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System on Module Market Size By Product (ARM, x86 Architecture, Power Architecture), By Standard (Qseven, SMARC, COMExpress), By Application (Industrial Automation, Medical, Entertainment, Transportation, Test & Measurement), COVID-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI3224
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

System on Module Market size surpassed USD 1 billion in 2022 and is poised to register 15% CAGR from 2023 to 2032 owing to the burgeoning adoption of IoT technology.
 

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The reliance on IoT technologies has surged across industry verticals including home appliances, medical, and transportation. The use of SoM modules is therefore likely to rise to streamline hardware specifications and allow developers to design precise and connected edge devices for next-gen IoT applications. Compared to single-board computers, SOM systems can also offer more advanced SoC and memory and low error risks, further contributing to product demand.
 

Additionally, the price of these solutions is increasing, making them relatively more expensive than ARM processors, creating roadblocks to system on module market expansion to a certain extent. Despite these challenges, the strong focus on the development of compatible processors for 5G, IoT, and other emerging tech applications will create growth opportunities for SoM developers over the estimated timeline.
 

Power architecture-based processors to gain traction for high-speed communication applications

The industry size from the power architecture product segment is projected to observe 5% growth during 2023 to 2032. Processors based on power architecture provide high and efficient integration, enabling seamless hardware and software compatibility and enhanced performance. These processors are also used extensively in networking and industrial applications such as general embedded solutions and embedded networking equipment. The increasing requirement for high-speed communication in industrial solutions and systems will thus promote the integration of power architecture solutions.
 

Usage of Qseven standard SoM in smart home applications for improved computing performance

The system on module market from the Qseven standard type is projected to witness 15% growth rate through 2032. SoM with the Qseven standard has been adopted in smart home applications since it is considered ideal for space-constrained applications that need low power. This standard is also capable of improving design flexibility and computing performance, thereby allowing the use of varied processor configurations. Furthermore, its ability to aid the delivery of improved storage capabilities and excellent computing performance will boost industry demand in IoT and networking applications.
 

Rising espousal of SoM in industrial automation applications

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SoM industry revenue from the industrial automation sector is expected to reach USD 3 billion by 2032. With the increasing employment of robotic technologies, the utilization of SoMs and embedded solutions has surged in industrial sectors. To eliminate human labor and garner worker safety, the reliance on automated material handling equipment has also increased in manufacturing facilities. These factors, alongside the growing customization of industrial robots, will bolster the demand for embedded systems and subsequently amplify SoM development for such applications.
 

Rise of industrial automation to magnify SoM integration in MEA

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Middle East & Africa system on module market will cross USD 50 million by 2032, on account of the spurring investment from oil and gas producers in infrastructure modernization projects. The regional manufacturing sector, the implementation of Industry 4.0 has also soared attributed to the rapid industrial automation. These trends will encourage developers to rely on SoM to design connected edge devices for next-generation industrial automation in the MEA.
 

North American industry exceeded USD 350 million in 2022, due to the progression of the industrial sector and the high requirement for automated solutions. In countries such as Canada, organizations are opting for IoT and other emerging technologies to accelerate their progress toward their business goals. IoT has also been among the technology sectors with high investment levels. With the shifting interest toward robotics and AI in the manufacturing sector, the integration of SoM systems will thus improve in the region.
 

Product range enlargements to remain a key growth strategy among key participants

The system on module market competitive landscape is inclusive of several players such as Advantech Co., Ltd., Kontron S&T AG, AAEON Technology, Inc., Avalue Technology Inc., Digi International, Inc., Connect Tech, Inc., EMAC, Inc, iWave Systems Technologies Pvt. Ltd, Eurotech, Inc., National Instruments Corporation, Microchip Technology, Inc., VIA Technologies, Inc., Unex Technology, and Varicscite, among others. These companies are focusing on new system launches and other strategies to expand their presence in the global scenario.
 

Impact of COVID-19 outbreak on the industry outlook

Wearable sensor technology has become a crucial tool to help users keep track of their health and well-being during the COVID-19 pandemic. Research studies revealed that the utilization of wearable activity trackers powered by artificial intelligence can detect coronavirus infections before the symptoms start. In recent years following the pandemic, IoT technology has also gained traction in varied applications, including COVID-19 testing, healthcare, and remote device maintenance. These factors will lead to the optimization of compact SoM solutions for use in IoT and smart devices, which may foster market development by 2032.
 

This market research report on system on module includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

Market, By Product

  • ARM architecture
  • x86 architecture
  • Power architecture

Market, By Standard

  • Qseven
  • SMARC
  • COMExpress
  • Others

Market, By Application

  • Industrial Automation
  • Medical
  • Entertainment
  • Transportation
  • Test & Measurement
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • Japan
    • Taiwan
    • South Korea
    • India
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC

 

Authors: Preeti Wadhwani, Aayush Jain

Frequently Asked Questions (FAQ) :

The market size of system on module crossed USD 1 billion in 2022 and is poised to depict over 15% CAGR during 2023 to 2032, on account of the burgeoning adoption of IoT technology in various industrial sectors.
The system on module (SoM) industry valuation from the Qseven standard segment is projected to witness 15% growth from 2023 to 2032, owing to its broad application scope in smart home devices.
Middle East and Africa system on module industry size will surpass USD 50 million by 2032, propelled by the increasing investments by oil and gas producers on infrastructure modernization.
Some of the prominent players in the system on module (SoM) competitive landscape include Advantech Co., Ltd., iWave Systems Technologies Pvt. Ltd, AAEON Technology, Inc., Eurotech, Inc., VIA Technologies, Inc., Kontron S&T AG, and Varicscite, among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 22
  • Tables & Figures: 295
  • Countries covered: 22
  • Pages: 290
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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