According to data from the Ministry of Industry and Information Technology, in 2020, China’s software and information technology service enterprises achieved a cumulative software business revenue of 8.1 trillion yuan, a year-on-year increase of +13.3%. From 2013 to 2020, the compound annual growth rate (CAGR) of China’s software business was 15%, far exceeding the 9% CAGR of domestic GDP during the same period. In the same year, the revenue from embedded software in China reached 749.2 billion yuan, accounting for 9.2% of the entire industry.
CAGR of Domestic Software Business from 2013-2020: 15%
In 2020, Embedded Software Revenue: 749.2 Billion, Accounting for 9.2%
In terms of applications, embedded software is mainly used in industrial control, consumer electronics, communication equipment, security monitoring, automotive electronics, information appliances, military electronics, medical devices, e-commerce, and aviation navigation. Among these, the industrial control sector has the largest application, accounting for 25%. Additionally, in 2020, the military electronics sector accounted for 5%, and in the future, with the continuous development of the military industry, the market share of military embedded products is expected to further expand.
Embedded Software Application Distribution: Industrial Control 25%, Military Electronics 5%
The national policy strongly supports the development of the embedded computer industry.
Embedded software is an important indicator of advancements in microelectronics technology. To promote the rapid development of China’s embedded computer and embedded software industries, the government has introduced a series of policies to support important strategic emerging industries.
Global Embedded Systems Market from 2015-2025: Expected CAGR of 7% over the next five years (Unit: USD Growth: %)
In recent years, the State Council and various ministries have successively issued and implemented industry policies and plans, making the embedded computer industry one of China’s key development industries. The research and application of embedded computers have become a new growth point for the national economy.
In 2020, the market size of China’s embedded computer industry was 644.6 billion yuan. From 2021 to 2025, the CAGR of China’s embedded systems market is expected to reach 21%. In the future, with the continuous acceleration of China’s modernization process and the arrival of the Internet of Things era, embedded technology will be more widely applied in downstream fields, and the market size is expected to increase year-on-year.
China’s Embedded Systems Market from 2015-2025: Expected CAGR of 21% over the next five years (Unit: Billion Growth: %)
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