Global System on Module Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2027. System on Module Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global System on Module market and provides information regarding the revenue for the period 2021 to 2027.
A system on module (SoM) refers to a small, embedded computer that is plugged or soldered onto a carrier board. It is extensively used in the field of multi-media human-machine interface (HMI), robotics, automation, and communication, among others. SoM offers several advantages as it can be integrated into multiple computer applications, expedites a product’s time-to-market, and is time- and cost-efficient, which has played a vital role in industry expansion in recent years.
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The system on module market is projected to showcase robust expansion by 2027 primarily owing to mounting demand for high computing capabilities in varied applications. In addition, rapid digitalization across the globe is slated to foster market growth through the forecast period.
Moreover, companies have been adoption profitable strategies to extend their consumer reach across emerging marketplaces, thereby enhancing market dynamics. For instance, in September 2021, Arrow Electronics, a key provider of electronic components operating out of Colorado, U.S., inked an agreement with RBZ, a major SoM systems provider, for worldwide sales of RBZ’s SIMPLIA SoM series.
The system on module market from the others standard segment held a market share of approximately 5.0% in 2020 and is expected to grow at a considerable CAGR through the assessment timeframe. Rising demand for cost-effective and low-power SoM solutions in military and aerospace applications is set to boost segmental adoption in the coming years.
The SIMPLIA SoM solutions are available in a compact form factor, which allows them to provide a powerful processor, along with advanced HMI interfaces, wired and wireless IoT connectivity elements, and artificial intelligence (AI) systems. These solutions are compatible with each other, which makes their design scalable in performance as well as connectivity.
For comprehensive analysis, the system on module market has been categorized on the basis of product, standard, application, and region. In terms of standard, the market has further been bifurcated into SMARC, COMExpress, Qseven, and others.
From the application perspective, the system on module market has been segmented into industrial automation, entertainment, medical, test & measurement, transportation, and others. The transportation application segment is estimated to register substantial growth by 2027, delivering a CAGR of around 9% over the review period. Increasing focus on development and innovation for efficient logistics and freight management systems in the transportation sector is likely to bolster the growth of the segment over the following years.
Major players functioning in the system on module market include Avnet, Inc., AAEON Technology, Inc., Advantech Co., Ltd., Congatec AG, Eurotech, Inc., Kontron S&T AG, Microchip Technology, Inc., and others.
In the regional landscape, the Latin America system on module market accounted for more than 4.0% of the overall industry revenue in 2020 and is calculated to progress at a notable pace over 2021-2027. Favorable government measures to support the construction of 5G-enabled infrastructure in LATAM for fast communication interface is speculated to promote regional market growth over the forecast timeline.
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