Research Nester’s recent market research analysis on “System on Module Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global system on module market in terms of market segmentation by product type, standard and by region.

Rising End-User Demand for The Operating Systems and Rapid Digitalization to Promote Global Market Share of Systems On Module Market

The global system on module market is estimated to grow majorly on account of the rising attempts to improve the performance of laptops, and computers and the rising adoption of the Internet of things. For instance, in the year 2022, over 130.1 million households are equipped with smart speakers. Furthermore, the proliferation of industrial automation and strong demand for miniaturized products is expected to boost the system on module market growth during the forecast period. The rising penetration of 5G and artificial intelligence all across the globe is accelerating the demand for systems on modules. In 2023, 5G subscriptions have reached almost 1.1 billion worldwide. Moreover, the rise in the market for portable and wireless gadgets is also fueling the system on module market growth during the forecast period. Additionally, the increasing demand for ARM processors in various embedded systems is rising adoption of system on module.
Some of the major growth factors and challenges that are associated with the growth of the global system on the module market are:
Growth Drivers:
• Rising Adoption of the Cloud-Based Technologies
• Increasing Demand for Advanced Devices Such as Drones, Industrial Human Machine
Challenges:
The rising cost of setting up advanced technology devices, the complexity of devices, and the lack of skilled expertise are some of the major factors anticipated to hamper the global market size of system on module market.
Access our detailed report at: https://www.researchnester.com/reports/system-on-module-market/5629

By application, the global system on module market is segmented into medical, transportation, industrial, industrial automation, entertainment, and test & measures. Out of these, the industrial automation segment is projected to hold the maximum market share of almost 30% during the forecast period. The rising attempts to reduce the amount of human labor and ensure safety are fostering industrial automation in various manufacturing plants. Moreover, in the year 2021, robots carried out almost 50.1% of total manufacturing work globally. Hence, industrial automation has been adopted by a wide range of industrialists. These factors are projected to boost the industrial automation segment growth in the forecasted period.

By region, the Europe system on module market is to generate the highest revenue by the end of 2036. The Europe system on module is anticipated to grow at CAGR 8.1% during the forecasted period. The rising trends of deploying industrial robots in the industrial sector in remarkably driving the Europe system on module market growth.
This report also provides the existing competitive scenario of some of the key players of the global system on module market which includes company profiling of Advantech Co., Ltd, Congatec AG, SECO S.p.A, Digi International Inc., Variscite Ltd, Phytec America LLC, Olimex Ltd, Gateworks Corporation, Avalue Technology Inc, Renesas Electronics Corporation, Japan Display Inc, Sysmex Corporation, Toradex Japan K.K and others.