.93 billion in 2025. The country’s IT spending recorded a double-digit growth of 11.1% in 2024. The IT sector also recorded 7.5% of the country’s GDP in 2023. The healthy rise in the IT sector is set to directly augment the sales of computers and components.
In China, the continuous adoption of advanced technologies in manufacturing facilities is set to fuel the computer engineering market growth in the foreseeable future. The country’s increasing advancements in digital technologies particularly AI is fueling the sales of advanced computers. The government’s increasing focus on advancing the digital economy is also contributing to the overall market growth. For instance, in 2022, the country’s digital economy totaled USD 6.99 trillion.
Key players in the computer engineering market are employing several organic and inorganic marketing tactics to earn high profits. Technological innovations and new product launches are aiding industry giants to attract a wider customer base. They are also collaborating with other players and tech companies to develop next-gen computers and components. By adopting mergers & acquisition tactics the companies are able to expand their product offerings with minimum capital expenditures. Furthermore, the global expansion strategies are helping key players to tap into emerging markets and maximize their revenue shares.
Some of the key players include:
Author Credits: Abhishek Verma
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