The single board computer market is expected to grow at a steady pace by 2025 backed by technological advancements in the semiconductor industry and increasing application in various end-use sectors. SBCs compose of several features like compact size, lightweight and more energy-efficiency when compared to multi-board computers.
It has all the main elements of a complete computer and is condensed inside a single circuit board. Given to being well integrated and compact, SBCs have low production cost and are in high demand across various sectors.
Fueled by robust demand, single board computer manufacturers are developing new product having advanced features. In 2020, key technology company, Nvidia launched the new affordable Jetson Nano 2GB single board computer that is ideal for building, learning and teaching robotics and Artificial Intelligence. Based on such developments, the market is likely to surpass USD 1 billion by 2025.
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According to a Future Generation Computer Systems report by a group of prominent UK universities, SBCs have now become powerful enough that they can, without a hitch, run a standard operating system as well as mainstream workloads. Moreover, several such boards can be linked together to construct small-sized low-cost clusters that are capable of replicating the features of large data centers.
This capability can be implemented to enable new edge & fog computing applications, allowing the single board computer market to accumulate significant proceeds in the years to come. In fact, according to a 2018 Microsoft Research report, more than 40% of large enterprises across the world are expected to integrate the edge computing principles into their respective projects by 2021, an adoption rate that is considerably higher than the 1% back in 2017.
The healthcare IT industry, an extremely dynamic, multifaceted business space, upholds the opportunity to influence the patient care, delivery, cost as well as the efficiency of the global healthcare market. Indeed, the healthcare IT sector is characterized by an array of products & services that are designed to enhance & coordinate patient care, acknowledge rising health costs and oppose, through technology, the long-term burden created by disease. This has consequently led to this industry witnessing an increased rate of adoption of advanced semiconductors which is creating significant growth opportunities for the single board computer market.
The prominent features of SBCs like reliability, power & versatility make them ideal for use across medical-monitoring systems, fault-tolerant wearable computers and medical electronic devices, thereby propelling single board computer market growth from the medical applications.
The International Trade Administration estimates that by 2020, medical device manufacturing companies would be increasing their research & development (R&D) budgets by as much as 3% while the rest of the sector would be raising their spending limits on these elements by over 5%, thereby lending support to the growth of the global market.
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The North America single board computer market is proving to be an appealing business ground for manufacturers owing to implementation of the components in defense and manufacturing sectors. A well-established IoT infrastructure in the region is one of the reasons for continuous demand for single board computers.
Companies like Qualcomm Technologies, NXP Semiconductors, ADI Engineering, Intel Corporation, Texas Instruments, Advantech Co., Ltd., ARM, Broadcom, Connect Tech, Inc., NVIDIA, and Xilinx, among the key players operating in the North America single board computer market.
Major Key Points from Table of Content:
Chapter 6. Single Board Computer Market, By End-use
6.1. Key trends by end-use
6.2. Industrial automation
6.2.1. Market estimates and forecast, 2015 - 2025
6.3. Aerospace & defense
6.3.1. Market estimates and forecast, 2015 - 2025
6.4.1. Market estimates and forecast, 2015 – 2025
6.5.1. Market estimates and forecast, 2015 - 2025
6.6.1. Market estimates and forecast, 2015 – 2025
6.7.1. Market estimates and forecast, 2015 – 2025
Chapter 7. Single Board Computer Market, By Application
7.1. Key trends by application
7.2. Test & measurement
7.2.1. Market estimates and forecast, 2015 - 2025
7.3.1. Market estimates and forecast, 2015 - 2025
7.4. Data processing
7.4.1. Market estimates and forecast, 2015 – 2025
7.5.1. Market estimates and forecast, 2015 - 2025
7.6.1. Market estimates and forecast, 2015 - 2025
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