System on Module (SoM) Market Share
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on System on Module (SoM) Market Share. The growth sectors of the System on Module (SoM) Market Share are identified with precision for a better growth perspective.
The global system on module (SoM) market is expected to grow from USD 1.40 billion in 2018 to USD ~3.60 billion by 2025, at a CAGR of ~15% during the forecast period. System on module, also known as computer on module, is a chip consisting of clock, microprocessor, RAM, flash memory, Ethernet and I/O controllers on a single printed circuit board. It is ready-to-use, processor module which is used for developing any embedded product. Advantages of SoMs include rapid, lower risk hardware development, lower system cost, and the potential for processor upgrade.
The key players in the system on module (SoM) market are AAEON Technology, Inc.(Taiwan), Advantech Co., Ltd (Taiwan), Avnet, Inc. (US), Avalue Technology (Taiwan), Axiomtek Co., Ltd (Taiwan), Connect Tech, Inc. (Canada), Congatec AG (Germany), EMAC, Inc. (US), Eurotech, Inc. (US), Kontron S&T AG (Germany), Microchip Technology, Inc. (US), National Instruments Corporation (US), Phytec (Germany), SECO S.p.A (Italy), TechNexion Ltd (Taiwan), Toradex (Switzerland), and VIA Technologies, Inc. (Taiwan).
The global system on module (SoM) market is projected to grow at a significant rate during the forecast period from 2019 to 2025. The geographic analysis of the global system on module (SoM) market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America.
Asia-Pacific region holds the largest market share due to the adoption of smart factory and Industry 4.0 trends to improve the efficiency and productivity of embedded systems which has boosted their demand. North America followed by Europe is expected to be the fastest-growing region during forecast period owing to the adoption of robotics and industrial automation in countries like the US, UK, Germany, and France. The need for embedded systems in industrial automation and robotics is expected to spur the growth of the SoM market in these regions. The Middle East and Africa region is expected to show significant growth owing to high use of embedded computing & electronic solutions across various industries in this region.
The global system on module (SoM) market has been segmented based on type, application, and region.
On the basis of type, the market has been segmented into arm architecture, x86 architecture, and power architecture.
Based on application, the market has been segmented into industrial automation, medical, entertainment, transportation, test & measurement, and others.
The global system on module (SoM) market, by region, has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America.
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System on Module Market Size, Share, Industry Demand, Global Analysis, 2025 | MRFR
System on Module (SoM) Market Demand, Research Report by Type, End-user, Distribution Channel and…
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