Market Research Future Insights
According
to market research future insights analysis, the global system on module market is expected to register
a CAGR of ~ 8.3% from 2022 to 2030 and hold a value of
over ~ USD
5,103.8 Million by 2030.
The primary reasons driving the system's expansion on
module market will be the increased adoption of cutting-edge technologies, such
as the internet of things, across various end-use sectors. The demand for
system on modules will be further exacerbated by the rapid growth in data
volume and the increasing demand for software-defined radio (SDR). Additionally,
the main drivers of the system on module market's expansion are the growing
adoption of cloud-based technologies by small and medium-sized businesses, the
rising demand for advanced aerial imaging technology among different end-user
verticals, and the rising use of system on modules for a variety of
applications including industrial automation, medical, entertainment,
transportation, test and measurement, communication, and other areas. Other
factors supporting the growth of the system on module market include the rise
in demand for embedded devices and technologies in the medical industry, the
advancement of self-driving automobiles in developed economies, and the
proliferation of industrial automation processes. On the other hand, the system
on module market will, nevertheless, have growth restraints due to a lack of
competent labor or qualified knowledge. The system's growth rate on module
market will be further slowed down by system complexity in x86-based modules.
The high cost of the modules will also slow the market expansion rate.
System on Module Market Key Players
Some
key market players are
·
AAEON Technology Inc. (Taiwan)
·
Advantech Co. Ltd
(Taiwan)
·
Avnet Inc. (US)
·
Avalue Technology (Taiwan)
·
Axiomtek Co. Ltd (Taiwan)
·
Connect Tech Inc. (Canada)
·
Congatec AG (Germany)
·
EMAC Inc. (US)
·
Eurotech Inc. (US)
·
Microchip Technology Inc. (US)
·
National Instruments Corporation (US)
·
Phytic (Germany)
·
Kontron S&T AG
(Germany)
·
SECO S.p.An (Italy)
·
TechNexion Ltd. (Taiwan)
·
Toradex (Switzerland)
·
VIA Technologies Inc.
(Taiwan).
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Report Scope:
|
Report
Attribute/Metric |
Details |
|
Market
Size in 2030 |
USD
5,103.8 Million |
|
Growth rate: |
CAGR of 8.3%
(2022-2030) |
|
Forecast
Period |
2022-2030
|
|
Report
Coverage |
Revenue
Forecast, Competitive Landscape, Growth Factors, and Trends |
System on Module Market USP Covered
Regional Analysis
North
America dominated the market for system on module in 2021. The expansion of the
market is attributed to the region's numerous industries, including the medical
and manufacturing sectors, adopting new disruptive technologies like AI and IoT
at a rising rate. Additionally, system on modules is built into wearable
medical devices such as blood glucose monitors, Fitbit, optical heart rate
monitors, and pulse oximeters. The ongoing development of AI-based therapeutic
and diagnostic devices for a range of medical applications, including remote
patient monitoring and real-time diagnosis, will also support the market. The
government has taken variouus initiatives to encourage the use of AI and other
digital technology, which will aid in the market's growth in the years to come.
Asia
Pacific to register lucrative growth in the market for system on module because
there are more semiconductor producers and more people are utilizing new,
enhanced technology. Another factor boosting the market growth rate is the increasing
adoption of internet of things technologies. Additionally, the Asia Pacific
region's electronics manufacturing industry is being driven by the region's
plentiful supply of raw materials. The consumer electronics industry in the Asia
Pacific region, which is expanding rapidly, is driving up demand for efficient
electronic components, including boards, processors, SoMs, and SoCs, creating
substantial potential prospects for the market.
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Market Segmentation
The
global system on module market has been segmented into component, hardware
type, standard and application.
Based
on components, the system on module market has been segmented into hardware and
software. The hardware category accounted for the
largest share of the market in 2021. A ready-to-use, small form-factor
computing solution called a system on module (SoM) comprises
application-neutral hardware and software that can be used to build any
embedded product. On a single production-ready printed circuit board, the SOM
provides the essential elements of an embedded processing system, including
memory blocks, communication interfaces, and processor cores.
Based
on the hardware type, the system on module market has been segmented into ARM,
x86, power, FPGA, GPU and RISC-V. The ARM category accounted for the largest
revenue share in 2021 in the system on module market. The lower complexity
provided by ARM-based processors in comparison to x86 processors in various
boards and modules is credited with the growth. Due to their single-cycle
processing and constrained instruction sets, ARM is in high demand for various
consumer electronics products, including tablets, smartphones, multimedia
players, and other wearable devices, promoting industry growth.
Based
on the standard, the system on module market has been segmented into QSEVEN, COMExpress
and SMARC. The QSEVEN category accounted for the largest revenue share in 2021 in
the system on module market, influenced by the expanding use of this standard
in the production of nano & small SoM devices. It has a standardized form
factor of roughly 70mm by 40mm. It provides excellent performance, making it
the perfect option for applications with limited space, like mobile medical
devices, sophisticated industrial control systems, and home energy management
systems.
Based
on the application, the system on module market has been segmented into industrial
automation, entertainment, medical, transportation, test and measurement, video
application and others. The industrial automation category accounted for the
largest revenue share in 2021 in the system on module market. The growth in
acceptance of industrial robots for automation in various manufacturing
processes is credited with propelling the industry forward. The deployment of industrial
robots and other contemporary automated technologies, such as Programmable
Logic Controllers (PLC) and Human-Machine Interface (HMI), has increased due to
the trend toward smart factories, increasing industry demand.
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