What is driving the MEA system on module sector growth?

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.

Which companies provide system on module (SoM) products?

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.

How big is the system on module market?

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.

Why is the use of SoM with Qseven standard rising?

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.

System on Module Market Size

Report ID: GMI3224

Published Date: December 2022

Report Format: PDF

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System on Module Market Size

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.

System on Module Market

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.

Authors: Suraj Gujar,

Frequently Asked Question(FAQ) :

What is driving the MEA system on module sector growth?: 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.
Which companies provide system on module (SoM) products?: 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.
How big is the system on module market?: 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.
Why is the use of SoM with Qseven standard rising?: 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.

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Authors: Suraj Gujar,

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Base Year: 2022

Companies covered: 22

Tables & Figures: 295

Countries covered: 22

Pages: 290

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System on Module Market Size

System on Module Market Size

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