Impact of COVID-19 on the System-on-Module (SoM) Market
COVID-19 has spread across various countries around the world and has adversely affected the overall electronics market. The temporary lockdowns imposed in various countries have delayed production, as most of the manufacturing plants have been shut down. This closure has slowed down the global economy. Governments have taken precautionary measures to prevent the spread of the pandemic. The COVID-19 outbreak has neutrally impacted the system-on-module (SoM) market. The system on module is a small board circuit that integrates a system function in a single module. Engineers often face challenges in the designing of products, keeping in mind, performance and connectivity, power consumption, cost-cutting, and the size of the product. SoM plays a vital role in designing a focused and efficient product. The demand for wireless and portable devices is fueling the growth of the SoM market. However, the delays caused in the designing and launch of the new products owing to the COVID-19 pandemic is expected to hinder the growth of the market.
On the flip side, amidst the current COVID-19 crisis, researchers at the Computer Science and Artificial Intelligence Laboratory (CSAIL) have designed a wireless device that enables healthcare professionals to monitor patients remotely. The device helps in tracking the patient’s breathing as well as sleep and movement patterns through wireless signals. Besides, the increasing demand for advanced robotics is fueling the growth of the market. Robots are being used in hospitals to measure the blood pressure, temperature, and oxygen saturation of the patients remotely to protect healthcare professionals and workers. Post the lockdown period, manufacturing plants and factories are expected to implement smart processes and move towards Industry 4.0, driving the growth of the market.
Global Market Size of Industrial and Non-Industrial Robots (USD Billion)