System on Module (SoM) Market to hit $5 Bn by 2032, Predicts Global Market Insights Inc.
Leading system on module market participants include Advantech Co., Ltd., Kontron S&T AG, AAEON Technology, Inc., Avalue Technology Inc., Digi International, Inc., Connect Tech, Inc., EMAC, Inc, iWave Systems Technologies Pvt. Ltd, Eurotech, Inc., National Instruments Corporation among others.
Selbyville, Delaware, Dec. 21, 2022 (GLOBE NEWSWIRE) —
System on Module (SoM) Market is expected to cross a valuation of USD 5 billion by 2032, according to the latest research report by Global Market Insights Inc.
The rapid digitalization and the mounting electronics sales following the COVID-19 outbreak are major factors augmenting the requirement for SOM modules. With the COVID-19 pandemic highlighting the significance of online connectivity, sales of consumer electronics through e-commerce platforms have surged. The need for embedded systems to combine hardware and software with fixed or programmable capability will therefore rise for handling electronic device-specific functions. Furthermore, the reliance on cognitive computing and robotics will broaden the scope of SOM system development.
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Strong demand for efficient and small processors fuels reliance on X86 SoM architecture
The system on module market value from the X86 architecture segment is anticipated to be worth USD 1 billion by 2032. This is on account of the rising technological innovation in embedded devices and the robust demand for power-efficient and small-sized processors. X86 processors can help deliver activities simultaneously through the utilization of a single set of instructions. Additionally, the product is extensively used in mid and small-range servers, desktop computers, and laptops to improve their performances, thereby amplifying the production of these processors.
SMARC to become a key standard for embedded systems on module solutions
SMARC standard segment held over 15% market share in 2022. The popularity of the SMARC standard is attributed to the product’s applicability in both high-end computing and portable low-power applications. This standard was specifically developed for computers on ARM processor modules. SMARC SoM modules have also been designed to demonstrate a turn-key architecture for AI-enabled HMI (human-machine interface) applications, including smart industrial control terminals. Moreover, single-core configurations for low power consumption, extensive communications interface support, and other benefits will drive adoption of SMARC systems.
Emphasis on patient satisfaction escalates SoM use in medical applications
The system on module market from the medical application is poised to register over 10% CAGR through 2032, as a result of the dependence of healthcare institutions on automated solutions to improve patient satisfaction. The medical sector has been leveraging embedded computing solutions to reduce instances of errors and limit the requirement for maintenance and monitoring. SoM manufacturers can address the need for secure and reliable medical solutions. The broad application scope of these modules in compact wearable devices, ultrasonic diagnostic devices, and other healthcare solutions will further contribute to product consumption in the medical sector.
Robust traffic control system network to accelerate espousal of SoM services in Europe
The Europe system on module market is projected to observe 15% growth during 2023 to 2032. The high penetration of security and surveillance systems in the transportation and automotive sectors is one of the prominent drivers for SoM module demand. In countries such as Denmark, France, Italy, and Germany, the requirement of traffic control systems has also accelerated. These factors will stimulate the development of SoM systems for smart traffic management applications, creating a favorable environment for regional business growth.
Advanced product launch strategies to bolster SoM industry outlook
Advantech Co., Ltd., Kontron S&T AG, AAEON Technology, Inc., Avalue Technology Inc., Axiomtek Co., Ltd., Avnet, Inc, Digi International, Inc., Connect Tech, Inc., Microchip Technology, Inc., Phytec, SECO S.p.A, congatec AG., VIA Technologies, Inc., Unex Technology, and Varicscite are among the key players profiled in the report. These companies are focusing on advanced product launches and other strategies to increase their presence in the competitive landscape.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 System on Module (SoM) industry 3600 synopsis, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Product trends
2.5 Standard trends
2.6 Application trends
Chapter 3 System on Module (SoM) Market Industry Insights
3.2 Impact of COVID-19
3.3 Russia- Ukraine war impact on System on Module (SoM) industry
3.4 Impact of China – U.S. trade war
3.5 Industry ecosystem analysis
3.6 Overview of form factors/ standards
3.7 Profit margin analysis
3.8 Technology & innovation landscape
3.9 Patent analysis
3.10 Key initiative and news
3.11 Regulatory landscape
3.12 Industry impact forces
3.12.1 Growth drivers
188.8.131.52 Flourishing embedded computing market
184.108.40.206 Growing demand for these modules for Software Defined Radio (SDR)
220.127.116.11 Rapid development of autonomous cars in North America and Europe
18.104.22.168 Growing utilization of IoT technologies globally
22.214.171.124 Rising popularity of ARM processors in embedded systems
126.96.36.199 Proliferation of industrial automation around the globe
188.8.131.52 High usage of embedded computing & electronic solutions across various industries in MEA
184.108.40.206 Growing demand for miniaturized products
220.127.116.11 Rising adoption in medical applications
3.12.2 Industry pitfalls & challenges
18.104.22.168 Increased system complexity in x86-based modules
3.13 Investment landscape
3.14 Growth potential analysis
3.15 Porter’s analysis
3.16 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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