The surge in demand for portable and wireless devices To Drive The Global System on Module Market :

Market Research Future (MRFR) will be publishing a cooked research report on the “Global System on Module Market” that contains information from 2018 to 2030. 

MRFR recognizes the following companies as the key players in the global System on Module market: AAEON Technology (Taiwan), Advantech Co Ltd (Taiwan), Avnet Inc (US), Avalue Technology (Taiwan), Axiomtek Co Ltd (Taiwan), ConnectTech Inc (Canada), Cognatec AG (Germany), EMAC Inc (US), Eurotech Inc (Italy), Kontron ST&G (Germany), Microchip Technology (US), National Instruments (US), Phytec, SECO spA (Germany), TechNexion Ltd (Taiwan), Toradex (Switzerland) and VIV Technologies Inc (Taiwan).

System on Module

Market Highlights

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.

Advanced robotics comprising compact & highly powerful embedded systems are in high demand. Thus, the adoption of Industry 4.0 and the growing demand for advanced robotics is expected to enhance the market's growth in the coming future. However, system complexity in x86-based modules of SoM is hampering the growth of the System on Module Market.

The shift from developing processors for desktop computers, cell phones, and tablets to embedded, application-specific processors to achieve optimum performance has resulted in costly development programs. The increasing miniaturization of the system on module has resulted in optimum space and functionality, which is key requirements in portable and wireless devices. System on modules work on low power and offer balanced performance and, therefore, can be used in multiple handheld and portable devices. This allows developers to choose the platform best suited to their application needs. Developers can write application software on the same hardware that will be used in their final product. Thus, the surge in the demand for portable and wireless devices is expected to drive the growth of the global system on module market during the forecast period.

Browse Full Report@

COVID-19 Impact Analysis

Various components are essential in assembling semiconductor devices. However, the global pandemic has induced a steep decline in the demand for the components, especially in economies with complete lockdowns. Moreover, the ongoing trade war between the US and China has already disturbed the US tech industry, which has been further triggered by the novel coronavirus outbreak. All the chip manufacturers and other component providers are mostly affected by restrictions on the import and export of components. Additionally, for chipmakers, the impact is severe due to labor shortages, testing plants in China, and several packages. This has created a challenging environment for various chip-making companies. Various small and medium-sized chip manufacturers face the problem of being unable to get sufficient production capacity from package suppliers. If this production holds up and continues for an extended period, these chip companies may face bankruptcy or acquisitions. However, as many economies are expected to resume economic activities by June, the demand for semiconductor components is expected to gradually resume the average growth rate by the end of 2020 or early 2021.

System on Module Market Segment Analysis

The global System on Module Market market has been segmented on the basis of type, standard, application, and region.

The global System on Module Market market, based on type, has been segmented into Arm Architecture, X86 Architecture, and Power Architecture.

The global System on Module Market market, based on standards, has been segmented into COM Express, SMARC, QSeven, ETX/XTX, Com-Hpc, and Others.

The global System on Module Market market, based on application, has been segmented into Industrial Automation, Medical, Entertainment, Transportation, Test and Measurement, and Others.

Key Findings of the Study:

  • The global System on Module market is projected to reach a value of USD 5,103.8 million by 2030, with a CAGR of around 8.3 % during the forecast period from 2022 to 2030.

  • North America accounted for the largest market share in 2021. The increasing uptake of wearable healthcare devices across developed economies is fueling the market. In addition, the rising penetration of IoT technology in North America will further accelerate market growth. According to the GSM Association, North America accounted for 2.8 billion IoT connections in 2019, which is projected to surpass the 5.4 billion mark by 2025. Surging IoT-based devices in the region will further amplify the adoption of the system on modules. GSM Association is an industry organization that represents the interests of mobile network operators worldwide.

  • Europe is expected to be the second-largest market in 2021. Europe is experiencing rapid growth owing to increasing development in connected cars and self-driving vehicles in the region. According to a November 2020 press release by the European Patent Office, the number of patent applications related to autonomous vehicles has grown 20 times faster than other technologies in Europe. This will help to increase the demand for ADAS, advanced telematics, and vehicle-to-everything (V2X) communication systems for autonomous vehicles in the region. These advanced systems are equipped with systems on module devices, providing opportunities for the market to grow. Additionally, surging demand for smart traffic management in the Europe transportation sector will further fuel the market.

  • US is among the top contributors in the fuel cards market. The presence of various companies such as Atmel Corporation, Intel Corporation, and Texas Instruments are contributing to the growth of the market by providing various systems to different industries to perform the task associated with their applications. Also, the rising urbanization and demand for smart appliances, and the presence of large-scale industries in the region are some of the major factors driving the market in the region.

  • Adoption of systems on modules in medical devices is the key opportunity in this market.