System on Module (SoM) Market to hit $5 Bn by 2032,
Selbyville, Delaware, December 21, 2022 (GLOBE NEWSWIRE) —
System on Module (SoM) Market is expected to exceed a valuation of USD 5 billion by 2032, according to the latest research report by Global Market Insights Inc.
The rapid digitization and the increasing electronic sales after the COVID-19 outbreak are important factors increasing the requirement for SOM modules. With the COVID-19 pandemic highlighting the importance of online connectivity, sales of consumer electronics through e-commerce platforms have soared. Thus, the need for embedded systems to combine hardware and software with fixed or programmable capability will increase 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 confidence in X86 SoM architecture
The system on module market value of the X86 architecture segment is expected to be worth USD 1 billion by 2032. This is due to the increasing technological innovation in embedded devices and the strong demand for power-efficient and small processors. X86 processors can help deliver activities concurrently through the use of a single set of instructions. In addition, the product is widely used in mid- and small-range servers, desktops and laptops to improve their performance and thus strengthen the production of these processors.
SMARC is becoming a key standard for embedded systems on module solutions
SMARC standard segment had more than 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 developed specifically for computers on ARM processor modules. SMARC SoM modules are also designed to demonstrate a turnkey architecture for AI-enabled HMI (human-machine interface) applications, including smart industrial control terminals. In addition, single-core configurations for low power consumption, extensive communication interface support, and other advantages will drive the adoption of SMARC systems.
Emphasis on patient satisfaction increases SoM use in medical applications
The system on module market of the medical application is poised to register more than 10% CAGR till 2032, due to the reliance of healthcare institutions on automated solutions to improve patient satisfaction. The medical sector has used embedded computing solutions to reduce instances of errors and limit the requirement for maintenance and monitoring. SoM manufacturers can address the need for safe and reliable medical solutions. The broad application scope of these modules in compact portable 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 the support of SoM services in Europe
The Europe system on module market is expected to witness 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 Strengthen 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 SpA, congatec AG., VIA Technologies, Inc., Unex Technology and Varicscite are some of the key players profiled in the report. These companies focus 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
3.1 Introduction
3.2 Impact of COVID-19
3.3 Russia-Ukraine war impact on System on Module (SoM) industry
3.4 Impact of China – US trade war
3.5 Industry Ecosystem Analysis
3.6 Overview of form factors/standards
3.7 Profit Margin Analysis
3.8 Technology and innovation landscape
3.9 Patent Analysis
3.10 Key initiative and news
3.11 Regulatory landscape
3.12 Industrial Impact Forces
3.12.1 Growth drivers
3.12.1.1 Booming embedded computing market
3.12.1.2 Growing demand for these modules for software defined radio (SDR)
3.12.1.3 Rapid development of autonomous cars in North America and Europe
3.12.1.4 Increasing utilization of IoT technologies worldwide
3.12.1.5 Increasing popularity of ARM processors in embedded systems
3.12.1.6 Spread of industrial automation around the world
3.12.1.7 High use of embedded computing and electronic solutions across various industries in MEA
3.12.1.8 Growing demand for miniaturized products
3.12.1.9 Increasing adoption in medical applications
3.12.2 Operational pitfalls and challenges
3.12.2.1 Increased system complexity in x86-based modules
3.13 Investment landscape
3.14 Analysis of growth potential
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, USA, is a global market research and consulting services provider offering syndicated and customized research reports along with growth consulting services. Our business intelligence and industry research reports provide clients with penetrating insights and actionable market data specially designed and presented to aid strategic decision-making. Designed using a proprietary research methodology, these comprehensive reports are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
