ID: MRFR/SEM/7156-CR | March 2021 | Region: Global | 111 pages
Global System on Module Market valued at USD 2,390.4 Million in 2019 and is expected to reach USD 3,774.9 Million by 2026 with a CAGR of 7.97% during the forecast period, 2020–2026.
Engineers are facing challenges in finding new ways to design products that would enhance intelligence, connectivity, and performance while cutting costs, power consumption, and size of the product. In such cases, a system on module (SoM) is considered as an ideal platform for quick and focused product design.
A system on module is an off-the-shelf component that integrates processor, memory, power supply, debugging, and connectivity to make the device work. It does not have any connectors; instead, it is designed to be plugged into a carrier board. An SoM can be used in various applications, including eBook reader, deep learning, wearable, automation, test and measurement, industrial human-machine interface (HMI), drone, medical imaging, and industrial control.
Manufacturers prefer system on modules as they are ideal for product designing. The growing demand for system on modules can be attributed to the increasing demand for portable and wireless devices. The rising adoption of these modules in medical devices has also contributed to market growth during the forecast period. However, system complexities in X86 processors have resulted in restricting the market growth.
Asia-Pacific accounted for the largest market share of 33.3% in 2019 followed by North America. 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 the market growth.
Global System on Module Market, By Type (2019 Vs 2026)
Source: MRFR Analysis
On the basis of type, the system on module (SoM) market is segmented into arm architecture, X86 architecture, and power architecture. In this 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 lesser 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 with reduced instruction sets. 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.
Global System on Module Market, by region, has been segmented into North America, Europe, Asia-Pacific, the rest of the world. Asia-Pacific accounted for the largest market share of in 2019; the market is expected to register the highest CAGR during the forecast period. North America was the second-largest market in 2019. 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.
The Key Players of the global System on Module Market are AAEON Technology, Inc. (Taiwan), Advantech Co., Ltd (Taiwan), Avnet, Inc. (US), Avalue Technology (Taiwan), Axiomtek Co., Ltd (Taiwan), Connect Tech, Inc. (Canada), Congatec AG (Germany), EMAC, Inc. (US), Eurotech, Inc. (US), Kontron S&T AG (Germany), Microchip Technology, Inc. (US), National Instruments Corporation (US), Phytic (Germany), SECO S.p.A (Italy), TechNexion Ltd (Taiwan), Toradex (Switzerland), and VIA Technologies, Inc. (Taiwan) among others. These players compete in terms of availability, quality, price, and technology. They primarily focus on the development of sophisticated system on modules. Although the international players dominate the market, regional and foreign players with small market shares also have a notable presence.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQ) :
In April 2019, Linaro launched 96Boards system-on-module (SOM) specifications to develop a single hardware and software community.
The type-wise segments are x86 architecture, power architecture and arm architecture.
The geographic examination of the system on module (SoM) market has been conducted for Europe, Asia Pacific (APAC), the Middle East & Africa, and Central, North America as well as South America.
Top companies covered in the report are Advantech Co., Ltd (Taiwan), Avnet, Inc. (US), Kontron S&T AG (Germany), National Instruments Corporation (US), AAEON Technology, Inc.(Taiwan), Congatec AG (Germany), EMAC, Inc. (US), Axiomtek Co., Ltd (Taiwan), VIA Technologies, Inc. (Taiwan), Microchip Technology, Inc. (US), Connect Tech, Inc. (Canada), Phytic (Germany), Avalue Technology (Taiwan), TechNexion Ltd (Taiwan), Toradex (Switzerland), Eurotech, Inc. (US), SECO S.p.An (Italy), to mention a few.
The manufacturers in the market concentrate on manufacturing modules that are flexible as well as small, and can be of use in industrial applications that require high performance as well as cost-effective embedded platforms to build products. Many of the renowned vendors are attempting to provide high-quality SoM solutions, with respect to price as well as performance to get a better position in the market.