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Industry Trends
Single Board Computer (SBC) Market size valued at over USD 1 billion in 2021 and is estimated to grow at more than 12% CAGR between 2022 and 2028. The market growth is gaining traction due to the increasing adoption of medical & healthcare devices around the globe.
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Medical devices, such as digital X-ray machine, ultrasound system, surgical robots, and CT-scanners, are incorporated with SBCs. The SBC offers several intuitive features such as multiple Input/Output (I/O) functions, low power consumption, high precision, and accuracy with compact device footprint in the market. The proliferation of IoT & AI technologies in medical devices will foster the market expansion during the forecast timeline.
The COVID-19 pandemic adversely affected the single board computer market in early 2020. In the first half of 2020, several governments and regulatory bodies-imposed trade restrictions and lockdowns, which resulted in raw material & component supply chain disruptions. The industry growth for SBCs also decreased in automotive, consumer electronics, and home appliances sectors owing to the shutdown of manufacturing plants worldwide. However, the growing Work-From-Home (WFH) trend across IT enterprises has spiked the industry demand for low-cost PCs and workstations that are incorporating SBCs, thereby positively supporting the industry expansion during the pandemic.
| Report Coverage | Details |
|---|---|
| Base Year: | 2021 |
| Market Size in 2021: | USD 1 Billion |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 12.5% |
| 2028 Value Projection: | USD 3 Billion |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 270 |
| Tables, Charts & Figures: | 167 |
| Segments covered: | Processor, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Technological advancements in x86-based processors will spur the single board computer market value
The x86 segment captured USD 650 million in 2021 and is anticipated to witness 13.5% growth rate through 2028. This growth can be attributed to the several advantages offered by x86 processors such as supports multitasking, fast clock-time generation, high-speed data processing, and high scalability. These advantages have prompted its acceptance in several industrial applications such as automation systems, computers, and robotics. In addition, the proliferation of IoT & AI technologies in transportation, entertainment, and medical & healthcare sectors is driving the market demand for advanced SBCs.
Several market participants are upgrading their existing processor technologies to scale up the SBC performance. For instance, in January 2022, AMD launched its new Ryzen 6000 series of processors to support high-speed computing in laptops. This processor is based on x86 architecture, which supports Windows 11 security features. The company is aiming to supply this new processor to electronic manufacturers that are located in east Asian countries, such as Taiwan, South Korea, and India, to accelerate its integration into new gen laptops.
The proliferation of industrial robotics and automation to propel the market progression
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The industrial automation segment held 30% of the single board computer market share in 2021 led by the increasing penetration of robotics & automation across manufacturing and processing sectors. The manufacturing industry is highly integrated with collaborative robots, industrial robots, programmable logic controllers, and pick & place robots. The automation equipment uses SBCs for monitoring and in process control applications. The extensive penetration of industrial robots across developed economies, such as the U.S., Germany, Japan, and China, will stimulate the industry value.
Favorable government investments in the military & defense sector will create growth opportunities for the North America region
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North America single board computer market is projected to attain a CAGR of 12% till 2028 on account of the rising demand for Unmanned Aerial Vehicles (UAVs) and drones from the aerospace & defense sectors. These UAVs are integrated with x86-powered SBCs that offer several advantages including faster processing and improved power-saving capabilities. In addition, rising government initiatives to impel technological advancements in the field of defense drones will support the industry progression.
Focus on new product developments & launches to gain a competitive advantage in the industry
The key players operating in the single board computer market include iWave Systems Technologies Pvt. Ltd., Axiomtek Co., Ltd., ASUSTeK Computer Inc., Congatec, Kontron, Eurotech, Digi International, Inc., and Advantech. These industry leaders are proactively focusing on new product developments & launches to gain a competitive market advantage.
The single board computer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:
Market, By Processor
- ARM
- x86
- PowerPC
Market, By Application
- Industrial automation
- Consumer electronics
- Aerospace & defense
- Automotive & transportation
- Healthcare & medical devices
- Entertainment
- Education
- Agriculture
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- MEA
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