The system on module market size has witnessed considerable development in the last few years, driven by the constant technological advancements in embedded systems along with the increasing demand for power-efficient yet compact products. Essentially, the product is a fully- featured board computer that comprises a single microprocessor, input-output controller, RAM, and other components, and has mainly been designed for integration into embedded applications.
Along similar lines, the increasing adoption of SoM technology can be seen across IoT offerings for advanced SoC and memory, reduced error risk, as well as, optimized product development cost. Many government initiatives, globally, such as the smart city projects have supported the deployment of IoT, further boosting the demand for SoM.
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The surging adoption of smart factories at the global level has been instrumental in advancing growth opportunities in the system on module market over the projected period. Smaller footprint coupled with high energy efficiency has been further responsible for increasing SoM adoption in industrial robots and the human-machine interface.
Growth in the adoption of artificial intelligence in the medical industry is helping in real-time management as well as in the optimization of results with high accuracy. These embedded systems are extensively used in monitoring blood pressure, respiratory systems, and wearable devices.
The medical industry segment accounted for a substantial share of over 15 per cent in 2019 and is poised to grow at a commendable CAGR of more than 8 per cent through the analysis period. The surging demand for wireless, miniaturized, and portable technologies in the medical sector, comprising surgical implements and wearable fabrics, is further likely to stimulate revenue growth over the forecasted span.
The use of processors with power architecture helps in improving performance, accelerates integration capability, and offers effective hardware/software compatibility. These features are expected to augment the demand for power architecture system on boards in industrial and networking applications comprising embedded networking equipment and general embedded solutions.
The power architecture segment is estimated to exhibit a lucrative CAGR of more than 3 per cent over the anticipated period.
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Regionally speaking, Europe has emerged as a prominent system on module market over the years due to the regional development in the automobile industry. Moreover, the emergence of autonomous vehicles has magnified the growth prospects of the market over time. As per the European Patent Office, the total number of registered patent applications across Europe with regards to autonomous vehicles was growing 20 times faster when compared to other technologies.
Prominent system on module market manufacturers comprises Advantech Co., Ltd., Eurotech, Inc., VIA Technologies, Digi International, Inc., Kontron S&T AG, and others.
Major Key Points from Table of Content:
Chapter 5 System on Module Market, By Product
5.1 Key trends, by product
5.2 ARM architecture
5.2.1 Market estimates and forecast, 2015 - 2026
5.3 x86 architecture
5.3.1 Market estimates and forecast, 2015 - 2026
5.4 Power architecture
5.4.1 Market estimates and forecast, 2015 - 2026
Chapter 6 System on Module Market, By Standard
6.1 Key trends, by standard
6.2.1 Market estimates and forecast, 2015 - 2026
6.3.1 Market estimates and forecast, 2015 - 2026
6.4.1 Market estimates and forecast, 2015 - 2026
6.5.1 Market estimates and forecast, 2015 - 2026
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