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Single Board Computer Market size exceeded USD 1.5 billion in 2022, progressing at over 10% CAGR from 2023 to 2032 due to the miniaturization of electronic components for use in SBCs.
The SBC industry growth is fueled by the growing use of novel technologies globally. Demand for single-board processors and high-performance embedded systems is rising due to the growing popularity of IoT technology. Moreover, these devices are increasingly being utilized in smart & connected solutions across numerous industrial verticals, including healthcare, home appliances, and transportation, among others. By 2025, studies project that there would be nearly 30.9 billion active IoT connections across different industries.
Report Attribute | Details |
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Base Year: | 2022 |
Single Board Computer Market Size in 2022: | USD 1.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 10% |
2032 Value Projection: | USD 4.5 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 260 |
Tables, Charts & Figures: | 190 |
Segments covered: | Processor, Application, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Despite positive outlook for the single board computer market, system complexity associated with some processors is negatively impacting revenue. The complex design of x86 processor-based SBC solutions increases the embedded system complexity as a result of high memory configuration and the presence of several components on a single board. This raises the overall cost of the solution, restraining the adoption of these processors for embedded computing. Nonetheless, high-performance, standard format benefits, and ease of use of SBCs are set to increase the single board computer demand over the forecast period.
Single board computer market size from industrial automation will grow at 15% CAGR between 2023 and 2032 propelled by several features, including wide computing capability, multi-tasking high battery capacity, and automatic connection to the internet required in the industrial sector. In addition, the widespread need for workers’ safety has boosted the demand for enhanced embedded solutions and SBCs.
By 2032, the x86-equiped single board computer market will be valued at more than USD 2.5 billion owing to the technological growth in embedded devices as well as the increasing demand for smaller and power-efficient processors. To cite an instance, in January 2023, Intel launched its 4th Gen Xeon Scalable processor, Sapphire Rapids HBM, with an x86-based processor having high bandwidth memory to boost HPC applications without any need for modifications.
North America single board computer market will reach more than USD 1.5 billion in revenue by 2032, attributed to the increasing requirement for automated solutions in the fast-growing industrial sector. Moreover, supportive government initiatives to accelerate the manufacturing sector are further increasing the adoption of automation systems, conveyors, and collaborative & industrial robots. In September 2022, the U.S. government announced an investment of USD 40 million to elevate the biomanufacturing industry in the country with new resources and automated equipment.
are some of the key participants involved in the single board computer market. These firms are investing in new product launches, strategic partnerships, and portfolio expansions to attain a competitive edge in the market.
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