System on Module Market worth over $3bn by 2027

System on module (SoM) Market size is set to surpass USD 3 billion by 2027, according to a new research report by Global Market Insights Inc.
 

Increasing demand for Artificial Intelligence (AI) technology based embedded systems in the entertainment industry will accelerate the market opportunities for SoM manufacturers. The rising integration of AI technology into surveillance cameras, inspection equipment, embedded vision systems, and a range of industrial & building automation HMI will propel market demand in the coming years. It offers high performance, improved connectivity, and low power consumption, which will foster the efficiency of face or object detection, 4K video playback, and image processing applications. Major players are engaged in accelerating the development of AI-integrated modules to gain a competitive edge over competitors.

 

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Design-related problems connected with microsystems on modules are one of the key reasons restricting the market growth. These modules have a shorter life cycle than normal modules and are difficult to modify once they are manufactured. Furthermore, the micro SoM requires complex packaging and large-scale integration, increasing the entire production cost. Additionally, market participants are inclining toward the adoption of low-cost ARM-based architecture to overcome design challenges.
 

Rising acceptance of x86 processors in SoM for process automation in industrial sectors will fuel the market expansion

U.S. SoM Market Size By Product

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The x86 processor type held 40.0% of the market share in 2020 and will witness 10% growth rate through 2027. The industry growth is credited to the growing utilization of x86 processors in computers, automated machines, robots, and other embedded systems. It is based on Intel's 8086 instruction set and offers a high level of scalability and reliability, making it ideal for harsh industrial applications. The Complex Instruction Set Architecture (CISA) of x86 processors enables SoMs to perform multiple operations with a single set of instructions, supporting the market progression.
 

Intel also offers processor development licenses to a variety of companies such as ADLINK, SECO, Axiomtek, and Thundercomm. Companies are constantly engaged in developing new SoM with x86 architecture to gain competitive edge in the market.
 

Browse key industry insights spread across 280  pages with 247 market data tables and 28 figures & charts from the report, “System on Module (SoM) 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, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/system-on-module-market

 

Growing demand for miniaturized devices will impel the usage of SMARC standard

The SMARC standard segment in the market captured 15% of revenue share in 2020 and is estimated to attain a CAGR of 14% till 2027. The industry expansion is attributed to the rising demand for small size and low-power consumer applications such as cameras, mini laptops, and others. The companies are speeding up their innovations with the SMARC 2.0 version, extending their offerings for numerous independent displays and boosting demand in media applications.
 

Companies are continuously creating new solutions based on the SMARC standard to fulfill demand in emerging application areas such as infotainment systems, machine vision, digital signage displays, and others.
 

Proliferation of smart embedded systems in medical applications will spur the market revenue

The medical applications are poised to expand at more than 10% CAGR by 2027 on account of the increasing demand for safe, reliable, and efficient embedded systems in the medical industry. These systems are widely used in respiratory monitoring systems, point-of-care devices, and blood pressure tracking systems. In addition, the growing demand for smaller, portable, and wireless medical technology, such as wearable instruments and surgical tools, is boosting the system on module adoption. Several OEMs are concentrating on new product developments to meet the growing demand.
 

Favorable government initiatives to promote the acceptance of advanced technologies will create the growth opportunities for APAC region

Asia Pacific system on module market will showcase 14% gains during 2021 to 2027 led by the growing IT infrastructure and usage of highly efficient embedded systems and IoT technologies in nations including China, Japan, and South Korea. Rising government initiatives and financing activities for the deployment of advanced technologies such as IoT in smart city infrastructure, and process automation, will further support the industry revenue.
 

The key players operating in the market include AAEON Technology, Inc., Advantech Co., Ltd., Digi International, Inc., iWave Systems Technologies Pvt. Ltd., Thundercomm, Toradex AG, and VIA Technologies, Inc. The key companies are engaged in developing new products through strategic alliances and collaborations to stay competitive among other participants.
 

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