System on Module Market Analysis, Segmentation and Trends

Posted 2023-02-01 01:36:56

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System on Module Market Size and Overview

System on a module (SOM) is a circuit that encompasses a variety of functions on a single chip. It has applications in drones, industrial-human machine interface, automation, deep learning, and ebook readers. The global system on module market report by Market Research Future (MRFR) provides approximate projections on revenue and growth for the forecast period (2022-2030) using market drivers and hurdles. The COVID-19 pandemic and its impact on the industry are explained in a comprehensive language.

System on Module Market Competitive Analysis

Avnet, Inc., Eurotech, Inc., Avalue Technology, EMAC, Inc., VIA Technologies, Inc., Connect Tech, Inc., Congatec AG, Toradex, Phytic, Kontron S&T AG, SECO S.p.A, Axiomtek Co., Ltd, National Instruments Corporation, Microchip Technology, Inc., TechNexion Ltd, Advantech Co., Ltd, and AAEON Technology, Inc. are key players in the global system on module market.

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System on Module Market Scope

The global The global System on Module Market market is estimated to register a CAGR of over 8.3% to reach USD 5,103.8 Million by the end of 2030. Opportunities in automation and digital transformation of factories can disrupt the market. Recently, the DeviceEdge Mini leverages the power of the NVIDIA Jetson platform through a SOM chip. The chip can build AI applications on a massive scale.

But complexities in x86 processors can limit market growth.

System on Module Market COVID-19 Impact

The COVID-19 pandemic has had a neutral impact on the SOM market. The delay in production of wireless and portable devices can hinder the market growth. But the use of SOM in portable devices for detecting the presence of COVID-19 and other diseases has bolstered the market prospects. Recently, researchers at CSAIL have designed a wireless device capable of providing remote assistance to patients. Demand for advanced robots can boost market value.

System on Module Market Segmentation

On the basis of type, the system on module (SoM) market is segmented into arm architecture, X86 architecture, and power architecture.

The X86 architecture is dominating the market and the ARM architecture is the highest growing sub-segment in the market. The ARM architecture growth is majorly driven by its low complexity compared to x86 processors, accelerating the adoption of ARM-based processors in various boards and modules. The demand for ARM processors in SoM is continuously increasing owing to their single cycle computing. Acorn RISC Machine (ARM) is a family of reduced instruction set computing (RISC) architectures for computer processors, configured for various environments. ARM processors are desirable for light, portable, battery-powered devices, including smartphones, laptops, and tablet computers, as well as other embedded systems. Some of the leading manufacturers of ARM-based systems on chips are Congatec AG, Digi International, and Kontron.

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System on Module Market Regional Analysis

Asia-Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW) are major regions covered in respect to the prospects of the system on module market.

APAC is expected to capture a major market share owing to uptick in sales of wearable devices and penetration of IoT in regular lives of consumers. Rise of industrial automation and penetration of industrial robots in the manufacturing sector can drive regional market growth. The goal of high productive levels across industries coupled with utilization of system on module for communicating with multiple gateways can favor the demand in the region.